Northwoods Credit Union is Coming to Hinckley!
Northwoods Credit Union is excited to expand into the Hinckley community. Since 1936, we’ve helped families across northern Minnesota with better loan rates, local service, and a people-first approach to banking.
We’re currently preparing our newest credit union branch location and look forward to serving the Hinckley later this year.
Why We're Coming to Hinckley
Hinckley is a strong & proud community, and we’re excited to become a part of it.
At Northwoods Credit Union, our mission is simple — help members succeed financially. Expanding into Hinckley allows us to bring our cooperative, member-focused approach to even more Minnesota families, workers, and businesses in the region.
We believe local communities deserve a financial partner that puts people first, not profits.
You will be able to find our new branch at the following address:
501 Old Hwy 61 S
Hinckley, Minnesota
The Credit Union Difference
Credit unions operate differently from traditional banks.
Because we are member-owned and not-for-profit, our focus is on providing better value to our members rather than maximizing profits.
That often means:
• Lower loan rates
• Fewer fees
• Local lending decisions
• Personalized service
At Northwoods Credit Union, our philosophy is simple:
People helping people.
Products & Services We'll Offer
Members in the Hinckley area will have access to a full range of financial services, including:
• Auto Loans & Refinancing
• Recreational Vehicle Loans
• Mortgages & Home Loans
• Personal Loans
• Checking & Savings Accounts
• Credit Cards
• Online & Mobile Banking
• Youth & Teen Clubs that help young members build smart financial habits early
Whether you’re buying your first vehicle, refinancing a loan, saving for the future, or helping your kids learn about money, our local team is here to help.
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Leadership Rooted in Community
“My goal as CEO is to establish Northwoods as a model for how credit unions serve rural communities. Technology is important — and we’ll continue to innovate — but it’s our human connections that truly set us apart.”
Our People. Our Values.
At Northwoods Credit Union, our values aren’t just words on a wall — they guide everything we do.
Since 1936, NCU has helped members across northern Minnesota achieve their financial goals through trusted advice, fair rates, and personal service.
From Cloquet to Moose Lake to Floodwood, our team works every day to support the communities we serve.
As we prepare to open our Hinckley branch, our commitment remains the same:
People helping people.
We’re excited to become part of the Hinckley community and look forward to serving families, workers, and local businesses for years to come.
Hinckley Branch FAQ's
What is Northwoods Credit Union?
Northwoods Credit Union is a member-owned financial cooperative that has provided banking, lending, and financial services to people in our local communities since 1936. Instead of serving shareholders, we serve our members. That means our focus is on providing fair rates, helpful service, and financial guidance.
What is a credit union?
A credit union is similar to a bank in the services it offers—checking accounts, savings accounts, loans, and online banking, but it is owned by its members. Because credit unions are not-for-profit organizations, earnings are returned to members through competitive loan rates, lower fees, and better, personal service.
How is a credit union different from a bank?
The biggest difference is ownership. Banks are owned by shareholders, while credit unions are owned by their members. Credit unions focus on helping members improve their financial well-being rather than generating profits for outside investors.
Is my money safe at a credit union?
Yes. Deposits at Northwoods Credit Union are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per account holder, similar to FDIC insurance at banks.
Why is Northwoods Credit Union opening a branch in Hinckley, MN?
We are excited to expand our service area and build relationships in the Hinckley community. Northwoods Credit Union has a long history of serving northern Minnesota communities, and we look forward to providing local financial services and personalized support to residents and businesses in the area.
Do I have to live in Hinckley to become a member?
No. As long as you live, work, worship, volunteer, or attend school within our service area counties, you can join Northwoods Credit Union.
When will the Hinckley branch open?
The new branch is currently scheduled to open in fall 2026. We look forward to welcoming members from the community this year!
How can I stay updated about the opening?
You can sign up on our website to receive updates about the Hinckley branch opening, upcoming events, and new member opportunities sent directly to your email.