UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition (Unaudited)
March 31, 2007

ASSETS
Cash and cash equivalents $39,324,777
Corporate credit union membership shares 800,000
Securities available for sale 69,514,194
Securities held to maturity 20,500,000
Other investments 3,197,899
Loans receivable, net 207,627,614
Premises and equipment, net 3,485,210
NCUSIF deposit 2,786,211
Accrued interest receivable 1,747,990
Other assets           5,892,873
     $354,876,768
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $313,375,429
     FHLB Advances 5,000,000
     Other liabilities            2,660,341
321,035,770
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 29,132,786
     Accumulated other comprehensive income             (858,856)
         33,840,998
       354,876,768
                         

 

 
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.