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.
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
Overall | |
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NCUA # | 62203 |
Year Chartered | 1966 |
Employees | 41 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.72% |
Return on Equity - YTD | 7.64% |
Annual Interest Income | $1.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $160.9MM$145.3MM |
Loans | Q1 2025vs Q1 2024 | $94.7MM$88.3MM |
Deposits | Q1 2025vs Q1 2024 | $144.6MM$131.5MM |
Equity Capital | Q1 2025vs Q1 2024 | $15MM$12.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $735K$712K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $612K$271K |
Real Estate Owned | Q1 2025vs Q1 2024 | $6K$58K |
Sorry, we do not have rate data for Wolverine State Credit Union.
Wolverine State Credit Union Locations | ||
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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 |
Branch Office | 2498 Business Loop I-75 | West Branch, MI 48661 |
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