Soo Co-op Credit Union

  • +1

A short history of Soo Co-op CU

Since its inception in 1958 the Soo Co-op Credit Union has been serving its members in the SAULT SAINTE MA, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lynda Ellis, the Soo Co-op CU has grown its membership to over 22,148 with assets of more than $171,856,326. They have a main office and 7 branch offices. Please see the credit unions website or contact them by phone at (906) 632-5300 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SAULT SAINTE MA, MI.

General Information For Soo Co-op CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62325
State Michigan 
Zip-Code 49783
Phone Number (906) 632-5300
Fax Number (906) 632-6631
Email Address:
CEO/President Lynda Ellis
Members 22,148 
Full-Time Employees 55 
Part-Time Employees 26 
Number of Branch Offices
Total Assets 171,856,326 

Compare Soo Co-op Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Chippewa County CU Chippewa County Credit Union 402 W Spruce St 49783 (906) 632-3134 No 8.87
Federal Employees Of Chippewa Cnty CU Corporate 119 E Water St 49783 (906) 632-4210 No 8.90

Soo Co-op Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Soo Co-op Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.95 2.50 4.00 5.00 5.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 154 84 203 268 229
Rank Among All Michigan Credit Unions 23 18 53 78 49

Soo Co-op Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.15 0.50 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 124 263 266
Rank Among All Michigan Credit Unions 15 16 28 59 58
Soo Co-op Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9502,7865,910,272
All Other Unsecured Loans/Lines of Credit 14.0003,9298,380,511
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.50073113,476,156
Used Vehicle Loans 4.0003,36333,249,931
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.00050429,152,731
Total Other Real Estate Loans/Lines of Credit 5.0003419,042,987
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 14.0001,41615,997,730
TOTAL LOANS & LEASES 13,070115,210,318

Soo Co-op Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 2138,78700
    b. 15 Years or less 1177,082,47911824,200
    a. > 15 years 0000
    b. 15 Years or less 37920,869,857232,441,810
Other Fixed Rate 61,061,6083638,000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 18515,29200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3238,527,695361,484,800
Open-End Fixed Rate 0000
TOTALS 84538,195,718735,388,810


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 3228,500,7681,484,800
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Soo Co-op Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes