Our Story

In 1936 Northwoods Credit Union originally opened as the Northwest Paper Employees Credit Union in a small trailer on mill property. Later that same year we moved into a small office in the mill. We changed our name along with the mill in 1992 to Potlatch Employees Credit Union. We built an office and moved down the road to 1702 Avenue B in 1995. The mill sold to Sappi Fine Paper and we then changed our name to Northwoods Credit Union and began expanding our field of membership to include other Select Employee Groups in 2002.

In 2004 we opened the doors on our Cloquet Office expansion with a new teller line and lobby as well as reception desk, 4 new offices and new file room. That same year we also opened a branch in Carlton at 199 Chestnut Avenue, Suite 3 and hired 4 new employees. 2012 was another exciting year with many changes. Our Carlton Office was flooded and suffered an extensive amount of damages. We relocated that office in July to 902 Stanley Avenue.

In recent years we have applied and received approval through the State of Minnesota to become open to Carlton, Pine and St Louis Counties. If you live, work, go to school or attend church in Carlton, Pine or St Louis County you are now eligible to open an account at Northwoods Credit Union! We're proud to say that our members have done a great job of telling others how much they like Northwoods Credit Union! We've had many requests to open accounts from people who didn't meet our prior eligibility requirements. With all these requests, we decided it was time to apply with the State of Minnesota to open to the entire county. Only two of these requests with the State of Minnesota were approved in 2010 and we were one of them! We were approved because of our strong financials and our history of providing members with exceptional products and services as well as having a comprehensive plan to continue serving our members well.

We hope that you continue to tell your family, friends and coworkers about us and our new membership eligibility. We will continue to serve the employees of our Select Employer Groups (please see list below) and develop new services and products based on their needs. We take pride in providing personal service to you and your families and will continue to do so.

Northwoods Credit Union will always be a proud supporter of our Select Employee Groups:

  • Carlton County Employees
  • Carlton School District
  • Casino Pizza & Sub Shop
  • City of Carlton/Carlton Fire Department
  • City of Wrenshall/Wrenshall Fire Department
  • Cloquet Ford-Chrysler Center
  • Cloquet Terminal Railroad
  • Cloquet Transit/LCS Coaches
  • Community Printing
  • Esko School District
  • Inter-Faith Care Center
  • Potlatch
  • RAM Mutual Insurance Company
  • Ray Riihiluoma, Inc
  • Re/Max of Cloquet
  • Sappi Fine Paper
  • Upper Lakes Foods
  • WKLK Radio Station
  • VFW of Carlton Members

We take great pride in our history and look forward to the future. We have established a solid reputation as a trustworthy, dependable financial institution among our community members and we take great strides to ensure that reputation continues. We are proud to know that we are responsible for helping to make our members lives better by providing financial products and services relevant to their lives.