Southeast Michigan State Employees Federal Credit Union

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A short history of Southeast Michigan State Employees FCU

Since its inception in 1952 the Southeast Michigan State Employees Federal Credit Union has been serving its members in the SOUTHFIELD, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Martin Hansen, the Southeast Michigan State Employees FCU has grown its membership to over 4,093 with assets of more than $35,187,843. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (248) 557-2266 or email them at mhansen@smsefcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SOUTHFIELD, MI.

General Information For Southeast Michigan State Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 7628
Address 17135 W. 10 MILE ROAD 
City SOUTHFIELD 
State Michigan 
Zip-Code 48075
Phone Number (248) 557-2266
Fax Number (248) 557-0453
Email Address: mhansen@smsefcu.com
CEO/President Martin Hansen
Members 4,093 
Full-Time Employees 11 
Part-Time Employees
Number of Branch Offices
Total Assets 35,187,843 
Website http://www.smsefcu.com 

Compare Southeast Michigan State Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Credit Union Advantage CU Main Office 22250 Providence Dr 48075 (248) 996-6070 No 1.36
People Driven CU Eastside Branch 30800 Van Dyke Ave Ste 101 48093 (248) 263-4220 No 1.53
Michigan First CU Breton Branch 1815 Breton Rd SE 49506 (616) 456-8848 No 1.70
Construction CU Main office 30400 Telegraph Rd Ste 122 48025 (248) 358-4140 No 4.28
Our CU 12 Mile Road Office 5625 E 12 Mile Rd 48073 (249) 549-3838 No 4.84

Southeast Michigan State Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Southeast Michigan State Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 13.92 4.25 5.75 6.00 N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 494 311 416 373 N/A
Rank Among All Michigan Credit Unions 91 92 100 99 N/A

Southeast Michigan State Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.15 0.35 0.75 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 119 89 215 158
Rank Among All Michigan Credit Unions 13 14 14 47 26
Southeast Michigan State Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 13.9209411,481,032
All Other Unsecured Loans/Lines of Credit 15.0001,1743,615,319
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.000202128,715
Non-Federally Guaranteed Student Loans 6.500151137,119
New Vehicle Loans 4.25058864,620
Used Vehicle Loans 5.7503043,305,171
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.00015810,463
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.75022201,007
TOTAL LOANS & LEASES 2,86710,543,446

Southeast Michigan State Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 4450,0721116,100
    b. 15 Years or less 11360,3913327,000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 15810,4634443,100

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Southeast Michigan State Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes