# SOO CO-OP
Sault Sainte Ma, MI · NCUA charter 62325 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/soo-co-op-62325

Who the members are: state charter, organized 1958, low-income designated. 24,668 members of 10,140,459 potential (0.2% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $324.8M |
| Members | 24,668 (2.3% YoY) |
| Full-time staff | 66 |
| Net worth | $43.2M |
| Net worth ratio | 13.3% (p75 of band) |
| ROA (annualized) | 1.43% (p89 of band) |
| Total delinquency | 0.27% (p19 of band) |
| Net charge-offs (annualized) | 0.39% (p49 of band) |
| Loans / shares | 64% (p29 of band) |
| Cash / assets | 20.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.67% (p58 of band) |
| Operating expense / assets | 3.42% (p38 of band) |
| Vehicles % of loans | 53% (p84 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 66% |
| Third-party paper % of net worth | 161% (p73 of band) |
| Vehicle delinquency | 0.25% (p21 of band) |
| Vehicle NCO | 0.34% (p31 of band) |
| Repossessed % of vehicle book | 0.06% (p64 of band) |
| Real estate % of loans | 25% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 8% |
| Commercial % of net worth | 5% |
| Core shares % of member funds | 59% |
| Certificates % of member funds | 22% |
| Average share balance | $5,952 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 13% |
| Average loan balance | $12,712 |
| Loans granted, annualized | $60.0M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | members leaving |  |
| 2017-06 | 2 | delinquency rising | members leaving |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | delinquency rising |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | delinquency rising |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | members leaving |  |
| 2022-09 | 1 |  | members leaving |
| 2022-12 | 2 | assets shrinking |  |
| 2023-03 | 1 |  | assets shrinking |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | delinquency rising |  |
| 2023-12 | 1 |  | delinquency rising |
| 2024-03 | 3 | net worth falling, delinquency rising |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 1 |  | net worth falling, delinquency rising |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | net worth falling |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 2 | delinquency rising |  |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-03-07 [Soo Co-op Credit Union celebrates growth - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMilwFBVV95cUxQNE1YNjhnNXhRRWsxNlR2OERMYzMyM3l6Vm1reUNHMjNvejhEUlRWTHRJM2EwS0QzRmc2Ri0xeVhTMlBxSlNhSDdVQzFUWVotX0V5VGVHQ0c0U2JocVd6V1hXTk92TlRyLU5ic1k5b09ZUXE1VnRrdWZGcXdlVjZHamhVX2w2d21zS1U5VmF3em5BdXIzNkxV?oc=5) · Sault Ste. Marie Evening News
- 2023-07-06 [Patricia "Patti" Mattson - View Obituary & Service Information - Family Life Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE4tUGhVT3hnX2lOR1dBdXdLd3o0WDZnVGxpdDY3NEtIX3I4eU1yeklvSVRRa0lodldST0l1b1NKYXlydVZGU1h3TzFFQ2dyS2d3NlFEcU9KWXEyMmFBQTU5TDNJWHJiOWZTbDNFdG9B?oc=5) · Family Life Funeral Homes
- 2012-05-10 [Soo Co-op Grocery to close - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMilAFBVV95cUxQbGNWUFhmRThOY0lkeWxURU5wSjM0endWMHdsS3RSd0tDWEdWLVBGOE05cWh0MkN2cHpxNTFWV3RKbTZSWko0NEx5alJLX3ZRbWw0c1h5NWprSzZBZG95RklJQ3BnZ2t2NnVFSE5MX3AxUGVGRThhSXBJNmFpRDJOS2ZpWEh2QnhGZXk5d0xhQ3ZUYjEw?oc=5) · Sault Ste. Marie Evening News
- 2025-12-30 [Sault Ste. Marie will welcome in 2026 with annual anchor drop - sooleader.com](https://news.google.com/rss/articles/CBMiqgFBVV95cUxNaXNPYUQwYk5Ed2U5cUZuRDhzVEoxNTI3ajlneUVGZUZENVp3QU5pLWlDaUNyRGhJc2NMMHRnNXdCeXNwY1FlVnpZbjZpdlVrXzh2WGNJekdxVU5MNVB4WkRDNTJNMkhTa1BCQmRVNGJubFg1Q2JVaF92YUhYLUJJeV9LS2l1QkJQd1ZzeUFpal8zY3BMN2pFcG5Ndld1RHZtdFcwTGExb0VVdw?oc=5) · sooleader.com
- 2023-07-07 [Patricia "Patti" Mattson - legacy.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxORWthWFFQTjlKM0lCam84U3BHd1pfUU1qZUs2NzB1VGdnT0R5RXZfMS1Ma0dhck9CaWszd1FnREJscklENFFQUWFXc2dlSHNDcXFVaWRsa2NyQ05JQ0t6aVItMWRxdjBlc0tMOWRmSUxYTjY4SmluaWM0NXJQbUJlSG9Ha3psUQ?oc=5) · legacy.com
- 2018-06-30 [Credit union assists students in higher education - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMipAFBVV95cUxNVzlLLW4zV1R4N05MT2dMeWxieGJwcHpSYUZuVU5NZHloWmZIcEswOEkwVG9BcTNVekZDZVdfOGl1a21MTEJCZHNsQTJDaHlmZHpQWmxZSWZXT0JJbXY3YWRONTJHYjk1cl9EWTVyNEVlcUd6Q3hFbFpUTnhGWUxRQnNEODVZNF9FOXJ6RVRuanJDQlRFNXRtNV9vV004dGZUa3VxMQ?oc=5) · Sault Ste. Marie Evening News
- 2016-01-20 [Sault Michigan waste collection update - Sault Ste. Marie News - SooToday.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNakl6ZVFQZExfU0RHZ2NfeHZVem9nUGlnT2NHRTZzZXVKMHRLMDhjWE0yRmxVWVpMN0xQWVRjTEIxN2VnMEVPRjlIY1Y0SjZ0cWdwd3V4WTk3WTBRVTV0ZkwwTi1ZaGZXU1c2ZXRrOHRQZERhSGM3dEZhZTE5Mkx5SDUxVW9ZSEtX?oc=5) · SooToday.com
- 2020-07-10 [Chippewa County students awarded Soo Co-op Scholarships - Sault Ste. Marie Evening News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQQU5pY0FWZ2ctMXJ5eVhwUkIwS2V1Y1ZuSzBtV2pwdVhxS0RQSFFDbnZaREdXbW9HTkl1c2RBdDBVQXhMRElLbkZwTXBJMDdvSGN1NHVRdTZCZDJsa01zWXAwMEQ3eHYxT0lsMzdGeklhQlY2ajIzSkI3TG84SldFc3JXclp4SUt0OG94QzVHVS1XemFNYm5SeDVncTRqc3pITVM2bmdKcDdaOFB4cFR1blhVQ041cnNpZXpV?oc=5) · Sault Ste. Marie Evening News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62325 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/53.json (key "62325", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=62325
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide