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Financial News in Cloquet MN

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April 17, 2018:  Members Cooperative Credit Union shares its reasons for a possible move.  Speaking for MCCU, Lara Wilkinson said, "We have a lot of unused space in our current facility, and it isn't beneficial to our members to maintain a building that size, when the member service areas are a much smaller segment of the building footprint. The current building is also located in an area that we've been told isn't especially convenient for a lot of people. We are always keeping our eyes open for opportunities that make sense, and when the property became available on Highway 33, we knew it was a rare find. We purchased the land with the intention of building a facility that is smaller than the current one, and focused on the member service-side of things, rather than on housing back office staff."

She likened the potential new building to their newer locations in Sandstone, Aitkin, and Duluth- BlueStone, Duluth-Miller Hill.  She called them "innovative, striking facilities that operate in a smart-yet-friendly way."

"We are excited and hopeful that things will move forward. Cloquet is a community that's very dear to us, and we can't wait to share our new facility, once it's all done!" Lara added.


April 17, 2018:  The Cloquet City Council meets to discuss a purchase agreement for the Members Cooperative Credit Union at its May 1st meeting.  The property has been valued at $1,950.000.  The building would be the new location for the Cloquet Police Department and likely the City Hall.


April 16, 2018:  The Northland Watch contacted Members Cooperative Credit Union to see what their plans are if the City of Cloquet purchases their existing building on 14th Street.  Lara Wilkinson, MCCU, replied that "Some time ago, we purchased property out on the west side of Hwy 33, north of the Maurices/Dollar Tree development, to be used for future growth. If the building does sell, we would begin construction of a new location on the aforementioned property, but there would be no interruption to member service. We would continue to operate out of our current facility until construction is complete. The timeline for the new location is still undetermined, based on construction, sale date, and other factors. MCCU is always looking for opportunities to serve our members better, by becoming more convenient and efficient, and creating new opportunities for growth. We felt that a new location on Hwy 33 would provide that."