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 321st largest credit union in the nation. It was established in 1954 and as of December of 2021, it had grown to 176 employees and 110,561 members at 14 locations. University Of Michigan Credit Union has an A health rating.
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.
Overall | |
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NCUA # | 61552 |
Year Chartered | 1954 |
Employees | 176 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.79% |
Return on Equity - YTD | 9.72% |
Annual Interest Income | $34.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $1.32B$1.19B |
Loans | Q4 2021vs Q4 2020 | $912.5MM$837.4MM |
Deposits | Q4 2021vs Q4 2020 | $1.14B$1.01B |
Equity Capital | Q4 2021vs Q4 2020 | $105.6MM$98.5MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $7.2MM$7.0MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $4.0MM$4.2MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $25k* | - | Business Money Market Savings | ||
OTHER TIERS: 0.06% → $2k - $25k | |||||
0.08%* | $25k* | - | Money Market Savings | ||
OTHER TIERS: 0.06% → $2k - $25k |