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 1,136th largest credit union in the nation. It was established in 1958 and as of June of 2019, it had grown to 60 employees and 22,358 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
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62325 |
| Year Chartered | 1958 |
| Employees | 60 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 10.16% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $181.1MM$178.3MM |
| Loans | Q2 2019vs Q2 2018 | $121.7MM$119.6MM |
| Deposits | Q2 2019vs Q2 2018 | $155.2MM$155.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $24.5MM$21.5MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $722.00K$546.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $695.00K$1.2MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $119.00K$139.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | Variable IRA Share | |
| 0.15% | $5 | - | Shares |
Soo Co-op Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $100k* | - | Money Market Shares | ||
| OTHER TIERS: 0.15% → Up to $10k | 0.25% → $10k - $100k | |||||
Soo Co-op Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Share Draft (Checking) |
Soo Co-op Credit Union CD Rates
Soo Co-op Credit Union IRA Rates
| 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 | 7960 North M-123 | Paradise, MI 49768 |
| 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 |