EIN 38-1464920

Credit Unions Chartered in the State of Michigan - 414 University of Michigan Cu (UMCU)

IRS 501(c) type
501(c)(14)
Num. employees
257
Year formed
1954
Most recent tax filings
2023-12-01
Description
We are dedicated to providing our members with the very best in financial services at extremely competitive rates and terms.
Related structure
UMCU is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan-University of Michigan Cu; University of Michigan Credit Union; 414 University of Michigan Cu
Total revenues
$64,479,602
2023
Total expenses
$56,414,136
2023
Total assets
$1,357,882,173
2023
Num. employees
257
2023

Program areas at UMCU

Provide 117,703 members with regular shares, share drafts, certificates of deposit, ira, club, and business accounts with an aggregate balance that approximated $1,066,095,000 as of december 31, 2023.
Offer automated teller machines, debit cards, check cashing, bill pay, overdraft protection/courtesy pay, various insurance and investment products to all eligible members.
Provide 80,094 loans including vehicle, Credit card, unsecured, student, indirect, recreational vehicle, mortgage, business, overdraft lines of Credit, and Credit builder.

Personnel at UMCU

NameTitleCompensation
Tiffany FordPresident and Chief Executive Officer$1,192,068
Tomas KuslikisChief Financial Officer$232,062
Donna DolemanChief Marketing Officer$154,264
Marcus EnglishChief Digital Officer$192,513
Xiang WuChief Technology Officer$190,099
...and 9 more key personnel

Financials for UMCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$61,268,787
Investment income and dividends$2,499,088
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$60,632
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$651,095
Total revenues$64,479,602

Form 990s for UMCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-08990View PDF
2022-122023-08-25990View PDF
2021-122022-11-08990View PDF
2020-122021-10-21990View PDF
2018-122020-02-01990View PDF
...and 8 more Form 990s
Data update history
November 17, 2023
Updated personnel
Identified 4 new personnel
November 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 26, 2023
Used new vendors
Identified 1 new vendor, including
August 6, 2023
Updated personnel
Identified 2 new personnel
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
340 E Huron
Ann Arbor, MI 48104
Metro area
Ann Arbor, MI
County
Washtenaw County, MI
Website URL
umcu.org/home 
Phone
(800) 968-8628
Facebook page
umcreditunion 
Twitter profile
@umcreditunion 
IRS details
EIN
38-1464920
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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