2. University Of Michigan Credit Union

University Of Michigan Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.81%5-year CD
3.10% - Barclays 60 Month Online CDAdvertisement
1.10%1-year CD
2.75% - Barclays 12 Month Online CDAdvertisement
0.05%Savings
0.27% - National Average
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 16th largest credit union in the state of Michigan. It is also the 340th largest credit union in the nation. It was established in 1954 and as of December of 2018, it had grown to 163 employees and 94,632 members at 14 locations. University Of Michigan Credit Union's CD rates are 22% higher than the national average, and it 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.
See current membership details

Reviews (1)

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.

1


Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #61552
Year Chartered1954
Employees163
Primary Regulator
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD12.06%
Annual Interest Income$32.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$907.3MM$793.7MM
LoansQ4 2018vs Q4 2017$703.6MM$578.3MM
DepositsQ4 2018vs Q4 2017$762.2MM$711.4MM
Equity CapitalQ4 2018vs Q4 2017$83.9MM$73.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.9MM$4.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$7.4MM$6.6MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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
0.35%*$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

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
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
1.10%*$100k*-12 Month CD
OTHER TIERS: 0.90% → $500 - $10k | 1.00% → $10k - $100k
0.85%*$100k*-6 Month CD
OTHER TIERS: 0.65% → $500 - $10k | 0.75% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.10%*$100k*-12 Month IRA
OTHER TIERS: 0.90% → $500 - $10k | 1.00% → $10k - $100k
0.85%*$100k*-6 Month IRA
OTHER TIERS: 0.65% → $500 - $10k | 0.75% → $10k - $100k
Locations

Availability



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