2025-11-14T11:20:27-05:00 2024-12-31 383079404 STRALEY LAMP & KRAENZLEIN PC PO BOX 738 ALPENA MI 497070738 990 2024-01-01 381384940 WOLVERINE STATE CREDIT UNION WOLV 9893561880 1381 NORTH BAGLEY STREET ALPENA MI 49707 NICHOLAS MONTIE MANAGER/CEO 9893561880 2025-11-14 true CHELSEA A MCCONNELL CPA P01913511 9893564531 2025-11-14 2024 2025-03-06 01:10:19Z NICHOLAS MONTIE 1381 N BAGLEY STREET ALPENA MI 49707 8530130 false X WWW.WOLVERINESCU.COM X 1950 MI TO BE MICHIGAN'S LEADING CREDIT UNION, DEDICATED TO THE FINANCIAL SUCCESS OF EVERY MEMBER. 7 7 60 10 43865 0 5680694 6751408 1578718 1747330 0 7259412 8498738 0 0 2675616 2938403 0 0 3541309 4578616 6216925 7517019 1042487 981719 140518712 158152334 127778274 143646480 12740438 14505854 X TO BE MICHIGAN'S LEADING CREDIT UNION, DEDICATED TO THE FINANCIAL SUCCESS OF EVERY MEMBER. false false THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2024 WAS 10,307. THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREIT CARD, VEHICLES AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2024 WAS 7,826. N/A N/A false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 3456 0 true 60 true true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false NICHOLAS MONTIE 9893561880 1381 N BAGLEY STREET ALPENA MI 49707 NICHOLAS MONTIE MANAGER/CEO 40.00 X 173086 0 10400 RUBY J HASKE COO 40.00 X 105186 0 5200 JERRY E PETERSON DIRECTOR 2.00 X 0 0 0 DONALD BARTOSH CHAIRPERSON 2.00 X 0 0 0 RANDALL T BOBOLTZ DIRECTOR 2.00 X 0 0 0 PATRICK RICHARDS DIRECTOR 2.00 X 0 0 0 ROBERT A GROCHOWSKI VICE CHAIR 2.00 X 0 0 0 CHELSEA MCCONNELL TREASURER 2.00 X 0 0 0 CHELSEA WALLACE KOSS SECRETARY 2.00 X 0 0 0 278272 15600 2 false true false CUANSWERS 6000 28TH ST SE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 497954 1 INTEREST ON LOANS 522291 5220717 5220717 INTERCHANGE INCOME 525990 731893 731893 FEES AND CHARGES 525990 685278 685278 MEMBER GAP SALES 524298 69655 69655 INSURANCE INCOME 525990 28900 28900 14965 14965 6751408 1778722 1778722 31392 -31392 -31392 -31392 8498738 8454873 43865 173086 1991033 127847 474234 172203 6655 58496 630913 228579 255031 222624 140686 112949 1591709 185699 56356 LOAN SERVICING 667840 PROVISION FOR LOAN LOSSES 302506 POSTAGE AND SHIPPING 85847 ORGANIZATIONAL DUES 31625 1101 7517019 0 0 0 2248918 3229195 47967026 56299235 85519150 93495634 104037 177181 3084002 1673472 1252402 1410530 1092715 1092715 2334464 2447844 140518712 158152334 823194 1343092 126955080 142303388 127778274 143646480 X 12740438 14505854 12740438 14505854 140518712 158152334 981719 783697 X false false false 487601 487601 1517648 986861 530787 198364 122720 75644 880389 563891 316498 1410530 OTHER LIABILITIES 142303388 142303388 false false false NICHOLAS MONTIE MANAGER/CEO 173086 10400 183486 FORM 990, PAGE 2, PART III, LINE 4D N/A FORM 990, PAGE 6, PART VI, LINE 6 CREDIT UNION IS COMPOSED OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS VOTE ON BYLAW AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 7B MERGERS ARE VOTED BY ENTIRE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS FORM 8879-TE TO TAX PREPARER. BOARD REVIEWS FILED TAX RETURNS AT NEXT SCHEDULED MEETING. FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEE LOANS ARE MANAGEMENT APPROVED. MANAGEMENT LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE APPROVED BY THE BOARD MINUS THE LENDEE. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES CEO COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B CEO REVIEWS EMPLOYEES REVIEW, ABSENTEES, PERFORMANCE CRITERIA, ETC. PRESENTS TO BOARD OF DIRECTORS FOR APPROVAL. THE BOARD OF DIRECTORS ARE NOT COMPENSATED. FORM 990, PAGE 6, PART VI, LINE 19 CREDIT UNION BYLAWS, CONFLICT OF INTEREST POLICY, AND WHISTLEBLOWER POLICY ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICE. QUARTERLY FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY WHCH IS ACCESSIBLE TO THE GENERAL PUBLIC. QUARTERLY FINANICAL PERFORMANCE (CALL) REPORTS ARE ALSO AVAILABLE AT WWW.NCUA.GOV FOR ALL FEDERALLY INSURED CREDIT UNIONS.