State credit union · Sault Sainte Ma, Michigan · NCUA charter #62325
Soo Co-op
Health score 99/100 (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 99
- Health / 100
- $313.2M
- Total assets
- 24,582
- Members
- 12.5%
- Net-worth ratio
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 - Five Health Pillars
Below, five 0-100 sub-scores, one per pillar of the composite. Weight and sum them and the result matches the headline health score above exactly - same NCUA 5300 figures, no normalisation tricks.
- Capital (net worth ratio)100
- Asset quality (delinquency)100
- Earnings (ROA)100
- Member growth94
- Liquidity (loan-to-share)96
Weighted composite: 99/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
At 12.54%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 12.54% | 30% |
| Delinquency Rate | 0.36% | 25% |
| Return on Assets | 1.09% | 15% |
| Member Growth | 4.24% | 15% |
| Loan-to-Share Ratio | 67.58% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 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
What This Data Says About Soo Co-op
Charter #62325, peer group $100M–$500M, a cohort of 1069 similarly-sized institutions: that's Soo Co-op, a state credit union in Sault Sainte Ma, Michigan with 24,582 members, $313.2M in total assets, and $184.4M in outstanding loans as of Q4 2025. The five-factor composite scores it 99/100 (Excellent), helped by a net worth ratio of 12.54% - above the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules.
0.36% of the loan book sits 60+ days past due, the headline loan-quality read - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running tighter than peers. Deposit deployment is captured by the 67.58% loan-to-share ratio, within the 60-80% range most industry analysts consider optimally balanced between yield and liquidity. Return on assets stands at 1.09% on net income of $3.4M for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by 4.24%. The quarterly NCUA 5300 Call Report is the source for everything above, current through 2025Q4. Field of membership (currently: Other) decides eligibility to join. NCUSIF deposit-insurance coverage and usage guidance for this data live on our disclaimer page.
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.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is Soo Co-op financially healthy?
A 12.54% 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. 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 12.54% 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.
Read our methodology - how this data is sourced, computed, and verified.
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.