SOO CO-OP
State-Chartered • Sault Sainte Ma, Michigan • Est. 1958
Quick Facts
- Charter Number
- #62325
- Type
- State-Chartered
- Established
- 1958
- Headquarters
- Sault Sainte Ma, Michigan 49783
- Address
- 4489 I 75 Business Spur
- Branches
- 6
- ATMs
- 4
- Members
- 24,582
- Membership Type
- Community
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Exceptionally well-capitalized with outstanding net worth ratio, very low delinquency, and strong earnings. One of the most financially sound credit unions in the country.
Financial Overview
Total Assets
Members
24,582 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | SOO CO-OP |
|---|---|
| Total Assets | $313.2M |
| Members | 24,582 |
| Loans Outstanding | $184.4M |
| Shares & Deposits | $272.8M |
| Net Worth | $42.1M |
| Net Worth Ratio | 13.43% |
| Loan-to-Share Ratio | 67.6% |
| Delinquency Rate | 0.36% |
| Net Income | +$4,284,762 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
6 locations · 4 ATMs
Soo Co-op Credit Union
Main Office4489 I 75 Business Spur
Sault Sainte Marie, MI 49783
Bingham Branch
536 Bingham Ave
Sault Sainte Marie, MI 49783
Kinross Branch
4932 W Curtis St
Kincheloe, MI 49788
Kewadin Branch
2186 Shunk Rd
Sault Sainte Marie, MI 49783
Brimley Branch
6946 S M-221
Brimley, MI 49715
Who Can Join SOO CO-OP?
Membership Type: Community
Membership eligibility for SOO CO-OP may vary. Contact the credit union directly to confirm qualification requirements.
Contact SOO CO-OP directly or visit their website for the most accurate and up-to-date membership eligibility information.
Find More Credit Unions in Michigan
Browse all federally insured credit unions in Michigan, ranked by assets, members, and financial health score.
View Michigan RankingsFrequently Asked Questions
Yes. SOO CO-OP is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, SOO CO-OP has 24,582 members and a potential membership field of 10,140,459 people.
SOO CO-OP's net worth ratio is 13.43% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 13.4%, SOO CO-OP meets this threshold.
SOO CO-OP operates 6 branch locations and has access to 4 ATMs. The main office is located at 4489 I 75 Business Spur, Sault Sainte Marie, MI 49783.
SOO CO-OP was established in 1958. It is a state-chartered credit union chartered under charter number 62325. The institution has been serving members for 68 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or SOO CO-OP. All financial data is for informational purposes only.