A Message from Doug Wolf, CEO
A Look Back
As I write this, 2024 is coming to a close and as always, I take time to step back, review our experiences in 2024, and start looking at what 2025 and the future may bring to our financial cooperative.
All in all, this past year has been a good one for Northwoods. Despite a significant expense in January 2024 as we transitioned to comply with the State of Minnesota’s Sick and Safe Time Law, we are ending the year with good financial performance.
We completed the “rebranding” of our debit card program to Mastercard, which required reissuing all of our member’s debit cards. This change went well, and our debit card program has improved features such as tap-to-pay and digital wallet compatibility.
We also introduced new services, our Student Loan Marketplace and Trulync Medicare Advisers.
Our Student Loan Marketplace gives members (and their parents) a means to easily shop for private student loan funding that will be best for you. This Marketplace is also an excellent place to go if you’re interested in consolidating/refinancing existing student loans that you might have.
For more information, click below.
Trulync Medicare Advisors give our members who are on Medicare, or are about to sign up for Medicare, a trusted person to talk to who can guide you through this tricky process of signing up and selecting a provider and plan that is the best for your situation. TruLync Medicare Advisors are like an independent insurance agency, that can shop multiple providers to find the plan that best serves your needs.
Trulync is a credit union organization that, like Northwoods, only cares about getting you the right plan. If you already have a Medicare broker, you can use TruLync Medicare Advisors at no cost to you, and with no sales pressure, as a way to be reassured you have a good plan for your situation.
For more information, click below.
A Look Ahead
Surprisingly, we have no major projects planned for 2025, but, that doesn’t mean we won’t keep things moving forward. Perhaps our biggest challenge in 2025 will be our changing economy and unsure interest rates. We have successfully managed through these types of uncertainty in the past and I am confident we will be successful in this one.
Thank You
The change of the calendar year also always makes us think of what we are thankful for. Here at Northwoods Credit Union, our Board of Directors, our Supervisory Committee, and our Management and Staff, are thankful for your support of your credit union.
We continue to live our Mission, Vision, and Values every day. So, please spread the word about our great services and our culture of focusing on our members and our values of Servant Mentality, Progressive Thinking, Integrity, Compassion, and Empathy.
We wish you a successful, happy, and healthy 2025.
- Doug Wolf, President/CEO
*Not all applicants will qualify. Membership eligibility required. NCU is insured by NCUA.