2023-04-26T10:20:09-07:00 2022-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2022-01-01 381384940 Wolverine State Credit Union WOLV 9893561880 1381 N Bagley St Alpena MI 49707 Nicholas Montie Manager/CEO 2023-04-26 true Nicholas Montie 999009999 true Patrick Haughey P01980057 8005225820 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Nicholas Montie 1381 N Bagley St Alpena MI 49707 6150132 false X www.wolverinescu.com X 1950 MI To be Michigan's leading Credit Union, dedicated to the financial success of every member. 10 10 57 13 26927 0 4804851 5097670 722038 1052462 0 5526889 6150132 0 0 2411337 2742938 0 0 2592330 2851315 5003667 5594253 523222 555879 141555173 143548355 128777179 132734495 12777994 10813860 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 12/31/2022 was 9,573. The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2022 was 7,612. 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 2180 0 true 57 true true true false false false false false false false X 10 10 false false true false true true true true true false true true false true true true true true true true false X Nicholas Montie 9893561880 1381 N Bagley St Alpena MI 49707 Nicholas Montie Manager/CEO 40.00 0.00 X 156065 0 20556 Ruby J Haske COO 40.00 0.00 X 90988 0 22028 Robert A Grochowski Vice Chair 2.00 0.00 X 0 0 0 Jerry E Peterson Director 2.00 0.00 X 0 0 0 Randall T Boboltz Treasurer 2.00 0.00 X 0 0 0 Chelsea McConnell Director 2.00 0.00 X 0 0 0 Patrick Bowen Director 2.00 0.00 X 0 0 0 Patrick Richard Director 2.00 0.00 X 0 0 0 Donald Bartosh Chairperson 2.00 0.00 X 0 0 0 David Witkowski Director 2.00 0.00 X 0 0 0 MOLLIE ALLEN Director 2.00 0.00 X 0 0 0 Chelsea Kross Secretary 2.00 0.00 X 0 0 0 247053 42584 1 false true false CUAnswers 6000 28th St SE 100 Grand Rapids MI 49546 Data Processing 429737 1 0 Fees and Charges 525990 696601 696601 Insurance Income 524298 52199 34300 17899 Interchange Income 525990 676470 676470 Interest on Loans 522291 3663372 3663372 Non-Member ATM Fees 525990 21676 21676 -12648 -12648 5097670 1052462 1052462 0 0 0 0 0 0 0 0 6150132 6123205 26927 0 0 0 0 289637 0 1625995 121380 542161 163765 0 7921 66444 0 0 0 410798 194469 220064 226201 0 141677 68088 0 0 235995 0 221326 49688 Provision for Loan Losses 557793 Loan Servicing 341541 Postage and Shipping 80930 Organizational Dues 17632 10748 5594253 0 0 0 2506852 2667052 32157776 23425127 0 196589 0 0 0 75284651 84687058 0 197214 100088 2748227 1352980 1532149 1395247 23015076 28455674 4155300 837000 0 29249 2509566 1951860 141555173 143548355 823234 1134212 127953945 131600283 128777179 132734495 X 12777994 10813860 12777994 10813860 141555173 143548355 555879 -2520013 X false false false 487601 487601 1434760 810497 624263 187447 100046 87401 638419 442437 195982 1395247 Other Liabilities 131600283 131600283 false false false Nicholas Montie Manager/CEO 156065 13707 6849 176621 Form 990, Part VI, Section A, Line 4 Effective October 1, 2017, Article First of the certificate of organiation of the credit union amended to read as 'Wolverine State Credit Union' (formerly 'Besser Credit Union'). Form 990, Part VI, Section A, Line 6 Credit Union is composed of members. Form 990, Part VI, Section A, Line 7a Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting. Form 990, Part VI, Section A, Line 7b Mergers are voted on by entire membership. Form 990, Part VI, Section B, Line 11b Management reviews tax returns and forwards US Form 8879-TE to tax preparer. Board reviews filed tax returns at next scheduled meeting. Form 990, Part VI, Section B, 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, Part VI, Section B, Line 15b CEO reviews employees review, absentees, performance criteria, etc. Presents to Board of Directors for approbal. The Board of directors are not compensated. Form 990, Part VI, Section C, 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 which is accessible to the general public. Quarterly financial performance (Call) reports are also available at www.ncua.gov for all federally insured credit unions.