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

Introduction

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!

Branch History & Mission

Join Us

At Northwoods, we invite you to experience the difference of being part of a credit union that puts its members first. Join us today and discover how we can support your financial journey while making a lasting impact in Cloquet and beyond. For more information or assistance, feel free to reach out at 218-879-1100 or visit our website at northwoodscu.org. Together, let's build a brighter financial future!

Modern Services

As times have changed, so have we. Northwoods embraces technology with online and mobile banking options that allow members to manage their finances conveniently from anywhere. Our commitment to accessibility extends to ADA compliance and ensuring everyone can benefit from our services without barriers. For those who prefer face-to-face interactions, we offer drive-thru banking services for quick transactions without leaving your vehicle. Our lobby hours are designed to accommodate busy schedules: open from 7:00 a.m. to 5:30 p.m., Monday through Friday, and drive-thru hours on Saturday from 9:00 a.m. to 12:00 p.m. While members can visit us at 902 Stanley Ave, official correspondence should be sent to 1702 Avenue B, Cloquet, MN 55720.

Our Mission

At Northwoods, our mission goes beyond traditional banking; we strive to empower individuals and families with the financial tools they need to succeed. We believe that every member deserves personalized service and support on their journey toward financial well-being. From personal banking solutions like checking and savings accounts to auto loans, mortgages, and credit cards with rewards, we aim to offer services that truly cater to the diverse needs of our community. We also place great emphasis on giving back. Through various partnerships and outreach initiatives, we actively participate in local events and programs that uplift our community. Whether it's supporting local schools or participating in charitable activities, we are dedicated to making a positive impact.

Branch Location & Accessibility

Accessibility Features

We understand that accessibility is important. Our branch complies with ADA guidelines and features ramps and designated parking spots to ensure all members can access our services comfortably.

Contact Us Today!

Got questions or need assistance? Feel free to give us a call at 218-879-1100. We invite you to come by Northwoods today; our team looks forward to welcoming you and helping you achieve your financial goals!

Operating Hours & Services

Northwoods is here for you during convenient hours! We're open Monday through Friday from 7:00 a.m. to 5:30 p.m., and on Wednesdays from 9:00 a.m. to 5:30 p.m. If you need to drop by on Saturday, our drive-thru service operates from 9:00 a.m. until noon. Our services include personal banking options like checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. Plus, enjoy the ease of online and mobile banking for your everyday transactions.

Member Eligibility

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!

Business Banking & Commercial Services

Merchant Services for Every Need

But it doesn't stop there. Our merchant services make it easy for you to accept payments, manage transactions, and keep your cash flow healthy. Whether you're running a retail shop or a service-based business, having reliable payment processing can simplify your operations and enhance customer satisfaction. Located at 902 Stanley Ave Cloquet Mn 55720 in Cloquet, MN, we're here to partner with you on your journey to success. Give us a call at (218) 879-1100 to learn more about how our business banking and commercial services can work for you!

Tailored Lending Solutions

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. This means real support for local entrepreneurs who are looking to enhance their impact in the community. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions for all kinds of enterprises. - With an outstanding commercial loan portfolio of $36,585, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM & Drive-Thru Services

For those who prefer face-to-face interactions or need quick access to cash, our ATM and cash withdrawal services are available around the clock. Plus, with our basic drive-thru banking option, depositing money or making simple transactions has never been easier. At Northwoods, we value our members' time and strive to provide accessible financial solutions that fit into their busy lives. If you're ready to explore all the ways we can assist you financially or if you have questions about any of our services, don't hesitate to reach out! Call us at (218) 879-1100 or visit us at our branch location in Cloquet. We look forward to serving you!

Business Banking

For small business owners, we offer comprehensive business banking services, including merchant services and business loans. Whether you're starting a new venture or looking to expand an existing one, we have the tools to support your growth.

Credit Cards

Our credit cards with rewards are designed to give you more from every purchase. Enjoy benefits like cashback or points towards travel while managing your spending effectively.

Home Financing

Thinking about buying a home? Our mortgage loans and refinancing options provide flexible terms that can help you achieve your dream of homeownership or lower your current mortgage payments. We strive to make the process straightforward so you can focus on what matters most your new home.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Northwoods provides robust online and mobile banking features. You can easily manage your accounts from anywhere, whether it's checking balances, making transfers, or paying bills all at your fingertips.

Personal Banking

For individuals, we offer a variety of personal banking options. You can open checking and savings accounts that suit your lifestyle, helping you manage everyday expenses and build savings over time. If you're considering buying a new car, our auto loans and vehicle financing options make it simple and affordable. We understand that life sometimes brings unexpected expenses, which is why we also provide personal loans and debt consolidation services to help ease your financial burdens.

Digital & Online Banking

Accessibility and Real-Time Management

Imagine having all your financial tools right in your pocket! Our mobile application allows you to stay on top of your finances in real-time. Whether you're checking balances or authorizing payments, everything is designed for ease of use. And if you ever need assistance, our friendly support team is just a phone call away at (218) 879-1100. At Northwoods, we're committed to providing accessible and user-friendly digital banking solutions that empower you to manage your money confidently and conveniently. Join us today and experience the future of banking!

Key Features for Your Convenience

With our online banking services, you can easily check your balance, pay bills, and transfer money all from the comfort of your couch or while waiting in line. You'll appreciate the ability to make person-to-person transfers with just a few taps, making it easier than ever to share expenses with friends or family. Plus, with our mobile application available, managing your finances is just a click away. Security is paramount at Northwoods. We provide electronic signature authorization to ensure that your transactions are safe and secure. You can also enjoy e-statements for easy access to your account information without worrying about paper clutter.

Financial Strength

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 7.99% 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 $424,819, 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer 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 brand-new vehicle or a reliable used car, our flexible options can help make it happen.

Business Financing

For business owners, our outstanding commercial loans totaling $36,585 provide the capital needed to grow and expand. Whether you need funds for equipment, inventory, or other business needs, we're here to support your entrepreneurial journey. In addition to these offerings, we also have refinancing options available for those looking to lower their monthly payments or consolidate debt. Please visit us or give us a call at (218) 879-1100 for more information about eligibility and how we can assist you further. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Stop by our branch located at 902 Stanley Ave Cloquet Mn 55720, Cloquet, MN, and let our team help you find the right loan product tailored just for you!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $12,718,935, make buying or refinancing simple. We provide personalized support to guide you through the process, ensuring that you understand all available options.

Unsecured Credit Card Loans

Managing day-to-day expenses can sometimes be challenging. We also offer flexible terms on unsecured credit card loans, with a total of $4,656,513 in loans helping members manage their finances effectively. Enjoy the convenience and security of having access to funds when you need them.

Loan Aggregator

Ensuring Accurate 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 all loan offers are fair and transparent, giving users confidence in their choices. Each lender listed on the platform is vetted for legitimacy, allowing users to focus on finding the best rates without worrying about hidden fees or misleading information.

Get Started Today

Compare real-time loan offers today at LendMesh 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.

The Benefits of Using LendMesh

LendMesh offers several key benefits that help users make informed decisions: - Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users stay informed about their 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 how LendMesh can make a significant difference in securing favorable loan terms.

NORTHWOODS CREDIT UNION - Cloquet, MN

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