Money Transfers

Mail Deposits, Direct Deposits, Wire Deposits,
Outgoing Wires & Western Union

Mail Deposits

Mail deposits are received on non-holiday weekdays and should be made payable to your name and credit union account number. Allow 5 to 7 business days for a deposit to reach the credit union. Mail deposits to P.O. Box 7850, Ann Arbor, MI 48107.

Direct Deposits

Direct deposits are received electronically on non-holiday weekdays. You will need the credit union routing number (2724-7654-3) and the MICR number for your checking account. Locate the MICR number on the bottom of your checks. For savings, use your Electronic Account Number which can found when you log-in to your account through MemberNet.

Wire Deposits

Deposits are received on non-holiday weekdays, electronically at our correspondent credit union. For wire transfers, follow the instructions below:

Wire To:

Intermediary Financial Institution:
Central Credit Union of Michigan
Routing Number 2724-7807-5
26555 Evergreen Road
Southfield, MI 48076

Beneficiary Financial Institution:
University of Michigan Credit Union
Account Number 2724-7654-3
333 E. William, Ann Arbor, MI 48104

Beneficiary:
Your name and credit union
Account Number

Outgoing Wires

Visit any branch or telephone the Member Service Phone Center (800-968-8628 or 734-662-8200), and a representative will help you wire funds to an account at another credit union or bank. You will first need to sign a Funds Transfer Agreement that is kept on file at the credit union for verification of wire requests made in the future. The Authorization for Wire Transfer is then completed for each wire requested. Sign the forms in person, or ask the Phone Center to fax the documents to you and then fax them back with your signature.

Requests for wires going to a destination within the United States must be received at the credit union by 4:00 p.m., Monday through Friday. Requests for outgoing foreign wires must be received by 1:00 p.m. Monday through Friday. Wires cannot be processed on holidays or weekends.  Outgoing wire transfers can only be sent from a checking account.

The fee for a incoming wire transfer is $7, the outgoing wire transfer fee is $20, and the international wire transfer fee is $35.

*UMCU is not responsible for any fees that may be charged by any pass-through or receiving financial institutions.

Western Union

To transfer funds from your account to a Western Union office, contact the Member Service Phone Center or visit any office. The fee is based on the amount of the transfer and the destination location. A $10 UMCU processing fee is assessed and included in the total fee.

NOTE:  Members are responsible for fees that other financial institutions may charge for processing a cable or wire deposit.

For additional information contact the Member Service Center at 800-968-8628 or 734-662-8200.

 

Federally
Insured
by NCUA

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)