UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
June 30, 2010

ASSETS
     Cash and Cash Equivalents $65,715,388
     Corporate Credit Union Membership Shares 455,329
     Securities Available for Sale 74,128,286
     Other Investments 4,329,060
     Loans Receivable, Net of Allowance for Loan Losses 244,423,392
     Premises and Equipment, Net 14,815,717
     NCUSIF Deposit 3,436,118
     Accrued Interest Receivable 1,441,123
     Other Assets             3,975,604
 Total Assets       $412,720,017
                          
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $362,625,991
     FHLB Advances 4,000,000
     Other Liabilities          5,047,325
          Total Liabilities 371,673,316
Members' Equity
     Statutory Reserve 5,567,068
     Undivided Earnings 34,315,826
     Equity Acquired in Merger 153,962
     Accumulated Other Comprehensive Income           1,009,845
          Total Members' Equity         41,046,701
Total Liabilities and Members' Equity      $412,720,017
                         

 

 
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)