You are overthinking it, it's just a misspelling of "FUCK." As spelling FUCM (with the intention of spelling FUCK) in all caps results in Apple's autocorrect to not fix it because its a curse word and because it is in all caps.
"FUCM!"

"What does 'FUCM' mean?"

"Fuck you dumb cunt."
by Nigel_the_best December 13, 2020
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Stands for "First United Church of Michelle"

Michelle Phelps is also a very religious women and has her own church. If you believe in her and worship her and try hard in everything you do She WILL bless you.
"Where do you go to church?"

"FUCM'

"oh cool"
by MichellePhelps1 December 14, 2009
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