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Overview / Commentary
1100 Vanrooy Dr
Thief River Falls, MN 56701

Soo Select Credit Union is headquartered in Thief River Falls and is the 83rd largest credit union in the state of Minnesota. It is also the 3,935th largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 5 employees and 2,586 members at 1 location. Soo Select Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of CP Railroad, Townsend Pricing, Sanford Medical Center, Digi-Key, Sanford Clinic, Arctic Cat, Jim Dagg Insurance, or St. John's Lutheran Church and School.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Soo Select Credit Union has a low asset base.

Health Grade Components

NCUA #62670
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD6.1%
Annual Interest Income$247.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$13.2MM$14.0MM
LoansQ2 2016vs Q2 2015$7.1MM$7.7MM
DepositsQ2 2016vs Q2 2015$11.5MM$12.5MM
Equity CapitalQ2 2016vs Q2 2015$1.7MM$1.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$239.00K$252.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$34.00K$53.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Soo Select Credit Union CD Rates

1.00%$500-60 Month CD
0.80%$500-48 Month CD
0.50%$500-24 Month CD
0.40%$500-15 Month CD
0.30%$500-12 Month CD
0.10%$500-6 Month CD

Soo Select Credit Union IRA Rates

1.00%$500-60 Month IRA
0.80%$500-48 Month IRA
0.50%$500-24 Month IRA
0.40%$500-15 Month IRA
0.30%$500-12 Month IRA

Soo Select Credit Union Locations
Branch Office1100 Vanrooy DrThief River Falls, MN 56701