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Northwoods Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.39%
Our Rating
3.1  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.northwoodscu.org
218-879-4181
1702 Avenue B
Cloquet, MN 55720

Northwoods Credit Union is headquartered in Cloquet and is the 33rd largest credit union in the state of Minnesota. It is also the 1,359th largest credit union in the nation. It was established in 1936 and as of December of 2024, it had grown to 55 employees and 12,024 members at 4 locations. Northwoods Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Pine, Carlton or St. Louis County. Membership is also open to employees of Carlton County, City of Carlton, Carlton School District, Carlton Fire Department, City of Wrenshall, Cloquet Ford-Chrysler Center, Wrenshall Fire Department, Cloquet Terminal Railroad, Community Printing, Cloquet Transit/LCS Coaches, Esko School District, High Mark Construction, Jarden Home Brands, Inter-Faith Care Center, Potlatch, Ray Riihiluom Specialty Minerals, a Inc, RAM Mutual Insurance Company, RE/MAX Cloquet, Upper Lakes Foods, WKLK Radio Station, and members of the VFW of Carlton.
See current membership details

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62847
Year Chartered1936
Employees55
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD8.37%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$175.9MM$172.7MM
LoansQ4 2024vs Q4 2023$138.1MM$135.8MM
DepositsQ4 2024vs Q4 2023$160MM$157.5MM
Equity CapitalQ4 2024vs Q4 2023$14.6MM$13.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.1MM$1.1MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$409K$462K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.39%
Our Rating
3.1  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/16/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Northwoods Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwoods Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Health Savings Account
0.15%$10-Christmas Club
0.05%$5-Share Account
0.05%$0-Special Savings

Northwoods Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Money Market
OTHER TIERS: 0.05% → $10 - $2.5k | 0.30% → $2.5k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $100k

Northwoods Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$10$10kLoyalty Choice Rewards Checking w/ 4 Qualifiers
0.45%$10$10kLoyalty Choice Rewards Checking w/ 3 Qualifiers
0.30%$10$10kLoyalty Choice Rewards Checking w/ 2 Qualifiers
0.15%$10$10kLoyalty Choice Rewards Checking w/ 1 Qualifier

Northwoods Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.73%*$100k*-60 Month Certificate
OTHER TIERS: 2.53% → $1k - $50k | 2.63% → $50k - $100k
2.48%*$100k*-12 Month Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.48%*$100k*-24 Month Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.48%*$100k*-36 Month Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.22%*$100k*-6 Month Certificate
OTHER TIERS: 2.02% → $1k - $50k | 2.12% → $50k - $100k

Northwoods Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.48%*$100k*-24 Month IRA Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.48%*$100k*-36 Month IRA Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.48%*$100k*-24 Month Roth IRA Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
2.48%*$100k*-36 Month Roth IRA Certificate
OTHER TIERS: 2.27% → $1k - $50k | 2.38% → $50k - $100k
0.35%$0-IRA Account
0.35%$0-Roth IRA
0.35%$0-Educational IRA
Locations


Northwoods Credit Union Locations
Branch Office902 Stanley AveCloquet, MN 55720
Branch Office1702 Avenue BCloquet, MN 55720
Branch Office90 Arrowhead LnMoose Lake, MN 55767-9453
Branch Office224 Highway 2 WFloodwood, MN 55736-4538

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