UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
March 31, 2010

ASSETS
     Cash and Cash Equivalents $65,098,004
     Corporate Credit Union Membership Shares 455,329
     Securities Available for Sale 67,329,098
     Other Investments 4,308,338
     Loans Receivable, Net of Allowance for Loan Losses 250,454,883
     Premises and Equipment, Net 7,091,192
     NCUSIF Deposit 3,302,673
     Accrued Interest Receivable 1,398,962
     Other Assets             3,573,653
 Total Assets       $403,012,132
                          
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $353,353,367
     FHLB Advances 4,000,000
     Other Liabilities          4,708,729
          Total Liabilities 362,062,096
Members' Equity
     Statutory Reserve 5,567,068
     Undivided Earnings 34,207,151
     Equity Acquired in Merger 153,962
     Accumulated Other Comprehensive Income           1,021,855
          Total Members' Equity         40,950,036
Total Liabilities and Members' Equity      $403,012,132
                         

 

 
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)