Sep, 30, 2025 — UNIVERSITY OF MICHIGAN CREDIT UNION is a federally insured state chartered credit union headquartered in ANN ARBOR, MI with 17 branch locations and about $1.38 billion in total assets. Opened 72 years ago in 1954, UNIVERSITY OF MICHIGAN CREDIT UNION has about 121,675 members and employs 237 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY OF MICHIGAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 340 E Huron St ANN ARBOR, MI 48104 |
| Phone: | (734) 662-8200 |
| Fax: | (734) 769-2245 |
| Website: | https://www.umcu.org |
| Branches: | 17 branch locations |
| Members: | 121,675 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61552 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,381,901,663 |
| CEO/Manager: | Tiffany L Ford |
| Chairperson: | Earl Bell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,989,202 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 540,859,542 |
| Unsecured Loans | 178,966,853 |
| Other Loans | 412,114,860 |
| TOTAL LOANS | 1,131,966,681 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,109,782 |
| Land And Building | 79,409,135 |
| Other Fixed Assets | 2,411,282 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,646,100 |
| All Other Assets | 717,936 |
| TOTAL ASSETS | 1,381,901,663 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 152,806,824 |
| Accounts Payable & Other Liabilities | 17,669,285 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 377,320,057 |
| Regular shares | 351,803,957 |
| All Other Shares & Deposits | 333,692,792 |
| TOTAL SHARES & DEPOSITS | 1,062,816,806 |
| TOTAL LIABILITIES | 1,233,292,915 |
| Regular Reserve | 0 |
| Other Reserves | 2,083,478 |
| Undivided Earnings | 146,525,270 |
| TOTAL EQUITY | 148,608,748 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,381,901,663 |
| INCOME & EXPENSE | |
| Loan Income | 47,079,991 |
| Investment Income | 4,327,742 |
| Other Income | 3,713,685 |
| Total Employee Compensation & Benefits | 19,726,284 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 22,315,207 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,418,377 |
| Cost of Funds | 10,004,015 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,428,203 |
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