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Advertiser Disclosure
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 Northwoods Credit Union Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 28, 2026
Northwoods Credit Union's 60 Month CD rates are at 2.22%, 60 Month CD rates are at 2.12%, 48 Month CD rates are at 2.02%, 60 Month CD rates are at 2.02%, 36 Month Roth IRA CD rates are at 1.97%. Northwoods Credit Union's savings rates are at 0.05%. Northwoods Credit Union's money market rates are at 0.05%. MonitorBankRates evaluates the financial stability of Northwoods Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 3.66%. Rates were last updated on 03/28/2026. Northwoods Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Northwoods Credit Union? Share your experience about Northwoods Credit Union by leaving a review below, or read customer reviews before you decide to use Northwoods Credit Union. 
Northwoods Credit Union CD Rates
Northwoods Credit Union Savings Rates
Northwoods Credit Union Money Market Rates
Northwoods Credit Union Checking Rates
Northwoods Credit Union Credit Card Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Northwoods Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Northwoods Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Northwoods Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Northwoods Credit Union
Website
https://www.northwoodscu.org
Address
1702 Avenue B,
Cloquet, MN 55720
Phone
218-879-4181
Fax
218-879-0965
President
Jeffrey Kletscher
CEO
Terry Burn
Full-Time Employees
53
Part-Time Employees
2
Branch Locations
4
ATM Locations
4
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (98/100)
Texas Ratio
3.66%
Return on Assets (ROA)
0.8369%
Return on Equity (ROE)
9.1208%
Non-Performing Loans Ratio (NPL)
0.44%
Total Assets
174,878,041
Total Amount of Shares and Deposits
157,180,031
Total Shares and Deposits < 1 Year
140,425,709
Total Shares and Deposits 1 3 Years
6,577,416
Total Shares and Deposits > 3 Years
10,176,906
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
2,754,006
Total Uninsured Shares and Deposits > $250K (F+J)
2,754,006
Total Insured Shares and Deposits > $250K (item 17 less item K)
154,426,025
Total Interest Expense (Sum of items 6 8)
1,141,210
Share Certificates
944
Number of Accounts for Share Drafts
9,499
IRA KEOGH Accounts
326
Number of Accounts for Regular Shares
12,814
All other shares
119
Money Market Shares
910
Net Income (unless the amount is already included in Undivided Earnings)
1,463,636
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
14,619,733
Total Liabilities
158,830,792
Source: NCUA — Last Updated 09/30/2025
Frequently Asked Questions About Northwoods Credit UnionIs Northwoods Credit Union a safe place to deposit money?Yes, Northwoods Credit Union is considered a safe financial institution. With a Texas Ratio of 3.6612381349601%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does Northwoods Credit Union operate?Northwoods Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Northwoods Credit Union?Yes, to access services at Northwoods Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Northwoods Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Northwoods Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Northwoods Credit Union offer online and mobile banking?Most modern institutions like Northwoods Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.northwoodscu.org. Current Northwoods Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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