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 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

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Health
B+

Health Grade Components

Overall
NCUA #62203
Year Chartered1966
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD7.27%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$103.7MM$101.2MM
LoansQ2 2019vs Q2 2018$61.5MM$56.9MM
DepositsQ2 2019vs Q2 2018$91.1MM$90.9MM
Equity CapitalQ2 2019vs Q2 2018$11.8MM$10.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$583.00K$465.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$957.00K$710.00K
Real Estate OwnedQ2 2019vs Q2 2018$42.00K$0
Rates

Rates for Wolverine State Credit Union are currently being reviewed.

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

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