Soo Co-op Credit Union Sault Sainte Marie MI | Best Auto Loans & Business Banking

Introduction

Welcome to Soo Co-op Credit Union, your trusted financial partner since 1958! Located at 4489 I 75 Business Spur, Sault Sainte Marie, MI 49783, we are dedicated to serving our community with personalized banking solutions that meet your unique needs. With a proud membership base of over 23,583 members and total assets of $281,330,550, we offer a wide range of services designed to help you achieve your financial goals. At Soo Co-op, we understand the importance of building strong relationships with our members. Our leadership team, headed by CEO Lynda Ellis and Board President Edwin Cook, is committed to providing exceptional service and support. We have a team of 89 employees who are always ready to assist you in navigating your financial journey. Our credit union boasts an impressive portfolio, including total loans amounting to 14,062 and deposits reaching $26,149,773. With a net worth of $37,197,884 and cash in hand totaling $3,917,367, we ensure that your finances are in good hands. While members can visit us at our branch for friendly service and expert advice, official correspondence should be sent to the same address: 4489 I 75 Business Spur, Sault Sainte Marie, MI 49783. Whether you're looking for personal banking options like checking accounts and auto loans or business banking solutions such as merchant services and business loans, Soo Co-op Credit Union has you covered. Visit our website at www.soocoop.com or give us a call at 906-632-5300 to learn more about how we can serve you better! Join us today and experience the Soo Co-op difference where every member counts!

Branch History & Mission

Join Us Today!

With convenient operating hours Monday through Friday from 7:30 am to 6:00 pm and Saturday from 7:30 am to 1:00 pm it's easy for you to visit us or reach out at 906-632-5300. Whether you're looking for personal banking solutions or seeking guidance on your financial future, we invite you to become part of the Soo Co-op family. Experience firsthand how we blend quality service with genuine care for our members' needs. Visit us today!

Our Journey

From our humble beginnings, Soo Co-op has evolved into a trusted financial institution known for its commitment to member satisfaction. Located at 4489 I 75 Business Spur, our branch is easily accessible and surrounded by local landmarks that highlight the beauty of Sault Sainte Marie. Over the years, we have embraced technological advancements, ensuring that our services are not only efficient but also user-friendly. Members can take advantage of online banking and mobile applications, making it easier than ever to manage their finances. While members can visit us at 4489 I 75 Business Spur for all their banking needs, official correspondence should be sent to the same address as our mailing address: 4489 I 75 Business Spur, Sault Sainte Marie, MI 49783.

Our Mission

At Soo Co-op Credit Union, we believe in empowering individuals and businesses through comprehensive financial solutions. Our mission is simple yet powerful: to promote financial well-being in our community by offering personal banking services such as checking and savings accounts, auto loans, mortgages, credit cards with rewards, and business banking options. We strive to be more than just a bank; we aim to be a supportive partner in your financial journey. In addition to providing exceptional financial services, we are deeply committed to community outreach. We actively participate in local events and initiatives that make a positive impact on the lives of those around us. Through partnerships with various organizations and programs aimed at supporting education and local development, we work tirelessly to uplift our community.

Branch Location & Accessibility

Accessibility and Features

At Soo Co-op, we strive to ensure that everyone feels welcome and comfortable. Our branch is designed with accessibility in mind, featuring ADA-compliant entrances and ramps to assist all members. Parking is readily available, so you can easily stop by without any hassle.

Conclusion

We invite you to visit us at Soo Co-op Credit Union where community spirit meets convenience. Whether you're an existing member or looking to join, we're excited to help you achieve your financial goals. Don't hesitate to stop by or give us a call we're here for you!

Operating Hours

We understand that your time is valuable. That's why our lobby hours are designed to fit your busy schedule. We are open Monday through Friday from 7:30 AM to 6:00 PM, and on Saturdays from 7:30 AM to 1:00 PM. Whether you're popping in for a quick transaction or need more time for banking needs, we're here for you.

Services Offered

Soo Co-op Credit Union offers a variety of services tailored to meet your personal and business banking needs. From checking and savings accounts to auto loans, mortgages, and credit cards with rewards, we've got something for everyone. Plus, our drive-thru service allows for quick deposits and withdrawals without leaving your car. If you ever need assistance or have questions about our services, feel free to reach out! You can call us at 906-632-5300 for any inquiries or simply drop by during our operating hours.

Member Eligibility

Becoming a member of Soo Co-op is like joining a family where your financial well-being is our priority. Located at 4489 I 75 Business Spur Sault Sainte Marie Mi 49783, we welcome anyone who lives, works, worships, or attends school in our community, as well as their family members. Our goal is to create an inclusive space for everyone, providing not just banking services but also support and resources tailored to your needs. Membership at Soo Co-op comes with great benefits like competitive rates on loans and savings, personalized service, and access to a wide range of financial products designed to help you thrive. The process to join us is simple! You can find all the eligibility details by visiting http://www.soocoop.com/become-a-member. If you're ready to open an account or have questions about membership, don't hesitate to reach out at (906) 632-5300. We're excited to welcome you into our community and help you achieve your financial goals!

Business Banking & Commercial Services

Business Loan 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 merchant services that simplify payment processing for your business. Imagine being able to accept payments easily from customers, whether they are using credit cards or mobile wallets. This not only enhances customer satisfaction but also helps you manage cash flow effectively. At Soo Co-op, we aim to empower local businesses with tools that streamline operations and boost profitability. Visit us at 4489 I 75 Business Spur Sault Sainte Marie Mi 49783 in Sault Sainte Marie, MI, or call us at (906) 632-5300 to learn more about how our business banking services can work for you!

Comprehensive List Of Services

Business Banking Services

If you're a business owner, you'll find our Business Banking services particularly beneficial. We offer merchant services and business loans designed to support and grow your enterprise. You can focus on what matters most running your business while we take care of the financial details.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we have invested in Online & Mobile Banking platforms that allow you to manage your accounts from anywhere at any time. With features like ATM access for cash withdrawals and balance checks, as well as basic drive-thru banking for quick deposits and transactions, we've made it simple to stay on top of your finances.

Credit Options

Sometimes life throws unexpected expenses your way. That's where our Personal Loans & Debt Consolidation come into play, helping you manage your financial challenges effectively. Additionally, our Credit Cards with Rewards provide you with benefits that add value every time you spend.

Personal Banking Solutions

We understand that managing your finances can sometimes feel overwhelming. That's why we offer Personal Banking options that include checking and savings accounts tailored to fit your lifestyle. Need a loan? Our Auto Loans & Vehicle Financing make it easier than ever to get behind the wheel of your dream car without breaking the bank. Plus, if you're looking to buy a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services can help you navigate the process smoothly.

Shared Branching Services

For added convenience, we also participate in shared branching transactions for partner credit union members. This means you can perform deposits and withdrawals even when you're away from our branch, making banking more accessible than ever. At Soo Co-op, we are dedicated to providing friendly service along with these essential banking solutions. If you have any questions or would like to learn more about how we can assist you, don't hesitate to give us a call at (906) 632-5300 or visit us online at Soo Co-op Credit Union. We're here to support all your financial needs!

Digital & Online Banking

Key Features

Our online banking platform offers a range of features designed to enhance your banking experience. You can easily view e-statements, allowing you to keep track of your transactions in a secure and eco-friendly way. Plus, you'll appreciate the flexibility of person-to-person transfers, making it simple to send money to friends or family without needing cash or checks. For those who prefer managing their accounts on the go, our mobile application is here to help. With just a few taps, you can check balances, transfer funds, and even deposit checks all from the palm of your hand. While we currently don't support mobile payments, our app remains user-friendly and packed with essential functions.

Security & Accessibility

We prioritize your security with every transaction. Although we do not offer electronic signature authorization at this time, rest assured that all online activities are safeguarded with robust encryption measures. This means you can conduct transactions confidently, knowing that your personal information is protected. Whether you're checking balances late at night or handling urgent transfers during lunch breaks, our digital services are designed for accessibility and ease-of-use. At Soo Co-op, we're committed to providing you with real-time account management so you can focus on what matters most in life without worrying about your finances. Experience the future of banking today by visiting us online at https://www.soocoop.com/!

Financial Strength

Growing Together

Total Share and Deposit Accounts: 46,432, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments stand at $227,972. 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 4489 I 75 Business Spur Sault Sainte Marie Mi 49783 or call (906) 632-5300 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

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 supports members' financial goals across various sectors with $3,957 in used auto loans and $171,068,664 in total loans and leases.

Member-Focused Savings

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.

Operational Efficiency

Our $1,162,815 reflects our operational efficiency, enabling 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.

Solid Foundation

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.

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. We provide flexible financing options that make it easier than ever to drive away in the car you want.

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 that come with running a business and are here to support your ambitions.

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 work with you every step of the way to ensure you find the right mortgage product that fits your budget and lifestyle.

Refinancing Options

If you're looking to lower your monthly payments or take advantage of better interest rates, we offer refinancing options across various loan types. This flexibility allows you to adapt as your financial situation changes over time. At Soo Co-op Credit Union, we believe in empowering our members through comprehensive loan offerings that cater to their individual needs. If you're interested in learning more about our loan products or if you have questions about eligibility and refinancing options, please give us a call at 906-632-5300 or visit us online at www.soocoop.com. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards your financial success!

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. 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 are designed to give you peace of mind when making purchases.

Loan Aggregator

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SOO CO OP CREDIT UNION - Sault Sainte Marie, MI

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