UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition (Unaudited)
June 30, 2009

ASSETS
Cash and Cash Equivalents $52,901,609
Corporate Credit Union Membership Shares 700,000
Securities Available for Sale 69,372,348
Other Investments 6,668,314
Loans Receivable, Net 238,518,848
Premises and Equipment, Net 7,220,550
NCUSIF Deposit 3,028,035
Accrued Interest Receivable 1,426,181
Other Assets             4,224,416
       $384,060,328
                           
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $333,645,856
     FHLB Advances 6,000,000
     Other Liabilities            4,778,493
     344,424,349
Members' Equity
     Statutory Reserve      5,567,068
     Undivided Earnings 32,836,230
     Equity Acquired in Merger 153,962
     Accumulated Other Comprehensive Income          1,078,719
        39,635,979
     $384,060,328
                         

 

 
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.