UNIVERSITY OF MICHIGAN CREDIT UNION

ANN ARBOR, MI | Washtenaw County
Mission-Driven Bank or Credit Union

Overview

UNIVERSITY OF MICHIGAN CREDIT UNION
38-1464920
340 E HURON ST
ANN ARBOR, MI 48104
Washtenaw County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Mission-Driven Bank or Credit Union
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
921
Loans or credit reporting
279
Other services or benefits to members or employees
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not Available
Native American CDFI info
N
Financial Institution Type info
Credit Union
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$47.1M
Revenue
$47.1M
Assets
$1.2B
Exempt Ruling Date info
1956-10
Deductibility Status info
Not Deductible
Last Tax Filing info
2020
Organization Type info
Association
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Subordinate Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

Nonprofit Location

Physical Address info
340 E HURON ST
ANN ARBOR, MI 48104
Washtenaw County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
11460
MSA/MD info
26
State info
161
County info
4001.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
11460 - Ann Arbor, MI
Combined Statistical Area info
220 - Detroit-Warren-Ann Arbor, MI
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 41.01%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
4001.00 Washtenaw County
Population
Total Population 1,958 368,385
Total Households 1,282 143,040
Income
Median Family Income (Census*) $149,167 $75,730
Median Family Income (2022 FFIEC est.) $117,800 N/A
Tract Income Percentage 141.76% N/A
Below Poverty Level 48.7% 13.9%
Unemployment Level 10.5% 4.5%
Housing
Total Housing Units 1,485 151,753
Total Owner-Occupied Units 16.1% 61.5%
Total Renter-Occupied Units 70.2% 38.5%
Total Vacant Units 13.7% 4.7%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body
info
10
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Tomas Kuslikis
VP of Accounting & Finance
(734) 662-8200
Principal Officer info
Tiffany Ford
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.