See what's new at Northwoods Credit Union!

Quarterly Newsletter for July 1, 2018
Dates to Remember

Wednesday, July 4th We are closed in observance of Independence Day
                                Join us at the Moose Lake 4th of July Parade at 10am
Sunday, July 15th Join at the Floodwood Catfish Days Parade at noon
Sunday, July 29th  We hope to see you at the Carlton Daze Parade
Thursday-Saturday, August 16-19th We'll be at the Carlton County Fair
Sunday, August 26th Join us at the South St Louis Fair Parade in Floodwood at 1pm
Monday, September 3rd We are closed in observance of Labor Day
Member Account Verification
We are conducting a verification of member accounts and would appreciate your assistance. Please compare the balances shown on your most recent statement with the corresponding balances shown by your records. If the balances do not agree with your records, please report any differences immediately to:
Mr. Nick Siltanen, Chairman
Supervisory Committee
PO Box 613
Cloquet, MN 55720
Thank you in advance for your assistance.
Important Notice Stamp

Please be sure to include the following information:
Member Name                                                                
Member Telephone                                                          
Share Balance                                                 
Loan Balance                                     
Please describe the correction here                                                                                          
Thank you for taking the time to review your records.
Nick Siltanen
Supervisory Committee Chairman
Northwoods Credit Union

Board of Directors Announce New CEO

Northwoods Credit Union's Board of Directors announced that they have selected Doug Wolf to succeed Barb Brown as the President and CEO, effective January 1, 2019. Wolf will start at the Credit Union on September 10th and will work side by side with Brown until her retirement in early January after a 31 year career with Northwoods. Wolf has extensive experience in the Credit Union industry having served in the roles of Chief Financial Officer, Executive Vice President and President/CEO.

"The Board of Directors is excited to have Doug Wolf joining our leadership team. Doug is truly passionate about Credit Unions and we look forward to his sharing that passion with us, the staff, and our members, " said Debbie Larson, Board Chairperson.

Doug Wolf said that "Northwoods Credit Union is an outstanding local institution that shares my focus and passion for its members and the communities it serves. Under the leadership of the current CEO, Barb Brown, the credit union is in a good place and has that focus on the community that I was looking for. I look forward to continuing this focus and the tradition of outstanding member service. I am excited for the opportunity to lead Northwoods Credit Union, and to become a part of the Cloquet community."

Barb Brown stated, "I am extremely thankful for the opportunity to work for this member-driven organization for 31 years and to lead it for the last 15 years. We have built a great credit union whose culture is focused on serving our members and creating a thriving work environment for our staff. I was fortunate to have a strong team of managers and staff, and the benefit of excellent leadership from our Board and Supervisory Committee over the years. I am proud of our accomplishments and I am very confident in Doug Wolf and his ability and drive to continue Northwoods Credit Unions success." 
Established in 1936, Northwoods Credit Union (NCU) is the original credit union of the Cloquet paper mill. Since then it has grown to over $111 million in assets and serves over 10,000 members. NCU is a cooperative, not-for-profit, local organization providing low cost financial services to anyone who lives, works, worships, volunteers or attends school in Carlton, Pine or St Louis County. NCU has office locations in Cloquet, Floodwood and Moose Lake. It is the goal of NCU to serve all members well, including those of modest means. Every member counts and our members are fiercely loyal for this reason. They know their credit union will be there for them in hard times, as well as good.


Looking for low monthly payments on your next vehicle but want to  avoid the drawbacks of leasing? Try Wise Choice Auto Financing!

The Wise Choice Auto Financing program  is the answer for you! Like a lease, Wise Choice Auto Financing  offers monthly payments which are  considerably lower than conventional financing with  no money down! Yet unlike leasing, with Wise Choice Auto Financing  you own the vehicle.   With Wise Choice Auto Financing, current-year and preowned  vehicles up to five-years-old qualify. All  eligible vehicles can be financed up to 72 months.

Discover the advantages of Wise Choice Auto Financing for yourself!
  • No first or last payment or money due at signing
  • Vehicle upgrade potential
  • Vehicle ownership
  • 40% lower monthly payments than traditional auto loans
  • No capitalization fees
  • No application or acquisition fees
  • No early payoff penalty
  • Mileage options of 12,000, 15,000 or 18,000 per year available.
  • Since the title is in YOUR name you have more options prior to loan maturity and at loan maturity; including the ability to turn your vehicle in and walk away at the end of the loan term.
To find out more about Wise Choice Auto Financing:
Call 218-879-4181
Stop by Northwoods Credit Union today
Accounts Converting Wednesday, August 1st

ACH may not post to your account on Tuesday, July 31st or Wednesday, August 1st. This will impact direct deposits, payroll deposits and vendor withdrawals trying to go through your account. If you expect an ACH to come through on those dates, please be aware they will process on Thursday, August 2nd.

For the most current updates, please subscribe to our email notices at, Subject: Floodwood Updates or by visiting your website by clicking here.

Apply Online 24/7!

Whether you're car shopping on the weekend or looking to get preapproved one evening, visit our online loan application.  Fill out your application and submit.  The next business day one of our loan officers will look over your application and contact you.

Fraud Alert!

NEVER give your Online Banking log in info to anyone.
If you notice any suspicious activity on your Online Banking, email us at or contact our Member Service team at 218-879-4181 for assistance.
Debit Card Users,

Debit Cards that have no activity for 6 months or more will be closed to protect from any possible fraud.  Please call us at 218-879-4181 if you have any questions.
New Mobile Check Deposit Rules

Starting July 1st, all checks deposited via mobile deposit will need to be endorsed with a signature and "NCU Mobile Deposit."  If either of those is missing, your check will be rejected. Please call Paula or Nitasha with any questions at 879-4181 .

Edward Grondahl
Northwoods Retirement & Investment Services with Ed Grondahl

Please click below for the article, "How to Retire Happy."

Edward Grondahl
Financial Services Representative
Located at: Northwoods Credit Union, Cloquet MN
Telephone 218-878-3922

UPDATED Teen Accounts

NCU members age 13-17 are invited to submit an article on a financial topic to be considered for print in our newsletter, on our website and on social media. NCU will award teens $100 for published articles. You can read a full list of rules by clicking here.

Financial Education classes for teens coming this fall.  If you are interested or are a parent of a teen, please complete our survey at 
NEW Youth Club!

We've revamped our Youth Club based on your suggestions!! Young members can now earn stamps for each visit to the credit union, with a $5 or larger deposit. Once they've deposited on more than 10 visits, they can redeem their booklet for a gift card. If they wait until they earn 20 stamps, they can redeem their booklet for a bigger gift card! For more details, please visit our Youth Club page or email us at
Are you taking advantage of all the benefits that come with your Northwoods Credit Union Visa Credit Card?

The Northwoods Credit Union Visa Credit Card offers some great rates, no annual fees and local service, but did you know it also comes along with  FREE Cell Phone Protection,  Roadside Dispatch Program AND  Travel Accident Insurance?  Your card is already carrying these benefits!  Click below for more information to be sure you're covered on your next purchase!


If you have any questions on how any of the above products work, please call us at 218-879-4181 or email us at  Please don't include any personal information in your email.
Northwoods Credit Union | 219-879-4181 | |