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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 18th largest credit union in the state of Michigan. It is also the 329th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 199 employees and 117,425 members at 14 locations. University Of Michigan Credit Union's CD rates are 4X the national average, and it has a B 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
B

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #61552
Year Chartered1954
Employees199
Primary Regulator
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD5.48%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.40B$1.35B
LoansQ2 2023vs Q2 2022$1.06B$1.05B
DepositsQ2 2023vs Q2 2022$1.12B$1.17B
Equity CapitalQ2 2023vs Q2 2022$106.9MM$98.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$7.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$5.9MM$3.8MM
Real Estate OwnedQ2 2023vs Q2 2022$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%--Share Savings
0.05%--Business Share Savings
0.05%--Little League
0.05%--Minor League
0.05%--Holiday Savings
0.05%--Major League

University Of Michigan Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$25k*-Money Market Savings
OTHER TIERS: 0.16% → $2k - $10k | 0.50% → $10k - $25k
0.85%*$25k*-Business Money Market Savings
OTHER TIERS: 0.16% → $2k - $10k | 0.50% → $10k - $25k

University Of Michigan Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Interest Checking
OTHER TIERS: 0.15% → $2k - $5k | 0.16% → $5k - $10k | 0.20% → $10k - $25k
0.20%*$25k*-Advantage Business Checking
OTHER TIERS: 0.05% → $2k - $5k | 0.06% → $5k - $10k | 0.10% → $10k - $25k

University Of Michigan Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.26%*$100k*-12 Month CD
OTHER TIERS: 3.05% → $500 - $10k | 3.15% → $10k - $100k
2.94%*$100k*-36 Month CD
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.94%*$100k*-48 Month CD
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.94%*$100k*-60 Month CD
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.90%*$100k*-24 Month CD
OTHER TIERS: 2.69% → $500 - $10k | 2.79% → $10k - $100k
2.09%*$100k*-6 Month CD
OTHER TIERS: 1.88% → $500 - $10k | 1.99% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.26%*$100k*-12 Month IRA
OTHER TIERS: 3.05% → $500 - $10k | 3.15% → $10k - $100k
2.94%*$100k*-36 Month IRA
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.94%*$100k*-48 Month IRA
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.94%*$100k*-60 Month IRA
OTHER TIERS: 2.73% → $500 - $10k | 2.83% → $10k - $100k
2.90%*$100k*-24 Month IRA
OTHER TIERS: 2.69% → $500 - $10k | 2.79% → $10k - $100k
2.09%*$100k*-6 Month IRA
OTHER TIERS: 1.88% → $500 - $10k | 1.99% → $10k - $100k
Locations

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