Northwoods Credit Union
Quick Summary
- HSA savings account
The Verdict
Northwoods Credit Union provides essential HSA features with a monthly fee of $1.00 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
We're proud to say that our members have done a great job of telling others how much they like Northwoods Credit Union! We've had many requests to open accounts from people who didn't meet our eligibility requirements. With all of these requests, we decided it was time to apply with the State of Minnesota to open to counties within our area. We applied for and received approval to offer membership to those who live, work, go to school or attend church in Carlton, Pine and St. Louis Counties. We were approved because of our strong financial performance and our history of providing members with exceptional products and services as well as having a comprehensive plan to continue serving our members well.
Key Features
Banking & Access
Includes debit card and online banking.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. $25.00 opening fee.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $1.00 | $0.69 | ABOVE AVG |
| Account Opening | $25.00 | $1.88 | ABOVE AVG |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Northwoods Credit Union currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.25% |
Last updated: 08-12-2024
Contact Information
Address
1702 Avenue B Cloquet, MN 55720 Customer Service Mailing Address 1702 Avenue B. Cloquet, MN 55720
Customer Service
1-888-458-0975
1702 Avenue B Cloquet, MN 55720 Customer Service Mailing Address 1702 Avenue B. Cloquet, MN 55720
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.00
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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