Soo Co-Op
Soo Co-Op is a credit union based in Sault Sainte Ma, Michigan, established in 1958, with $325 million in total assets serving 24,668 members. By Trust Grade it ranks 35th of 170 credit unions we track in Michigan. Its net worth ratio of 13.3% is stronger than 74% of similarly sized credit unions, versus a Michigan median of 11.7%. It was profitable over the most recent period, with a 1.43% return on assets. No consumer complaints against Soo Co-Op appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Soo Co-Op compares to Michigan peers
How we graded Soo Co-Op
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.3% capital ratio)
- Strongly profitable (ROA 1.43%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Soo Co-Op over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Soo Co-Op insured?
Yes. Soo Co-Op is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Soo Co-Op: frequently asked questions
Is Soo Co-Op a good credit union?
Soo Co-Op earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (13.3% capital ratio); Strongly profitable (ROA 1.43%).
Is Soo Co-Op NCUA-insured?
Yes. Soo Co-Op is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Soo Co-Op?
Soo Co-Op holds $325 million in total assets, ranking 35th of 170 credit unions we track in Michigan. It serves 24,668 members.
Does Soo Co-Op have CFPB complaints?
No CFPB complaints against Soo Co-Op appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
