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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Soo Cooperative Credit Union

Soo Cooperative Credit Union

Fiscal year ending 2024. Filed on November 17, 2025.

4489 I-75 Business Spur
Sault Ste Marie, Michigan 49783

Soo Cooperative Credit Union (EIN: 38-1599932) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Soo Cooperative Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 3 out of 110 total employees. Among the employees shown here, the average compensation is $107,027. The highest compensated employee at Soo Cooperative Credit Union is Lynda Ellis with fiscal year 2024 compensation of $135,496.

Revenue, expenses, and employee compensation

Revenue

$16,668,733

Expenses

$13,354,706

Employee compensation

$5,171,876
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lynda Ellis
President and Chief Executive Officer
$135,496
$124,294 No related comp$11,202
Melissa McClendon
Vice President
$95,280
$89,672 No related comp$5,608
Joy Hill
Chief Financial Officer
$90,305
$82,187 No related comp$8,118

Benchmark Employee Compensation

Non-Employee Board Members

Steven Rogers
Director and E
$17,694
$17,341 No related comp$353
Jim Rose
Director
No compensation reported
Edwin Cook
Chair
No compensation reported
Tyler Martin
Director
No compensation reported
Lori Langendorf
Treasurer
No compensation reported
Monica Hoolsema
Director
No compensation reported
Jo Anne Lussier
Secretary
No compensation reported

Contractors

Velera
ATM/Debit Card
$789,882
Member Driven Technologies
Data Processing
$681,000
Fis
Credit Card Pro
$322,064
Peninsula Fiber Network LLC
Data Fiber Conn
$116,596

Mission Statement

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.

Revisions to this organization profile

November 17, 2025:
2024 Soo Cooperative Credit Union 990 filed
October 29, 2024:
2023 Soo Cooperative Credit Union 990 filed
November 13, 2023:
2022 Soo Cooperative Credit Union 990 filed

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