University of Michigan Credit Union
TypeCredit union
IndustryFinancial services
Founded1954
HeadquartersAnn Arbor, Michigan
Productssavings; checking; consumer loans; mortgages; credit cards; investments; online banking
Total assets$1.19 Billion USD
WebsiteUMCU.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]

Branch locations

UMCU has nine branches in or near Ann Arbor, three in Flint, one on the Eastern Michigan University campus and one in Dearborn.[3]

References

  1. ↑ "2020 Annual Report" (PDF). March 11, 2021. Retrieved May 7, 2021.
  2. ↑ "Founders". March 29, 2017. Retrieved August 20, 2019.
  3. ↑ "Branches". Retrieved August 27, 2022.
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