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Soo Co-op Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 61st largest credit union in the state of Michigan. It is also the 1,040th largest credit union in the nation. It was established in 1958 and as of December of 2024, it had grown to 66 employees and 23,583 members at 7 locations. Soo Co-op Credit Union's CD rates are 4X the national average, and it boasts 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

Reviews

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Health
A+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62325
Year Chartered1958
Employees66
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD10.66%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$290.6MM$259.3MM
LoansQ4 2024vs Q4 2023$169.9MM$166.7MM
DepositsQ4 2024vs Q4 2023$257.1MM$230MM
Equity CapitalQ4 2024vs Q4 2023$31.9MM$27.7MM
Loan Loss AllowanceQ4 2024vs Q4 2023$804K$617K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$406K$701K
Real Estate OwnedQ4 2024vs Q4 2023$119K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.20%
Our Rating
3.6  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.41%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
4.45%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/23/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-Shares

Soo Co-op Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Money Market Shares
OTHER TIERS: 0.15% → $0 - $10k | 0.50% → $10k - $50k | 0.75% → $50k - $100k

Soo Co-op Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$0$3kSuperior Checking
OTHER TIERS: 0.10% → $3k+
0.05%$0-Basic Checking

Soo Co-op Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$100-24 Month Share Certificate
3.75%$500-12 Month Share Certificate
3.50%$5k-183 Day Share Certificate
3.50%$100-60 Month Share Certificate
3.25%$5k-91 Day Share Certificate
3.25%$100-36 Month Share Certificate

Soo Co-op Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.80%$100-24 Month IRA Certificate
3.75%$500-12 Month IRA Certificate
3.50%$5k-183 Day IRA Certificate
3.50%$100-60 Month IRA Certificate
3.25%$5k-91 Day IRA Certificate
3.25%$100-36 Month IRA Certificate
1.00%$0-Variable IRA Share
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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