UNIVERSITY OF MICHIGAN

PO Box 7850
Ann Arbor, MI 48107

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 61552
Date Established 1954
Assets $943.33 million
Loans $708.45 million
Deposits $791.78 million
Capital $85.94 million

University Of Michigan is an NCUA insured institution located in Ann Arbor, MI. It was founded in 1954 and has approximately $943.33 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.

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 - August 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.10% $2,000 $4,999 Learn MoreShow Less
Money Market
0.20% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
0.90% $500 $9,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.75% $10,000 $99,999 Learn MoreShow Less
6 Mo CD
0.85% $100,000 - Learn MoreShow Less
1.00% $10,000 $99,999 Learn MoreShow Less
12 Mo CD
1.10% $100,000 - Learn MoreShow Less
1.26% $10,000 $99,999 Learn MoreShow Less
24 Mo CD
1.36% $100,000 - Learn MoreShow Less
1.31% $10,000 $99,999 Learn MoreShow Less
1.51% $10,000 $99,999 Learn MoreShow Less
1.71% $10,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,000 $4,999 Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.522% 3.500% 0.25 $675 $1,123 Learn More
First Internet Bank
NMLS ID: 424182
3.657% 3.625% 0.38 $980 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 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:
Ashburn,Virginia


University Of Michigan Locations


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
7.44% 6.77

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 March 31, 2019, University Of Michigan had $6,154,117 in non-current loans and $693,670 in owned assets. To cover these potential losses it had $85,939,097 in net worth and $6,066,534 in loans loss reserves. That gives it a Texas Ratio of 7.44%.

Net Worth
University Of Michigan U.S. Average
9.11% 13.47%

University Of Michigan FCU has a net worth of 9.11% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About University Of Michigan

Branches and Savings

What is University Of Michigan?

A federal credit union, registered with the NCUA under certificate #61552.
Learn more about credit unions here.

Is University Of Michigan FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join University Of Michigan?

Please see Field of Membership information above for information on who is eligible to join.

What are University Of Michigan's share account and share certificate rates?

University Of Michigan's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is University Of Michigan?

University Of Michigan has total capital of $85.94 million. Full information on University Of Michigan's financial position is located above.

Who owns University Of Michigan?

Credit Unions are owned by their members.

Where are University Of Michigan branches located?

See branch locations nearby.

Are University Of Michigan ATMs Open 24/7?

Do University Of Michigan ATMs accept cash deposits?

Can University Of Michigan customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does University Of Michigan have a mobile app?

Does University Of Michigan have mobile deposit?

Does University Of Michigan have quick pay?

How can University Of Michigan transfer money to other banks or credit unions?

Does University Of Michigan report to credit bureaus?

Does University Of Michigan use Chexsystems?

Does University Of Michigan use Equifax?

What is University Of Michigan's toll free phone number?

What is University Of Michigan's ACH Routing Number?

What is University Of Michigan's SWIFT code?

Where can I find University Of Michigan's wire transfer form?

What is the University Of Michigan address for deposits?

What Products Does University Of Michigan Offer

Does University Of Michigan offer mortgages?

Compare mortgage rates here.

Does University Of Michigan offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does University Of Michigan offer auto and RV loans?

Compare auto loan rates here.

Does University Of Michigan offer student loans or personal loans?

Compare personal loan rates here.

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