April 2018, Issue 87
Northwoods Credit Union Newsletter
www.northwoodscu.org
In This Issue
Northwoods Investing & Insurance Services with Ed Grondahl
Join Our Mailing List
Snowbirds,
Please remember to change your address when you come back to MN. Welcome Home!
 
Debit Card Users,
In an effort to efficiently monitor our debit card portfolio we will perform quarterly maintenance on it. If you don't use or have never activated your debit card and want to keep it open please notify Nitasha by calling 218-878-3942 or emailing her here.

Safe Deposit Box Holders,
Your account will be debited on June 15th for your yearly renewal. Please contact Cindy at 218-878-3958 or
email her here if you have any questions. 
Mobile Info
Important Dates

Sunday, April 1st
    Floodwood Area Credit Union Merger Date. See details below.

Monday, April 9th-13th
    Youth Week!  See deta ils below

Saturday, April 21st 
    Moose Lake Community Business Expo 9am-1pm

Friday, April 27th
    Moose Lake Office GRAND OPENING!

Saturday, May 5th
    Shred Event at our Stanley Avenue Office 9am-Noon.  See details below.

Monday, May 28th  
    Closed in observance of Memorial Day

Friday, June 1st
    Northwoods Credit Union New Fee Schedule will take effect.  Click here to see our Fee Schedule on our website or  here to view the PDF.

Wednesday, July 4th
    Closed in observance of Independence Day   
    Look for us in the Moose Lake Parade!

Saturday, July 21st
    Official sponsor of the Moose Lake Triathlon
 
Sunday, July 29th 
    Look for us at the Carlton Daze Parade!
Barb Brown to Retire in Early 2019 & Earns Credit Union Builders Award

Our President and CEO, Barb Brown, is retiring in early 2019.  Barb started here in 1987 when we were still Northwest Paper Employees Credit Union in a small office at the mill.  At the time she was hired, her mom, Mardelle Proulx, was President until she retired less than a year later.  From there, Barb has seen the credit union through many big changes including new buildings, Credit Union name changes and position changes
to accept the role as Northwoods Credit Union CEO in 2003.  

In her 15 years as CEO, Barb has grown the credit union from just over 5000 Members and $36 Million in Assets to today having more than 8500 members and more than $90 Million in Assets.  We are lucky to have Barb through the end of 2018.


Credit Union Builders Award
The Credit Union Builders Award honors remarkable individuals.   The name of the recipient is permanently displayed in the lobby of the Minnesota Credit Union Network and is  a tribute to those who have dedicated time and energy to help build the credit union movement.
 
During her time as CEO, Barb has helped us grow to the strong and welcoming credit union it is today.
There have been many hurdles over the years and has stepped up to make them a positive change.
She has been an integral part of the success of the credit union. She is a very dedicated person not only to the credit union, but to the whole community.
As you know Barb will be retiring in Jan. We will miss HER and her smile/ Congratulations Barb on the award.

-Debbie Larson,
Board Chairperson

11th Annual Shred Event!
Saturday, May 5th at our 902 Stanley Avenue Office 9am-Noon
Youth Week

This is one of our favorite weeks of the year!  Visit Northwoods Credit Union during the week of April 9-13, 2018  and help us celebrate Northwoods Credit Union Youth Week™.  

We will show youth & teens how to learn the Science of Saving here at the credit union. 

Join us for food, fun and prizes! And remember, membership is open to all members of your family .
 
Here's how you can join in on the fun!
  • Click here to print our coloring page and enter our Coloring Contest!*  Open to ages 12 and younger and drawing must be in by 5:00 pm on Friday, April 13th.
  • New Account Gifts for New YOUTH Accounts (ages 17 and younger)
  • Stop by for Treats
  • Get your picture taken and show the Science of Saving!!

*No purchase needed to enter.  Entries must be received by 5:00pm on Friday, April 13th.  Winners will be announced the week of April 16th. No purchase necessary to enter. 

For a complete list of Coloring Contest or Sweepstakes rules, please contact one of our offices.
IMPORTANT NOTICE REGARDING YOUTH ACCOUNTS!
New Youth Club Starting the week of Youth Week!

Introducing our NEW, IMPROVED Youth Accounts for kids 12 and younger!  Starting in April, we will offer a new youth kids club!  The purpose of the kids club is to help teach our youngsters to learn to save.  Our old program based this on how much money they saved and we want to focus more on the act of saving.  So, rather than reward for each $1 saved, we're going to reward for each time kids deposit $5 or more in to their savings.  Points will be earned and accrued differently as well.  Stop in during 2018 to convert your points from our old program to our new program to assure you don't lose any points!  Each child will receive their own booklet so they can begin to keep track of their new stamps themselves.
 
Here's how it works:
Each visit with a deposit of $5 or more will earn the kids club member a stamp.  Once they have 10 stamps, they can turn in their book for a prize!  If they wish to keep saving, they can continue to earn stamps until they reach 20 stamps, then turn in their booklets for a 20 stamp prize and receive a new booklet.
 
With the new system there are no limits on how many prizes can be earned per calendar year.  We will still have select gift cards available as prizes.
 
Here's how your current points will convert to the new club stamp system:
0-75 points = 5 stamps
76- 125 points = 10 stamps
126- 275 points = 15 stamps
276+ points = 20 stamps
 
For a full list of rules or if you have any questions, please contact us at 218-878-3944 or 218-878-3954 or via email at marketing@northwoodscu.org.


Northwoods Credit Union, Moose Lake Branch is NOW OPEN!

Thank you to all those that have stopped in to see our new office at 90 Arrowhead Lane!  If you haven't yet, please stop in for a tour.  We can't thank the community enough for the warm welcome to the neighborhood.  We are proud to be part of such a great community!  Please be sure to stop and visit during our Grand Opening Celebration on Friday, April 27th for food, fun and prizes!

LOCAL CREDIT UNIONS MERGE
Floodwood Area Credit Union members vote to merge with Northwoods Credit Union.

Floodwood, MN, - On the evening of Thursday, March 22nd Floodwood Area Credit Union members voted in favor to merge with Northwoods Credit Union of Cloquet, MN. The merger will take place on April 1, 2018, creating a combined financial institution with more than $110 million in assets. The merger required prior approval from the MN Department of Commerce as well as NCUA.

"Our Board and Management started looking for potential merger partners and after much research, chose Northwoods Credit Union as they have very similar core values," said Patrick Babinski, Floodwood Area Credit Union CEO and President.

This merger will provide the Floodwood area members with products and services they were not able to get before such as Online Bill Pay, Mobile Deposit, additional mortgage products and many more products as well as longer hours. The Floodwood office will be open 8:00am-5:00pm Monday through Friday, opening at 9:00am on Wednesdays and will still be open 8:00am-Noon on Saturdays. All employees of Floodwood will remain and Pat will continue to manage the Floodwood office.

"We couldn't be happier that Floodwood chose us as a merger partner. It is increasingly more difficult for smaller credit unions to compete with the rising technology costs as well as regulations. Combining our resources through this partnership brings value to both credit unions, staff and our members." said Barb Brown, Northwoods Credit Union CEO and President.

Northwoods Credit Union has 8,500 members and is $91 million in assets. Floodwood Area Credit Union has 1,800 members and is $19 million in assets. Northwoods Credit Union currently has two offices in Cloquet and opened their Moose Lake office on Monday, March 19th. The combined credit union will serve everyone who lives, works, worships, attends school or volunteers in Carlton County, Pine County, St Louis County as well as the following townships, and cities or towns incorporated therein: Floodwood; Alborn; Arrowhead; Halden; Fine Lakes; Prairie Lake; Unorganized 52-21; Unorganized 52-22; Ball Bluff; Feeley; Saginaw; Wawina; Goodland; Cedar Valley; Van Buren; Ness; Meadowlands; Payne; Elmer; Toivola; Kelsey; Culver; and Stoney Brook.


















Northwoods Credit Union advocates for members in Washington, D.C.

Northwoods Credit Union advocates for members in Washington, D.C.
 
WASHINGTON, D.C. - Barb Brown, CEO and Sue Langenbrunner, Exec. VP of Northwoods Credit Union visited Capitol Hill in Washington, D.C., February 25 through March 1, as part of the Credit Union National Association's (CUNA) annual Governmental Affairs Conference.
 
During the conference, Barb and Sue along with thousands of other credit union professionals, volunteers, board members and Minnesota Credit Union Network (MnCUN) staff members - discussed several top credit union issues with key legislative staff members.
 
During their visits on Capitol Hill, the group sat down with U.S. Senators Tina Smith and Amy Klobuchar, as well as each of the members of the U.S. House. Meetings focused on common sense regulatory reform, preserving the credit union tax status, protecting credit union members from merchant data breaches, and removing barriers to member service.
 
In individual meetings with legislative staff on Feb. 28, Barb Brown and others from District 8 met with Congressman Rick Nolan. The group thanked Congressman Rick Nolan for his support over the years and discussed the fact that District 8 has the most credit union members in Minnesota with the number now at 292,239.
 
"Congressman Nolan was very welcoming and was truly interested in hearing about the current credit union issues" Brown said. "We appreciate the opportunity to build a solid working relationship with our elected officials."