Soo Co-op


4489 I 75 Business Spur
Sault Sainte Ma, MI 49783
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.75% 0.75% →
5-Year CD 0.95% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Soo Co-op is an NCUA insured institution located in Sault Sainte Ma, MI. It was founded in 1958 and has approximately $229.07 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 62325
Date Established 1958
Assets $229.07 million
Loans $124.27 million
Deposits $198.99 million
Capital $27.82 million

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.

Deposit Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.25% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for SOO CO-OP

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More
Morty, Inc.
NMLS ID: 1429243
2.472% 2.375% 0.88 $3,215 $972 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to SOO CO-OP
To upload and update your bank's rates please register. It is free to register and add rates.



Below are Soo Co-op branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Soo Co-op Locations

Financial Details

Soo Co-op Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Soo Co-op. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Soo Co-op U.S. Average
3.34% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Soo Co-op had $874,414 in non-current loans and $74,104 in owned assets. To cover these potential losses it had $27,823,513 in net worth and $565,451 in loans loss reserves. That gives it a Texas Ratio of 3.34%.

Net Worth
Soo Co-op U.S. Average
12.14% 12.67%

Soo Co-op FCU has a net worth of 12.14% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Soo Co-op

Branches and Savings

What is Soo Co-op?

A credit union, registered with the NCUA under certificate #62325.
Learn more about credit unions here.

Is Soo Co-op FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Soo Co-op is insured by the NCUA.

Who can join Soo Co-op?

Please see Field of Membership information above for information on who is eligible to join.

What are Soo Co-op's share account and share certificate rates?

Soo Co-op's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Soo Co-op?

Soo Co-op has total capital of $27.82 million. Full information on Soo Co-op's financial position is located above.

Who owns Soo Co-op?

Credit Unions are owned by their members.

Where are Soo Co-op branches located?

See branch locations nearby.

Are Soo Co-op ATMs Open 24/7?

Do Soo Co-op ATMs accept cash deposits?

Can Soo Co-op customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Soo Co-op have a mobile app?

Does Soo Co-op have mobile deposit?

Does Soo Co-op have quick pay?

How can Soo Co-op transfer money to other banks or credit unions?

Does Soo Co-op report to credit bureaus?

Does Soo Co-op use Chexsystems?

Does Soo Co-op use Equifax?

What is Soo Co-op's toll free phone number?

What is Soo Co-op's ACH Routing Number?

What is Soo Co-op's SWIFT code?

Where can I find Soo Co-op's wire transfer form?

What is the Soo Co-op address for deposits?

What Products Does Soo Co-op Offer

Does Soo Co-op offer mortgages?

Compare mortgage rates here.

Does Soo Co-op offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Soo Co-op offer auto and RV loans?

Compare auto loan rates here.

Does Soo Co-op offer student loans or personal loans?

Compare personal loan rates here.

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