University Of Michigan Credit Union

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A short history of University Of Michigan CU

Since its inception in 1954 the University Of Michigan Credit Union has been serving its members in the ANN ARBOR, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Tiffany Ford, the University Of Michigan CU has grown its membership to over 82,037 with assets of more than $777,569,445. They have a main office and 11 branch offices. Please see the credit unions website or contact them by phone at (734) 662-8200 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ANN ARBOR, MI.

General Information For University Of Michigan CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61552
Address 340 E HURON ST 
City ANN ARBOR 
State Michigan 
Zip-Code 48104
Phone Number (734) 662-8200
Fax Number (734) 769-2245
Email Address: none
CEO/President Tiffany Ford
Members 82,037 
Full-Time Employees 149 
Part-Time Employees 12 
Number of Branch Offices 11 
Total Assets 777,569,445 
Website http://www.umcu.org 

Compare University Of Michigan Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Washtenaw CU Washtenaw Federal Credit Union 1861 Whittaker Rd 48197 (734) 961-0506 No 5.06
Unified Communities CU Unified Communities FCU 186 Main St 48111 (734) 697-4800 No 10.12
Ann Arbor Postal CU Credit Union 18459 Redman Rd 48160 (734) 439-3075 No 13.62
Community Financial CU COMMUNITY FINANCIAL NORTH GAYLORD 1360 W Main St 49735 (734) 453-1200 No 14.03
Michigan Educational CU MECU-Brighton 123 Brighton Lake Rd 48116 (810) 494-6000 No 14.88

University Of Michigan Credit Union Financial Performance Charts


Performance Charts

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Financial Data


University Of Michigan Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.99 1.68 1.68 3.75 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 159 13 7 102 132
Rank Among All Michigan Credit Unions 25 3 2 17 23

University Of Michigan Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.15 0.20 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 124 318 271
Rank Among All Michigan Credit Unions 15 19 28 73 59
University Of Michigan Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.99019,21865,387,976
All Other Unsecured Loans/Lines of Credit 13.9905,58224,647,247
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.2501,22922,972,908
New Vehicle Loans 1.6803,38365,322,711
Used Vehicle Loans 1.68011,147131,942,242
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.7501,230162,942,332
Total Other Real Estate Loans/Lines of Credit 4.2501,09327,935,441
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 9.5003607,189,692
TOTAL LOANS & LEASES 43,242508,340,549

University Of Michigan Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 54483,142,4597513,957,614
    b. 15 Years or less 62370,089,451385,877,700
Balloon/Hybrid
    a. > 15 years 336,306,23800
    b. 15 Years or less 273,350,78700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 353,39700

OTHER REAL ESTATE

Closed-End Fixed Rate 43415,436,215451,956,134
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 65912,499,226631,672,293
Open-End Fixed Rate 0000
TOTALS 2,323190,877,77322123,463,741

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

University Of Michigan Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes