Charter 62847 · Cloquet, MN
Northwoods Credit Union
Northwoods Credit Union is a state-chartered credit union in Cloquet, Minnesota, with $175 million in assets and 11,740 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.93%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $175 million
- -0.6% in a year
- Members
- 11,740
- -2.2% in a year
- Net worth ratio
- 9.93%
- Peer median 11.65%
- Loans 60+ days late
- 0.49%
- Peer median 0.70%
- Loans outstanding
- $132 million
- -2.0% in a year
- Shares and deposits
- $155 million
- -2.9% in a year
- Branches
- 5
- 59 employees
- Opened
- 1936
- Minnesota charter
How Northwoods Credit Union compares
NCUA groups credit unions by size; Northwoods Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 9.93% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.49%, is lower than the group median of 0.70%. Loans fell 2.0% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 32 of 80 credit unions headquartered in Minnesota. See all Minnesota credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $175 million | 11,740 | $132 million | 9.93% | 0.49% |
| Q1 2026 | $178 million | 11,728 | $132 million | 9.35% | 0.36% |
| Q4 2025 | $174 million | 11,783 | $137 million | 9.32% | 0.55% |
| Q3 2025 | $175 million | 11,903 | $133 million | 9.18% | 0.44% |
| Q2 2025 | $176 million | 11,998 | $135 million | 8.78% | 0.49% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 402,878 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 5 sites for Northwoods Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- 1702 Avenue B (main office)
1702 Avenue B, Cloquet, MN 55720 - 902 Stanley Avenue
902 Stanley Ave, Cloquet, MN 55720 - Moose Lake Branch
90 Arrowhead Ln, Moose Lake, MN 55767 - Floodwood Branch
224 Highway 2 W, Floodwood, MN 55736 - 1201 Tall Pine Ln
1201 Tall Pine Ln, Cloquet, MN 55720
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology