About UMCU

UMCU Financial Highlights

The University of Michigan Credit Union Board of Directors is comprised of fellow member owners who serve on a volunteer basis. This ensures that efficient, personalized service remains our number one priority. It also maintains the integrity of safe, sound operations.

UMCU does not invest in risky ventures. It invests primarily in YOU and your fellow member owners in the form of prudent loans which are repaid on a timely basis. Our loan portfolio is carefully monitored to ensure that a balance is maintained with a variety of consumer and real estate loans. Funds are also conservatively invested, with over 90% of the investment portfolio placed in government agency securities.

Deposit accounts are federally insured by the NCUA for up to $250,000.

Statement of Financial Condition
• December 31, 2007

• March 31, 2008
• June 30, 2008
• September 30, 2008
• December 31, 2008
• March 31, 2009
• June 30, 2009
• September 30, 2009
  
  
  Statement of Income and Expenses
• December 31, 2007
• March 31, 2008
• June 30, 2008
• September 30, 2008
• December 31, 2008
• March 31, 2009
• June 30, 2009
• September 30, 2009

 

 

Your 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

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.