University Of Michigan Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.26%	5-year CD	60 Month CD 2.35% - Synchrony Bank 60 Month CD
0.40%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Share Savings 1.15% - CIT Bank Spring Savings

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 364^th largest credit union in the nation. It was established in 1954 and as of March of 2017, it had grown to 142 employees and 82,217 members at 13 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 Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	61552
Year Chartered	1954
Employees	142
Primary Regulator

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	9.52%
Annual Interest Income	$6.1MM

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$772.7MM$688.0MM
Loans	Q1 2017vs Q1 2016	$490.1MM$402.6MM
Deposits	Q1 2017vs Q1 2016	$696.1MM$617.3MM
Equity Capital	Q1 2017vs Q1 2016	$67.8MM$63.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$4.3MM$3.8MM
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$4.5MM$4.6MM
Real Estate Owned	Q1 2017vs Q1 2016	$0$202.00K

Rates

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Savings
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%	-	-	Share Savings
0.05%	-	-	Business Share Savings
0.05%	-	-	Penny Pioneer
0.05%	-	-	Independent Edge
0.05%	-	-	Holiday Savings
0.05%	-	-	Financial Fitness

University Of Michigan Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$25k^*	-	Money Market Savings
OTHER TIERS: 0.05% → $2k - $5k \| 0.07% → $5k - $10k \| 0.10% → $10k - $25k
0.10%^*	$25k^*	-	Business Money Market Savings
OTHER TIERS: 0.03% → $2k - $5k \| 0.05% → $5k - $10k \| 0.08% → $10k - $25k

University Of Michigan Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*	$25k^*	-	Interest Checking
OTHER TIERS: 0.02% → $2k - $5k \| 0.03% → $5k - $10k \| 0.04% → $10k - $25k
0.05%^*	$25k^*	-	Advantage Business Checking
OTHER TIERS: 0.02% → $2k - $5k \| 0.03% → $5k - $10k \| 0.04% → $10k - $25k

University Of Michigan Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.95% → $500 - $10k \| 1.16% → $10k - $100k
1.06%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.85% → $500 - $10k \| 1.00% → $10k - $100k
0.85%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.65% → $500 - $10k \| 0.75% → $10k - $100k
0.65%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.45% → $500 - $10k \| 0.55% → $10k - $100k
0.40%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.20% → $500 - $10k \| 0.30% → $10k - $100k
0.30%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.10% → $500 - $10k \| 0.20% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%^*	$100k^*	-	60 Month IRA
OTHER TIERS: 0.95% → $500 - $10k \| 1.16% → $10k - $100k
1.06%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.85% → $500 - $10k \| 1.00% → $10k - $100k
0.85%^*	$100k^*	-	36 Month IRA
OTHER TIERS: 0.65% → $500 - $10k \| 0.75% → $10k - $100k
0.65%^*	$100k^*	-	24 Month IRA
OTHER TIERS: 0.45% → $500 - $10k \| 0.55% → $10k - $100k
0.40%^*	$100k^*	-	12 Month IRA
OTHER TIERS: 0.20% → $500 - $10k \| 0.30% → $10k - $100k
0.30%^*	$100k^*	-	6 Month IRA
OTHER TIERS: 0.10% → $500 - $10k \| 0.20% → $10k - $100k

Locations

University Of Michigan Credit Union has 13 locations. Click to view all University Of Michigan Credit Union locations.