Charter 62203 · Alpena, MI
Wolverine State Credit Union
Wolverine State Credit Union is a state-chartered credit union in Alpena, Michigan, with $173 million in assets and 9,824 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 9.64%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $173 million
- +6.3% in a year
- Members
- 9,824
- +2.4% in a year
- Net worth ratio
- 9.64%
- Peer median 11.65%
- Loans 60+ days late
- 0.71%
- Peer median 0.70%
- Loans outstanding
- $116 million
- +17.6% in a year
- Shares and deposits
- $156 million
- +6.7% in a year
- Branches
- 5
- 48 employees
- Opened
- 1966
- Michigan charter
How Wolverine State Credit Union compares
NCUA groups credit unions by size; Wolverine State Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 9.64% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.71%, is about the same as the group median of 0.70%. Loans grew 17.6% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 89 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $173 million | 9,824 | $116 million | 9.64% | 0.71% |
| Q1 2026 | $169 million | 9,724 | $111 million | 9.67% | 0.41% |
| Q4 2025 | $166 million | 9,700 | $108 million | 10.01% | 1.55% |
| Q3 2025 | $163 million | 9,681 | $105 million | 10.12% | 0.96% |
| Q2 2025 | $163 million | 9,598 | $99.0 million | 9.87% | 0.80% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 10 million potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 5 sites for Wolverine State Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Wolverine State Credit Union (main office)
1381 N Bagley St, Alpena, MI 49707 - Wolverine State Credit Union
7421 Us Highway 23 N, Alpena, MI 49707 - Wolverine State Credit Union
417 W Chisholm St, Alpena, MI 49707 - Wolverine State Credit Union
201 N State St, Oscoda, MI 48750 - Wolverine State Credit Union
2498 Business Loop I-75, West Branch, MI 48661
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology