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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 63rd largest credit union in the state of Michigan. It is also the 1,089th largest credit union in the nation. It was established in 1958 and as of March of 2022, it had grown to 64 employees and 23,297 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.
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Health
A

Data as of Q1 2022

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Health Grade Components

Overall
NCUA #62325
Year Chartered1958
Employees64
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD8.16%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$260.4MM$248.2MM
LoansQ1 2022vs Q1 2021$139.9MM$126.7MM
DepositsQ1 2022vs Q1 2021$232.7MM$218.9MM
Equity CapitalQ1 2022vs Q1 2021$26.0MM$27.8MM
Loan Loss AllowanceQ1 2022vs Q1 2021$522.00K$547.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$389.00K$258.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.07%--Variable IRA Share
0.05%$5-Shares

Soo Co-op Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Money Market Shares
OTHER TIERS: 0.05% → Up to $10k | 0.07% → $10k - $100k

Soo Co-op Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*-$3kSuperior Checking
OTHER TIERS: 0.03% → $3k+
0.03%--Share Draft (Checking)

Soo Co-op Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-60 Month Share Certificate
0.30%$100-36 Month Share Certificate
0.25%$100-24 Month Share Certificate
0.15%$500-12 Month Share Certificate
0.10%$5k-183 Day Share Certificate
0.07%$5k-91 Day Share Certificate

Soo Co-op Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-60 Month IRA Certificate
0.30%$100-36 Month IRA Certificate
0.25%$100-24 Month IRA Certificate
0.15%$500-12 Month IRA Certificate
0.10%$5k-183 Day IRA Certificate
0.07%$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 Office90 Beach StCedarville, MI 49719
Branch Office6946 S M-221Brimley, MI 49715
Branch Office12214 W Lakeshore DrBrimley, MI 49715

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