Charter 62325 · Sault Sainte Marie, MI
Soo Co-Op Credit Union
Soo Co-Op Credit Union is a state-chartered credit union in Sault Sainte Marie, Michigan, with $324 million in assets and 24,425 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 13.67%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $324 million
- +6.6% in a year
- Members
- 24,425
- +0.5% in a year
- Net worth ratio
- 13.67%
- Peer median 11.65%
- Loans 60+ days late
- 0.32%
- Peer median 0.70%
- Loans outstanding
- $182 million
- +2.9% in a year
- Shares and deposits
- $281 million
- +5.4% in a year
- Branches
- 6
- 93 employees
- Opened
- 1958
- Michigan charter
How Soo Co-Op Credit Union compares
NCUA groups credit unions by size; Soo Co-Op Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 13.67% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.32%, is lower than the group median of 0.70%. Loans grew 2.9% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 62 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $324 million | 24,425 | $182 million | 13.67% | 0.32% |
| Q1 2026 | $325 million | 24,668 | $181 million | 13.31% | 0.27% |
| Q4 2025 | $313 million | 24,582 | $184 million | 13.43% | 0.36% |
| Q3 2025 | $308 million | 24,466 | $182 million | 13.36% | 0.42% |
| Q2 2025 | $304 million | 24,304 | $177 million | 13.18% | 0.22% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 10 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 6 sites for Soo Co-Op Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Soo Co-op Credit Union (main office)
4489 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 - Cedarville Branch
90 Beach St, Cedarville, MI 49719
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology