North Star Credit Union Cook MN | Affordable Auto Loans & Business Banking

Introduction

Welcome to North Star Credit Union, your trusted financial partner located at 10248 E Olson Rd, Cook, MN 55723. Since our establishment in 1939, we have been dedicated to providing exceptional service and support to our growing community of 6,025 members. As a member-owned institution, we prioritize your financial well-being by offering a variety of services tailored to meet your needs. At North Star Credit Union, we take pride in our robust financial standing, boasting total assets of $103,665,873 and total deposits amounting to $3,673,377. Our commitment to responsible lending is evident as we manage a diverse portfolio with 3,233 loans and leases, ensuring our members have access to the funds they need. With a strong net worth of $9,150,672 and cash reserves totaling $1,135,239, we are positioned to support you through every financial journey. While members can visit us at our branch location, official correspondence should be sent to our mailing address: P.O. Box 1058, Cook, MN 55723-1058. Our team is ready to assist you during our lobby hours on Thursdays from 8:00 AM to 1:00 PM. Led by CEO Jennifer Stedt and Board President John Korpi, our dedicated staff of 31 employees is here to ensure that you feel valued and supported. We invite you to explore our comprehensive services including personal banking options like checking and savings accounts, auto loans, mortgage refinancing, credit cards with rewards, and business banking solutions. We understand that choosing the right credit union is an important decision. That's why we strive for transparency and excellence in everything we do. We encourage you to reach out with any questions or visit us today! Call us at 218-666-5940 or explore more about what we offer at North Star Credit Union. Your financial future starts here!

Branch History & Mission

At North Star Credit Union, we take pride in our rich history and commitment to the community of Cook, Minnesota. Founded in 1939, our branch has been a steadfast financial partner for over eight decades, adapting to the needs of our members while remaining deeply rooted in our core values. Located at 10248 E Olson Rd, Cook, MN 55723, we serve as a beacon of support and guidance for individuals and families seeking financial stability and growth. Over the years, North Star has evolved significantly. From humble beginnings, we have grown our membership to an impressive 6,025 members and amassed total assets of $103,665,873. Our focus has always been on providing personalized service and innovative financial solutions that cater to the unique needs of our community. Whether it's through auto loans, mortgages, or business banking services, our mission is clear: to empower our members financially while fostering a sense of belonging. Our mission statement reflects this dedication: "To provide accessible financial services that improve the lives of our members and strengthen the communities we serve." We are more than just a credit union; we are your neighbors, dedicated to supporting local initiatives and outreach efforts that uplift everyone in Cook and beyond. While members can visit us at 10248 E Olson Rd, official correspondence should be sent to P.O. Box 1058, Cook, MN 55723-1058. We invite you to come see us during our lobby hours on Thursdays from 8:00 AM to 1:00 PM. Additionally, with ATM availability for your convenience, we ensure access to your funds whenever you need them. In line with modern banking trends, we've embraced digital advancements such as online banking and mobile payments while ensuring ADA compliance so everyone can access our services easily. Our commitment to customer-centric initiatives sets us apart as we continually look for ways to enhance your experience with us. At North Star Credit Union, we believe in building strong partnerships within the community. Through various outreach programs and collaborations with local organizations, we strive to make a positive impact on those around us. Join us today at North Star Credit Union where your financial journey is supported by people who genuinely care about your success. Experience firsthand the benefits of membership as we work together towards a brighter financial future! For inquiries or assistance, feel free to call us at 218-666-5940 or visit our website at North Star Credit Union.

Branch Location & Accessibility

Welcome to the North Star Credit Union, conveniently located at 10248 E Olson Rd in Cook, MN! Our branch is nestled in the heart of Saint Louis County, making it easy for you to access our services. Whether you're heading to the nearby Cook Community Center or enjoying the beautiful landscapes of Minnesota's North Woods, we're here to support your financial needs. At our North Woods Money Cave branch, we prioritize your convenience and comfort. We offer ample parking right outside our door, ensuring you have a hassle-free experience when you visit us. Our location is fully accessible, featuring ADA-compliant ramps so everyone can feel welcome. Our lobby hours are designed with your busy schedule in mind. We're open every Thursday from 8:00 AM to 1:00 PM, providing a friendly atmosphere for all your banking needs. You can also reach us at 218-666-5940 if you have any questions or need assistance outside of these hours. For those who prefer cash transactions, we've got you covered with our ATM services available on-site. While we do not offer drive-thru banking, our team is always ready to assist you inside the branch. If you're looking for more than just traditional banking services, we provide a variety of options including personal loans, auto financing, and even credit cards with rewards. While members can visit us at 10248 E Olson Rd, official correspondence should be sent to our mailing address at P.O. Box 1058, Cook, MN 55723-1058. We invite you to stop by North Star Credit Union and discover how we can help you achieve your financial goals!

Member Eligibility

At North Star, we believe that joining our community is a step toward achieving your financial goals in a supportive environment. Becoming a member is simple and welcoming! If you live, work, or worship in the Cook area, you are likely eligible to join us at North Star. Our focus is on making banking personal and accessible, ensuring that everyone has the opportunity to benefit from our range of services designed just for you. To get started with opening an account, simply visit us at our branch located at 10248 E Olson Rd Cook Mn 55723, or give us a call at (218) 666-5940 for more information. For detailed eligibility criteria and to ensure you're on the right track, feel free to check out our website at . We're excited to have you as part of our family!

Business Banking & Commercial Services

Real-World Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine making it easy for customers to pay with their preferred methods credit cards, mobile payments, and more all while enjoying competitive rates. This means less hassle for you and a better experience for your customers. Visit us at 10248 E Olson Rd Cook Mn 55723 in Cook, MN, or give us a call at (218) 666-5940 to learn how we can support your business goals. Together, let's build a brighter future for your enterprise!

Tailored Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $122 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $9 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $13,586,008, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Services

If you're a business owner, North Star has got you covered too! Our Business Banking solutions include essential services like Merchant Services and Business Loans, designed to support your growth and operational needs.

Connect With Us

We invite you to explore all that North Star has to offer. For more information about any of our services or to speak with one of our friendly representatives, please don't hesitate to reach out at (218) 666-5940. Our lobby hours are every Thursday from 8:00 AM to 1:00 PM. Discover how easy banking can be visit us today at 10248 E Olson Rd Cook Mn 55723, or check us out online at North Star Credit Union North Woods Money Cave. We look forward to serving you!

Digital Banking Convenience

In today's fast-paced world, convenience matters. That's why we offer robust Online & Mobile Banking features, allowing you to manage your finances anytime, anywhere. Whether you're checking balances on-the-go or making transfers from the comfort of your home, you'll find that banking has never been easier. Our ATM services provide basic access for withdrawals and balance checks, ensuring that cash is always within reach when you need it. With the added security of features like electronic signatures and e-statements, managing your account online is both safe and straightforward.

Personal Banking Solutions

Starting with personal banking, we offer various Checking & Savings Accounts designed to fit your lifestyle. Imagine having the flexibility to manage your funds easily while earning competitive interest rates on your savings. Our accounts provide that and more, ensuring you have the financial tools necessary for day-to-day living. When it comes to purchasing a vehicle, our Auto Loans & Vehicle Financing options make it simple and affordable. Picture driving off in your dream car with manageable monthly payments that suit your budget. If you're ready to invest in a home, our Mortgage Loans & Refinancing services are here to guide you through every step of the process, ensuring you find the right mortgage plan. For those unexpected expenses or debt consolidation needs, our Personal Loans offer quick access to cash when you need it most. And let's not forget about our Credit Cards with Rewards, which allow you to earn points on everyday purchases turning spending into savings!

Digital & Online Banking

Accessibility and Security

Your security is our priority. We use advanced technology to protect your information while providing easy access to all your financial tools. With real-time account management available through our online banking platform and mobile app, you'll always be in control of your money without any hassle. At North Star, we believe that banking should fit into your lifestyle not the other way around. Experience the freedom and flexibility that comes with modern banking solutions tailored just for you!

Key Features

One of the highlights of our digital offerings is the Mobile Application. This app allows you to bank on-the-go with features like mobile payments, which make transactions easier than ever. Plus, if you need to send money to a friend or family member quickly, our person-to-person transfer option has got you covered. For those who prefer going paperless, we provide e-statements, allowing you to view your account statements electronically saving trees and making it easier to track your finances. And if you need to sign documents electronically, rest assured that we support electronic signature authorization for added convenience.

Financial Strength

At North Star, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that in today's world, having a trusted financial partner is essential, and we are proud to be that partner for you. With a net worth of $9,150,672, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $908 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $27,743,005 in share certificates and $5,913,196 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $1,513,399, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $7,534,723 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, our commitment to helping you achieve your financial goals is reflected in our robust lending capacity: we currently have $551 in used auto loans and $86,235,553 in total loans and leases. Our operational efficiency is evident with a net income of $-188,690, which enables us to keep offering competitive loan rates and solid financial products tailored for our members. We also take pride in having 30 full-time employees and 1 part-time employees ready to assist you with knowledge and dedication. To summarize our commitment: Net Shares available for lending and investments stand at $133,729, while the total number of share accounts is 12,275, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, North Star is your trusted partner. Visit us at 10248 E Olson Rd Cook Mn 55723 or call (218) 666-5940 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $8,245,230 in used vehicle loans and $3,717,197 in new vehicle loans already helping members get on the road. Whether you're interested in a brand-new model or a reliable pre-owned vehicle, we have flexible financing options to suit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $13,586,008 provide the capital needed to grow and expand your business. We understand that every business has its own needs, and our dedicated team is here to work with you on finding the right solution. At North Star, we pride ourselves on being a community-focused credit union dedicated to serving our members' financial needs. If you're interested in exploring refinancing options or checking your eligibility for any of these products, don't hesitate to contact us or visit our website for more information. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We look forward to helping you with your financial journey!

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $480,205 in loans helping members manage their finances effectively. Our credit cards come with various benefits designed to provide convenience while keeping your spending under control.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,666,004, make buying or refinancing simple. We strive to make the process as smooth as possible, offering competitive rates and personalized service tailored to your unique situation.

Loan Aggregator

Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that users receive fair and transparent offers tailored to their needs. By focusing on compliant lenders, LendMesh guarantees accuracy in the information presented.

Benefits of Using LendMesh

- Verified Data: All loan offers are sourced from legitimate financial institutions, ensuring transparency for every user. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results that you can trust. - Real-Time Rate Comparisons: Users have access to up-to-date loan rates from multiple institutions, empowering them to make informed decisions about their borrowing options. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights the effectiveness of the platform in helping individuals secure better loan rates. Ready to compare real-time loan offers? Visit LendMesh today and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

North Star