News & Announcements

1% Cash Back Loans!


Refinance your loans or take out a new loan & get 1% CASH BACK!*

Available on select loans

Up to $500 Cash Back!

No payment for up to 45 days!

Hurry! Limited time offer!

Bring your consumer loan over from the bank it's at or take out a brand new loan and get up to 1% or $500 Cash Back! Use your cash back for the holidays or anything you want! Contact us with any questions at, message us securely on our website, call us at 1-888-458-0975 or stop in any of our 4 locations.

Donate part of your cash from this promo to your local food shelf and Northwoods Credit Union will MATCH up to $50!

*Minimum of $5,000 loan balance. All loans are subject to credit approval.  This offer only available to new Northwoods Credit Union (NCU) loans and can not be combined with any other special offer. This offer only valid for loans applied for and disbursed between 11/1/18 and 12/31/18.  Cash back amount can not exceed $500.00 per loan and is subject to all applicable taxes, which are the responsibility of the member who may receive a 1099-MISC form. 1% Cash back will be deposited to the member's savings account at the time of loan disbursement.  This offer does not apply to home loans, Wise Choice loans, credit cards, student loans. NCU reserves the right to end or change this promotion at any time and without notice. Membership Eligibility Required. Federally Insured by NCUA.

Barb Brown's Retirement Open House

Northwoods Credit Union President and CEO, Barb Brown, has announced her plan to retire in early 2019 after 31 years. For more than two decades, Barb has led NCU through tremendous growth and transformation. Barb started in 1987 when the credit union was still the original-named Northwest Paper Employees Credit Union in a small office at the paper mill. Barb worked in the teller line, as a loan officer and back office operations before accepting the role of Northwoods Credit Union CEO in 2003. Barb has led the credit union through many big changes including new buildings, Credit Union name change and huge growth. 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 10000 members and more than $110 Million in assets. Barb is a staunch Credit Union advocate and has been honored by the Minnesota Credit Union Network in the past few years with both the Outstanding Professional of the Year award in 2014 as well as the Credit Union Builder Award in 2018. Barb will leave the credit union a safe and sound foundation to enable continued success.

Please join us for refreshments and cake as we wish Barb the best on her retirement. Barb's retirement open house will be held on Thursday, December 6th from 1:00 – 4:00pm and will be held at Northwoods Credit Union, 1702 Avenue B, Cloquet.

You can view the event page on Facebook here.

$12,000 in Scholarships


Credit unions are local, not-for-profit financial institutions. We are focused on providing members with the tools to succeed. That is why we are partnering with the Minnesota Credit Union Foundation Scholarship Council to offer $12,000 in scholarships to you, our members. A total of 10 applicants will receive funds in the form of two $2,000 and eight $1,000 scholarships. Scholarship applicants must be one of the following type of students:

• traditional: current high school or PSEO student graduating in 2019

• non-traditional: post high school student or those returning to post-secondary after some time off.

Applications are being accepted through November 30th, 2018. More information and an online application available online at

Northwoods Credit Union Board of Directors Announces New CEO

July 1st, 2018

Northwoods Credit Union's Board of Directors announce today 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 stated 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 continueNorthwoods Credit Union's 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.

Floodwood Area Credit Union to merge with Northwoods Credit Union

Floodwood, MN, April 2, 2018– 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 –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.

Early 2019, Barb Brown to Retire

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.