Northwoods Credit Union

Overview / Commentary
1702 Avenue B
Cloquet, MN 55720

Northwoods Credit Union is headquartered in Cloquet and is the 34th largest credit union in the state of Minnesota. It is also the 1,355th largest credit union in the nation. It was established in 1936 and as of September of 2023, it had grown to 53 employees and 11,673 members at 4 locations. Northwoods Credit Union has an A 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

Reviews (1)

Northwoods Credit Union

I am loving the Cash Back on my Account and this Bank Is Pretty Amazing! Really knows how to do business with its Members. Way to go NorthWoods Credit Union!! A + Service!! :)


Health Grade Components

NCUA #62847
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD1.1%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$174.4MM$164.5MM
LoansQ3 2023vs Q3 2022$136.8MM$136.4MM
DepositsQ3 2023vs Q3 2022$159.1MM$150.1MM
Equity CapitalQ3 2023vs Q3 2022$13.4MM$13.7MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.1MM$681K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$503K$621K
Real Estate OwnedQ3 2023vs Q3 2022$119K$0

Rates for Northwoods Credit Union are currently being reviewed.


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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