Credit union · NCUA insured
Wolverine State Credit Union
Top CarrotA $169.1M credit union headquartered in Alpena, MI, with 9,724 members and 4 branches in Michigan. Best rates: CDs 4.45% and savings 1.51% APY.
Wolverine State Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 80% of U.S. banks and credit unions
#3 of 7 in Alpena, MI metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Wolverine State Credit Union
Wolverine State Credit Union serves members in the state of Michigan and was formed in 2017 through the merger of Besser Credit Union and Thunder Bay Area Credit Union.
Besser Credit Union originally served employees of Besser Company, while Thunder Bay Area Credit Union was initially called Abitibi Employee Credit Union, serving employees of particle board manufacturer Abitibi.
- Headquarters
- 1381 N Bagley St, Alpena, MI 49707-8101
- NCUA charter
- 62203
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who reside, work, worship or attend school in any county in the State of Michigan are eligible for membership.
Employers and groups
- Employees of Wolverine State Credit Union are eligible for membership.
Family and household
- Members of the immediate families of eligible persons are eligible for membership.
- A spouse of a deceased member is eligible for membership if accepted prior to remarriage.
Other ways
- Any legal entity that is comprised for the most part of the same general group as the membership of the credit union is eligible for membership.
Branches
4 branches in Michigan
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Michigan
4 branches
Alpena area · 2
- Wolverine State Credit UnionMain office1381 N Bagley St, Alpena, MI 49707Directions
- Wolverine State Credit Union417 W Chisholm St, Alpena, MI 49707Directions
Oscoda area · 1
- Wolverine State Credit Union201 N State St, Oscoda, MI 48750Directions
West Branch area · 1
- Wolverine State Credit Union2498 Business Loop I-75, West Branch, MI 48661Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.64% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.71% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.12% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $75 | $76 | — |
- CapitalNet worth ratio9.64%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.71%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.12%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$75Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Wolverine State Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.