University of Michigan Credit Union
 | This article includes a list of general references, but it remains largely unverified because it lacks sufficient corresponding inline citations. (March 2018) |
 UMCU's headquarters in the former Ann Arbor News Building | |
| Type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1954 |
| Headquarters | Ann Arbor, Michigan |
| Products | savings; checking; consumer loans; mortgages; credit cards; investments; online banking |
| Total assets | $1.19 Billion USD |
| Website | UMCU.org |
The University of Michigan Credit Union (UMCU) is a non-profit financial cooperative headquartered in Ann Arbor, Michigan. It has over $1 billion in assets and over 100,000 members as of 2020.[1] UMCU is not operated by the University of Michigan but has strong ties with it, based on its origins as a credit union for university employees.
History[]
UMCU was founded on November 8, 1954 as the University of Michigan Employee’s Credit Union, with membership limited to University of Michigan employees. It was initially located in an office in the University of Michigan's Administration Building. In 1982, the credit union expanded its membership to include university alumni and was renamed the University of Michigan Credit Union.[2] In the 1990s, membership was further expanded to include university students and currently includes all residents of the Lower Peninsula of Michigan.
Branch locations[]
UMCU has eight branches in or near Ann Arbor, three in Flint, one on the Eastern Michigan University campus and one in Dearborn.[3]
References[]
- ^ "2020 Annual Report" (PDF). March 11, 2021. Retrieved May 7, 2021.
- ^ "Founders". March 29, 2017. Retrieved August 20, 2019.
- ^ "Branches". Retrieved May 7, 2021.
External links[]
- Credit unions based in Michigan
- University of Michigan
- Banks established in 1954
- Companies based in Ann Arbor, Michigan
- 1954 establishments in Michigan