Northwoods Credit Union Cloquet MN | Affordable Vehicle Loans & Personal Banking

Introduction

Welcome to Northwoods, your trusted financial partner located at 1702 Avenue B, Cloquet, MN 55720. Established in 1936, our credit union has been dedicated to serving the community with reliable banking solutions tailored for everyone. With a strong membership base of over 12,000 individuals, we pride ourselves on creating personal connections and fostering financial well-being. At Northwoods, we understand that your financial journey is unique. That's why we offer a variety of services including checking and savings accounts, auto loans, mortgage loans, personal loans, and business banking solutions. Our total assets have grown to an impressive $176,441,640, reflecting our commitment to both our members and the community. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to the same address: 1702 Avenue B, Cloquet, MN 55720. Our leadership team, led by CEO Douglas Wolf and Board President Jeffrey Kletscher, is passionate about providing exceptional service and ensuring that our members achieve their financial goals. With a dedicated team of 56 employees, we are always here to assist you. As of now, we have facilitated a total of 10,000 loans and leases, showing how we empower our members through accessible lending options. Our strong net worth of $14,098,035 further underlines our stability and ability to support you in achieving your dreams. We invite you to explore all that Northwoods has to offer. Whether you're looking for competitive rates on loans or simply need help managing your finances, give us a call at 218-879-4181 or visit our website at northwoodscu.org. Let's take the next step together towards a brighter financial future!

Branch History & Mission

Commitment to Innovation

In line with modern banking trends, Northwoods embraces digital advancements while ensuring ADA compliance for all our members. We provide online banking services that make managing finances easier than ever before, along with mobile applications that keep you connected on-the-go. Whether you prefer visiting us in person or accessing your account digitally, we cater to your preferences.

Join Us

While members can visit us at 1702 Avenue B Cloquet Mn 55720, official correspondence should be sent to 1702 Avenue B, Cloquet, MN 55720. If you're looking for a financial partner who values community and puts people first, we invite you to join Northwoods. Experience the benefits of becoming part of a credit union dedicated not just to banking but also to making a positive impact on lives. For more information or inquiries, feel free to call us at (218) 879-4181 during our operating hours: Monday through Friday from 8:30 AM to 5:00 PM (9:00 AM - 5:00 PM on Wednesdays). Come see how Northwoods can help you achieve your financial goals!

Our Mission

At Northwoods, we believe that financial services should be accessible and supportive. Our mission is simple yet profound: to empower our members through personalized banking solutions that foster financial literacy and growth. We offer a range of services from checking and savings accounts to auto loans, mortgages, and credit cards with rewards. Every product is designed with our members' best interests at heart. We also understand that banking goes beyond transactions; it's about building relationships. That's why we actively engage in community outreach efforts, partnering with local organizations to support initiatives that enrich lives in Cloquet and surrounding areas.

Branch Location & Accessibility

Come Visit Us!

We invite you to stop by Northwoods in Cloquet today! Whether you're looking to open an account or simply want to learn more about what we offer, our friendly team is ready to assist you. We look forward to welcoming you into our community!

Easy Access and Parking

Our branch is designed with accessibility in mind. Whether you're visiting us for personal banking or exploring loan options, you'll find ample parking available right outside our doors. For those who need assistance, we have features like ramps that ensure everyone can access our services comfortably.

Operating Hours That Work for You

We want to make your banking experience as convenient as possible. That's why we offer flexible operating hours. You can visit us Monday, Tuesday, Thursday, and Friday from 8:30 a.m. to 5:00 p.m., and on Wednesdays from 9:00 a.m. to 5:00 p.m. If you have questions or need assistance outside of these hours, feel free to give us a call at 218-879-4181.

Services Tailored for You

At Northwoods, we provide a variety of services including checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. Our ATM is available for quick cash withdrawals and balance checks, and we also offer drive-thru banking for simple transactions without leaving your car. While you can visit us at 1702 Avenue B for all your banking needs, please note that official correspondence should be sent to the same address since our mailing address is the same.

Member Eligibility

Welcome to the Northwoods community! Becoming a member of Northwoods is easy and welcoming, designed for those who want to join a supportive financial family. To be eligible, you typically need to live, work, worship, or attend school in certain areas around Cloquet, MN. This means if you're part of our vibrant community, you are likely already on your way to membership! Plus, members enjoy a range of services tailored to meet their financial needs, from checking and savings accounts to loans and credit cards with rewards. If you're ready to take the next step in joining us at Northwoods, check out our detailed eligibility requirements at https://www.northwoodscu.org/our-story-and-membership/ . You can easily open an account by visiting us or following the instructions at https://www.northwoodscu.org/careers/ . If you have any questions or need assistance, don't hesitate to call us at (218) 879-4181. We're excited to welcome you into our family at Northwoods, located at 1702 Avenue B Cloquet Mn 55720!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $36,585, we continue to drive economic growth by financing new and expanding businesses. Imagine a local café planning to renovate its space or a construction company needing equipment upgrades our loans are designed to facilitate such vital changes that contribute to community vitality.

Merchant Services

In addition to loans, we provide essential merchant services that make transactions smoother for business owners. From point-of-sale systems that simplify payments to online processing solutions that allow for e-commerce growth, we ensure you can focus on what matters most: serving your customers. If you're ready to explore how Northwoods can assist your business, visit us at 1702 Avenue B Cloquet Mn 55720 in Cloquet, MN, or call us at (218) 879-4181. Let's work together to achieve your business goals!

Comprehensive List Of Services

Accessible Services at Your Fingertips

At Northwoods, we prioritize making banking easy for everyone. Our basic drive-thru banking provides quick service for deposits and withdrawals without leaving your car. Plus, with our ATMs available on-site for balance checks and withdrawals, accessing your funds has never been simpler. We invite you to visit us at our branch in Cloquet or give us a call at 218-879-4181 if you have any questions about how we can assist you further. Join us today and discover how Northwoods is committed to serving you with all your financial needs!

Business Banking Support

For small business owners, we provide essential business banking services, including merchant services and business loans. These offerings can help you manage cash flow effectively while investing in growth opportunities.

Digital Banking Convenience

In today's fast-paced world, convenience matters. That's why we offer robust online and mobile banking solutions. With our digital tools, you can easily check your account balances, pay bills, and transfer money anytime, anywhere. Our members also enjoy the accessibility of our ATM and cash withdrawal services, ensuring you have quick access to funds when needed.

Home Financing Made Simple

For those ready to buy their dream home, our mortgage loans and refinancing options make the process smoother than ever. We understand that buying a home is a significant step, which is why we provide personalized guidance throughout the mortgage process. Additionally, if you're looking to consolidate debt or fund personal projects, our personal loans are designed with your needs in mind.

Personal Banking Solutions

We offer a variety of personal banking options designed to make managing your finances easy and straightforward. Our checking and savings accounts come with features that help you save while providing flexibility for everyday spending. If you're considering purchasing a car, our auto loans and vehicle financing programs are here to assist you in getting behind the wheel without breaking the bank.

Rewarding Credit Options

Looking for a credit card? Our credit cards with rewards offer competitive benefits that can help you earn as you spend. Whether it's cashback on purchases or points toward travel, these cards are crafted to enhance your spending experience.

Digital & Online Banking

Accessibility and Support

Our 24/7 online banking services mean that no matter what time it is, you can access your account and get the support you need. Whether you're checking balances late at night or making a quick transfer during lunch breaks, we're here for you. At Northwoods, we strive to make banking easy and accessible for everyone. Join us today and discover how our digital banking tools can simplify your financial life!

Key Features

With our online banking platform available at https://www.northwoodscu.org/ , accessing your accounts has never been easier. You can check balances, pay bills, and transfer money all with just a few clicks. Our services are secure, ensuring your personal information is protected while you manage your finances confidently. Need to sign documents? We offer electronic signature authorization, making it simple to complete transactions without the hassle of paper forms. Plus, you can say goodbye to cluttered mailboxes with our e-statements feature, which allows you to receive all your important documents electronically.

Mobile Banking

For those who prefer banking on their smartphones, our mobile application is here for you! With our app, you can utilize person-to-person transfers to send money quickly to friends or family right from your phone. Although mobile payments aren't currently offered, the app provides a user-friendly experience for managing your accounts anytime.

Financial Strength

Dedicated Team

We also take pride in having 55 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Our staff is trained to provide personalized support tailored to your individual needs.

Efficient Operations

Our $734,447 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. This income is a testament to our effective management practices and dedication to serving you well.

Focused on Our Members

Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment is to put your interests first.

Growing Member Base

Total Share Accounts: 24,777, showing a strong and growing member base that trusts us with their finances. Your trust is what drives us forward as we strive to enhance your banking experience. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Northwoods is your trusted partner. Visit us at 1702 Avenue B Cloquet Mn 55720 or call (218) 879-4181 to learn more about how we can help you achieve your financial goals.

Member Savings Secured

Members' savings are secured through $34,991,730 in share certificates and $24,428,911 in money market shares, offering stable and rewarding financial growth opportunities. We prioritize the safety of your investments while providing options that can help your money grow over time.

Reinvesting for Growth

With $13,363,588 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This reinvestment strategy enables us to continually improve our services and adapt to your needs.

Solid Capital Foundation

Our net worth ratio of $799 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio indicates our commitment to prudent financial management and long-term stability.

Strong Net Worth

With a net worth of $14,098,035, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust net worth positions us well within our industry, giving you confidence in our ability to manage your funds wisely.

Supporting Your Financial Goals

We understand that every member has unique financial goals. With $2,631 in used auto loans and $140,836,664 in total loans and leases, our lending capacity supports members' financial aspirations across various sectors. Whether you're looking to buy a car or fund a personal project, we're here to help.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans provide some of the lowest rates in the industry, with over $41,238,603 in used vehicle loans and $12,723,390 in new vehicle loans already helping members get on the road. Whether you're interested in financing a new or used vehicle, we have options that fit various budgets and preferences.

Credit Lines

If you're looking for additional flexibility in managing your expenses or planning for unexpected costs, consider our credit lines. With a total of $18,406,690 available in this category, you'll have access to funds when you need them most.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $12,718,935, making it easier for you to invest in your future.

Refinancing Options

At Northwoods, we're also committed to helping you save money through refinancing opportunities. If you're considering refinancing an existing loan or exploring eligibility options for any of our loan products, our knowledgeable staff can guide you through the process. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Whether you're ready to apply for one of our loan products or just want more information about how we can assist you financially, feel free to visit us or give us a call. At Northwoods, we're dedicated to helping you achieve your financial dreams with confidence and ease.

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans. With a total of $4,656,513 in unsecured credit card loans available, our offerings can help you manage your finances effectively while enjoying rewards along the way.

Loan Aggregator

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NORTHWOODS CREDIT UNION