UMCU Financial Highlights

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

ASSETS
Cash and cash equivalents $42,757,411
Corporate credit union membership shares 700,000
Securities available for sale 67,048,539
Securities held to maturity 17,000,000
Other investments 3,203,372
Loans receivable, net 212,387,959
Premises and equipment, net 3,296,940
NCUSIF deposit 2,872,121
Accrued interest receivable 1,743,422
Other assets           6,624,727
     $357,634,491
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $314,994,799
     FHLB Advances 5,000,000
     Other liabilities            2,810,410
322,805,209
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 29,586,192
     Accumulated other comprehensive income             (323,978)
         34,829,282
       357,634,491
                         

 

 
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.