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Northwoods Credit Union Freedom Line of Credit (LOC)

Put your mind at ease by applying for a Northwoods Credit Union LOC today & know that whatever expense comes at you, you’ll be ready.

A Northwoods Credit Union Freedom LOC is a personal loan that puts YOU in control of your finances. Similar to a credit card (without the high interest rates or some crazy fees) this Freedom LOC is a revolving loan that allows you to pay it off when you don’t need it, use it when you do and all with never having to contact a loan officer after the initial set-up!


You’ll love this loan for

·Financial Emergencies

·School Expenses

·Home Improvements

·Unexpected Expenses & Repairs

·Pay off high interest rate credit cards

·Anything else you need!


Your Freedom LOC makes things easy with

·Competitive Annual Percentage Rates.

·No Annual Fees. No application fees.

·Easy access to your checking with your Northwoods Credit Union debit card.

·No collateral required.

·Fast access to your money.

·Free online banking, eStatements, bill pay and account alerts.  You can set up your account alerts to email you when you’ve access your LOC, or when it reaches a certain balance.

·LOC is ready to use when you are and you won’t pay a penny until the funds are disbursed

·Low payments based on balance.  Minimum monthly payments are only 3% of your outstanding balance or $50, whichever is greater.  You can pay more at anytime.  Monthly payments are due the 25th of each month.

·Payments are easy to make with mobile app transfers, mobile deposit, online banking       transfers, telephone transfers, mail a check or stop in!

·Credit Life and Disability Insurance available



How to APPLY for a Freedom LOC

·Apply online

·Apply by phone, 24 hours a day, 7 days a week.


·Apply at our office

        1702 Avenue B, Cloquet

        902 Stanley Avenue, Cloquet



Applying for a loan is easy!