| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | The First National Bank of St. Ignace | Bank | 6 | $254.7M | 50.30% |
| 2 | U.P. State Credit Union | Credit union | 2 | $59.1M* | 11.67% |
| 3 | Central Savings Bank | Bank | 3 | $48.7M | 9.61% |
| 4 | Soo Co-Op Credit Union | Credit union | 1 | $44.5M* | 8.78% |
| 5 | 4Front Credit Union | Credit union | 1 | $42.4M* | 8.37% |
| 6 | Tahquamenon Area Credit Union | Credit union | 1 | $29.4M* | 5.81% |
| 7 | The State Savings Bank of Manistique | Bank | 1 | $27.6M | 5.45% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2025 | $506.4M | 7 | 15 | The First National Bank of St. Ignace | 50.3% | 2,969 |
| 2024 | $416.0M | 6 | 14 | The First National Bank of St. Ignace | 58.7% | 3,834 |
| 2023 | $467.2M | 6 | 14 | The First National Bank of St. Ignace | 54.6% | 3,540 |
| 2022 | $467.3M | 6 | 14 | The First National Bank of St. Ignace | 58.3% | 3,819 |
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