State credit union · Sault Sainte Ma, Michigan · NCUA charter #62325
Soo Co-Op
Health score 99/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 99
- Health / 100
- $313.2M
- Total assets
- 24,582
- Members
- 13.3%
- Net-worth ratio
Soo Co-Op scores 99/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $313.2M; members 24,582; net-worth ratio 13.31%; health rank #49 of 4,374; healthier than 98th of scored peers.
5300 filing masthead
NCUA 5300 Call Report Masthead
#49 of 4,374 health · 2025Q4Soo Co-Op · health 99/100 · $313.2M · 2025Q4
- DELQ 99/100
- ROA 13.3%
- ASSETS 0.36%
- MEM 1.09%
- RANK $313.2M
- PHOTO 24,582
- BOOK #49/4,374
- CHARTER Old West
- NCUSIF 62325
Call Report peers
Soo Co-Op in the assets neighbourhood
Soo Co-Op's $313.2M assets sit next to Old West ($313.2M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Soo Co-Op vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
99 Top 2% higher than 98% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
Soo Co-Op - Share Insurance Coverage
Below: composite supervisory bracket and risk-based capital for charter #62325, per the 2025Q4 NCUA Call Report. Our deposit-insurance coverage note explains how the $250,000 NCUSIF ceiling works.
Soo Co-Op: Call Report deltas vs peers
- Net Worth Ratio leads the peer set - 13.31% here, 12.11% peer average (+1.20 pp).
- Widest shortfall vs peers is Loan-to-Share Ratio: -4.62 pp (67.58% vs 72.20%).
Peer averages are NCUA 5300 means for the $100M–$500M cohort (1069 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Where Soo Co-Op sits in Michigan
- Health composite ranks #1 of 171 among scored Michigan credit unions.
- Assets rank #62 of 171 inside Michigan ($313.2M reported).
- Member book place in Michigan: #53 of 171.
In-state ordinals use the live credit_unions table for MI only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
Soo Co-Op Call Report trajectory
Soo Co-Op: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +3.7% from $313.2M (2025Q4) to $324.8M (2026Q1).
- Net-worth ratio shifted -0.12 pp (13.43% → 13.31%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
At 13.31%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 99/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 99.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 25.0 pts
- Return on Assets 15.0 pts
- Member Growth 14.1 pts
- Loan-to-Share Ratio 14.9 pts
Soo Co-Op health metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 13.31% | +1.20 pp |
| Delinquency Rate | 0.36% | -0.54 pp |
| Return on Assets | 1.09% | +0.46 pp |
| Member Growth | 4.24% | - |
| Loan-to-Share Ratio | 67.58% | -4.62 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Soo Co-Op filing history
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $324.8M | - |
| 2025Q4 | $313.2M | 24,582 |
| 2024Q4 | $290.6M | 23,583 |
| 2023Q4 | $259.3M | 24,132 |
Credit Union Details
- Charter Number
- 62325
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Michigan
- City
- Sault Sainte Ma
- Data Quarter
- 2025Q4
Branch Locations (6)
Soo Co-Op operates 6 offices across 4 cities, per its most recent NCUA branch filing.
| Office | City |
|---|---|
| Soo Co-op Credit Union (Main Office) | Sault Sainte Marie, MI |
| Brimley Branch | Brimley, MI |
| Cedarville Branch | Cedarville, MI |
| Kinross Branch | Kincheloe, MI |
| Bingham Branch | Sault Sainte Marie, MI |
| Kewadin Branch | Sault Sainte Marie, MI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Michigan
A look at other Michigan credit unions, ranked by how closely their peer group and asset size match this one.
Other-state peers near Soo Co-Op
Two NCUA Call Report peer sets for Soo Co-Op, both outside Michigan so the neighborhoods are not state containment (the Nearby list above stays in-state).
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($313.2M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (99/100 here).
Using this data
- Soo Co-Op ranks #49 of 4,374 nationally on financial health and #1 of 171 in MI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Forest Area is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Forest Area
- Rates and health both vary by institution, not just by state -- see how Michigan credit unions compare overall before assuming this one is typical. Michigan state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
Frequently Asked Questions
Is Soo Co-Op financially healthy?
A 13.31% net worth ratio and a 0.36% delinquency rate feed into Soo Co-Op's financial health score of 99/100 (Excellent), from NCUA 5300 Call Report data as of Q4 2025. On the national health ranking (same basis as /rankings/healthiest), it sits at #49 of 4,374; by total assets it ranks #1,014 of 4,374 nationally (same basis as /rankings/largest); and #62 of 171 within Michigan. The scale: above 80 excellent, below 50 warrants closer monitoring.
How does Soo Co-Op compare to other credit unions?
Five weighted metrics from NCUA filings produce Soo Co-Op's 99/100 score on PlainCU's health composite, compared to a peer group average for $100M–$500M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Soo Co-Op?
Membership eligibility for Soo Co-Op depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact Soo Co-Op directly for current membership requirements and application steps.
Is my money safe at Soo Co-Op?
Federal credit unions like Soo Co-Op are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Soo Co-Op's net worth ratio of 13.31% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Soo Co-Op offer compared to banks?
Credit unions like Soo Co-Op are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Soo Co-Op directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.