January 2019, Issue 90
Northwoods Credit Union Newsletter
In This Issue
Northwoods Retirement & Investing Services with Ed Grondahl
Join Our Mailing List
Debit Card Users:
Debit cards that have no activity for 6 months or more will be closed to protect from any possible fraud.

Please remember to change your address when you get back to Minnesota. Enjoy the warmth!
Credit Union Rates
We are looking forward to an exciting 2019 and thank all of you for your continued support!
82nd Annual Meeting
Tuesday, February 19th 2019 at the Cloquet Senior High Cafeteria

5:45pm Seminar. Subject to be announced.

7:00pm Annual Meeting
Refreshments will be served. All members in attendance will receive a gift as well as a chance to win one of our many prize drawings.
Board & Supervisory Committee Elections 
The Committee nominated the following to serve on the Board of Directors for terms expiring in 2019.
   Incumbents include; Lisa Follett Pollak & Jeffrey Kletscher - 3 year terms.
The Committee nominated the following to serve on the Supervisory Committee for terms expiring in 2019.
   Incumbent is; Larry Champeaux - 3 year term.  

If you are interested in learning more about becoming a Board Member or a member of the Supervisory Committee, please contact our Board Chair, Deb Larson at debbiel@northwoodscu.org. The application is available on our website at www.northwoodscu.org;  search Board.

If you are interested in running for a Board or Supervisory position at our next Annual Meeting, please have your application in prior to February 1, 2019.
Important Dates
Monday, January 1st
    Closed in observance of the New Year's holiday

Monday, January 21st  
    Closed in observance of Martin Luther King Jr Day

Thursday, January 24th
    NCU employees will work concessions at the Girls CEC Varsity Hockey Game vs Grand Rapids at Northwoods Credit Union Arena. 
Thursday, January 31st
    NCU employees will work concessions at the Boys CEC Varsity Hockey Game vs Hermantown at Northwoods Credit Union Arena. 

Monday, February 18th
    Closed in observance of President's Day
Tuesday, February 19th 
    82nd Annual Meeting   

Friday & Saturday, March 15th & 16th
    Join us at the Cloquet Home & Business Expo at the Black Bear Otter Creek Event Center
Here's what we were up to over the holidays!

This is our favorite time of year to volunteer! You may have seen some of our smiley faces during an evening the week of December 17th at L&M ringing the Salvation Army bell!  

There are so many great organizations to support in our area! We would like to thank all of the folks who work hard all year long to make these programs available to our community!

We held a friendly competition between offices last month to see which office had the most holiday spirit.  We posted photos on Facebook and asked our members to vote - our Stanley Ave office was the big winner!  See photos below.

Need some help with your Holiday Debt?

Contact one of our Loan Officers today!

8:30am - 5:00pm in person or by phone at 1-888-458-0975

Apply Online here.

Subject to credit approval. Membership Eligibility Required. Federally Insured by NCUA.   
IMPORTANT Message for Floodwood members!!

Please let your tax preparer know that your routing number and account number have changed since last year! 

Tax Statements

Those members signed up for eStatements will also receive their year end tax statement from us via email. If you have any questions, please don't hesitate to contact us.
Deposit your checks....through your phone!!

 Mobile Deposit

Are you often too busy to make it to the credit union during business hours? With our free mobile banking and mobile deposit services you can take care of your important tasks anywhere you go, as well as deposit a check with your mobile phone or tablet.  
      • Download our App
      • Login using your online banking credentials
      • Tap the 3 lines in the top left corner and then select Check Deposit
      • Follow the prompts and your check will be deposited within 2 business days
Please note that checks are not immediately available within your account.  Please check times below or the most updated information at 

Monday - Friday:
If you submit a check prior to 11:00am, your deposit will go in your account at approximately 12:30pm the same day.

If you submit your check between 11:00am and 3:00pm, your deposit will go in your account at approximately 4:30pm the same day.

**Friday afternoon: Any check submitted after 3:00pm on a Friday, will be deposited in your account on the following Monday at approximately 12:30pm UNLESS that Monday is a Federal Reserve Holiday. If that Monday is a Federal Reserve Holiday, your check will be deposited at approximately 12:30pm that Tuesday.

Please feel free to call us with any questions at 218-879-4181.

Protect your credit and avoid identity theft

These resources can help you monitor your credit and avoid identity theft.

Opt Out 888-567-8688

Click here for more information
Teen Club Financial Article Contest

Northwoods Credit Union members age 13-17 are invited to submit an article on a financial topic to be considered for publication in our quarterly newsletter, website and on Facebook.  We will then award 1 teen, $100 for their submission.*  Submit your article or ask any questions now at marketing@northwoodscu.org.

Open to Northwoods Credit Union members age 13-17.

Article must be your original work, not copied from another source and must be authored solely by the teen.
Must be 250-500 words in length.
Must explore a financial topic suitable for publication in our quarterly newsletter, website and our Facebook page.
If applicable, must cite sources used.

A parent or guardian's contact info must be provided. We will contact this adult.
Permission must be provided to us to make changes or edits prior to publication.
By submitting an article for consideration, both the parent/guardian and the teen are providing permission for NCU to publish the article in print and electronic publications.
NCU will request a photo of the teen if their article is chosen for publication. By accepting the prize, both the parent or guardian and the teen are giving permission to NCU to use the teen's name and photograph in connection to the published article.

This quarter's winning submission is by Casey Marciniak and talks about 'Money in Our Daily Life.'

Money is essential to modern life. We use it to buy food, to pay bills and taxes, pay loans, and buy vehicles and homes. We also use money to buy fun things to keep us happy. We obtain money by selling goods and doing jobs. Once we make it most people save it in a bank or credit union. People also get loans, checking accounts, and saving accounts at banks and credit unions. Some people are not educated financially and have crushing debt. Earlier this fall I had attended a Teen Club financial class at Northwoods Credit Union. I learned many things like the difference between a bank and a credit union. A bank is for profit and its extra funds goes to its shareholders. Credit Unions are not for profit and their extra funds go back to the people that have accounts. I also learned how money affects our daily life, and many more interesting financial topics. It was helpful to learn about saving and money management. We voted to see what we are going to do in the class. It would be cool to learn about home and car loans, certificates of deposits (CDs), interest, saving accounts and checking accounts. There could be so many topics I could learn about. I will put what I learned to help me better manage my money. I know I will be at the next Teen Club financial class and I encourage anyone interested to go to the next session. It was very interesting and good learning experience for me.

Casey Marciniak
NCU Around Town

NCU makes donation for a new scoreboard at Carlton High School

Northwoods Credit Union donation keeps the ice on at the Carlton Four Seasons
Northwoods Credit Union donated $4,500 this week to help the Carlton Amateur Hockey Association fix a leak in the cooling system of their refrigerated rink at the Carlton Four Seasons. Earlier this fall, the refrigeration system began to fail at the facility.  When the Carlton Area Hockey Association started putting in the ice, they located a leak in the brine system which circulates refrigerant throughout the floor.  This leak led to other necessary repairs and delayed any ice rental for more than 2 weeks, resulting in a loss of income to the Arena.  President of the Carlton Amateur Hockey Association, Tory Cawcutt, reached out to Northwoods Credit Union to see if they would be willing to help with repair costs.  He stated that, "The hockey board has been proactive the last few years with preparing for setbacks like this, however these unexpected repairs have caused some heartache. The board requested assistance from Northwoods Credit Union."
Doug Wolf, Northwoods Credit Union President, immediately brought the request to the credit union's Senior Management Team and together they quickly approved the donation.  "Northwoods Credit Union is proud to support our area youth sports and it's important to us to support our community.  The Carlton Four Seasons is integral to many area community hockey programs and the building is also utilized by a wide variety of Carlton organizations.  It's a great facility and we're proud to help out."
Repairs have been completed and everything is running well. 

Thank you for helping us raise more than $1,600 for the Children's Miracle Network!
Every year the employees and volunteers of Northwoods Credit Union bring their favorite baked treats for a sale benefitting the local children's clinic.  The proceeds of this annual bake sale are donated to the Children's Miracle Network which support local Gillette Children's Hospitals and Clinics.  Every day the Children's Miracle Network treats over 16,000 kids with trauma, 935 kids with diabetes, more than 2,100 kids with cancer, performs more than 2,300 surgeries on children and takes care of more than 900 babies in NICU.
Gillette Children's Specialty Healthcare is recognized as a world leader in providing healthcare for children with disabilities. Gillette also operates six specialty clinics and a mobile outreach clinic that travels throughout Minnesota with one of their specialty clinics here in Duluth.
This year's treats included fresh pies, homemade wild rice or cranberry bread, candied pecans, every type of cookie and bar and so much more.  A few of our member's even brought in their home baked goods to help us raise money!  This year, Northwoods Credit Union staff and volunteers are proud to say they've raised more than $1,600 from the bake sale and their annual employee silent auction!  We appreciate our employees, volunteers and members support in keeping this event successful each year - Thank You!

Northwoods Credit Union and their members raise more than $4,100 for area food shelves!

Northwoods Credit Union ran a two month long promotion that gave members cash back for taking out a new loan.  We offered to match up to $50 for every member that wanted to donate part of their 1% cash back to their local food shelf.  At the time of this article (12-21-2018) more than $4,300 was raised! 

We are proud to be a part of this community and excited to be able to give back.