CLOQUET, Minn.–Northwoods Credit Union has named a new president and CEO to succeed the retiring Doug Wolf.

The $179-million CU has selected Terry Burn to lead the organization. Burn had previously served as SVP-chief lending officer at Northwoods, which he joined in 2016, and prior to that as SVP-chief lending officer with Members Cooperative Credit Union and before that Lake State CU.

“The board has made an excellent choice in naming Terry Burn to succeed me,” said Wolf in a statement “Terry is the right person to lead the credit union forward and maintain our tradition of continual improvement, all while protecting Northwoods’ values. With Terry at the helm, the future for Northwoods is bright and limitless.”

Goal to be a ‘Model’

A native of Duluth, Minn. and a resident of Moose Lake for 33 years, Burn said in a statement, “My goal as CEO is to establish Northwoods as a model for how credit unions serve rural communities. Technology is important — and we’ll continue to innovate — but it’s our human connections that truly set us apart.”

Added Wolf, “Northwoods Credit Union has been a wonderful place to finish my nearly 43-year credit union career. I am confident that with our talented team and Terry’s leadership, the credit union will continue to thrive.”