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University Of Michigan Credit Union


Overview / Commentary
www.umcu.org
734-662-8200
340 E Huron St Suite 100
Ann Arbor, MI 48104

University Of Michigan Credit Union is headquartered in Ann Arbor and is the 16th largest credit union in the state of Michigan. It is also the 325th largest credit union in the nation. It was established in 1954 and as of March of 2021, it had grown to 179 employees and 106,634 members at 14 locations. University Of Michigan Credit Union has an A health rating.

Reviews (1)

Nice credit union

Posted by: |

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.

1


Health
A

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #61552
Year Chartered1954
Employees179
Primary Regulator
Profit Margin
Return on Assets - YTD1.3%
Return on Equity - YTD15.63%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.26B$1.01B
LoansQ1 2021vs Q1 2020$837.1MM$749.3MM
DepositsQ1 2021vs Q1 2020$1.08B$842.9MM
Equity CapitalQ1 2021vs Q1 2020$101.5MM$94.8MM
Loan Loss AllowanceQ1 2021vs Q1 2020$6.8MM$6.9MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.9MM$7.2MM
Real Estate OwnedQ1 2021vs Q1 2020$0$327.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Business Money Market Savings
OTHER TIERS: 0.05% → $2k - $25k
0.05%*$25k*-Money Market Savings
OTHER TIERS: 0.03% → $2k - $25k

University Of Michigan Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-60 Month CD
OTHER TIERS: 0.40% → $500 - $10k | 0.50% → $10k - $100k
0.50%*$100k*-48 Month CD
OTHER TIERS: 0.30% → $500 - $10k | 0.40% → $10k - $100k
0.45%*$100k*-36 Month CD
OTHER TIERS: 0.25% → $500 - $10k | 0.35% → $10k - $100k
0.40%*$100k*-24 Month CD
OTHER TIERS: 0.20% → $500 - $10k | 0.30% → $10k - $100k
0.30%*$100k*-12 Month CD
OTHER TIERS: 0.10% → $500 - $10k | 0.20% → $10k - $100k
0.25%*$100k*-6 Month CD
OTHER TIERS: 0.05% → $500 - $10k | 0.15% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-60 Month IRA
OTHER TIERS: 0.40% → $500 - $10k | 0.50% → $10k - $100k
0.50%*$100k*-48 Month IRA
OTHER TIERS: 0.30% → $500 - $10k | 0.40% → $10k - $100k
0.45%*$100k*-36 Month IRA
OTHER TIERS: 0.25% → $500 - $10k | 0.35% → $10k - $100k
0.40%*$100k*-24 Month IRA
OTHER TIERS: 0.20% → $500 - $10k | 0.30% → $10k - $100k
0.30%*$100k*-12 Month IRA
OTHER TIERS: 0.10% → $500 - $10k | 0.20% → $10k - $100k
0.25%*$100k*-6 Month IRA
OTHER TIERS: 0.05% → $500 - $10k | 0.15% → $10k - $100k
Locations

Availability



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