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Wolverine State Credit Union

Popular Accounts at this Credit Union

0.10%SavingsRegular Share
0.10%SavingsSpecial Share
0.25%CheckingBig ā€œDā€ Checking Account

Overview / Commentary
1381 N Bagley St
Alpena, MI 49707-8101

Wolverine State Credit Union is headquartered in Alpena and is the 102nd largest credit union in the state of Michigan. It is also the 1,590th largest credit union in the nation. It was established in 1966 and as of September of 2017, it had grown to 20 employees and 11,720 members at 2 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.
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Health Grade Components

NCUA #62203
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD1.05%
Return on Equity - YTD8.74%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$100.0MM$71.1MM
LoansQ3 2017vs Q3 2016$49.0MM$29.8MM
DepositsQ3 2017vs Q3 2016$88.7MM$63.1MM
Equity CapitalQ3 2017vs Q3 2016$10.4MM$7.5MM
Loan Loss AllowanceQ3 2017vs Q3 2016$406.00K$122.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$499.00K$375.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$78.00K
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Wolverine State Credit Union Savings Account Rates

1.00%--Roth IRA Share
1.00%--Roth Conversion IRA Share
1.00%--Coverdell IRA Share
1.00%--Traditional IRA Share
0.10%--Regular Share
0.10%--Christmas Club
0.10%--Vacation Club
0.10%--Special Share
0.10%--Organizational Share

Wolverine State Credit Union Checking Account Rates

0.25%$500-Big ā€œDā€ Checking Account

Wolverine State Credit Union Locations
Branch Office7421 US Highway 23 NAlpena, MI 49707-7941
Branch Office1381 N Bagley StAlpena, MI 49707-8101