NORTHWOODS CREDIT UNION

Welcome to Northwoods, your trusted financial partner right here in Cloquet, Minnesota! Since our establishment in 1936, we have been dedicated to serving our community with reliable banking solutions tailored to meet the needs of our 12,012 members. Located at 902 Stanley Ave, Cloquet, MN 55720, we pride ourselves on offering a warm and welcoming environment where you can manage your finances with confidence. At Northwoods, we believe in the power of community and strive to make a positive impact through our various services. With total assets of $176,441,640 and total deposits exceeding $10,004,985, we are committed to ensuring your money is safe and working hard for you. Our experienced team, led by CEO Douglas Wolf and Board President Jeffrey Kletscher, is here to provide personalized service that meets your unique financial goals. We understand that life can be unpredictable, which is why we offer a range of products including auto loans (over 5,262 loans funded), mortgage options, personal loans, and credit cards with rewards. Whether you're looking to buy a new car or consolidate debt, Northwoods has you covered. Plus, with services like online banking and mobile access, managing your money has never been easier. While members can visit us at our branch location, official correspondence should be sent to 1702 Avenue B, Cloquet, MN 55720. We invite you to explore all that Northwoods has to offer. Call us today at 218-879-1100 or visit our website at northwoodscu.org to learn more about how we can assist you on your financial journey. Your future starts here!

At Northwoods, we believe that becoming a member is like joining a caring family where your financial well-being matters. If you're looking to join us, it's easy! Membership is open to anyone who lives, works, worships, or attends school in our community. This means that if you're part of the vibrant fabric of our area, you can take advantage of everything we offer, from personalized banking services to competitive loan rates. We pride ourselves on being inclusive and supportive, making it simple for you to get started. For detailed information about eligibility requirements, feel free to check out our resource at https://www.northwoodscu.org/our-story-and-membership/ . Opening an account with us is just as straightforward. You can find all the necessary steps by visiting https://www.northwoodscu.org/careers/ . Our friendly team is here to assist you every step of the way, so don't hesitate to reach out at (218) 879-1100 if you have any questions or need guidance. We're excited to welcome you into the Northwoods family and help you achieve your financial goals!

At Northwoods, 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 are proud to share our financial strength with you, showcasing our commitment to providing reliable services and competitive rates. 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. 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. 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. 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. 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. Our lending capacity is supported by $2,631 in used auto loans and $140,836,664 in total loans and leases, helping our members achieve their financial goals across various sectors. Our operational efficiency is reflected in our $734,447, enabling us to continue offering competitive loan rates and solid financial products for our members. 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. Net Shares (Funds available for lending and investments): $715,805. Total Share Accounts: 24,777, 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, Northwoods is your trusted partner. Visit us at 902 Stanley Ave Cloquet Mn 55720 or call (218) 879-1100 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.