NORTHWOODS

Headquarters

1702 Avenue B
Cloquet, MN 55720
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.60% →
1-Year CD 1.31% 1.55% →
2-Year CD 1.81% 1.45% →
5-Year CD 2.07% 1.66% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Northwoods is an NCUA insured institution located in Cloquet, MN. It was founded in 1936 and has approximately $116.61 millions in assets.

NCUA Insured Yes
Charter Number # # 62847
Date Established 1936
Assets $116.61 million
Loans $97.64 million
Deposits $103.49 million
Capital $12.68 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Pine, Carlton or St. Louis County. Membership is also open to employees of Carlton County, City of Carlton, Carlton School District, Carlton Fire Department, City of Wrenshall, Cloquet Ford-Chrysler Center, Wrenshall Fire Department, Cloquet Terminal Railroad, Community Printing, Cloquet Transit/LCS Coaches, Esko School District, High Mark Construction, Jarden Home Brands, Inter-Faith Care Center, Potlatch, Ray Riihiluom Specialty Minerals, a Inc, RAM Mutual Insurance Company, RE/MAX Cloquet, Upper Lakes Foods, WKLK Radio Station, and members of the VFW of Carlton.

Deposit Rates - June 2, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $10 - Learn More
Money Market
0.40% $2,500 $24,999 Learn More
Money Market
0.60% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.40% $10,000 $24,999 Learn More
3 Mo CD
0.50% $100,000 - Learn More
6 Mo CD
0.45% $10,000 $24,999 Learn More
6 Mo CD
0.55% $100,000 - Learn More
12 Mo CD
1.11% $10,000 $24,999 Learn More
12 Mo CD
1.31% $100,000 - Learn More
24 Mo CD
1.61% $10,000 $24,999 Learn More
24 Mo CD
1.81% $100,000 - Learn More
36 Mo CD
1.66% $10,000 $24,999 Learn More
36 Mo CD
1.86% $100,000 - Learn More
60 Mo CD
1.81% $10,000 $24,999 Learn More
60 Mo CD
2.07% $100,000 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.45% $10 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.46% $1,000 $9,999 Learn MoreShow Less

Loan Rates - June 2, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NORTHWOODS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More
First Internet Bank
NMLS ID: 424182
3.176% 3.125% 0.63 $1,615 $1,071 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to NORTHWOODS
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Northwoods branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Northwoods Locations


Financial Details

Northwoods Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northwoods. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Northwoods U.S. Average
4.77% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, Northwoods had $566,248 in non-current loans and $73,483 in owned assets. To cover these potential losses it had $12,681,028 in net worth and $728,527 in loans loss reserves. That gives it a Texas Ratio of 4.77%.

Net Worth
Northwoods U.S. Average
10.87% 13.86%

Northwoods FCU has a net worth of 10.87% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Northwoods

Branches and Savings

What is Northwoods?

A federal credit union, registered with the NCUA under certificate #62847.
Learn more about credit unions here.

Is Northwoods FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Northwoods?

Please see Field of Membership information above for information on who is eligible to join.

What are Northwoods's share account and share certificate rates?

Northwoods's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Northwoods?

Northwoods has total capital of $12.68 million. Full information on Northwoods's financial position is located above.

Who owns Northwoods?

Credit Unions are owned by their members.

Where are Northwoods branches located?

See branch locations nearby.

Are Northwoods ATMs Open 24/7?

Do Northwoods ATMs accept cash deposits?

Can Northwoods customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Northwoods have a mobile app?

Does Northwoods have mobile deposit?

Does Northwoods have quick pay?

How can Northwoods transfer money to other banks or credit unions?

Does Northwoods report to credit bureaus?

Does Northwoods use Chexsystems?

Does Northwoods use Equifax?

What is Northwoods's toll free phone number?

What is Northwoods's ACH Routing Number?

What is Northwoods's SWIFT code?

Where can I find Northwoods's wire transfer form?

What is the Northwoods address for deposits?

What Products Does Northwoods Offer

Does Northwoods offer mortgages?

Compare mortgage rates here.

Does Northwoods offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northwoods offer auto and RV loans?

Compare auto loan rates here.

Does Northwoods offer student loans or personal loans?

Compare personal loan rates here.

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