Please note that our Acton branch will be closed on Friday, May 15 due to construction, and our Westford branch will be closed on Saturday, May 16, for the Westford Apple Blossom Parade. As always, you can access your account 24/7 with mobile, online banking & our ATM network.

Due to construction, the drive-up window and drive-up ATM will not be available at our Billerica branch. The branch will remain open during regular business hours, but the drive-up lanes will remain closed during construction.

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Partner Site Disclaimer

By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours. 

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Get the right financial solutions for your non-profit business.

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Get the right financial solutions for your non-profit business.

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We understand your challenges and align with your goals.

Northern Bank has a proud history as the bank of choice for charities and non-profits. Our experienced banking team understands the unique needs of non-profit organizations and is readily available to consult with you and assist with anything you need. Our decades-long commitment to giving back to our communities through the Northern Charitable Foundation, brings added assurance that our priorities align with your goals.

Tools and solutions designed to meet your needs.

Accounts

We know how important it is to be able to stretch your budget a little further. That’s why we offer checking and savings accounts designed just for registered 501(c)3 organizations.

Non-Profit Interest Checking

Checking product for 501(C)3 organizations. Support your mission with no monthly fee and interest on your balances.

Competitive interest rates

Online and mobile bill pay

Northern Bank Business Debit Mastercard®

2 no-fee "foreign" ATM withdrawals/month

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Non-Profit Statement Savings

Savings product for 501(C)3 organizations. Earn additional interest on your excess balances.

Competitive interest rates

Online mobile bill pay

Northern Bank Business Debit Mastercard®

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Protection

We have the necessary safeguards in place to keep your funds secure.

FDIC COVERAGE

Northern Bank is a member of the FDIC which means that the FDIC insures up to $250,000 per depositor, per FDIC-insured bank, per ownership category (such as single or joint accounts). This means your money is safe if your FDIC-member bank fails, as long as your balances are within the limits.

INSURED CASH SWEEP (ICS)

Access multi-million-dollar FDIC insurance through a single bank relationship.

Keep your funds secure without limiting your account access.

Peace of mind knowing your funds are eligible for protection beyond $250,000 and will be backed by the faith and credit of the federal government.

Convenience — no need to track, manage multiple bank relationships or consolidate bank statements.

Flexibility to withdraw money when you need it. Access funds from your deposit account and the system will automatically pull needed funds from your linked ICS account.
Excess funds over the threshold you set on your account will be automatically transferred to ICS.

Community Development Lending

We work with you to help fund your projects and grow your organization.

Northern Bank’s experienced Community Lending team partners with local non-profits to help fund the development of affordable housing and support their credit needs. We provide a variety of lending options, including construction and real estate financing, underwriting working capital lines of credit, and providing multi-layered leverage loans for Tax Credit projects and tax-exempt bond financing.

AT NORTHERN BANK WE ARE COMMITTED TO:
  • Investing both debt and equity in providing housing solutions for low to-moderate income families and individuals.
  • Supporting the needs of private and charter schools, health care providers, and other social service organizations in our communities through lines of credit.
  • Providing treasury services and deposit products that meet the needs of nonprofits.
LOAN SOLUTIONS

Term Loans

Purchase or refinance owner-occupied property with a fixed-rate loan. Terms available up to 10 years and a 25-30 year amortization schedule and may qualify for tax-exempt financing.

Construction Loans

Finance ground-up construction or renovation of affordable housing, senior housing, and facilities for non-profit users. Terms available for up to 2 years and can include a term loan option at construction completion.

Lines of Credit

Finance fundraising timing gaps and capital campaigns or bridge tax-credit equity investments.

NORTHERN BANK CHARITABLE FOUNDATION

We believe helping our communities grow, helps us all.

The Foundation has awarded over $5 million to support our communities. It focuses its efforts on three key areas:

Assisting members of our community with housing and shelter needs.

Ending hunger by raising awareness and supporting our local food banks in Middlesex County.

Providing a variety of services, including financial literacy for children, low-income residents and seniors in our community.

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Ready to Upgrade Your Business' Banking

Schedule a meeting with our Non-profit team.