In This Issue
Northwoods Investing & Insurance Services with Ed Grondahl
Edward Grondahl
How can you save $1 million for retirement?  

Debit Cards that have no activity for 6 months or more will be closed to protect from any possible fraud.
eStatements are free, safe, easy and convenient!

How do I sign up?
1. Log in to online banking from our website.
2. Click the eStatements tab at the top of the page
3. Enroll!
4. Next time statements go out, you'll get an email letting you know your eStatements are available within Online Banking!

October 1, 2017 Issue 85
A printed version of this newsletter will be available in our lobby.
Are you tired of being upside down on your car loan??  We can help you break that cycle within 36 months and for a payment of up to 40% less than a traditional auto loan!!
Do you owe more on your car than what the car is worth?  If so, you are upside down on your car, but you're not alone. According to a 2015 article, "In 2015, 30 percent of car sales that had a trade-in were ones in which the owner still owed money on the vehicle. The average amount of negative equity: $4,502."
The good news is, we have a great new auto loan product that just may be the perfect fit for you!
How would you like a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing? Sound too good to be true?
Our new Wise Choice Auto Financing gives you the best of both worlds. Like a lease, Wise Choice payments are considerably lower than conventional financing. Yet, unlike leasing, you own the vehicle and have all of the flexibility and benefits that come with vehicle ownership!
Drive a newer car with lower maintenance costs, a safer car with 4-wheel drive, or a larger car to accommodate your family!
All new and up to five-year old cars, vans and light trucks qualify for the Wise Choice Auto Financing. Vehicles can be financed for up to 72 months!
Other benefits include:
  • YOU Own the Vehicle
  • No Application Fees
  • No Security Deposit
  • No Up Front First or Last Payment
  • Many options at the end of term - Sell, Trade, Refinance, Pay in Full or Return Vehicle at Loan Maturity and simply "Walk-away"
  • No Early Payoff Penalty
  • 100% Financing with NO MONEY DOWN - even the taxes and registration fees can be included in the payment plan.
  • Mileage Options of 12,000 to 18,000* per Year Available
  • 24 to 72 Month Terms Available
  • Drive a newer car with lower maintenance costs
  • Get more car for your money! Drive a better car and have a lower payment than a conventional loan. 
If you'd like more information about how to get out from your upside down car loan, please call one of our loan officers at 218-879-4181. We would love to help.
Wise Choice Auto Financing is subject to credit approval. Valid toward vehicles that are 5 years old or newer. Subject to mileage restrictions. This is a balloon lending program and various terms and rates are available. Contact us for complete details.
$10,000 in Scholarship Money Available 
In a partnership with the MNFIC, Northwoods Credit Union is pleased to offer a scholarship program exclusively to credit union members to help further their pursuit of education.
For the 2017-2018 school year, $20,000 in scholarships will be awarded to college students in traditional (high school seniors entering college) and non-traditional categories.
This is the Council's 20th year as a committee and in celebration, they are offering $20,000 in scholarships!
  • For Traditional Students:
    • 1 Scholarship @ $3,000
    • 1 Scholarship @ $2,000
    • 5 Scholarships @ $1,000
  • For Non-Traditional Students
    • 1 Scholarship @ $3,000
    • 1 Scholarship @ $2,000
    • 5 Scholarships @ $1,000 
Visit to complete and submit your application!
2017 Essay Question: "What is your best-ever consumer experience? Where was it (anywhere)? What made it so great?
Funds for the MNFIC's scholarship program are raised each year during the committee's silent auction, which is held during the Minnesota Credit Union Network's Annual Meeting & Convention.
Contact Northwoods Credit Union Marketing Manager Kate Mason at 
Contact FIC Chair Bridget Peterson  (651) 215-3500.

Annual Bake Sale
Our annual Bake Sale will be held on Thursday and Friday, November 2nd and 3rd at both offices during our regular hours. Stop by and pick up some homemade treats on your way to the hunting shack!

All proceeds will be donated to the Children's Miracle Network and our local Children's Hospital.

Days to Remember
Monday, October 9th
We are closed in observance of Columbus Day.

Thursday, October 19th

International Credit Union Day. Please join us for refreshments at both offices. 

Thursday, November 2nd & Friday, November 3rd
Our Annual Bake Sale! Sample our employees best recipes! All proceeds go to the Children's Miracle Network!  

Saturday, November 11th
Veteran's Day
We will be open regular hours.

Thursday, November 23rd
We are closed for Thanksgiving.

Friday, November 24th
To allow our employees to spend the holiday weekend with friends and families, our Avenue B office will be closed but the Stanley office will be open regular hours.

Friday, December 1st
Join us for our Holiday Open House!

Monday, December 25th 
We are closed for Christmas. 

Monday, January 1st 
We are closed for the New Year.
Click here for our

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Around Town
Minnesota Credit Union Awareness
Have you seen these ads around lately? They're everywhere; on tv, the internet, even at your local gas pump tv! Credit Union's around Minnesota have partnered up to help spread the word about Credit Union Membership!
Moose Lake Office Construction Update
As often happens with Minnesota construction, our new office opening date is being pushed back to late winter/early spring. We were able to get digging again last week and are looking forward to seeing continuous progress!  
Partner Spotlight
Northwoods Credit Union partners with LSS to provide our members with access to their Financial Choice program.  Financial Choice can give you up to six sessions of financial counseling, provided free and confidentially by LSS Financial Counseling.

LSS Financial Counseling Celebrates 30 Years!

Since 1987, LSS Financial Counseling has been providing nonprofit budget, credit and debt counseling, That means for 30 years LSS counselors have been helping individuals and families stabilize and improve their finances and conquer their debt.

These are the services our counselors provide:

During a financial counseling session, counselors create with you a realistic budget. They'll provide individualized action plans with concrete steps to take to achieve your financial goals, whether you want to improve your credit, buy a home, navigate student loans, or pay off credit cards.

Debt Management Plans.
is where you make one monthly payment to LSS and we disburse your money to creditors monthly so that your debt is paid off in full and helps improve your credit. DMPs help people pay off their debt faster and save money due to lower interest rates and a shorter payoff period.

We also want to normalize that needing financial counseling is okay because everyone needs help at some point. What's done is done and we'll help you focus on the present and future. Plus, we all can't be experts in every aspect of our lives. Your counselor is your unbiased resource to help you achieve your financial goal!

Scam Awareness

There are more scams out there than ever before, like the Equifax data breach. That's why our counselors are always on the look out for fraud and want to help you avoid it as well. For helpful personal finance tips and scams to avoid, sign up to receive our blog posts or follow us on Facebook or Twitter.

Financial Education

The more people - of all ages - that have personal finance knowledge, the better. Our counselors provide education about improving credit, senior fraud prevention, money teamwork for couples, retirement, how to become debt-free, living more and spending less, and much more. For more information about the financial education we provide in our Minnesota communities, visit our website at

LSS Financial Counseling: Trusted. Local. Nonprofit.

When we started providing services in 1987, the average household had just under $2,000 in credit card debt. College was  more affordable: about $7,000/year for private school and about $1,500/year for public universities. Flash forward to 2017 where the average American family owes $8,377 in credit card debt and college tuition....well let's just say it's much, MUCH more expensive.  Student loan debt is soaring, too. indicates that 68% of graduates in 2015 had an average student debt load of $30,100.

This is why the free service LSS provides is more important than ever. We help people every day to take back control of their finances, conquer their debt, with the ultimate goal of financial stability.

Call today for your free session at 888.577.2227 or click here to get started online. Our counselors are here to help you ditch stress about money so you can take back your life again!

©2017 Personal Finance Blog  LSS
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1702 Avenue B - Cloquet, MN 55720
902 Stanley Avenue - Cloquet, MN 55720