Northwoods Credit Union is a federally insured state-chartered credit union headquartered in Cloquet, Minnesota, in business for about 90 years. At the end of Q2 2026 it reported $175.2M in total assets and $154.7M in member shares and deposits, with 1 office.
Northwoods Credit Union has a TellerScore of 71 out of 100 (strong) based on Q2 2026 data — higher than 54% of its 1,341 credit unions with $100 million – $1 billion. Among 80 credit unions headquartered in Minnesota, it ranks 43rd. Problem-loan coverage contributes the most (93/100, 3.7%); capital cushion contributes the least (49/100, 9.93%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 6 points (65 → 71), mostly because the earnings component improved by 14 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 56 |
| Q3 2024 | 59 |
| Q4 2024 | 63 |
| Q1 2025 | 67 |
| Q2 2025 | 65 |
| Q3 2025 | 68 |
| Q4 2025 | 65 |
| Q1 2026 | 68 |
| Q2 2026 | 71 |
Show as table
| Quarter | Net worth ratio |
|---|---|
| Q2 2024 | 7.73% |
| Q3 2024 | 7.99% |
| Q4 2024 | 8.29% |
| Q1 2025 | 8.42% |
| Q2 2025 | 8.78% |
| Q3 2025 | 9.18% |
| Q4 2025 | 9.32% |
| Q1 2026 | 9.35% |
| Q2 2026 | 9.93% |
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| Quarter | Delinquent loans (60+ days) |
|---|---|
| Q2 2024 | 0.42% |
| Q3 2024 | 0.43% |
| Q4 2024 | 0.30% |
| Q1 2025 | 0.29% |
| Q2 2025 | 0.49% |
| Q3 2025 | 0.44% |
| Q4 2025 | 0.55% |
| Q1 2026 | 0.36% |
| Q2 2026 | 0.49% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.27% |
| Q3 2024 | 0.56% |
| Q4 2024 | 0.69% |
| Q1 2025 | 1.10% |
| Q2 2025 | 1.01% |
| Q3 2025 | 1.12% |
| Q4 2025 | 0.94% |
| Q1 2026 | 0.95% |
| Q2 2026 | 1.35% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 71 | $175.2M | 9.93% | 0.49% | 1.35% | 85.2% |
| Q1 2026 | 68 | $178.0M | 9.35% | 0.36% | 0.95% | 82.7% |
| Q4 2025 | 65 | $174.0M | 9.32% | 0.55% | 0.94% | 87.8% |
| Q3 2025 | 68 | $174.9M | 9.18% | 0.44% | 1.12% | 84.7% |
| Q2 2025 | 65 | $176.3M | 8.78% | 0.49% | 1.01% | 84.4% |
| Q1 2025 | 67 | $179.1M | 8.42% | 0.29% | 1.10% | 83.1% |
| Q4 2024 | 63 | $175.9M | 8.29% | 0.30% | 0.69% | 86.3% |
| Q3 2024 | 59 | $176.4M | 7.99% | 0.43% | 0.56% | 87.6% |
| Q2 2024 | 56 | $175.9M | 7.73% | 0.42% | 0.27% | 85.0% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Associated Healthcare Credit UnionCredit union Woodbury, MN | 76 out of 100, Strong | $175.8M | 13.3% | 0.62% | vs |
| Heartland Credit UnionCredit union Inver Grove Hei, MN | 60 out of 100, Moderate | $172.0M | 10.1% | 0.83% | vs |
| South Metro Federal Credit UnionCredit union Prior Lake, MN | 51 out of 100, Below average | $184.8M | 8.1% | 0.50% | vs |
| Minnesota Power Employees Credit UnionCredit union Duluth, MN | 72 out of 100, Strong | $161.9M | 14.7% | 1.92% | vs |
| Harbor Pointe Credit UnionCredit union Duluth, MN | 73 out of 100, Strong | $158.5M | 13.6% | 1.31% | vs |
| Leading Edge Credit UnionCredit union Worthington, MN | 54 out of 100, Below average | $143.2M | 8.9% | 0.96% | vs |
Deposit insurance
Is my money safe at Northwoods Credit Union?
Yes. Northwoods Credit Union is a federally insured credit union (NCUA charter #62847). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 1.5% of shares and deposits ($2.3M) are above the $250,000 NCUA insurance limit, below the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 9.93%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.
1 location
Branches
Northwoods Credit Union lists 1 office in 1 city. Most locations:
- Cloquet, MN (1)
Identity & history
Profile
- Legal name
- Northwoods Credit Union
- Type
- Federally insured state-chartered credit union
- NCUA charter #
- 62847
- RSSD ID
- 762791
- Primary regulator
- State + NCUA
- Established
- 1936
- Headquarters
- 1702 Avenue B, Cloquet, MN 55720
- Employees
- 59
Quick answers
Northwoods Credit Union: common questions
Is Northwoods Credit Union NCUA insured?
Yes. Northwoods Credit Union is a federally insured credit union (NCUA charter #62847). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Northwoods Credit Union's TellerScore?
71 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Northwoods Credit Union have?
1 office as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Cloquet
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The First National Bank of Moose LakeBank Moose Lake, MN | 94 out of 100, Very strong | $133.7M | 16.0% | 0.10% | vs |
| Duluth Police Department Employees Credit UnionCredit union Duluth, MN | 91 out of 100, Very strong | $7.8M | 22.8% | 0.41% | vs |
| Centricity Credit UnionCredit union Hermantown, MN | 85 out of 100, Very strong | $340.5M | 14.0% | 0.79% | vs |
| Cornerstone State BankBank Montgomery, MN | 74 out of 100, Strong | $247.0M | 10.6% | 0.80% | vs |
| North Shore Federal Credit UnionCredit union Silver Bay, MN | 74 out of 100, Strong | $284.8M | 12.8% | 0.33% | vs |
| Northview BankBank Sandstone, MN | 74 out of 100, Strong | $469.7M | 10.8% | 0.46% | vs |