University of Michigan Credit Union Ann Arbor MI | Affordable Vehicle Loans & Mortgage Refinancing

Introduction

Welcome to the University Of Michigan, your trusted partner in financial services located at 530 S State St Ste G308, Ann Arbor, MI 48109. Since our establishment in 1954, we have proudly served a growing community of 118,034 members, providing them with tailored solutions to meet their unique financial needs. With total assets of over $1.33 billion and a commitment to fostering member growth, we stand as a pillar of support in the Ann Arbor area. Our mission goes beyond just banking; we aim to build lasting relationships with our members. Our dedicated team, led by CEO Tiffany Ford and Board President Earl Bell, is passionate about helping you achieve your financial goals. Whether you're looking for personal banking options like checking and savings accounts, auto loans, or mortgage refinancing, we've got you covered. While members can visit us at our branch location, official correspondence should be sent to PO Box 7850, Ann Arbor, MI 48107. With a solid foundation backed by $86.5 million in total deposits and an impressive loan portfolio featuring over 80,111 loans, we are equipped to assist you every step of the way. At the University Of Michigan, we're more than just numbers. With a net worth of $144.3 million and cash on hand amounting to $9.8 million, we ensure that your money is safe and secure while actively working towards helping our community thrive. We invite you to reach out with any questions or stop by our branch for personalized service from our friendly staff. Call us at 734-662-8200 or explore more about our offerings on our website here. Join us today and experience the difference that comes with being part of a member-focused credit union!

Branch History & Mission

Join Us

As we look toward the future, we invite you to join us on this remarkable journey. Experience firsthand the personalized service and supportive atmosphere that makes the University Of Michigan Credit Union more than just a bank it's your financial partner. Whether you're looking to open an account or explore loan options, we're here for you every step of the way. Feel free to reach out at 734-662-8200 for any inquiries or assistance. Together, let's build a stronger community through sound financial choices!

Our Journey

The journey of the University Of Michigan Credit Union began with a simple mission: to provide accessible financial services to the university community and beyond. From our humble beginnings, we have continually evolved to meet the changing needs of our members. We are located at 530 S State St Ste G308, conveniently situated near the bustling campus life and just a short walk from iconic landmarks such as the Michigan Union itself. Over the years, we've embraced advancements in technology while maintaining our core values of trust, integrity, and community spirit. As part of our ongoing evolution, we've introduced online banking services, mobile applications, and user-friendly features like e-statements and electronic signatures. These innovations reflect our dedication to providing convenient and efficient banking solutions that cater to modern lifestyles.

Our Mission

Our mission is clear: to enhance the financial well-being of our members while supporting the broader community in Ann Arbor. We strive not only to offer competitive personal banking services including checking and savings accounts, auto loans, mortgages, and credit cards but also to contribute positively through outreach initiatives that uplift those around us. Through partnerships with local organizations and active participation in community events, we aim to make a meaningful impact. We believe that when our members succeed financially, our entire community thrives. While members can visit us at 530 S State St Ste G308, official correspondence should be sent to PO Box 7850, Ann Arbor, MI 48107. Our branch is equipped with an ATM for your convenience; however, please note that we do not have drive-thru banking available at this location.

Branch Location & Accessibility

Convenient Access and Features

Our branch is designed with your convenience in mind. We offer ample parking, so you won't have to worry about finding a spot when you visit. Plus, our location is fully accessible, ensuring that everyone can enjoy our services without any hurdles. While members can visit us at 530 S State St Ste G308 for all their banking needs, official correspondence should be sent to PO Box 7850, Ann Arbor, MI 48107.

Get in Touch!

If you're ever in the area, we invite you to stop by and experience our welcoming atmosphere firsthand. Our knowledgeable staff is eager to assist you with any questions or services you may need. For added convenience, we also have ATM access available for quick cash withdrawals and balance checks. Come visit us at the University Of Michigan branch today your financial journey starts here!

Operating Hours

We understand that life can be busy! That's why we strive to accommodate your schedule with flexible operating hours. Our branch is open throughout the week; feel free to give us a call at 734-662-8200 if you'd like to know more about our specific hours.

Services Offered

At the University Of Michigan branch, we pride ourselves on providing a range of financial services tailored to meet your needs. Whether you're looking to open a checking or savings account, secure an auto loan or mortgage, or explore personal loans and credit cards with rewards, our friendly team is here to help. We also provide online and mobile banking services for those who prefer managing their finances digitally.

Member Eligibility

At University Of Michigan, we believe that everyone deserves a chance to be part of a supportive community where your financial well-being is our priority. Becoming a member is simple and open to anyone who meets our eligibility criteria, which typically includes being affiliated with the University of Michigan or living in the surrounding area. This means whether you're a student, faculty member, staff, or even just a resident nearby, you might already qualify! Joining us not only grants you access to great financial products but also connects you to a community that genuinely cares about your needs and goals. For detailed eligibility requirements, feel free to visit our website at . Once you're ready to take the next step, opening an account is just as easy! You can start your application online by visiting http://www.umcu.org/loans/apply-for-a-loan , or if you prefer speaking with someone directly, give us a call at (734) 662-8200. We're excited to welcome you to University Of Michigan and help you on your financial journey!

Business Banking & Commercial Services

Merchant Services that Matter

In addition to loans, we offer merchant services that simplify transactions so you can focus on what matters running your business. Our solutions help you accept payments easily and efficiently, allowing you to serve customers better while keeping your operations smooth. Visit us at 530 S State St Ste G308 Ann Arbor Mi 48109 in Ann Arbor, MI, or call us at (734) 662-8200 to learn more about how we can help your business thrive!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $8 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $6 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $4,543,050, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

For entrepreneurs and small business owners, our business banking services include merchant services and business loans tailored to help you succeed. We know how vital it is to have reliable support as you grow your enterprise.

Credit Cards

Looking for a credit card that rewards you? Our credit cards come with benefits that can enhance your spending power while earning you rewards on everyday purchases. It's about making your money work for you!

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features that allow you to manage your accounts whenever you need to. You can easily access ATM services for cash withdrawals or balance checks no matter where life takes you. At University Of Michigan, we pride ourselves on our commitment to serving our members' financial needs with warmth and expertise. If you're ready to take control of your financial journey or have questions about any of our services, don't hesitate to reach out at (734) 662-8200 or visit us at https://www.umcu.org/Home . Together, let's build a brighter financial future!

Home Financing

For those dreaming of homeownership, we offer mortgage loans and refinancing options. Our knowledgeable team can guide you through the process, ensuring you find a plan that fits your budget. Whether it's your first home or an investment property, we'll help make it happen.

Personal Banking

Our personal banking options include checking and savings accounts tailored for every lifestyle. Imagine having easy access to your funds through our online and mobile banking platforms check balances, transfer money, or pay bills from anywhere! If you're considering purchasing a car, our auto loans make financing simple and straightforward. With competitive rates and flexible terms, you can get behind the wheel without breaking the bank.

Personal Loans

Life can be unpredictable, and sometimes you need a little extra cash. That's where our personal loans come in handy. Whether it's for debt consolidation or unexpected expenses, we provide solutions with favorable terms to ease your financial stress.

Digital & Online Banking

At University Of Michigan, we understand that convenience and security are top priorities for our members. That's why we offer a robust suite of digital and online banking services designed to make managing your finances easy and secure, anytime and anywhere. With our 24/7 online banking services available at https://www.umcu.org/Home , you can check your account balances, view transaction history, and transfer funds all from the comfort of your home or on the go. It's like having a bank branch right in your pocket! Our mobile application adds another layer of convenience, allowing you to access your accounts directly from your smartphone. Whether you're paying bills or checking recent transactions, it's simple and user-friendly. Plus, with person-to-person transfers, sending money to friends or family is just a few taps away. Security is always a priority at University Of Michigan. Our services come equipped with electronic signature authorization, ensuring that your transactions are protected while still being easy to complete. And if you prefer going paperless, our e-statements provide a secure and eco-friendly way to manage your statements without cluttering up your mailbox. For those who enjoy the latest technology in finance management, our mobile payments feature allows you to make quick payments directly from your device (coming soon!). We're committed to providing you with all the tools necessary for real-time account management. In short, whether you're at home or out and about, University Of Michigan has the digital banking solutions you need to stay connected with your finances effortlessly. Visit us today at https://www.umcu.org/Home to explore all these exciting features!

Financial Strength

Growing Member Base

Total Share and Deposit Accounts: 241,835, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $15,834,236. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, University Of Michigan is your trusted partner. Visit us at 530 S State St Ste G308 Ann Arbor Mi 48109 or call (734) 662-8200 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 228 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Future Growth

With $139,463,623 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $17,891 in used auto loans and $1,052,318,501 in total loans and leases.

Secure Savings Opportunities

Members' savings are secured through $85,916,140 in share certificates and $186,145,886 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Capital Foundation

With a net worth of $144,340,876, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,084 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $242,101,436 in used vehicle loans and $141,127,994 in new vehicle loans already helping members get on the road. Our financing options are designed to make owning a vehicle more accessible and affordable.

Business Financing

For business owners, our outstanding commercial loans totaling $4,543,050 provide the capital needed to grow and expand. We understand the challenges businesses face and are committed to supporting our local entrepreneurs with reliable financing solutions. If you're interested in refinancing or exploring eligibility options for any of these products, please don't hesitate to reach out. Our dedicated team at University Of Michigan, located at 530 S State St Ste G308 Ann Arbor Mi 48109 in Ann Arbor, MI, is ready to assist you. Feel free to give us a call at (734) 662-8200 for personalized service. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Whether you're taking your first step into borrowing or looking for better terms on existing loans, we're here to help you succeed financially!

Credit Lines and Unsecured Loans

For those who need flexibility in their finances, we offer credit lines with a total of $320,818,280 available. Additionally, our unsecured credit card loans amounting to $107,792,676 provide an easy way to manage expenses without collateral. These products are designed to give you peace of mind while ensuring you have access to funds when needed.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $68,151,854, make buying or refinancing simple. We can help you navigate the process and find a loan that fits your budget.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This approach is based on the latest results, guaranteeing that users receive fair and transparent offers (Source: https://www.ncua.gov ). One of the key benefits of using LendMesh is Verified Data. All loan offers are sourced from legitimate financial institutions, which fosters transparency in the lending process. Additionally, LendMesh prioritizes user trust by maintaining a policy of No Sponsored Listings. This means that lenders are not ranked based on paid promotions; instead, you receive unbiased results focused solely on your needs. The platform also provides Real-Time Rate Comparisons, ensuring you have access to up-to-date loan rates from multiple institutions. This capability allows users to make informed decisions tailored to their financial situations. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight the effectiveness and reliability of this tool. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

UNIVERSITY OF MICHIGAN CREDIT UNION