University Of Michigan Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.81%	5-year CD	3.00% - American Express National Bank 60 Month CD
0.85%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.05%	Savings	1.90% - American Express National Bank High Yield Savings Account

View all University Of Michigan Credit Union rates »

Overview / Commentary

www.umcu.org

734-662-8200

340 E Huron St
Ann Arbor, MI 48104

University Of Michigan Credit Union is headquartered in Ann Arbor and is the 16^th largest credit union in the state of Michigan. It is also the 353^rd largest credit union in the nation. It was established in 1954 and as of June of 2018, it had grown to 154 employees and 89,421 members at 14 locations. University Of Michigan Credit Union has an A health rating.

Field of Membership Restrictions

Membership in University of Michigan Credit Union is open to students, staff, and faculty of the University of Michigan.
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Reviews (1)

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Nice credit union

Posted by: teresabrandt | Jan 31, 2017

UMCU has been an amazing bank. Whenever I call with an issue they take care of it immediately. The employees are always friendly, and I have never had a problem in person or over the phone. Online banking is good and easy to use, and they have more than enough ATM and bank locations in my area. Would strongly recommend to anyone living in my town.

Comment

1

Health

A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #	61552
Year Chartered	1954
Employees	154
Primary Regulator

Profit Margin
Return on Assets - YTD	1.25%
Return on Equity - YTD	13.67%
Annual Interest Income	$15.4MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$857.9MM$777.6MM
Loans	Q2 2018vs Q2 2017	$642.5MM$508.3MM
Deposits	Q2 2018vs Q2 2017	$748.5MM$696.6MM
Equity Capital	Q2 2018vs Q2 2017	$78.6MM$70.3MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$4.8MM$4.0MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$6.7MM$5.0MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

University Of Michigan Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$5	-	Share Savings
0.05%	$5	-	Business Share Savings
0.05%	$5	-	Little League
0.05%	$5	-	Minor League
0.05%	-	-	Holiday Savings
0.05%	$5	-	Major League

University Of Michigan Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$25k^*	-	Money Market Savings
OTHER TIERS: 0.10% → $2k - $5k \| 0.15% → $5k - $10k \| 0.20% → $10k - $25k
0.20%^*	$25k^*	-	Business Money Market Savings
OTHER TIERS: 0.05% → $2k - $5k \| 0.10% → $5k - $10k \| 0.15% → $10k - $25k

University Of Michigan Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.08%^*	$25k^*	-	Interest Checking
OTHER TIERS: 0.05% → $2k - $5k \| 0.06% → $5k - $10k \| 0.07% → $10k - $25k
0.08%^*	$25k^*	-	Advantage Business Checking
OTHER TIERS: 0.05% → $2k - $5k \| 0.06% → $5k - $10k \| 0.07% → $10k - $25k

University Of Michigan Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.81%^*	$100k^*	-	60 Month CD
OTHER TIERS: 1.51% → $500 - $10k \| 1.71% → $10k - $100k
1.61%^*	$100k^*	-	48 Month CD
OTHER TIERS: 1.36% → $500 - $10k \| 1.51% → $10k - $100k
1.41%^*	$100k^*	-	36 Month CD
OTHER TIERS: 1.21% → $500 - $10k \| 1.31% → $10k - $100k
1.36%^*	$100k^*	-	24 Month CD
OTHER TIERS: 1.16% → $500 - $10k \| 1.26% → $10k - $100k
0.85%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.65% → $500 - $10k \| 0.75% → $10k - $100k
0.60%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.40% → $500 - $10k \| 0.50% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.81%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 1.51% → $500 - $10k \| 1.71% → $10k - $100k
1.61%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 1.36% → $500 - $10k \| 1.51% → $10k - $100k
1.41%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 1.21% → $500 - $10k \| 1.31% → $10k - $100k
1.36%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 1.16% → $500 - $10k \| 1.26% → $10k - $100k
0.85%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.65% → $500 - $10k \| 0.75% → $10k - $100k
0.60%^*	$100k^*	-	6 Month IRA
OTHER TIERS: 0.40% → $500 - $10k \| 0.50% → $10k - $100k

Locations

Availability

Detroit Area

Detroit Area bank & credit union details

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