Northwest Paper Employees Credit Union opened in a small trailer on mill property. We grew so fast, that same year we moved into a larger space inside the mill.
A new name
We changed our name to Potlatch Employees Credit Union.
We moved in to our newly constructed office on Avenue B.
A big expansion
The mill sold again, we changed our name to Northwoods Credit Union and expanded our membership group to include many area businesses.
We expanded our Avenue B office and opened in an office in Carlton at 199 Chestnut Ave.
The Carlton Office relocated to 902 Stanley Avenue, Cloquet.
Moose Lake expansion
Our Moose Lake Office opened at 90 Arrowhead Lane.
Merged with Floodwood Area Credit Union at 224 W. Hwy. 2.
Membership with Northwoods Credit Union
If you live, work, go to school, volunteer, or attend church in the following counties or townships, you are now eligible to open an account at Northwoods Credit Union!
- Carlton County
- Pine County
- St Louis County
- Townships: Feeley, Wawina, Goodland, Ball Bluff and Unorganized Township 52-22
In addition to above, you may join NCU if you live in the same household as a current member, including but not limited to, the spouse of a member, the blood or adoptive relatives of them and their spouses may be members. You may also join if you are employed by one of our Select Employer Groups, listed below.
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 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.
We continue to serve the employees of the following Select Employer Groups
We take great pride in providing service to you and your families and will continue to do so.
- Carlton County Employees
- Carlton School District
- Casino Pizza & Sub Shop
- City of Carlton/Carlton Fire Department
- City of Wrenshall / Wrenshall Fire Department
- Cloquet Terminal Railroad
- Cloquet Transit / LCS Coaches
- Community Printing
- Esko School District
- Inter-Faith Care Center
- RAM Mutual Insurance Company
- Ray Riihiluoma, Inc
- Re/Max of Cloquet
- Sappi North America
- Upper Lakes Foods
- WKLK Radio Station
- VFW of Carlton Members
The Credit Union Difference
Credit Unions are not for profit cooperatives owned by our members. We are in existence to serve our members, not a group of stockholders. Every one of our members has an equal vote in credit union elections, which are typically held at our Annual Meeting. Because we don’t have to pay a group of stockholders, we are able to pay our members a higher rate of return on their savings and charge less in interest and fees on loans and other financial products.