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.
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 | 199 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.42% |
Return on Equity - YTD | 5.48% |
Annual Interest Income | $23.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $1.40B$1.35B |
Loans | Q2 2023vs Q2 2022 | $1.06B$1.05B |
Deposits | Q2 2023vs Q2 2022 | $1.12B$1.17B |
Equity Capital | Q2 2023vs Q2 2022 | $106.9MM$98.1MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$7.7MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.9MM$3.8MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $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% | - | - | Share Savings | |
0.05% | - | - | Business Share Savings | |
0.05% | - | - | Little League | |
0.05% | - | - | Minor League | |
0.05% | - | - | Holiday Savings | |
0.05% | - | - | Major League |