UMCU Financial Highlights

University of Michigan Credit Union
Statement of Financial Condition
December 31, 2008

ASSETS
Cash and Cash Equivalents $50,798,336
Corporate Credit Union Membership Shares 700,000
Securities Available for Sale 83,228,501
Other Investments 3,049,691
Loans Receivable, Net 219,301,787
Premises and Equipment, Net 7,338,455
NCUSIF Deposit 2,992,635
Accrued Interest Receivable 1,871,258
Other Assets             1,207,816
       $370,488,479
                           
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $321,247,116
     FHLB Advances 8,000,000
     Other Liabilities            2,321,128
     331,568,244
Members' Equity
     Statutory Reserve      5,567,068
     Undivided Earnings 32,135,313
     Accumulated Other Comprehensive Income           1,217,854
        38,920,235
     $370,488,479
                         

 

 
NCUAFederally
Insured
by NCUA
Equal Housing Lender We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loan services provided by MemberFirst Mortgage LLC (NMLS #149532) and UMCU (NMLS #712343)