UMCU Financial Highlights

University of Michigan Credit Union
Consolidated Statement of Financial Condition (Unaudited)
September 30, 2011

ASSETS
     Cash and Cash Equivalents $64,583,517
     Corporate Credit Union Membership Shares 600,000
     Securities Available for Sale 114,996,747
     Other Investments 6,050,531
     Loans Receivable, Net of Allowance for Loan Losses 231,096,233
     Premises and Equipment, Net 16,534,675
     NCUSIF Deposit 3,856,973
     Accrued Interest Receivable 2,225,051
     Other Assets            6,680,102
 Total Assets       $446,623,829
                          
LIABILITIES AND MEMBERS' EQUITY
Liabilities
     Members' Deposits $398,855,566
     Other Liabilities          5,195,498
          Total Liabilities 404,051,064
Members' Equity
     Statutory Reserve 5,567,068
     Undivided Earnings 35,831,548
     Equity Acquired in Merger 153,962
     Accumulated Other Comprehensive Income             1,020,187
          Total Members' Equity         42,572,765
Total Liabilities and Members' Equity      $446,623,829
                         

 

 
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)