UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition (Unaudited)
June 30, 2007

ASSETS
Cash and cash equivalents $36,743,129
Corporate credit union membership shares 800,000
Securities available for sale 67,442,788
Securities held to maturity 20,000,000
Other investments 3,190,554
Loans receivable, net 210,428,078
Premises and equipment, net 3,378,810
NCUSIF deposit 2,872,211
Accrued interest receivable 1,772,681
Other assets           6,896,842
     $353,525,093
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $311,770,949
     FHLB Advances 5,000,000
     Other liabilities            2,647,072
319,418,021
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 29,467,292
     Accumulated other comprehensive income             (927,288)
         34,107,072
       353,525,093
                         

 

 
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.