Northwoods
Northwoods is a credit union based in Cloquet, Minnesota, established in 1936, with $178 million in total assets serving 11,728 members. By Trust Grade it ranks 59th of 81 credit unions we track in Minnesota. Its net worth ratio of 9.3% trails most similarly sized credit unions (20th percentile), versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 0.95% return on assets. No consumer complaints against Northwoods appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Northwoods compares to Minnesota peers
How we graded Northwoods
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.3% capital ratio)
- Profitable (ROA 0.95%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Northwoods over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Northwoods insured?
Yes. Northwoods is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Northwoods: frequently asked questions
Is Northwoods a good credit union?
Northwoods earns a Bankzia Trust Grade of B (88/100, "Strong"), based on a financial-strength score of 88/100 (it has no CFPB complaints on record). Well-capitalized (9.3% capital ratio); Profitable (ROA 0.95%).
Is Northwoods NCUA-insured?
Yes. Northwoods is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Northwoods?
Northwoods holds $178 million in total assets, ranking 59th of 81 credit unions we track in Minnesota. It serves 11,728 members.
Does Northwoods have CFPB complaints?
No CFPB complaints against Northwoods appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
