UMCU News & Updates continued

University of Michigan Credit Union's (UMCU) Commitment to Financial Safety and Soundness

Recent national news events have raised public concern about the safety and soundness of financial service providers. University of Michigan Credit Union continues to effectively manage risk through adherence to industry best practices, including solid lending and underwriting policies and a conservative investment strategy. As a result, we have not been affected by the developments in the national sub-prime lending market.

For your peace of mind, you can view the UMCU’s quarterly financial highlights on our website by clicking here.

Our continued commitment to you

At the University of Michigan Credit Union we are dedicated to building and maintaining life-long relationships with you, our member. Your opinion matters and helps us to provide you with the best products and services available.

To truly understand your financial needs, we are asking for your participation. UMCU will be calling members asking to hear your thoughts about UMCU and how we can make it better.

What do you like about UMCU? What do you like better about another financial institution?

Help us help you and offer us some feedback. It's your opportunity to let us know how we can make your credit union even better.

Please keep in mind that:

  • These calls will only be used to understand what we can do for you.

  • At no time, will a representative ask for your account information.

  • If someone were to contact you requesting your account information, they are not your credit union. It is a scam and we ask that you contact us immediately; to alert us of the situation.

Facing foreclosure or have you been foreclosed upon?

Do you know someone 55+ who is in foreclosure or has been foreclosed upon? Don't worry because help is available! Call the Housing Bureau for Seniors at 734-998-9346 for assistance. 

U.S. automakers offer credit union members great discounts

There's never been a better time for credit union members to "Invest in America".  That's why credit unions have teamed up with GM to offer members great discounts on new American-made vehicles.

All eligible current and new credit union members in participating states have the unique opportunity to get a great discount on a new vehicle from GM.  While the discounts vary depending on which vehicle you choose, everyone will drive away with a great deal.  Visit lovemycreditunion.org for more details.

Member Deposits are Now Insured up to $250,000

With the recent enactment of the Economic Stabilization bill, member deposits are now insured up to $250,000.  To learn more about how your deposits are insured, click here.

 
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.