Soo Co-op Credit Union


Overview / Commentary
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 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.

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
Employees63
Primary Regulator
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.94%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$256.2MM$250.4MM
LoansQ2 2022vs Q2 2021$146.9MM$134.8MM
DepositsQ2 2022vs Q2 2021$230.1MM$220.1MM
Equity CapitalQ2 2022vs Q2 2021$24.0MM$28.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$553.00K$585.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$448.00K$345.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Soo Co-op Credit Union are currently being reviewed.

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 Office90 Beach StCedarville, MI 49719
Branch Office6946 S M-221Brimley, MI 49715
Branch Office12214 W Lakeshore DrBrimley, MI 49715

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