UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Audited)
December 31, 2009

ASSETS
     Cash and Cash Equivalents $61,715,095
     Investment Securities
          Securities Available for Sale 61,380,399
     Other Investments 3,911,888
     Loans Receivable, Net of Allowance for Loan Losses 255,915,912
     Accrued Interest Receivable 1,635,854
     Property and Equipment 7,106,946
     Prepaid Expenses 836,823
     NCUSIF Deposit 3,302,673
     Other Real Estate Owned 268,422
     Other Assets             1,431,420
Total Assets        $397,505,432
                           
LIABILITIES AND MEMBERS' EQUITY
     Members' Deposits $348,489,455
     Dividends and Interest Payable 3,407
     Accounts Payable and Other Liabilities 2,841,291
     Accrued Expenses 1,263,079
     Notes Payable 4,000,000
Members' Equity, Substantially Restricted         40,908,200
Total Liabilities and Equity      $397,505,432
                         

 

 
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)