University Of Michigan Credit Union
Headquarters
Po Box 7850
Ann Arbor, MI 48107
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2024 Overview
General Credit Union Information
University Of Michigan is an NCUA insured institution located in Ann Arbor, MI. It was founded in 1954 and has approximately $1365.9 millions in assets.
Who can join?
If you are a student of University of Michigan or Washtenaw Community College, you are eligible for UMCU membership.
Employment Eligibility
Any company is able to have University of Michigan Credit Union provide financial services for its employees as long as the company is located in Washtenaw or Livingston counties or is within twenty-five miles of one of the credit union's offices. The only requirement is that an authorized signer from the company provides the credit union with a Partnership Letter. The Partnership Letter authorizes University of Michigan Credit Union to add the company to our field of membership. All employees are then eligible to join the credit union and begin using all of our services.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61552 |
| Date Established | 1954 |
| Assets | $1,365.90 million |
| Loans | $1,063.65 million |
| Deposits | $1,055.51 million |
| Capital | $141.16 million |
Field of Membership Restrictions
Membership in University of Michigan Credit Union is open to students, staff, and faculty of the University of Michigan.
Deposit Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.26% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.36% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for University Of Michigan
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.960% | 6.875% | 0.63 | $2,764 | $2,103 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% | 6.875% | 0.50 | $3,145 | $2,103 | Learn More |
NMLS ID: 3030 |
7.338% | 7.250% | 0.88 | $2,800 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 6.990 % After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to University Of Michigan
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are University Of Michigan branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
University Of Michigan Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 164.91 | A | View Lobby Hours | |
| 166.45 | B | View Lobby Hours | |
| 211.39 | C | View Lobby Hours |
Climate Policy and Initiatives
UNIVERSITY OF MICHIGAN is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
University Of Michigan Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of University Of Michigan. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| University Of Michigan | U.S. Average |
|---|---|
| 4.12% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, University Of Michigan had $5,943,865 in non-current loans and $213,753 in owned assets. To cover these potential losses it had $141,162,216 in net worth and $8,137,651 in loans loss reserves. That gives it a Texas Ratio of 4.12%.
Net Worth
| University Of Michigan | U.S. Average |
|---|---|
| 10.33% | 13.93% |
University Of Michigan FCU has a net worth of 10.33% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for University Of Michigan
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