Wolverine State Credit Union
Headquarters
1381 N Bagley St
Alpena, MI 49707
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2024 Overview
General Credit Union Information
Wolverine State is an NCUA insured institution located in Alpena, MI. It was founded in 1966 and has approximately $140.36 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62203 |
| Date Established | 1966 |
| Assets | $140.36 million |
| Loans | $86.18 million |
| Deposits | $126.96 million |
| Capital | $14.35 million |
Field of Membership Restrictions
Besser CU 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.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.35% | $2,500 | $2,999 |
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|
|
Money Market
|
0.35% | $10,000 | $14,999 |
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|
|
Money Market
|
0.35% | $25,000 | $29,999 |
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|
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Wolverine State
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,603 | $2,049 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Wolverine State
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Branches
Below are Wolverine State branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
WOLVERINE STATE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Wolverine State Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Wolverine State. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Wolverine State | U.S. Average |
|---|---|
| 6.77% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Wolverine State had $1,007,646 in non-current loans and $794 in owned assets. To cover these potential losses it had $14,352,340 in net worth and $537,478 in loans loss reserves. That gives it a Texas Ratio of 6.77%.
Net Worth
| Wolverine State | U.S. Average |
|---|---|
| 10.23% | 13.62% |
Wolverine State FCU has a net worth of 10.23% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Wolverine State
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