Northwoods Credit Union

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A short history of Northwoods CU

Since its inception in 1936 the Northwoods Credit Union has been serving its members in the Cloquet, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Barbara Brown, the Northwoods CU has grown its membership to over 8,254 with assets of more than $93,543,982. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (218) 879-4181 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Cloquet, MN.

General Information For Northwoods CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62847
Address 1702 Avenue B 
City Cloquet 
State Minnesota 
Zip-Code 55720
Phone Number (218) 879-4181
Fax Number (218) 879-0965
Email Address:
CEO/President Barbara Brown
Members 8,254 
Full-Time Employees 34 
Part-Time Employees
Number of Branch Offices
Total Assets 93,543,982 

Compare Northwoods Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Members Cooperative CU Sandstone 305 Lundorff Drive 55072 (320) 245-5251 No 3.85
Proctor CU west duluth branch 3924 Grand Ave 55807 (218) 628-2841 No 14.22
Hermantown CU Duluth Branch Office 2501 London Rd 55812 (218) 729-7733 No 15.73
Northern Pacific Duluth CU Northern Pacific Duluth Federal Credit Union 5721 Grand Ave 55807 (218) 722-2720 No 16.70
Share Advantage CU Share Advantage Credit Union Main Office 2502 Maple Grove Rd 55811 (218) 740-2221 No 17.14

Northwoods Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Northwoods Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.79 4.24 6.30 5.26 6.56
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 230 310 474 298 396
Rank Among All Minnesota Credit Unions 19 56 73 38 48

Northwoods Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.55 1.10 0.70
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 55 152 199
Rank Among All Minnesota Credit Unions N/A 17 3 10 18
Northwoods Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.7901,5503,096,686
All Other Unsecured Loans/Lines of Credit 12.5701,7747,205,300
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.460164101,425
New Vehicle Loans 4.2401723,819,737
Used Vehicle Loans 6.3001,68417,996,116
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.26023022,318,272
Total Other Real Estate Loans/Lines of Credit 6.5602627,654,375
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.2106216,756,759
TOTAL LOANS & LEASES 6,45768,948,670

Northwoods Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 344,733,0783411,900
    b. 15 Years or less 525,884,59372,230,000
    a. > 15 years 0000
    b. 15 Years or less 1089,390,81610845,700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1103,06400
Adjustable Rate > 1 yr 352,206,72100


Closed-End Fixed Rate 1674,403,25320672,000
Closed-End Adjustable Rate 6313,354143,000
Open-End Adjustable Rate 892,937,768345,000
Open-End Fixed Rate 0000
TOTALS 49229,972,647444,247,600


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Northwoods Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes