First Miami Student Credit Union became a reality in 1988 when it was founded and established by visionary students who were members of Associated Student Government (ASG) including Randi Thomas, Jeff Carpenter, and Mike Thomas. The credit union began as an initiative of ASG; the origin stemmed from the need for a financial institution on campus to serve the students.
To illustrate the dedication that these students had, the ASG elects donated their office space in 117 Shriver Center to become the original location of First Miami until our move to 2011 Armstrong Student Center in 2014. Financial support from the university soon followed as Ed Demske, Miami University’s Chief Financial Officer, contributed $98, 000 to aid in credit union operations.
Since its founding, First Miami has become a thriving financial institution that provides all of the products and services one can expect from any other financial institution. The credit union’s current asset base of $600, 000 fluctuates depending on the season and demand of its primary users, students.
First Miami has evolved into a student credit union focused on educating its members about financial issues and ways in which students can build good credit.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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