Wolverine State Credit Union


Overview / Commentary
989-356-1880
1381 N Bagley St
Alpena, MI 49707

Wolverine State Credit Union is headquartered in Alpena and is the 90th largest credit union in the state of Michigan. It is also the 1,448th largest credit union in the nation. It was established in 1966 and as of March of 2025, it had grown to 41 employees and 9,562 members at 5 locations. Wolverine State Credit Union has an A 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

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Health

Health Grade Components

Overall
NCUA #62203
Year Chartered1966
Employees41
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD7.64%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$160.9MM$145.3MM
LoansQ1 2025vs Q1 2024$94.7MM$88.3MM
DepositsQ1 2025vs Q1 2024$144.6MM$131.5MM
Equity CapitalQ1 2025vs Q1 2024$15MM$12.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$735K$712K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$612K$271K
Real Estate OwnedQ1 2025vs Q1 2024$6K$58K
Rates

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Locations


Wolverine State Credit Union Locations
Branch Office7421 US Highway 23 NAlpena, MI 49707-7941
Branch Office1381 N Bagley StAlpena, MI 49707-8101
Branch Office417 W Chisholm StAlpena, MI 49707-2422
Branch Office201 N State StOscoda, MI 48750-1752
Branch Office2498 Business Loop I-75West Branch, MI 48661

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