Northwoods Credit Union Floodwood MN | Affordable Auto Loans & Drive-Thru Banking

Introduction

Welcome to Northwoods, your trusted financial partner located at 224 Highway 2 W, Floodwood, MN 55736. Since our establishment in 1936, we have been dedicated to serving our community with a personal touch. With over 12,000 members, we pride ourselves on building lasting relationships that empower individuals and families to achieve their financial goals. At Northwoods, we understand that every member's journey is unique. That's why we offer a range of services tailored just for you whether you're looking for checking and savings accounts, auto loans, or mortgage financing. Our total assets amount to a robust $176,441,640, ensuring that we have the resources to support you when you need it most. Currently, our total deposits stand at $10,004,985, reflecting the trust our members place in us. Our commitment to the community goes beyond just banking. Under the leadership of our CEO, Douglas Wolf, and Board President, Jeffrey Kletscher, we strive to make a positive impact in Floodwood and its surrounding areas. With a dedicated team of 56 employees, we are here to assist you every step of the way. While members can visit us at our branch for personalized service, official correspondence should be sent to our mailing address: PO Box 318, Floodwood, MN 55736. Feel free to reach out to us at 218-879-4181 or explore more about what we offer by visiting our website at Northwoods Credit Union. Join us today and experience the difference that comes with being a part of Northwoods! Your financial success is our priority.

Branch History & Mission

Community Engagement

Northwoods is deeply committed to giving back to the community that has supported us throughout the years. Through various outreach programs and partnerships with local organizations, we strive to make a positive impact on those around us. Whether it's sponsoring local events or providing financial literacy workshops, our goal is to foster growth not just within our credit union but also in the neighborhoods we serve.

Join Us Today!

We invite you to experience the benefits of being part of Northwoods. With convenient ATM access and drive-thru banking available for quick transactions, managing your finances has never been easier. Explore how Northwoods can help you reach your financial goals by visiting us or calling us at 218-879-4181 today! Together, let's build a brighter future for you and our community!

Our Journey

From our humble beginnings, Northwoods has always believed in the power of community. We started as a small financial cooperative aimed at helping local residents manage their finances better. As we evolved, we expanded our services to include a wide range of personal and business banking solutions. Today, with total assets exceeding $176 million, we stand as a testament to what can be achieved when people come together for mutual benefit. Our branch is conveniently located at 224 Highway 2 W, Floodwood, MN 55736, making it accessible for all community members. If you need to send us official correspondence, please use our mailing address: PO Box 318, Floodwood, MN 55736.

Our Mission

At Northwoods, our mission is simple yet profound: to provide exceptional financial services while supporting and uplifting our community. We strive to make banking easy and accessible for everyone. From checking and savings accounts to auto loans and mortgage financing, we are here to help you navigate your financial journey. We take pride in being more than just a bank; we are a partner in your success. Our dedicated team is always ready to assist you with personalized service that meets your unique needs. Whether you prefer visiting us in person during our operating hours Monday through Friday from 8:00 a.m. to 5:00 p.m., or Wednesday from 9:00 a.m. to 12:00 p.m. or using our digital platforms for online banking and mobile applications, we're here for you every step of the way.

Branch Location & Accessibility

Comprehensive Services at Your Fingertips

At Northwoods Floodwood Branch, we pride ourselves on offering a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash? Our ATM is readily available for convenient cash withdrawals and balance checks. While members can visit us at 224 Highway 2 W Floodwood Mn 55736, official correspondence should be sent to PO Box 318, Floodwood, MN 55736.

Connect with Us Today!

If you have any questions or need assistance, don't hesitate to give us a call at (218) 879-4181. Our team is here to help! We invite you to come visit us soon experience the warmth and service that makes Northwoods more than just a credit union; we're part of your community!

Easy Access and Parking

Getting to us is a breeze! Our location offers ample parking, making it easy for you to pop in whenever you need assistance. We also prioritize accessibility with features that ensure all members can comfortably access our services. If you're in need of drive-thru banking, we have that covered too ideal for those on-the-go days!

Operating Hours Tailored for You

Our lobby hours are set with your busy schedule in mind. We're open from 8:00 a.m. to 5:00 p.m. on Monday, Tuesday, Thursday, and Friday. On Wednesdays, we welcome you from 9:00 a.m. until noon. Plus, if you need to visit us on Saturdays, our drive-thru is available from 9:00 a.m. to 12:00 p.m., perfect for quick deposits or withdrawals.

Member Eligibility

At Northwoods, we believe in building a welcoming community where everyone can thrive. Becoming a member is simple and rewarding, and we're excited to have you join us! To be eligible for membership, individuals must live, work, worship, or attend school in the area surrounding our branch at 224 Highway 2 W Floodwood Mn 55736. We also welcome family members of current members, making it easy for loved ones to benefit from our services together. You can learn more about the specific eligibility requirements by visiting our website at https://www.northwoodscu.org/our-story-and-membership/ . Once you know you're eligible, opening an account with us is a breeze! Our friendly team is here to help you every step of the way. Whether you have questions or need assistance, feel free to give us a call at (218) 879-4181. We're dedicated to providing personalized service and ensuring that your experience with Northwoods is nothing short of excellent. Join us today and discover the many advantages of being part of our credit union family!

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. This funding has empowered local entrepreneurs to invest in new equipment, hire additional staff, and increase their operational capacity. - For those outside our membership, we also provide flexible financing solutions with $0 in non-member commercial loans, ensuring that more businesses in our community have access to necessary funds.

Merchant Services

In addition to loans, we offer merchant services that simplify payment processing for your business. Imagine being able to accept payments seamlessly from customers through various channels whether in-person or online. Our solutions not only enhance customer satisfaction but also improve cash flow management for your operations. Visit us at 224 Highway 2 W Floodwood Mn 55736 in Floodwood, MN, or call us at (218) 879-4181 to learn how we can support your business ambitions today!

Outstanding Support

With an outstanding commercial loan portfolio of $36,585, we continue to drive economic growth by financing new and expanding businesses. Our experienced team is here to guide you through the loan process, making it easier for you to focus on what matters most running your business.

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and business owners, we understand that time is money. Our business banking services, including merchant services and business loans, are designed to help your business thrive. We're here to assist with everything from opening a business account to financing growth opportunities.

Credit Options with Benefits

Our members love our credit cards with rewards, allowing you to earn while you spend. Imagine earning points on everyday purchases that lead to exciting rewards! This option not only provides purchasing power but also gives back to you as a valued member.

Customer-Centric Support

At Northwoods, we pride ourselves on being accessible. Our friendly team is ready to assist you during lobby hours from 8:00 a.m. - 5:00 p.m., Monday through Friday (with adjusted hours on Wednesdays). Feel free to reach out by phone at (218) 879-4181 if you have any questions or need assistance. We invite everyone in the community of Floodwood, MN to explore all the offerings at Floodwood Branch your trusted partner in financial success. Visit us at 224 Highway 2 W Floodwood Mn 55736 or check out our website at Northwoods Credit Union for more information. We look forward to serving you!

Digital Banking Convenience

In today's fast-paced world, convenience is key. With our online and mobile banking, you can manage your accounts anytime, anywhere. Check balances, transfer funds, or even pay bills at the touch of a button. Our ATM services ensure cash withdrawal is straightforward whenever needed. Plus, with basic drive-thru banking available for deposits and withdrawals, getting your banking done has never been easier.

Personal Banking Solutions

When it comes to managing your finances, we offer various personal banking options that can help you achieve your goals. From checking and savings accounts to ensure your money is safe and growing, to auto loans and vehicle financing for your next car purchase, we aim to support you every step of the way. If you're considering buying a home, our mortgage loans and refinancing options can guide you through the process smoothly. For those unexpected expenses or debt consolidation needs, our personal loans provide flexible solutions tailored just for you.

Digital & Online Banking

Key Features

Our online banking platform offers a host of features that make banking a breeze. You can view your account balances, transfer funds, and even set up e-statements for a more eco-friendly approach to managing your documents. Plus, with electronic signature authorization available, signing important documents has never been simpler or more secure. If you're looking to send money quickly to friends or family, our person-to-person transfer feature makes it easy. Just a few taps on your mobile application can get the job done without any hassle. Speaking of our mobile app, it is designed for ease of use, allowing you to manage your accounts right from your smartphone.

Security and Convenience

We prioritize your security while providing these convenient features. All transactions are protected with advanced security measures, giving you peace of mind while banking online. Whether you're logging in from your computer or using our mobile app, know that your information is safe with us. In addition to offering essential banking tools, we are committed to making your experience as user-friendly as possible. From accessing funds to managing payments, everything is designed for simplicity and efficiency. With Northwoods, take control of your finances today by exploring all our digital and online banking options! Visit us at https://www.northwoodscu.org/ to learn more and get started.

Financial Strength

Comprehensive Lending Solutions

Our lending capacity is robust: we have $2,631 in used auto loans and an impressive total of $140,836,664 in loans and leases. This extensive range means we can help our members achieve their financial objectives across various sectors.

Growing Member Trust

We currently manage a total of 24,777 share accounts, showcasing a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments stand at $715,805, further highlighting our dedication to supporting your financial needs. In summary, 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 224 Highway 2 W Floodwood Mn 55736 or call 218-879-4181 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.*

Member-Centric Savings

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.

Operational Efficiency

Our net income of $734,447 reflects our operational efficiency. This enables us to continue offering competitive loan rates and solid financial products for our members. We pride ourselves on having 55 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Our Solid Foundation

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.

Reinvesting in Your Future

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 allows us to support your goals whether it's purchasing a new vehicle or planning for retirement.

Loan Offering

Additional Loan Options

In addition to auto and mortgage loans, we provide credit lines totaling $18,406,690, allowing you access to funds when you need them most. For business owners looking for growth opportunities, our outstanding commercial loans totaling $36,585 provide essential capital for expansion.

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. We know that purchasing a vehicle is a big decision, and our team is here to guide you through the process. Plus, if you're considering refinancing your current auto loan, we can help with that too.

Credit Card Loans

Managing your finances effectively is crucial. We also offer flexible terms on unsecured credit card loans, with a total of $4,656,513 in loans helping members navigate their expenses. Whether it's for unexpected costs or planned purchases, our credit cards come with benefits that make them easy to use.

Get Started Today!

Our experienced team at Northwoods is ready to assist you in finding the right loan product for your situation. If you're curious about eligibility or want to learn more about our offerings, feel free to reach out at 218-879-4181 or visit us at 224 Highway 2 W Floodwood MN 55736. For more detailed information about our services and how we can help you meet your financial needs today and into the future, please explore our website: Northwoods. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $12,718,935, ensuring you have access to necessary funds at competitive rates. Homeownership can be within reach sooner than you think with our flexible terms.

Loan Aggregator

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NORTHWOODS CREDIT UNION