Northwoods Credit Union is headquartered in Cloquet and is the 39th largest credit union in the state of Minnesota. It is also the 1,504th largest credit union in the nation. It was established in 1936 and as of March of 2019, it had grown to 46 employees and 11,233 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
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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 Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62847 |
| Year Chartered | 1936 |
| Employees | 46 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.22% |
| Return on Equity - YTD | 11.36% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $116.2MM$93.5MM |
| Loans | Q1 2019vs Q1 2018 | $92.1MM$75.4MM |
| Deposits | Q1 2019vs Q1 2018 | $103.7MM$83.8MM |
| Equity Capital | Q1 2019vs Q1 2018 | $12.3MM$9.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $667.00K$639.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $318.00K$406.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $90.00K$0 |
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
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 |
Northwoods Credit Union CD Rates
Northwoods Credit Union IRA Rates
| 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 |