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Share Savings Account

Your first step to credit union membership

Open a Share Savings account with just $5 and become a member-owner of Northwoods Credit Union. Enjoy a safe place to save, plus access to all the products and services available to members.

Simple savings. Membership included.

A Share Savings account helps you build good saving habits while giving you access to all the benefits of Northwoods Credit Union membership.

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Your key to membership

A Share Savings account establishes your membership with Northwoods Credit Union and gives you access to all member products and services.

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Open with Just $5

Getting started is simple. Open your account with a minimum deposit of just $5.

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Just $5 to maintain

Maintain a minimum balance of only $5 to keep your membership active and your account in good standing.

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Free online banking

Check balances, transfer funds, pay bills, and manage your accounts anytime from your computer.

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Free mobile banking

Bank on the go with our mobile app and deposit checks from wherever you are.

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Free eStatements

Access your account statements securely online while reducing paper clutter and staying organized.

Compare our Share Savings Account with leading competitors.

Share rates

Rates effective as of: August 26, 2026

TIS Disclosures can be found here.

What our customers say

Just drove up from St Paul to deal with our mothers estate account. Had the joy of working g with Kate M as Krista ..who is also amazing..was with family for the holiday. I can not thank Northwoods Credit Union enough for taking care of my Mammas account ts for 30 plus years and making my brother and I feel sage and confident with these challenging estate processes. Happy happy member am I.
Dayna W.
Wonderful banking institution! I'd recommend Northwoods Credit Union to anyone! Tracy in Cloquet is simply amazing, not just because of her job, but who she is as a person and now someone I consider a friend! Customer service from everyone I encounter, whether it be over the phone or in person (doesn't matter which branch I'm at either), is always outstanding! This world would be a much happier place if all businesses could treat customers as good as you all do. You know the importance of kindness and how even a little, can go a long way, to making someone's day. Please know you are all very much appreciated. Thank you!
Anna G.
We have been going through a very difficult time and the employees at NWCU have been great. A special thanks to Krystal Buscko who has had to do an enormous amount of account maintenance and has been extremely helpful. Her customer service skills are exemplary! Krystal always goes above and beyond and I am so grateful. Andrea in the call center has also been wonderful to work with and very helpful!
Lisa

Frequently asked questions

Find answers to common questions about our Share Savings accounts and services.

  • A Share Savings account establishes your ownership in Northwoods Credit Union and is required for membership. A minimum $5 deposit is all it takes to get started.

  • The $5 share balance represents your ownership in the credit union. If your balance falls below the required amount, your membership status may be affected. Contact us if you have questions about maintaining your account.

  • Yes. Once your Share Savings account is established, you may be eligible to open additional deposit accounts, apply for loans, and take advantage of other member services.

  • You may be eligible if you live, work, worship, volunteer, or attend school within Northwoods Credit Union’s field of membership. Certain family members of existing members and employees of participating organizations may also qualify. Visit our Membership Eligibility page or contact us to confirm your eligibility and get started.

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Start your membership with just $5

Open a Share Savings account and become a member-owner of Northwoods Credit Union. Enjoy a safe place to save and access the products, services, and local support you deserve.