UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition
December 31, 2007

ASSETS
Cash and Cash Equivalents $41,661,731
Investment Securities
     Securities Available for Sale 68,805,705
     Securities Held to Maturity 9,000,000
Other Investments 3,686,765
Loans Receivable, Net Allowance for Loan Losses 212,952,456
Accrued Interest Receivable 1,783,122
Property and Equipment 6,469,371
Prepaid Expenses 606,495
NCUSIF Deposit 2,927,823
Other Real Estate Owned 141,473
Other Assets           2,080,845
Total Assets      $350,115,786
                         
LIABILITIES AND MEMBERS' EQUITY
Members' Deposits $311,771,285
Accounts Payable and Other Liabilities 1,677,666
Accrued Expenses 1,050,882
Notes Payable 0
Members' Equity, Substantially Restricted          35,615,953
Total Liabilities and Equity        350,115,786
                         

 

 
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.