Sep, 30, 2025 — SOUTHEAST MICHIGAN STATE EMPLOYEES CREDIT UNION (SMSE) is a federal credit union headquartered in WEST BLOOMFIELD, MI with 1 branch location and about $50.82 million in total assets. Opened 74 years ago in 1952, SOUTHEAST MICHIGAN STATE EMPLOYEES CREDIT UNION (SMSE) has about 3,288 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHEAST MICHIGAN STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 6230 Orchard Lake Rd WEST BLOOMFIELD, MI 48322 |
| Phone: | (248) 557-2266 |
| Fax: | (248) 557-0453 |
| Website: | https://www.smsefcu.com |
| Branches: | 1 branch locations |
| Members: | 3,288 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7628 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,817,142 |
| CEO/Manager: | Danielle Goss |
| Chairperson: | Robert C Andrews |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,829,450 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 672,546 |
| Unsecured Loans | 3,685,150 |
| Other Loans | 4,047,276 |
| TOTAL LOANS | 8,404,972 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -720,223 |
| Land And Building | 0 |
| Other Fixed Assets | 67,186 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 430,154 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,817,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,383 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 238,846 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,824,936 |
| Regular shares | 24,398,418 |
| All Other Shares & Deposits | 10,895,052 |
| TOTAL SHARES & DEPOSITS | 45,118,406 |
| TOTAL LIABILITIES | 45,388,635 |
| Regular Reserve | 0 |
| Other Reserves | -214,029 |
| Undivided Earnings | 5,642,536 |
| TOTAL EQUITY | 5,428,507 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,817,142 |
| INCOME & EXPENSE | |
| Loan Income | 507,908 |
| Investment Income | 1,207,702 |
| Other Income | 186,998 |
| Total Employee Compensation & Benefits | 611,439 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 814,993 |
| Non-operating Income & (Expense) | 356,202 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 299,073 |
| Cost of Funds | 140,678 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 520,466 |
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