Wolverine State Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381384940 ✦ Alpena, MI ✦ Designated as a 501(c)(14)

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Overview

What is Wolverine State Credit Union?

Wolverine State Credit Union is a financial institution based in Alpena, Michigan, with a strong presence among its 9,573 members as of December 31, 2022. The organization offers various deposit account options, including savings, checking, and certificates. Its mission is to serve as Michigan's leading Credit Union, aiming to ensure the financial prosperity of each member. With a dedicated team of 57 employees, Wolverine State Credit Union is committed to providing financial services that cater to the needs of its members.


Official website here: www.wolverinescu.com

What do the Facebook reviews say about Wolverine State Credit Union?

98% of 4 reviewers on Facebook recommend Wolverine State Credit Union. Here is a summary of their reviews:

The positive sentiments expressed highlight the long-standing relationship some members have with the credit union, emphasizing the team's helpfulness and effectiveness in improving credit scores. Reviewers appreciate the supportive nature of the staff, noting their accessibility for questions and assistance during business hours. The overall tone reflects satisfaction with the services offered, encouraging others to consider opening accounts due to the benefits experienced.

Reviewers particularly commend the welcoming atmosphere and the team's commitment to providing quality service. This reflects a strong endorsement from customers who feel valued and supported throughout their interaction with the credit union.


This AI summary has been generated from reviews found on Facebook.

Is Wolverine State Credit Union legitimate?

Wolverine State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Wolverine State Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $289,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,625,995

For more financial information, click here


Official website here: www.wolverinescu.com

What is the mission statement of Wolverine State Credit Union?

Wolverine State Credit Union, as a leading institution, is committed to the financial well-being of its members. Its mission is to actively contribute to their financial success. The credit union offers various deposit account options, such as savings, checking, and certificates, to its members. As of December 31, 2022, the credit union boasts a membership of 9,573 individuals.


Official website here: www.wolverinescu.com

Who is the CEO of Wolverine State Credit Union?

Nicholas Montie is the Manager/Ceo of Wolverine State Credit Union. The CEO's salary of Wolverine State Credit Union is $156,065 and their total compensation is $176,621.


Official website here: www.wolverinescu.com

What is the revenue of Wolverine State Credit Union?

Wolverine State Credit Union's revenue in 2022 was $6,150,132.


Official website here: www.wolverinescu.com

Who are the executives of Wolverine State Credit Union and what are their salaries?

The average compensation at Wolverine State Credit Union during 2022 was $33,608. There are 57 employees and 13 volunteers at Wolverine State Credit Union.


Here are 12 key members and their salaries (Wolverine State Credit Union's CEO's salary is $156,065 and their total compensation is $176,621):


Nicholas Montie (Manager/Ceo)
  • Compensation: $156,065
  • Related: $0
  • Other: $20,556
Ruby J Haske (Coo)
  • Compensation: $90,988
  • Related: $0
  • Other: $22,028
Robert A Grochowski (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry E Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall T Boboltz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsea Mcconnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Bowen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Richard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Bartosh (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Witkowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mollie Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsea Kross (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wolverinescu.com

Where can I find the form 990 for Wolverine State Credit Union?

Wolverine State Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wolverinescu.com

Learn more at the official website: www.wolverinescu.com

Mission Statement of Wolverine State Credit Union

Wolverine State Credit Union, as the leading credit union in Michigan, is committed to ensuring the financial prosperity of each of its members. With this mission at its core, the credit union offers various deposit account options, including savings, checking, certificates, and others. By prioritizing the financial well-being of its members, Wolverine State Credit Union strives to make a significant impact in the lives of its community. With a membership count of 9,573 as of December 31, 2022, the credit union demonstrates its dedication to serving its members effectively.

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Impact




October, 2024

Wolverine State Credit Union has a significant impact on the financial well-being of its members and the local community in Alpena, Michigan. With a mission focused on supporting the financial success of every member, the credit union offers a variety of deposit account types, including savings, checking, and certificates.

As of December 31, 2022, Wolverine State Credit Union serves 9,573 members, providing them with access to essential financial services that promote savings, budgeting, and investment. By fostering financial literacy and helping members navigate their financial challenges, the credit union plays a crucial role in enhancing the economic stability of individuals and families in the region.

Additionally, by prioritizing the needs of its members, Wolverine State Credit Union contributes to the overall economic growth of the community, ensuring that members are well-equipped to achieve their financial goals. Through its continuous dedication to delivering quality service and financial solutions, the credit union stands as a vital resource for residents looking to secure their financial future.




This information is meant to be a general summary of Wolverine State Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,150,132 (2022)
Expenses
$5,594,253 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,052,462
  • Program Service Revenue: $5,097,670
  • Gross Receipts: $6,150,132

Assets and Liabilities:

  • Total Assets: $143,548,355
  • Total Liabilities: $132,734,495
  • Net Assets: $10,813,860

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees and Charges

Revenue

$696,601

Insurance Income

Revenue

$52,199

Interchange Income

Revenue

$676,470

Interest on Loans

Revenue

$3,663,372

Non-Member ATM Fees

Revenue

$21,676

Organization Details

Founding Year

1950

Principal Officer

Nicholas Montie

Main Address

1381 N Bagley St, Alpena, MI, 49707

NTEE Category

Code: W60 - Public benefit

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