UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition
December 31, 2006

ASSETS
Cash and cash equivalents $23,951,824
Corporate credit union membership shares 800,000
Securities available for sale 70,260,563
Securities held to maturity 25,000,000
Other investments 3,212,326
Loans receivable, net 207,047,316
Premises and equipment, net 3,493,030
NCUSIF deposit 2,786,211
Accrued interest receivable 1,817,449
Other assets           6,805,393
     $345,174,112
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $304,707,975
     FHLB Advances 5,000,000
     Other liabilities            2,175,749
311,883,724
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 28,833,576
     Accumulated other comprehensive income          (1,110,256)
         33,290,388
       345,174,112
                         

 

 
NCUAYour savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government
National Credit Union Administration, a U.S. Government Agency
Equal Housing Lender We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.