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 1,099th largest credit union in the nation. It was established in 1958 and as of June of 2022, it had grown to 63 employees and 23,264 members at 7 locations. Soo Co-op Credit Union has an A health rating.
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
|Return on Assets - YTD||0.74%|
|Return on Equity - YTD||7.94%|
|Annual Interest Income||$3.8MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$256.2MM$250.4MM|
|Loans||Q2 2022vs Q2 2021||$146.9MM$134.8MM|
|Deposits||Q2 2022vs Q2 2021||$230.1MM$220.1MM|
|Equity Capital||Q2 2022vs Q2 2021||$24.0MM$28.4MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$553.00K$585.00K|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$448.00K$345.00K|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Soo Co-op Credit Union are currently being reviewed.
|Soo Co-op Credit Union Locations|
|Branch Office||4489 I 75 Business Spur||Sault Sainte Marie, MI 49783|
|Branch Office||2186 Shunk Rd||Sault Sainte Marie, MI 49783|
|Branch Office||4932 W Curtis St||Kincheloe, MI 49788|
|Branch Office||536 Bingham Ave||Sault Sainte Marie, MI 49783|
|Branch Office||90 Beach St||Cedarville, MI 49719|
|Branch Office||6946 S M-221||Brimley, MI 49715|
|Branch Office||12214 W Lakeshore Dr||Brimley, MI 49715|