UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition (Unaudited)
March 31, 2009

ASSETS
Cash and Cash Equivalents $52,690,712
Corporate Credit Union Membership Shares 700,000
Securities Available for Sale 77,937,222
Other Investments 4,531,803
Loans Receivable, Net 227,335,921
Premises and Equipment, Net 7,250,022
NCUSIF Deposit 908,263
Accrued Interest Receivable 1,411,708
Other Assets             4,321,338
       $377,086,989
                           
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $328,819,771
     FHLB Advances 8,000,000
     Other Liabilities            3,918,905
     340,738,676
Members' Equity
     Statutory Reserve      5,567,068
     Undivided Earnings 29,640,884
     Accumulated Other Comprehensive Income           1,140,361
        36,348,313
     $377,086,989
                         

 

 
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.