The University of Michigan Credit Union (UMCU) is a non-profit financial cooperative headquartered in

Ann Arbor, Michigan Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County, Michigan, Washtenaw County. The 2020 United States census, 2020 census recorded its population to be 123,851. It is the principal city of the Ann Arbor ...

. It has over $1 billion in assets and over 100,000 members . UMCU is not operated by the

University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...

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.

Branch locations

UMCU has nine branches in or near Ann Arbor, three in

Flint Flint, occasionally flintstone, is a sedimentary cryptocrystalline form of the mineral quartz, categorized as the variety of chert that occurs in chalk or marly limestone. Flint was widely used historically to make stone tools and start fir ...

, one on the

Eastern Michigan University Eastern Michigan University (EMU, Eastern Michigan or simply Eastern), is a public research university in Ypsilanti, Michigan. Founded in 1849 as Michigan State Normal School, the school was the fourth normal school established in the United Sta ...

campus and one in Dearborn.

References

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External links

UMCUCredit Union Service CentersCO-OP Network
Credit unions based in Michigan University of Michigan Banks established in 1954 Companies based in Ann Arbor, Michigan 1954 establishments in Michigan