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EIN 38-1599932

Soo Co-op Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
93
City
Sault Ste Marie
State
Michigan
Year formed
1958
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
To become the members' primary financial institution by providing reliable, comprehensive, courteous and prompt services that are competitive with the market and in tune with members' needs.
Related structure
Soo Co-op Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan; 770 Soo Co-Op CR Un
Total revenues
$11,817,651
2022
Total expenses
$9,544,273
2022
Total assets
$248,562,285
2022
Num. employees
93
2022

Program areas at Soo Co-op Credit Union

The organization provides many services to its members including savings plans, share draft privileges, loans for real estate, cars, boats, vacations, emergencies, and business. The organization also provides investment services through a fully licensed broker and insurance products through third party relationships.

Personnel at Soo Co-op Credit Union

NameTitleCompensation
Lynda EllisPresident and Chief Executive Officer$113,883
Joy HillChief Financial Officer$73,704
Tom ThoresenVice Chairperson$0
Lori LangendorfTreasurer / Director$0
Melissa McClendonVice President$75,957
...and 3 more key personnel

Financials for Soo Co-op Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$10,419,195
Investment income and dividends$1,398,456
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,817,651

Form 990s for Soo Co-op Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-02990View PDF
2020-122021-11-10990View PDF
2019-122021-06-08990View PDF
2018-122020-02-10990View PDF
...and 10 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 4, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
4489 I-75 Business Spur
Sault Ste Marie, MI 49783
County
Chippewa County, MI
Website URL
soocoop.com/ 
Phone
(906) 632-5300
Facebook page
soocoopcreditunion 
IRS details
EIN
38-1599932
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1958
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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