UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
March 31, 2008

ASSETS
Cash and cash equivalents $54,183,309
Corporate credit union membership shares 700,000
Securities available for sale 69,470,806
Securities held to maturity 6,000,000
Other investments 1,646,249
Loans receivable, net 211,699,701
Premises and equipment, net 7,320,095
NCUSIF deposit 2,898,245
Accrued interest receivable 1,509,373
Other assets           4,346,479
Total assets      $359,774,257
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $318,818,587
     FHLB Advances 0
     Other liabilities            3,453,949
Total liabilities 322,272,536
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 30,785,814
     Accumulated other comprehensive income            1,148,839
Total members' equity          37,501,721
Total liabilities and equity        359,774,257
                         

 

 
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.