Soo Co-op Credit Union Sault Sainte Marie MI | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to Soo Co-op, your trusted financial partner located at 536 Bingham Ave, Sault Sainte Marie, MI 49783. Since our establishment in 1958, we have been dedicated to serving our community and fostering financial well-being for over 23,000 members. With total assets exceeding $281 million, our commitment to providing quality services is backed by a strong foundation of trust and reliability. At Soo Co-op, we understand the importance of personal service in today's fast-paced world. Whether you're looking for auto loans, mortgages, or checking accounts, our experienced team is here to help you navigate your financial journey with ease. Under the leadership of CEO Lynda Ellis and Board President Edwin Cook, we strive to meet the diverse needs of our members while maintaining an environment that feels like home. We proudly offer a range of services tailored for individuals and businesses alike, including personal banking, credit cards with rewards, business loans, and online banking options. As a member-focused credit union, your financial goals are our top priority. Our robust offerings are complemented by a solid net worth of $37 million and total deposits amounting to $26 million, ensuring that your assets are in safe hands. While members can visit us at our branch location, official correspondence should be sent to the same address: 536 Bingham Ave, Sault Sainte Marie, MI 49783. If you have any questions or need assistance, feel free to reach out at (906) 632-5302. Join us at Soo Co-op today where your financial success is our mission! Visit us online at soocoop.com or come by the branch during our hours of operation: Monday through Friday from 7:30 AM to 6:00 PM and Saturday from 7:30 AM to 1:00 PM. Let's work together towards achieving your financial dreams!

Branch History & Mission

At Soo Co-op, we take pride in our rich legacy and commitment to the community of Sault Sainte Marie, MI. Founded in 1958, our Bingham Branch has grown alongside our members, evolving to meet their financial needs while staying true to our core mission: empowering individuals and families through accessible financial services and community support. Located at 536 Bingham Ave, we are not just a branch; we are a vital part of the neighborhood. Our address places us near local landmarks that many residents recognize, making us a convenient stop for banking needs. While members can visit us at this location for personal banking services, official correspondence should be sent to our mailing address at 536 Bingham Ave, Sault Sainte Marie, MI 49783. Over the years, Soo Co-op has welcomed over 23,000 members into our family. With total assets reaching an impressive $281,330,550, we have been able to provide a range of services tailored to the unique needs of our community. From personal checking accounts to auto loans and business banking solutions, we strive to offer products that help our members thrive financially. Our mission is clear: We are dedicated to serving our community by providing affordable financial solutions while promoting financial literacy and growth. This commitment extends beyond traditional banking. We actively engage in outreach programs and partnerships that enhance the well-being of Sault Sainte Marie. Whether it's sponsoring local events or offering workshops on budgeting and saving, we believe that supporting our community strengthens us all. In addition to our robust service offerings including online banking and mobile applications we ensure that everyone has access to our facilities with ADA compliance standards in place. With convenient operating hours from Monday through Friday from 7:30 am to 6:00 pm and Saturday from 7:30 am to 1:00 pm, along with ATM availability and drive-thru services, we make banking easy for everyone. As we look forward to the future, we invite you to become a part of the Soo Co-op family. Join us today and experience firsthand how we can help you achieve your financial goals while being an active participant in your community's growth. Together, let's build a brighter future for Sault Sainte Marie! For more information or to open an account with us, please visit our website or call us at 906-632-5302.

Branch Location & Accessibility

Welcome to the Soo Co-op, your friendly neighborhood credit union located at 536 Bingham Ave in Sault Sainte Marie, MI. We pride ourselves on being a convenient and accessible resource for our members and the local community. Whether you're coming from downtown or nearby neighborhoods, you'll find us just a short drive away from popular spots like the Sault Sainte Marie Public Library and the beautiful waterfront parks along the St. Marys River. At our Bingham Branch, we understand that accessibility is key for our members. Our branch is equipped with ADA-compliant features, including ramps and spacious pathways to ensure everyone can visit us easily. For those driving to see us, ample parking is available right outside the entrance, making it simple to stop by and take care of your banking needs. Our doors are open Monday through Friday from 7:30 AM to 6:00 PM, and on Saturdays until 1:00 PM, providing flexible hours for you to manage your financial transactions at your convenience. If you need assistance or have questions about our services ranging from personal banking options like checking and savings accounts to auto loans and mortgages feel free to give us a call at 906-632-5302. For added convenience, we also offer ATM services right at our branch and a drive-thru option for quick transactions without leaving your vehicle. Plus, if you're a member of another participating credit union, you can use our shared service center for basic transactions. While members can visit us at 536 Bingham Ave Sault Sainte Marie Mi 49783, official correspondence should be sent to 536 Bingham Ave, Sault Sainte Marie, MI 49783. We invite you to come by, meet our friendly team, and discover how Soo Co-op can support your financial journey!

Member Eligibility

At Soo Co-op, we believe that everyone deserves a chance to join a supportive community that prioritizes their financial well-being. If you're looking to become a member, the good news is that eligibility is straightforward and welcoming! You can join us if you live, work, worship, or attend school in Chippewa County, or if you have a family member who is already part of our credit union family. This inclusive approach means more people can access our array of services designed to help you thrive financially. For more details on the eligibility criteria, feel free to check out our website at http://www.soocoop.com/become-a-member. Once you're ready to take the next step, opening an account with us is just as simple. You can find all the information you need for account opening at http://www.soocoop.com/loanapplication. We're here to help with any questions you may have just give us a call at (906) 632-5302! Join us at Soo Co-op, located at 536 Bingham Ave Sault Sainte Marie Mi 49783, and experience the benefits of being part of a community-focused credit union that genuinely cares about your financial success.

Business Banking & Commercial Services

Merchant Services That Matter

Beyond loans, we offer merchant services that simplify your daily operations. Picture this: a busy restaurant owner can easily process payments from multiple channels, ensuring a smooth experience for customers while keeping track of sales effortlessly. Our services help you focus on what matters most running your business effectively. Visit us at 536 Bingham Ave Sault Sainte Marie Mi 49783 in Sault Sainte Marie, MI, or call us at (906) 632-5302 to learn how we can support your business goals today!

Tailored Loan Options

Imagine having the financial backing to invest in new equipment or expand your team. 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 small business owners, we offer specialized services through our business banking program. From merchant services that simplify payment processing to business loans that fuel growth, we're committed to supporting local entrepreneurs in achieving their dreams.

Convenient Access

At Soo Co-op, convenience is key. We provide basic drive-thru banking for quick deposits and withdrawals, as well as shared branch transactions for members of partner credit unions. This means whether you're coming into the branch or using an ATM, accessing your money is simple and straightforward. We invite you to visit us at 536 Bingham Ave Sault Sainte Marie Mi 49783, or give us a call at (906) 632-5302 if you have any questions about our services or how we can assist you further. Explore what we have to offer and discover how easy banking can be! Join us today in building a brighter financial future together. For more information about becoming a member or opening an account online, please visit our website.

Credit Cards

Our credit cards with rewards let you earn points on your everyday purchases, making it easier to enjoy benefits while managing your expenses. Whether you're shopping for groceries or planning a trip, our credit card options cater to various lifestyles.

Digital Banking Features

In today's fast-paced world, having access to your finances on-the-go is essential. That's why we prioritize our online and mobile banking platforms. You can easily check balances, transfer funds, and pay bills from anywhere at any time. Plus, our ATM services ensure that cash withdrawal is never more than a short drive away.

Personal Banking

When it comes to personal banking, we understand that everyone has unique needs. That's why we offer checking and savings accounts designed for everyday use, helping you manage your finances with ease. Whether you're saving for a vacation or just need a safe place for your money, our accounts come with competitive rates and minimal fees. In addition to traditional accounts, we provide auto loans and vehicle financing options that can help you get behind the wheel of your dream car. We also offer mortgage loans and refinancing solutions for those looking to buy a home or lower their monthly payments. If unexpected expenses arise, our personal loans and debt consolidation services can provide the relief you need.

Digital & Online Banking

Accessible Online Banking

With our 24/7 online banking services available at https://www.soocoop.com/, you can easily check your account balances, view transaction history, and transfer funds with just a few clicks. Whether you're at home or on the go, our user-friendly platform allows for real-time account management that fits into your busy lifestyle.

Key Features for Your Convenience

Our online banking experience includes options like electronic statements, so you can opt for paperless transactions and access your financial documents whenever you need them. Plus, if you're looking to send money to friends or family quickly, our person-to-person transfers make it simple and fast. Just log in to your account, and you're set! For those who prefer mobile banking, we offer a dedicated mobile application that lets you manage your accounts from your smartphone. While mobile payments are not currently available, the app gives you a seamless way to keep track of your finances on the go.

Security You Can Trust

We take security seriously at Soo Co-op. Although we do not use electronic signature authorization for online transactions at this time, we ensure that all of our digital services adhere to strict security protocols to protect your sensitive information. You can bank with confidence knowing that we're committed to safeguarding your data. In summary, our digital and online banking services at Soo Co-op are designed to make managing your finances easier than ever. With features like e-statements and person-to-person transfers combined with robust security measures, we aim to provide an exceptional banking experience tailored just for you.

Financial Strength

Committed Team

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 and Deposit Accounts: 46,432, showing a strong and growing member base that trusts us with their finances. 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 536 Bingham Ave Sault Sainte Marie Mi 49783 or call (906) 632-5302 to learn more about how we can help you achieve your financial goals.

Reinvestment for 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. This commitment to improvement allows us to keep pace with your needs.

Robust Lending Capacity

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. Our $1,162,815 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members.

Secure 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 Capital Position

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 terms and a straightforward application process to make financing your next vehicle easy.

Credit Lines

Our total credit lines amount to $24,000,000, providing additional resources for those unexpected expenses or planned purchases. This product is ideal for individuals looking for flexibility in their borrowing options. For business owners looking to expand or invest in new opportunities, our outstanding commercial loans totaling $2,233,632 provide the capital needed to grow and thrive. If you're interested in exploring refinancing options or checking your eligibility for any of our loan products, please feel free to reach out. Our team is ready to assist you at (906) 632-5302 during our operating hours: Monday through Friday from 7:30 am to 6:00 pm and Saturday from 7:30 am to 1:00 pm. 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 how Soo Co-op can support you in reaching your financial goals today!

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 are here to guide you through every step of the process, ensuring that you find a mortgage solution that fits your budget and lifestyle.

Unsecured 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. These cards come with various benefits designed to assist you in managing everyday purchases while building your credit score.

Loan Aggregator

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Ensuring Accurate Loan 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 guarantees fair and transparent offers for borrowers. Each listing reflects current rates from legitimate financial institutions, allowing users to compare options confidently.

SOO CO OP CREDIT UNION - Sault Sainte Marie, MI

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