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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 21st largest credit union in the state of Michigan. It is also the 356th largest credit union in the nation. It was established in 1954 and as of September of 2024, it had grown to 228 employees and 118,034 members at 15 locations. University Of Michigan Credit Union's CD rates are 4X the national average, and it has a B+ health rating.

Reviews (1)

Unamerican Company

Posted by: |

Every company is out to take advantage of everyone they can.
It is the new way to do business. Dishonesty and deception. Has become the new business common practice.
University Of Michigan Credit union, Is NO exception.
Covid changed everything. Everything has doubled. Prices, Fees, and businesses taking advantage of everyone. Even companies that were once respectable.
University Of Michigan Credit Union is no exception to the new “Screw you over” business practices.
I have been a longtime customer. With business and personal accounts. Have one auto loan and another credit card, almost paid off after 5 years of paying on time. Even paying more than asked, most months.
NEVER missing a payment. Even during covid. When I didn’t have work for a year. And no one helped me!!!
Being self employed, and a middleaged caucasin male.
Now that I made it through covid, and need help keeping my successful business from going under, due to equipment needs.
University Of Michigan Credit Union refuses to help me in any way. And I have excellent credit not to mention above attributes.
I highly recommend doing business with a bank who cares about their customers.
UNLIKE UNIVERSITY OF MICHIGAN CREDIT UNION

1


Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #61552
Year Chartered1954
Employees228
Primary Regulator
Profit Margin
Return on Assets - YTD1.95%
Return on Equity - YTD18.94%
Annual Interest Income$45.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.33B$1.35B
LoansQ3 2024vs Q3 2023$1.05B$1.06B
DepositsQ3 2024vs Q3 2023$1.02B$1.07B
Equity CapitalQ3 2024vs Q3 2023$139MM$109.8MM
Loan Loss AllowanceQ3 2024vs Q3 2023$9.7MM$8.9MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$7.9MM$6.9MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not University Of Michigan Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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%$0-Share Savings
0.05%$0-Business Share Savings
0.05%$0-Little League
0.05%$0-Minor League
0.05%$0-Holiday Savings
0.05%$0-Major League

University Of Michigan Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.06%*$25k*-Money Market Savings
OTHER TIERS: 0.35% → $2k - $10k | 0.75% → $10k - $25k
1.06%*$25k*-Business Money Market Savings
OTHER TIERS: 0.35% → $2k - $10k | 0.75% → $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
3.82%*$100k*-12 Month CD
OTHER TIERS: 3.56% → $500 - $10k | 3.66% → $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
2.84%*$100k*-6 Month CD
OTHER TIERS: 2.63% → $500 - $10k | 2.73% → $10k - $100k

University Of Michigan Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%*$100k*-12 Month IRA
OTHER TIERS: 3.64% → $500 - $10k | 3.74% → $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
2.74%*$100k*-6 Month IRA
OTHER TIERS: 2.54% → $500 - $10k | 2.64% → $10k - $100k
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