2025-11-17T11:31:08-05:00 2024-12-31 383133790 ANDREWS HOOPER PAVLIK PLC 2311 EAST BELTLINE AVE SE STE 200 GRAND RAPIDS MI 49546 990 2024-01-01 381599932 SOO CO-OP CREDIT UNION SOOC 9066325300 4489 I-75 BUSINESS SPUR SAULT STE MARIE MI 49783 LYNDA ELLIS PRESIDENT/CEO 9066325332 2025-11-13 true true ERIC A RYAN P01388772 6169426440 2025-11-13 2024 2025-03-06 01:10:19Z LYNDA ELLIS 4489 I-75 BUSINESS SPUR SAULT STE MARIE MI 49783 16668733 false X WWW.SOOCOOP.COM X 1958 MI 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. 7 6 110 7 381321 0 12294219 14135100 1394387 2533633 0 13688606 16668733 0 0 4686197 5171876 0 0 6358208 8182830 11044405 13354706 2644201 3314027 259141916 290614498 231628937 258723919 27512979 31890579 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. false false 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. false false false false false false false true false true false false false true false true false false false false false false false false false false false false false false true false false false false false false false false true false false false true 5491 0 110 true true true false false false false false false false X 7 6 false false false false true true false true false false true true false true true true true true true true false X JOY HILL 9066325332 4489 I-75 BUSINESS SPUR SAULT STE MARIE MI 49783 LYNDA ELLIS PRESIDENT/CE 40.00 X 124294 0 11202 MELISSA MCCLENDON VICE PRESIDE 40.00 X 89672 0 5608 JOY HILL CHIEF FINANC 40.00 X 82187 0 8118 STEVEN ROGERS DIRECTOR & E 8.00 X 17341 0 353 EDWIN COOK CHAIRPERSON 1.00 X X 0 0 0 MONICA HOOLSEMA DIRECTOR 1.00 X 0 0 0 LORI LANGENDORF TREASURER 1.00 X X 0 0 0 JO ANNE LUSSIER SECRETARY 1.00 X X 0 0 0 TYLER MARTIN DIRECTOR 1.00 X 0 0 0 JIM ROSE DIRECTOR 1.00 X 0 0 0 313494 25281 1 false false false VELERA 580 CARILLON PARKWAY ST PETERSBURG FL 33716 ATM/DEBIT CARD 789882 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE RD FARMINGTON HILLS MI 48334 DATA PROCESSING 681000 FIS 347 RIVERSIDE AVE JACKSONVILLE FL 32202 CREDIT CARD PRO 322064 PENINSULA FIBER NETWORK LLC 1901 WEST RIDGE STREET MARQUETTE MI 49855 DATA FIBER CONN 116596 4 LOAN INTEREST 524298 9996909 9996909 FEES AND CHARGES 523000 3852340 3471019 381321 OTHER PROGRAM SERVICES 522100 285851 285851 14135100 2532583 2532583 1050 1050 1050 1050 16668733 13753779 381321 2533633 338775 3663279 393010 475477 301335 18910 42652 110330 290026 865110 671508 356682 20219 108182 2813972 208739 79346 ATM EXPENSE 883868 VISA EXPENSE 617977 LOAN SERVICING FEES 561911 PROVISION FOR LOAN LOSSES 290927 242471 13354706 0 0 0 14522522 47632160 2185738 2185738 165850240 169117723 422229 529757 9254639 4694840 4711128 4559799 64561546 59197754 566250 566250 6322263 6825317 259141916 290614498 1639154 1610990 56561 58864 229933222 257054065 231628937 258723919 X 27512979 31890579 27512979 31890579 259141916 290614498 X 3314027 1063573 X false true X true false false true X 836617 836617 6088683 2654657 3434026 22335 22335 2216790 1931045 285745 90214 86803 3411 4559799 MEMBERS' SHARES, SAVINGS AND CERT. 257054065 257054065 17732306 1063573 1063573 16668733 16668733 13354706 13354706 13354706 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION COLLECTS REAL ESTATE TAXES AND INSURANCE PREMIUMS ON CERTAIN MORTGAGE LOANS AND HOLDS THEM IN ESCROW ACCOUNTS. THE ESCROW ACCOUNTS WILL BE PROPERLY DISTRIBUTED TO TAXING AGENCIES, INSURANCE COMPANIES, OR RETURNED TO MEMBERS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN COLI CASH SURRENDER VALUE 86,200 UNREALIZED HOLDING GAIN ON OTHER INVESTMENTS 1,167,059 ACTUARIAL LOSS ON OTHER POST-EMPLOYMENT BENEFITS 47,035 NET GAIN ON OTHER POST-EMPLOYMENT BENEFITS REALIZED -236,721 LYNDA ELLIS PRESIDENT DEFERRED COMPENSATION FUNDING X 1417488 2185738 false true true 2185738 SCHEDULE L, PART V ADDITIONAL INFORMATION FROM PART II: (A) NAME OF PERSON: LYNDA ELLIS (B) RELATIONSHIP WITH ORGANIZATION: PRESIDENT & CEO OF ORGANIZATION (C) PURPOSE OF LOAN: DEFERRED COMPENSATION FUNDING SECURED BY SPLIT DOLLAR LIFE INSURANCE FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION'S CAPITAL CONSISTS OF PAYMENTS ON SHARES THAT HAVE BEEN MADE BY ITS MEMBERS. THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE NOMINATING COMMITTEE ACCEPTS APPLICATION FROM INTERESTED PARTIES AND NOMINATES AT LEAST ONE MEMBER FOR EACH BOARD OF DIRECTOR VACANCY, TO BE ELECTED AT THE ANNUAL MEMBERSHIP MEETING. EACH MEMBER THAT HOLDS AT LEAST ONE FULLY PAID SHARE AND WHO HAS ATTAINED THE AGE OF EIGHTEEN, IS ENTITLED TO ONLY ONE VOTE, REGARDLESS OF THE NUMBER OF SHARES OWNED. FORM 990, PAGE 6, PART VI, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS RE-SIGNED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES FOR OFFICERS ARE BASED ON A WAGE SCALE SET BY THE WAGE COMMITTEE, WHICH IS APPROVED BY THE BOARD OF DIRECTORS AND RECORDED IN THE MEETING MINUTES. A COMPENSATION SURVEY IS REVIEWED AND COMPARED BY THE WAGE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES FOR OFFICERS ARE BASED ON A WAGE SCALE SET BY THE WAGE COMMITTEE, WHICH IS APPROVED BY THE BOARD OF DIRECTORS AND RECORDED IN THE MEETING MINUTES. A COMPENSATION SURVEY IS REVIEWED AND COMPARED BY THE WAGE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND THE OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN COLI CASH SURRENDER VALUE 86,200 UNREALIZED HOLDING GAIN ON OTHER INVESTMENTS 1,167,059 ACTUARIAL LOSS ON OTHER POST-EMPLOYMENT BENEFITS 47,035 NET GAIN ON OTHER POST-EMPLOYMENT BENEFITS REALIZED -236,721 TOTAL 1,063,573 SCCU SERVICES LLC 536 BINGHAM AVE SAULT ST MARIE MI 49783 611523169 INSURANCE MI 240292 11672 SOO CO-OP