UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Audited)
December 31, 2010

ASSETS
     Cash and Cash Equivalents $61,393,239
     Corporate Credit Union Membership Shares 455,329
     Securities Available for Sale 96,616,296
     Other Investments 3,240,880
     Loans Receivable, Net 241,587,908
     Premises and Equipment, Net 14,998,033
     NCUSIF Deposit 3,567,346
     Accrued Interest Receivable 1,939,255
     Other Assets             2,928,775
Total Assets        $426,727,061
                          
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $381,416,703
     Other Liabilities            3,907,320
385,324,023
Members' Equity
     Statutory Reserve 5,567,068
     Undivided Earnings 35,195,731
     Equity Acquired in Merger 153,962
     Accumulated Other Comprehensive Income               486,277
         41,403,038
Total Liabilities and Equity      $426,727,061
                        

 

 
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)