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.
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
Overall | |
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NCUA # | 62325 |
Year Chartered | 1958 |
Employees | 64 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.82% |
Return on Equity - YTD | 8.16% |
Annual Interest Income | $1.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2022vs Q1 2021 | $260.4MM$248.2MM |
Loans | Q1 2022vs Q1 2021 | $139.9MM$126.7MM |
Deposits | Q1 2022vs Q1 2021 | $232.7MM$218.9MM |
Equity Capital | Q1 2022vs Q1 2021 | $26.0MM$27.8MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $522.00K$547.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $389.00K$258.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.07% | - | - | Variable IRA Share | |
0.05% | $5 | - | Shares |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $25k* | - | Money Market Shares | ||
OTHER TIERS: 0.05% → Up to $10k | 0.07% → $10k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | - | $3k | Superior Checking | ||
OTHER TIERS: 0.03% → $3k+ | |||||
0.03% | - | - | Share Draft (Checking) |
Soo Co-op Credit Union Locations | ||
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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 |