Soo Co-op Credit Union

Overview / Commentary

www.soocoop.com

906-632-5300

4489 I 75 Business Spur
Sault Sainte Marie, MI 49783

Soo Co-op Credit Union is headquartered in Sault Sainte Marie and is the 63^rd largest credit union in the state of Michigan. It is also the 1,086^th largest credit union in the nation. It was established in 1958 and as of December of 2020, it had grown to 67 employees and 22,783 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.
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Health

A+

Data as of Q4 2020

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Health Grade Components

Overall
NCUA #	62325
Year Chartered	1958
Employees	67
Primary Regulator

Profit Margin
Return on Assets - YTD	0.97%
Return on Equity - YTD	7.74%
Annual Interest Income	$7.4MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$229.1MM$183.9MM
Loans	Q4 2020vs Q4 2019	$124.3MM$123.8MM
Deposits	Q4 2020vs Q4 2019	$199.0MM$156.9MM
Equity Capital	Q4 2020vs Q4 2019	$28.4MM$25.7MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$565.00K$763.00K
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$349.00K$988.00K
Real Estate Owned	Q4 2020vs Q4 2019	$48.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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
0.10%	-	-	Variable IRA Share
0.05%	$5	-	Shares

Soo Co-op Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$100k^*	-	Money Market Shares
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $100k \| 0.15% → $25k - $100k

Soo Co-op Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	-	-	Share Draft (Checking)

Soo Co-op Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$100	-	60 Month Share Certificate
0.50%	$100	-	36 Month Share Certificate
0.40%	$100	-	24 Month Share Certificate
0.20%	$500	-	12 Month Share Certificate
0.15%	$5k	-	183 Day Share Certificate
0.10%	$5k	-	91 Day Share Certificate

Soo Co-op Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$100	-	60 Month IRA Certificate
0.50%	$100	-	36 Month IRA Certificate
0.40%	$100	-	24 Month IRA Certificate
0.20%	$500	-	12 Month IRA Certificate
0.15%	$5k	-	183 Day IRA Certificate
0.10%	$5k	-	91 Day IRA Certificate

Locations

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

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