UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
June 30, 2008

ASSETS
Cash and cash equivalents $38,600,883
Corporate credit union membership shares 700,000
Securities available for sale 86,252,803
Other investments 1,664,952
Loans receivable, net 214,724,813
Premises and equipment, net 7,329,114
NCUSIF deposit 2,898,245
Accrued interest receivable 1,745,177
Other assets             6,911,095
Total assets       $360,827,082
                         
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' deposits $320,021,066
     FHLB Advances -
     Other liabilities             3,548,682
Total liabilities 323,569,748
Members' equity
     Statutory reserve 5,567,068
     Undivided earnings 31,321,931
     Accumulated other comprehensive income                368,335
Total members' equity           37,257,334
Total liabilities and equity       $360,827,082
                         

 

 
NCUAYour savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government
National Credit Union Administration, a U.S. Government Agency
Equal Housing Lender We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.