NORTHWOODS Credit Union Profile

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NORTHWOODS

Charter #62847 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (218) 879-4181

Fax: (218) 879-0965

Founding Date: N/A

Website: https://www.northwoodscu.org

Personnel & Operations

President: Kletscher, Jeffrey

Manager: Burn, Terry

FT Employees: 55

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 4

Hours: 8:30 a.m. - 5:00 p.m. Monday, Tuesday, T

Credit Union Profile Summary

NORTHWOODS is a FISCU Credit Union. With a total of 11,998 members [1], this institution manages approximately $176,288,190 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 8.78% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.94% [1].

Financial Snapshot

Total Assets [1]
$176,288,190

Total economic resources.

Total Loans [1]
$134,554,248

Total value of outstanding loans.

Total Deposits [1]
$159,345,461

Total funds deposited by members.

Members [1]
11,998

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.78%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.01%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
84.44%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 0.20%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -0.94%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 0.60%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1702 Avenue B

Cloquet, MN, 55720
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 4 branches reported by NORTHWOODS (Charter #62847).

Main Office

1702 Avenue B Main Office

Type: Corporate Office

1702 Avenue B

Cloquet, MN 55720

Phone: (218) 879-4181

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Cloquet

902 Stanley Avenue

Type: Branch Office

902 Stanley Ave

Cloquet, MN 55720

Phone: (218) 879-1100

Services: Member Services, ATM, Drive-Thru

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Floodwood

Floodwood Branch

Type: Branch Office

224 Highway 2 W

Floodwood, MN 55736-4538

Phone: (218) 879-4181

Services: Member Services, ATM, Drive-Thru

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Moose Lake

Moose Lake Branch

Type: Branch Office

90 Arrowhead Ln

Moose Lake, MN 55767-9453

Phone: (218) 485-5707

Services: Member Services, ATM, Drive-Thru

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