UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
September 30, 2008

ASSETS
Cash and cash equivalents $38,400,482
Corporate credit union membership shares 700,000
Securities available for sale 84,099,629
Other investments 1,683,885
Loans receivable, net 217,083,261
Premises and equipment, net 7,325,918
NCUSIF deposit 2,898,245
Accrued interest receivable 1,636,598
Other assets             6,799,285
Total assets       $360,627,303
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $319,900,658
     FHLB Advances -
     Other liabilities             2,731,767
Total liabilities 322,632,425
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 31,883,508
     Accumulated other comprehensive income                544,302
Total members' equity           37,994,878
Total liabilities and equity       $360,627,303
                         

 

 
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.