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Filing year 2024

WOLVERINE STATE CREDIT UNION

Alpena, Michigan·EIN 38-1384940·501(c)(14)
Total revenue
$8.5M
Total assets
$158.2M
Total expenses
$7.5M
Reported officers
9
Mission

TO BE MICHIGAN'S LEADING CREDIT UNION, DEDICATED TO THE FINANCIAL SUCCESS OF EVERY MEMBER.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Manager/ceo
Officer (Unspecified)
$183k
$197k
Base
$173k
Bonus
Other
Benefits
$10k
COO
25th percentile to median
$110k
$119k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 7%
from 2023

From $172k in 2023 to $183k in 2024.

$172k
2023
$183k
2024
In today's dollarsEst.
Up 4% in real terms$190k to $197k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Operating Officer pay rose 12% from 2023 to 2024, while revenue rose 17%.

$99k in 2023 to $110k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WOLVERINE STATE CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.3M
$6.2M
2023
$8.5M
$7.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about WOLVERINE STATE CREDIT UNION

What does the Chief Operating Officer of WOLVERINE STATE CREDIT UNION earn?

In 2024, the Chief Operating Officer of WOLVERINE STATE CREDIT UNION received $110,386 in total compensation. This pay is below the median (the midpoint) for Chief Operating Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Operating Officer pay at WOLVERINE STATE CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Operating Officer at WOLVERINE STATE CREDIT UNION falls between the 25th percentile and the median.

What are WOLVERINE STATE CREDIT UNION's revenue and expenses?

In 2024, WOLVERINE STATE CREDIT UNION reported $8.5M in total revenue and $7.5M in total expenses on its IRS Form 990.

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