Overview / Commentary
906-632-5300
536 Bingham Ave
Sault Sainte Marie, MI 49783

Soo Co-op Credit Union is headquartered in Sault Sainte Marie and is the 66th largest credit union in the state of Michigan. It is also the 1,137th largest credit union in the nation. It was established in 1958 and as of June of 2018, it had grown to 60 employees and 22,301 members at 8 locations. Soo Co-op Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, own real estate, work, worship or educated in the State of Michigan and immediate family.
See current membership details

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Health

Health Grade Components

Overall
NCUA #62325
Year Chartered1958
Employees60
Primary Regulator
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD10.82%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$178.3MM$171.9MM
LoansQ2 2018vs Q2 2017$119.6MM$115.2MM
DepositsQ2 2018vs Q2 2017$155.6MM$150.4MM
Equity CapitalQ2 2018vs Q2 2017$21.5MM$19.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$546.00K$558.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.2MM$399.00K
Real Estate OwnedQ2 2018vs Q2 2017$139.00K$103.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Soo Co-op Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Soo Co-op Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Variable IRA Share
0.10%$5-Shares

Soo Co-op Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Shares
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $100k

Soo Co-op Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Draft (Checking)

Soo Co-op Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$100-60 Month Share Certificate
1.35%$100-36 Month Share Certificate
1.25%$100-24 Month Share Certificate
0.45%$500-12 Month Share Certificate
0.35%$5k-183 Day Share Certificate
0.25%$5k-91 Day Share Certificate

Soo Co-op Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$100-60 Month IRA Certificate
1.35%$100-36 Month IRA Certificate
1.25%$100-24 Month IRA Certificate
0.45%$500-12 Month IRA Certificate
0.35%$5k-183 Day IRA Certificate
0.25%$5k-91 Day IRA Certificate
Locations


Soo Co-op Credit Union Locations
Branch Office4489 I 75 Business SpurSault Sainte Marie, MI 49783
Branch Office2186 Shunk RdSault Sainte Marie, MI 49783
Branch Office4932 W Curtis StKincheloe, MI 49788
Branch Office536 Bingham AveSault Sainte Marie, MI 49783
Branch Office7960 North M-123Paradise, MI 49768
Branch Office90 Beach StCedarville, MI 49719
Branch Office6946 S M-221Brimley, MI 49715
Branch Office12214 W Lakeshore DrBrimley, MI 49715

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