Soo Co-op Credit Union Brimley MI | Best Auto Loans & Business Banking

Introduction

Welcome to Soo Co-op, your trusted financial partner since 1958! Located at 12214 W Lakeshore Dr, Brimley, MI 49715, we pride ourselves on fostering a welcoming community atmosphere where our members feel valued and supported. With a strong commitment to enhancing the financial well-being of our 23,583 members, we have grown to manage a robust total asset portfolio of $281,330,550. At Soo Co-op, we understand that financial decisions can be overwhelming. That's why we offer a range of services designed to meet your needs whether you're looking for personal banking solutions like checking and savings accounts, auto loans, or mortgage refinancing. Our dedicated team of 89 employees, led by CEO Lynda Ellis and Board President Edwin Cook, is here to guide you every step of the way. While members can visit us at our branch for personalized service, official correspondence should be directed to our mailing address at 12214 West Lakeshore Drive, Brimley, MI 49715. We aim to provide not just financial products but also peace of mind through transparency and community engagement. Our credit union stands out not only for its impressive total deposits of $26,149,773 but also for its commitment to responsible lending with over 14,062 loans made available to our members. With a net worth of $37,197,884, you can trust that your financial health is in safe hands. Join us today and experience the difference of being part of a credit union that truly cares about its members. Feel free to reach out at 906-632-5358 or visit our website at soocoop.com for more information on how we can help you achieve your financial goals!

Branch History & Mission

At Soo Co-op, we take pride in our rich history and dedicated mission to serve the community of Brimley, Michigan. Established in 1958, we have grown from a small credit union into a trusted financial partner for over 23,000 members. Our branch is located at 12214 W Lakeshore Dr, nestled near the beautiful shores of Lake Superior, providing a welcoming environment for all who walk through our doors. Over the decades, Soo Co-op has evolved significantly. We have expanded our services and assets to better meet the needs of our members. Today, we manage total assets of $281,330,550, allowing us to offer a wide range of financial products including personal banking, auto loans, mortgages, and business services. Our commitment to our members is evident as we continuously strive to enhance our offerings while maintaining the personal touch that sets us apart. Our mission is simple yet impactful: to empower our members by providing accessible financial services while fostering community growth and support. We believe that everyone deserves financial stability and prosperity. Through partnerships with local organizations and outreach programs, we work hard to uplift those around us. Whether it's assisting families with their first home or helping local businesses thrive, Soo Co-op aims to make a meaningful difference in the lives of those we serve. While members can visit us at 12214 W Lakeshore Dr Brimley Mi 49715, official correspondence should be sent to 12214 West Lakeshore Drive, Brimley, MI 49715. Our branch operates Monday through Friday from 9:00 am to 4:00 pm, ensuring that we are available when you need us most. In this digital age, we understand the importance of convenience. That's why we offer online banking and mobile applications for easy access to your accounts anytime you need them. Although we currently do not provide ATM or drive-thru services at this location, our shared service center allows you to perform basic transactions with other partner credit unions. At Soo Co-op, we invite you to join our growing family. Experience the benefits of being part of a community-focused credit union where your financial goals are prioritized. Together, let's build a stronger future! For more information about membership or to open an account, please visit our website at Soo Co-op. You can also reach us directly at (906) 632-5358 for any inquiries. Join us today and discover how we can help you achieve your dreams!

Branch Location & Accessibility

Accessibility Features

At Soo Co-op, we prioritize accessibility for all our members. Our branch features ADA-compliant entrances and ramps, ensuring that everyone can navigate comfortably. Plus, with ample parking available nearby, visiting us is hassle-free.

Nearby Landmarks

Our branch is situated close to beautiful Lake Superior, making it a scenic stop for anyone in the area. Just a short drive from local parks and community centers, it's an ideal spot to pop in for personal banking services before or after enjoying the outdoors.

Operating Hours

We are open Monday through Friday from 9:00 AM to 4:00 PM. Our friendly team is ready to assist you during these hours, whether you need help with checking and savings accounts or exploring loan options.

Services Offered

Our range of services includes personal banking options such as auto loans and credit cards with rewards. We also offer business banking solutions like merchant services and business loans. Although we don't have an ATM or drive-thru service available at this branch, we do provide basic shared branch transactions for partner credit union members. Feel free to reach out to us at (906) 632-5358 if you have any questions or would like more information about what we offer. We invite you to visit Soo Co-op today your community credit union dedicated to serving your financial needs!

Member Eligibility

At Soo Co-op, we believe that becoming a member is like joining a close-knit family where everyone supports each other. If you're looking to be part of our community, it's easy! You can qualify for membership if you live, work, worship, or attend school in the areas we serve. We welcome individuals from diverse backgrounds and experiences because we know it enriches our community. To learn more about specific eligibility details, feel free to visit our website at http://www.soocoop.com/become-a-member. Once you're ready to take the next step towards membership, opening an account is straightforward and welcoming. Just reach out to us at (906) 632-5358 or check out our account opening page at http://www.soocoop.com/loanapplication. We're excited to have you join us at Soo Co-op, located at 12214 W Lakeshore Dr Brimley Mi 49715, where you'll enjoy a range of financial services tailored just for you!

Business Banking & Commercial Services

Financing Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $57 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $2,233,632, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to loans, we offer essential merchant services designed to simplify daily operations for local businesses. Whether you need point-of-sale systems or online payment solutions, we provide tools that enhance your customer experience and streamline transactions. Picture a small retail store seamlessly processing sales with our support making life easier for both owners and customers alike. Located at 12214 W Lakeshore Dr Brimley Mi 49715 in Brimley, MI, we're here to help your business thrive. Reach out today at (906) 632-5358 to learn how we can partner together for success!

Comprehensive List Of Services

Business Banking Services

We haven't forgotten about local businesses! Our business banking services, including merchant services and business loans, ensure that entrepreneurs have the support they need to thrive. Whether starting a new venture or expanding an existing one, we're here to help turn your business dreams into reality.

Convenient Access Anytime

We understand that convenience matters. With our robust online and mobile banking platforms, you can easily check balances, transfer funds, or pay bills right from your smartphone or computer. Plus, if you're ever in need of cash, we provide access through various ATM and cash withdrawal services. Our branch also supports basic shared transactions for partner credit union members like deposits and withdrawals making it easier for everyone in the community to manage their finances effectively.

Get Started Today!

At Soo Co-op, located at 12214 W Lakeshore Dr Brimley MI 49715, we are dedicated to providing personalized service tailored just for you. If you're ready to explore how our services can work for you, give us a call at 906-632-5358 or visit us online at soocoop.com. Join us today and let's build a brighter financial future together!

Personal Banking Solutions

For those managing day-to-day finances, we offer various checking and savings accounts that cater to your specific goals. Imagine having a savings account that grows with your aspirations or a checking account that simplifies your spending. Our accounts come with easy online and mobile banking options, allowing you to manage your money from anywhere at any time. When it comes to financing, we know life can throw some surprises your way. That's why we provide auto loans and vehicle financing tailored for both new and used vehicles. Picture driving off in your dream car without breaking the bank! We also offer mortgage loans and refinancing options, helping you secure your dream home or adjust your current mortgage to better fit your budget.

Supporting Your Financial Needs

In addition to these offerings, our personal loans and debt consolidation services make it easier for you to take control of your finances. If you're feeling overwhelmed by multiple debts, our consolidation options can simplify payments into one manageable loan. For those who love rewards while spending, our credit cards with rewards allow you to earn points on purchases you already make. It's a simple way to save on future expenses while enjoying everyday purchases!

Digital & Online Banking

Easy Access Anytime, Anywhere

With our 24/7 online banking services available at https://www.soocoop.com/, you can access your accounts whenever you need to. Whether you're checking your balance, paying bills, or transferring funds, our platform is user-friendly and designed for convenience. Plus, with the ability to set up e-statements, you can keep track of your financial activity without the clutter of paper statements.

Go Mobile with Our App

Our mobile application is here to simplify banking on the go. You can manage your accounts directly from your smartphone, making it easier than ever to stay on top of your finances. Although mobile payments are not yet available, our app allows you to view account balances, transfer money, and more all in real-time. At Soo Co-op, we're committed to ensuring that your banking experience is both convenient and secure. Join us today and discover how easy managing your finances can be!

Secure Transactions at Your Fingertips

We prioritize your security while providing accessible banking options. Though we do not currently offer electronic signature authorization, rest assured that all transactions are protected with advanced security measures. You can also enjoy person-to-person transfers to send money quickly and easily to friends and family without needing cash or checks.

Financial Strength

A Strong Team Behind You

Our operational efficiency is evident with a net income of $1,162,815, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 64 full-time employees and 25 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts: 46,432 show a strong and growing member base that trusts us with their finances.

Commitment to Continuous Improvement

With $32,023,766 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment extends to our lending capacity as well; with $3,957 in used auto loans and $171,068,664 in total loans and leases, we support members' financial goals across various sectors.

Member-Centric Savings Solutions

Members' savings are secured through $49,862,481 in share certificates and $34,398,486 in money market shares, offering stable and rewarding financial growth opportunities. We prioritize our members' interests above all else; with non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $37,197,884, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.22% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Your Trusted Financial Partner

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Soo Co-op is your trusted partner. Visit us at 12214 W Lakeshore Dr Brimley Mi 49715 or call (906) 632-5358 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans provide some of the lowest rates in the industry. We have already helped our members secure $60,106,548 in used vehicle loans and $28,441,407 in new vehicle loans, making it easier for you to hit the road with confidence. Whether you're considering a brand-new model or a reliable used vehicle, our financing options can fit your budget.

Business Loans

For business owners looking to grow and expand their operations, our outstanding commercial loans totaling $2,233,632 provide the capital needed to invest in new opportunities.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $3,565,212. If you're looking to refinance your current mortgage or are interested in first-time homebuyer programs, we have flexible terms that can accommodate various financial situations.

Refinancing Options

If you're considering refinancing any existing loans be it an auto loan or mortgage our team is ready to help you explore eligibility options that may lower your payments or improve your financial standing. At Soo Co-op, we're committed to serving our community and helping you navigate your financial journey with ease. For more information on our loan products or to start your application process today, visit our website or call us at (906) 632-5358. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging; that's why we also offer flexible terms on unsecured credit card loans. With a total of $6,951,511 in unsecured credit card loans already helping members manage their finances effectively, you can enjoy peace of mind knowing you have access to funds when you need them most.

Loan Aggregator

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SOO CO OP CREDIT UNION - Brimley, MI

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