Northwoods Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.14% | 5-year CD | 3.10% - Synchrony Bank 60 Month CD |
| 2.00% | Reward Checking | 2.06% - National Average |
| 2.32% | 1-year CD | 2.65% - Barclays 12 Month Online CD |
Northwoods Credit Union is headquartered in Cloquet and is the 40th largest credit union in the state of Minnesota. It is also the 1,514th largest credit union in the nation. It was established in 1936 and as of June of 2018, it had grown to 45 employees and 10,669 members at 5 locations. Northwoods Credit Union's CD rates are 3X the national average, and it boasts 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
Related Posts
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!! :)
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62847 |
| Year Chartered | 1936 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.76% |
| Annual Interest Income | $2.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $113.3MM$93.5MM |
| Loans | Q2 2018vs Q2 2017 | $85.9MM$68.9MM |
| Deposits | Q2 2018vs Q2 2017 | $100.9MM$83.9MM |
| Equity Capital | Q2 2018vs Q2 2017 | $11.7MM$9.2MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $889.00K$646.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $481.00K$472.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$73.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.70% | - | - | IRA Account | |
| 0.70% | - | - | SEP Account | |
| 0.70% | - | - | Regular Roth IRA | |
| 0.70% | - | - | Converted Roth IRA | |
| 0.70% | - | - | Educational IRA | |
| 0.25% | - | - | Health Savings Account | |
| 0.20% | - | - | Christmas Club | |
| 0.10% | - | - | Share Account | |
| 0.10% | - | - | Special Savings |
Northwoods Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.80%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.10% → $10 - $2.5k | 0.40% → $2.5k - $25k | 0.60% → $25k - $50k | 0.70% → $50k - $100k | |||||
Northwoods Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $10k | Kasasa Cash | ||
| OTHER TIERS: 0.20% → $10k+ | |||||
Northwoods Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.14%* | $100k* | - | 60 Month Certificate | ||
| OTHER TIERS: 2.83% → $1k - $50k | 3.03% → $50k - $100k | |||||
| 2.88%* | $100k* | - | 36 Month Certificate | ||
| OTHER TIERS: 2.68% → $1k - $50k | 2.78% → $50k - $100k | |||||
| 2.58%* | $100k* | - | 24 Month Certificate | ||
| OTHER TIERS: 2.37% → $1k - $50k | 2.47% → $50k - $100k | |||||
| 2.32%* | $100k* | - | 12 Month Certificate | ||
| OTHER TIERS: 2.12% → $1k - $50k | 2.22% → $50k - $100k | |||||
| 0.90%* | $100k* | - | 6 Month Certificate | ||
| OTHER TIERS: 0.80% → $1k - $50k | 0.85% → $50k - $100k | |||||
| 0.85%* | $100k* | - | 3 Month Certificate | ||
| OTHER TIERS: 0.75% → $1k - $50k | 0.80% → $50k - $100k | |||||
Northwoods Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.88%* | $100k* | - | 36 Month IRA Certificate | ||
| OTHER TIERS: 2.68% → $1k - $50k | 2.78% → $50k - $100k | |||||
| 2.88%* | $100k* | - | 36 Month Roth IRA Certificate | ||
| OTHER TIERS: 2.68% → $1k - $50k | 2.78% → $50k - $100k | |||||
| 2.58%* | $100k* | - | 24 Month IRA Certificate | ||
| OTHER TIERS: 2.37% → $1k - $50k | 2.47% → $50k - $100k | |||||
| 2.58%* | $100k* | - | 24 Month Roth IRA Certificate | ||
| OTHER TIERS: 2.37% → $1k - $50k | 2.47% → $50k - $100k | |||||
| Northwoods Credit Union Locations | ||
|---|---|---|
| Branch Office | 902 Stanley Ave | Cloquet, MN 55720 |
| Branch Office | 1702 Avenue B | Cloquet, MN 55720 |
| Corporate Office | 105 Arch St Ste 200 | Cloquet, MN 55720-1566 |
| Branch Office | 90 Arrowhead Ln | Moose Lake, MN 55767-9453 |
| Branch Office | 224 W Highway 2 | Floodwood, MN 55736-4538 |