Credit union · NCUA insured
North Star Credit Union
Top CarrotA $112.7M credit union headquartered in Cook, MN, with 6,076 members and 5 branches in Minnesota. Best rates: CDs 1.00% and savings 0.10% APY.
North Star Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 86% of U.S. banks and credit unions
#3 of 29 in Duluth, MN-WI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About North Star Credit Union
North Star Credit Union opened in 1939 as Northern Farmer’s Co-op Credit Union, sponsored by the Northern Farmer’s Co-op Society.
The credit union provides financial services and education to meet community needs, with a focus on promoting community development and building thriving communities across Northern Minnesota.
- Headquarters
- 24 S River St, Cook, MN 55723
- NCUA charter
- 60689
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who reside, work, volunteer, attend class, or worship in the counties of St Louis, Itasca, Carlton, and Red Lake are eligible for membership.
Employers and groups
- Employees of BNSF Railroad are eligible for membership.
- Employees of North Star Credit Union are eligible for membership.
- Individuals who receive their electric power from Lake Country Power are eligible for membership.
Military, government and schools
- Individuals who live, work, volunteer, worship, or attend school in St. Louis County School District 2142 are eligible for membership.
Family and household
- Individuals who have a relative with an existing account with North Star Credit Union are eligible for membership.
Cost to join
- Opening a membership account represents a $10 share in the credit union.
Branches
5 branches in Minnesota
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Minnesota
5 branches
Duluth area · 4
- Main Office 24 S River StMain office24 S River St, Cook, MN 55723Directions
- North Star Credit Union North Woods Money Cave10248 E Olson Rd, Cook, MN 55723Directions
- Northern Pacific Duluth Branch4918 Grand Ave, Duluth, MN 55807Directions
- Mt. Iron8586 Rock Ridge Dr, Mountain Iron, MN 55768Directions
Grand Rapids area · 1
- Nashwauk Branch401 E Platt Ave, Nashwauk, MN 55769Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.38% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.00% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.08% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $86 | $76 | — |
- CapitalNet worth ratio9.38%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.00%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.08%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$86Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of North Star Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.