Soo Co-op Credit Union Cedarville MI | Affordable Auto Loans & Business Banking

Introduction

Welcome to Soo Co-op, your trusted financial partner in Cedarville, Michigan! Located at 90 Beach St, our credit union has been a cornerstone of the community since 1958. With a strong commitment to serving our members, we proudly support over 23,583 individuals and families in achieving their financial goals. At Soo Co-op, we understand that banking is about more than just numbers. It's about building relationships and providing support when you need it most. That's why we've grown our total assets to an impressive $281,330,550, ensuring that we have the resources to help you with everything from personal banking needs to business loans. Our dedicated team, led by CEO Lynda Ellis and Board President Edwin Cook, is here to guide you through all your financial decisions. While members can visit us at our Cedarville branch, please note that official correspondence should be sent to our mailing address at Route 1, Cedarville, MI 49719. We are proud to offer a range of services including checking and savings accounts, auto loans, mortgages, personal loans, and even business banking solutions. Our community-focused approach means we're not just here for transactions; we're here for connections. With $26,149,773 in total deposits and a net worth of $37,197,884, you can trust that your money is safe and secure with us. Plus, we maintain a healthy cash reserve of $3,917,367 to ensure we are always ready to meet your needs. Whether you're looking to purchase your first home or need assistance managing your finances effectively, Soo Co-op is dedicated to making your banking experience as smooth as possible. We're open Monday through Friday from 9:00 am to 5:00 pm and Saturday from 10:00 am to 1:00 pm for your convenience. We invite you to reach out today at 906-632-5307 or visit our website at soocoop.com for more information on how we can assist you. Join us at Soo Co-op where our members come first!

Branch History & Mission

Welcome to the heart of Cedarville, where Soo Co-op has proudly served our community since 1958. Located at 90 Beach St, Cedarville, MI 49719, our branch has been a cornerstone for local families and businesses alike, fostering financial growth and stability in an ever-changing world. With a total membership of 23,583, we have built strong relationships that reflect our commitment to enhancing the lives of those we serve. From humble beginnings, Soo Co-op has grown into a trusted financial partner with total assets reaching an impressive $281,330,550. Over the years, we have adapted to meet the evolving needs of our members through innovative services and community outreach efforts. Our mission is simple yet profound: to provide exceptional financial services while supporting the well-being of our community. As part of our dedication to accessibility, we offer basic drive-thru banking services for your convenience. While members can visit us at our Cedarville location, official correspondence should be sent to Route 1, Cedarville, MI 49719. Our operating hours are tailored to fit your busy lifestyle: Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 10:00 AM to 1:00 PM (Drive Thru Only). At Soo Co-op, we believe in empowering individuals through financial education and support. Our services range from personal banking such as checking and savings accounts to auto loans and mortgage refinancing. We also provide business banking options to help local entrepreneurs thrive. By prioritizing community engagement and partnerships with other organizations, we strive to make a positive impact beyond just numbers. In addition to traditional banking services, we are committed to embracing digital advancements that enhance your experience with us. Whether you prefer online banking or mobile applications, we ensure that managing your finances is both easy and secure. Join us at Soo Co-op as we continue this journey together. Experience firsthand how our legacy of trust can help you reach your financial goals while contributing positively to the Cedarville community. For more information or assistance, feel free to contact us at 906-632-5307. Together, let's build a brighter future!

Branch Location & Accessibility

A Convenient Visit

At Soo Co-op, we strive to make your visit as smooth as possible. Our branch is designed with accessibility in mind, ensuring that everyone can enjoy our services without hassle. You'll find ample parking available right outside our doors, along with ADA-compliant features such as ramps to accommodate all members of our community.

Get in Touch!

For any questions or to learn more about what we offer, feel free to give us a call at 906-632-5307. We invite you to visit us soon at the Cedarville Branch of Soo Co-op where your financial well-being is our priority!

Operating Hours and Services

We're here for you Monday through Friday from 9:00 am to 5:00 pm and Saturday from 10:00 am to 1:00 pm (Drive-Thru Only). Whether you need assistance with personal banking, auto loans, or even business services, our friendly team is ready to help. Though we don't have an ATM on-site, we do offer drive-thru banking for your convenience. You can easily handle deposits, withdrawals, and other simple transactions without leaving your vehicle. Plus, if you're a member of a partner credit union, you can also take advantage of shared branch services.

Member Eligibility

At Soo Co-op, we believe that everyone deserves to be part of a community that cares. Joining us as a member is simple and welcoming! To become a member, you just need to live, work, or attend school in our service area. We also extend membership to family members of current members, so you can share the benefits with your loved ones. Our focus is on providing you with personal banking services that truly meet your needs, whether it's checking and savings accounts, loans, or credit cards with rewards. If you're ready to take the next step toward membership at Soo Co-op, simply visit us at 90 Beach St Cedarville Mi 49719 or give us a call at (906) 632-5307 for more information. You can also check out the detailed eligibility criteria on our website at http://www.soocoop.com/become-a-member. Once you're eligible, opening an account is a breeze! Learn more about the process by visiting http://www.soocoop.com/loanapplication. We're excited to have you join our growing family!

Business Banking & Commercial Services

Merchant Services That Work for You

Imagine being able to accept payments easily while focusing on what matters most running your business. Our merchant services provide practical solutions that streamline transactions, making it simple for your customers to pay and for you to manage sales. From point-of-sale systems to online payment options, we equip you with the tools needed to enhance your cash flow. Visit us at 90 Beach St Cedarville Mi 49719 in Cedarville, MI, or give us a call at (906) 632-5307 to learn more about how we can support your business journey!

Tailored Business Loans

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.

Comprehensive List Of Services

Business Banking

For those who run their own businesses, we provide comprehensive business banking services, including merchant services and business loans. We know how vital it is for you to have reliable support when managing your business's finances.

Convenient Access

At Soo Co-op, we prioritize accessibility. Our drive-thru banking lets you complete deposits, withdrawals, and other simple transactions without ever leaving your vehicle a perfect solution for busy days. Additionally, we offer basic shared branch transactions for members of partner credit unions, ensuring that everyone has access to their funds easily.

Digital Banking Features

In today's fast-paced world, convenience matters. That's why we offer online and mobile banking services that allow you to manage your accounts anytime, anywhere. Need to check your balance or pay bills? Just log in! You can also enjoy features like person-to-person payments, making it easy to send money directly to friends or family.

Get Started Today!

Whether you're opening a new account or seeking financing options, our dedicated team at Soo Co-op is here for you. For more information about any of these services or to speak with one of our representatives, give us a call at (906) 632-5307. Visit us today and experience firsthand how we can help you achieve your financial goals!

Personal Banking

We understand that managing your personal finances can be overwhelming. That's why we offer various checking and savings accounts designed for convenience and ease of use. Whether you're saving for a dream vacation or just want a place for your daily expenses, our accounts are built to help you succeed. When it comes to financing your vehicle, our auto loans and vehicle financing options make it simple and straightforward. Imagine driving off in that new car you've had your eye on without the stress of complicated paperwork our friendly team is here to guide you through the process. If homeownership is on your mind, check out our mortgage loans and refinancing solutions. We aim to make this significant step as smooth as possible, offering competitive rates and personalized service. Additionally, if you're looking to consolidate debt or tackle unexpected expenses, our personal loans are available with flexible terms to fit your budget. And don't forget about our credit cards with rewards enjoy perks while making everyday purchases!

Digital & Online Banking

Explore Our Services

You can easily access your accounts anytime through our online banking portal at https://www.soocoop.com/. Whether you need to check your balance, pay bills, or transfer funds, everything is just a click away. Our 24/7 online banking services ensure that you have the flexibility to handle your finances whenever it suits you. One of the standout features is our ability to send money with ease using person-to-person transfers. Need to split a bill with friends? Or perhaps pay back a family member? It's simple and fast with this feature, making everyday transactions hassle-free. For those who prefer managing their finances on the go, our mobile application provides all the same great features right at your fingertips. Check balances, deposit checks, and view e-statements securely from anywhere. Speaking of e-statements, we offer them for easy access to your account statements without the clutter of paper.

Security and Accessibility

While enjoying these conveniences, rest assured that security is a top priority. Although we do not currently offer electronic signature authorization, we use robust measures to protect your information and transactions. Your data remains safe while you enjoy real-time account management and peace of mind. At Soo Co-op, we believe that banking should be straightforward and accessible for everyone. Join us today and discover how easy it is to manage your finances with our digital banking tools!

Financial Strength

Dedicated Team at Your Service

We take pride in having 64 full-time employees and 25 part-time employees ready to assist you with any needs. Our team is knowledgeable and committed to providing excellent service at every visit. The health of our credit union is reflected in our strong member base, with 46,432 total share accounts demonstrating trust from our community. Additionally, net shares available for lending and investments stand at $227,972, reinforcing our commitment to meeting your financial needs. In summary, 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 90 Beach St Cedarville Mi 49719 or call (906) 632-5307 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Investment in Growth

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 lending capacity is further supported by $3,957 in used auto loans and $171,068,664 in total loans and leases, helping you achieve your financial goals across various sectors. Our operational efficiency is evident through our $1,162,815, which allows us to continue offering competitive loan rates and solid financial products for our members.

Member-Centric Savings Options

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. Unlike traditional banks, we prioritize our members. 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.

Strong 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. This solid base enables us to navigate the ups and downs of the economy while keeping our focus on what matters most: you. 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $60,106,548 in used vehicle loans and $28,441,407 in new vehicle loans already helping members get on the road. Whether you're considering financing a brand-new vehicle or a reliable pre-owned option, our flexible terms are designed to meet your needs.

Business Loans

For business owners, our outstanding commercial loans totaling $2,233,632 provide the capital needed to grow and expand. We understand the unique challenges businesses face and aim to provide solutions that help them thrive. If you're interested in any of these loan products or would like more information about refinancing options and eligibility criteria, feel free to reach out to us at (906) 632-5307. Our team is here to assist you during our operating hours: Monday through Friday from 9:00 am to 5:00 pm and Saturday from 10:00 am to 1:00 pm (Drive-Thru Only). Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore our offerings today and let Soo Co-op help you take the next step toward achieving your financial aspirations!

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $6,951,511 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that can make everyday purchases more rewarding.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,565,212, make buying or refinancing simple. We provide competitive rates and personalized service to guide you through the process from start to finish.

Loan Aggregator

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How LendMesh Ensures Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment ensures that every loan offer presented on the platform is fair and transparent. By focusing on verified financial institutions, LendMesh eliminates the guesswork often associated with finding trustworthy loan options.

SOO CO OP CREDIT UNION - Cedarville, MI

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