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Northwoods Credit Union


Overview / Commentary
www.northwoodscu.org
218-879-4181
1702 Avenue B
Cloquet, MN 55720

Northwoods Credit Union is headquartered in Cloquet and is the 36th largest credit union in the state of Minnesota. It is also the 1,422nd largest credit union in the nation. It was established in 1936 and as of December of 2022, it had grown to 55 employees and 11,408 members at 4 locations. Northwoods Credit Union 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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Reviews (1)

Northwoods Credit Union

Posted by: |

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!! :)

1


Health
B+

Data as of Q4 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #62847
Year Chartered1936
Employees55
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD12.44%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$162.4MM$158.8MM
LoansQ4 2022vs Q4 2021$136.4MM$126.5MM
DepositsQ4 2022vs Q4 2021$146.0MM$146.5MM
Equity CapitalQ4 2022vs Q4 2021$13.3MM$12.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$0$664.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$386.00K$669.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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
0.35%--IRA Account
0.35%--Roth IRA
0.35%--Educational IRA
0.25%--Health Savings Account
0.15%$10-Christmas Club
0.05%$5-Share Account
0.05%--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
5.09%$1k-13 Month CD Special
4.58%$1k-18 Month CD Special
4.06%$1k-23 Month CD Special
1.61%*$100k*-60 Month Certificate
OTHER TIERS: 1.51% → $1k - $50k | 1.56% → $50k - $100k
1.31%*$100k*-36 Month Certificate
OTHER TIERS: 1.21% → $1k - $50k | 1.26% → $50k - $100k
1.05%*$100k*-24 Month Certificate
OTHER TIERS: 0.95% → $1k - $50k | 1.00% → $50k - $100k
0.85%*$100k*-12 Month Certificate
OTHER TIERS: 0.75% → $1k - $50k | 0.80% → $50k - $100k
0.50%$1k-6 Month Certificate

Northwoods Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%*$100k*-36 Month IRA Certificate
OTHER TIERS: 1.21% → $1k - $50k | 1.26% → $50k - $100k
1.31%*$100k*-36 Month Roth IRA Certificate
OTHER TIERS: 1.21% → $1k - $50k | 1.26% → $50k - $100k
1.05%*$100k*-24 Month IRA Certificate
OTHER TIERS: 0.95% → $1k - $50k | 1.00% → $50k - $100k
1.05%*$100k*-24 Month Roth IRA Certificate
OTHER TIERS: 0.95% → $1k - $50k | 1.00% → $50k - $100k
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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