Wolverine State Credit Union is headquartered in Alpena and is the 100th largest credit union in the state of Michigan. It is also the 1,601st largest credit union in the nation. It was established in 1966 and as of June of 2019, it had grown to 36 employees and 9,749 members at 4 locations. Wolverine State Credit Union has a B+ health rating.
Field of Membership Restrictions
Wolverine State Credit Union is open to any resident, church member, or active employee in Alpena County or within these Michigan towns; Krakow, Posen, Pulaski, Presque, Isle Oscoda, Alcona, and Montmorency. Membership eligibility also extends to include seniors (55+) who receives some type of retirement or pension and resides in a county where a Besser CU office is located, direct family members of CU members, CU employees, widows/widowers that remain unmarried, and various organizations that fit the outlined qualifying criteria.
See current membership details
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62203 |
| Year Chartered | 1966 |
| Employees | 36 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 7.27% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $103.7MM$101.2MM |
| Loans | Q2 2019vs Q2 2018 | $61.5MM$56.9MM |
| Deposits | Q2 2019vs Q2 2018 | $91.1MM$90.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $11.8MM$10.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $583.00K$465.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $957.00K$710.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $42.00K$0 |
Rates for Wolverine State Credit Union are currently being reviewed.
| Wolverine State Credit Union Locations | ||
|---|---|---|
| Branch Office | 7421 US Highway 23 N | Alpena, MI 49707-7941 |
| Branch Office | 1381 N Bagley St | Alpena, MI 49707-8101 |
| Branch Office | 417 W Chisholm St | Alpena, MI 49707-2422 |
| Branch Office | 201 N State St | Oscoda, MI 48750-1752 |