Soo Co-op Credit Union Sault Sainte Marie MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Soo Co-op, your trusted financial partner located at 2186 Shunk Rd, Sault Sainte Marie, MI 49783. Since our establishment in 1958, we have proudly served our community with a focus on providing accessible and reliable financial services. With a strong membership base of over 23,500 members, we are committed to meeting your needs and supporting your financial journey. At Soo Co-op, we understand that every member's story is unique. Whether you're seeking personal banking options like checking and savings accounts or looking to finance your next vehicle with one of our auto loans, we're here for you. Our total assets stand impressively at $281,330,550, reflecting our commitment to stability and growth. We also manage $26,149,773 in total deposits, ensuring that your hard-earned money is secure with us. Our dedicated team of 89 employees works tirelessly under the leadership of CEO Lynda Ellis and Board President Edwin Cook to foster an environment where members feel valued and supported. We pride ourselves on being a community-oriented institution that understands local needs offering everything from mortgage loans to business banking services. While you can visit us at our branch for all your banking needs, remember that for official correspondence, you can also reach out to us via our mailing address at the same location. Have questions? Don't hesitate to call us at 906-632-5360. Join us today and experience the Soo Co-op difference! For more information about our services or to become a member, visit us online at www.soocoop.com. We look forward to serving you!

Branch History & Mission

Join Us

As part of Soo Co-op's legacy, we're inviting you to experience what being a member truly means. Join us in making a difference in Sault Sainte Marie by becoming part of a cooperative that values people over profits. Explore your options today by visiting our website or learn more about membership eligibility here. Together, let's continue building a brighter future for our community!

Our Mission

At Soo Co-op, our mission is simple yet profound: to provide quality financial services while nurturing the well-being of our members and community. We are committed to empowering individuals through personal banking solutions such as checking and savings accounts, auto loans, mortgages, and credit cards with rewards. But what sets us apart is not just what we offer; it's how we do it. We understand that each member has unique needs. That's why we prioritize customer service and transparency in every interaction. Our team is here to guide you through your financial journey whether you're looking for advice on debt consolidation or exploring business banking options. We also recognize the importance of accessibility in today's world. Our branch features ADA compliance measures ensuring everyone can comfortably engage with us. Additionally, ATM availability means you have access to your funds whenever you need them.

Our Story

Located at 2186 Shunk Rd, our branch is easily accessible for all members. As we evolved over the years, we embraced changes that allowed us to better meet the needs of our community. From offering traditional banking products to expanding into online and mobile banking options, we've made it our mission to ensure that everyone can access essential financial tools. Throughout our history, we've been dedicated to fostering relationships with local businesses and organizations. By partnering with various community outreach programs, we strive to make a positive impact beyond just banking. We believe that supporting our local economy strengthens the bonds between us all. While members can visit us at 2186 Shunk Rd, official correspondence should be sent to the same address as our mailing address. You can reach us at 906-632-5360 during our lobby hours: Monday and Tuesday from 10:00 AM to 3:00 PM.

Branch Location & Accessibility

Accessibility Features

At Soo Co-op, we believe that banking should be accessible to everyone. Our branch features ADA-compliant facilities and ramps to accommodate all members. We also have ample parking available, so you can easily find a spot when you visit us.

Call to Action

We invite you to come by and experience firsthand what makes Soo Co-op special. If you have any questions or need assistance before your visit, feel free to call us at 906-632-5360. Our team looks forward to serving you soon!

Operating Hours

We know your time is valuable, which is why our lobby hours are tailored to fit your schedule. You can visit us on Monday and Tuesday from 10:00 AM to 3:00 PM. Whether you're looking to open an account, apply for a loan, or ask questions about our services, our friendly staff is here to help during those hours.

Services Offered

Soo Co-op offers a range of personal banking services including checking and savings accounts, auto loans and vehicle financing, mortgage loans and refinancing options, personal loans for debt consolidation, and rewarding credit cards. For business owners, we also provide merchant services and business loans to support your ventures. Plus, enjoy the convenience of online and mobile banking right at your fingertips!

Member Eligibility

At Soo Co-op, we believe that joining our community is more than just opening an account it's about becoming part of a family that supports each other. If you're looking to become a member, you'll find that eligibility is simple and welcoming! Anyone who lives, works, worships, or attends school in the Chippewa County area can join us. We value every member and aim to provide you with personalized financial services that cater to your unique needs. To learn more about the eligibility requirements, feel free to visit our detailed page at http://www.soocoop.com/become-a-member. Once you're ready to take the next step, opening an account with us is a breeze! Just head over to http://www.soocoop.com/loanapplication for all the information you need to get started. If you have any questions or need assistance, don't hesitate to reach out at (906) 632-5360. We can't wait to welcome you into our thriving community here at Soo Co-op, located at 2186 Shunk Rd Sault Sainte Marie Mi 49783!

Business Banking & Commercial Services

Financing Your Growth

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. - With an outstanding commercial loan portfolio of $2,233,632, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Make a Difference

Imagine having a reliable partner that helps streamline your payment processing and enhances customer satisfaction. Our merchant services provide practical tools that simplify transactions and boost your cash flow. By accepting various payment methods, you can cater to more customers and keep your business running smoothly. If you're ready to take your business to the next level or have questions about our offerings, visit us at 2186 Shunk Rd, Sault Sainte Marie, MI 49783 or give us a call at 906-632-5360. Let's work together to fuel your success!

Comprehensive List Of Services

Additional Services

If you ever need assistance or have questions about your account, don't hesitate to reach out to us at 906-632-5360 during our lobby hours on Monday and Tuesday from 10:00 AM to 3:00 PM. We're here to help make banking easier for everyone in our community. At Soo Co-op, we're not just about transactions; we're about building relationships with our members. Explore all the ways we can support your financial journey today! Visit us online at www.soocoop.com or stop by our branch to learn more about how we can assist you in achieving your financial goals.

Business Banking

For our business members, we have tailored solutions that include merchant services and business loans. These services are designed to help local businesses thrive by providing the necessary financial support and tools they need.

Credit Cards & Rewards

We also provide credit cards with rewards that allow you to earn benefits on every purchase you make. This can be especially useful for those who enjoy traveling or shopping, as it helps you get more out of your spending.

Digital Banking Features

In today's fast-paced world, convenience is key. Our online and mobile banking features allow you to manage your accounts from anywhere at any time. You can easily check balances, transfer funds, and pay bills with just a few taps on your device. We also provide access to ATMs for quick cash withdrawals and basic shared branch transactions such as deposits and withdrawals for partner credit union members.

Personal Banking

Our personal banking options include checking and savings accounts that help you keep track of your money while earning interest. If you need a new vehicle, consider our auto loans and vehicle financing options that make purchasing a car easy and affordable. For those planning to buy a home, we offer mortgage loans and refinancing solutions that can fit various budgets and lifestyles. Additionally, if you're facing unexpected expenses or need to consolidate debt, our personal loans and debt consolidation services are here to assist you.

Digital & Online Banking

E-Statements for Easy Tracking

Keeping track of your finances has never been easier thanks to our e-statements. Instead of waiting for paper statements in the mail, you can receive your monthly statements electronically. This not only saves trees but also helps you stay organized and reduces clutter.

Key Features

Our online banking service provides 24/7 access to your accounts, allowing you to check balances, transfer funds, and pay bills whenever it suits you. Enjoy the peace of mind that comes with knowing your financial information is protected with top-notch security measures. With our mobile application, managing your money is even simpler. You can perform essential banking tasks right from your smartphone. Although we don't currently support mobile payments, you can still enjoy person-to-person transfers, making it easy to send money to friends or family with just a few taps.

Secure and Simple Transactions

While we do not offer electronic signature authorization at this time, our commitment to your safety remains strong. Our user-friendly interface ensures that navigating through your account is intuitive. You can easily set up alerts for account activity and monitor transactions in real-time. At Soo Co-op, we're dedicated to providing accessible and efficient banking solutions tailored for you. Explore all these features and more by visiting us online today!

Financial Strength

Commitment to 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 supports your financial goals with $3,957 in used auto loans and $171,068,664 in total loans and leases.

Growing Membership

Total Share and Deposit Accounts: 46,432, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $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 2186 Shunk Rd Sault Sainte Marie Mi 49783 or call (906) 632-5360 to learn more about how we can help you achieve your financial goals.

Member Savings and Investments

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.

Our 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.

Loan Offering

Additional Options

In addition to these offerings, we provide personal loans for debt consolidation and other financial needs. If you're considering refinancing any existing loans or exploring eligibility options for our products, our team is more than happy to discuss how we can assist you further. For more information about our loan products or to speak with one of our representatives, feel free to contact us at 906-632-5360. We look forward to helping you navigate your financing journey!

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 looking for a brand-new model or a reliable used car, we have flexible options tailored to your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $2,233,632 provide the capital needed to grow and expand your business. We recognize that every business has unique needs; our lending specialists are ready to work with you to create a financing solution that fits.

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 understand that securing a mortgage can be daunting, so our team is here to guide you through every step of the process.

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 competitive rates and no collateral requirement, making them an excellent choice for those looking to build or rebuild their credit.

Loan Aggregator

Accurate Loan Comparisons

LendMesh prioritizes accuracy in its loan comparisons through several key features: - Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. This means you can trust that the information you receive is accurate and up-to-date. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This commitment to neutrality allows users to make decisions based solely on their financial needs. - Real-Time Rate Comparisons: The platform offers up-to-date loan rates from multiple institutions, helping users make informed decisions quickly and efficiently. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the platform's effectiveness in delivering valuable insights. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

SOO CO OP CREDIT UNION - Sault Sainte Marie, MI

Compare Loan Rates Near You

Loan rates in Sault Sainte Marie, MI (49783)