Southeast Michigan State Employees Federal Credit Union
Major Rating Factors:
A current level of 6.1 percent of nonperforming loans to core capital combined with 16.3 percent from a year earlier contributes to the Good asset quality (6.7). Good current capitalization (6.7 on a scale of 0 to 10) based on a net capital to total assets of 9.1 and a net worth ratio of 0.0.
Other Rating Factors:
Excellent liquidity 7.5, driven by a liquidity ratio of 41.6 percent and a “hot money” ratio of 1.7 percent. Operating profits as a percentage of assets at 1.4%, coupled with a return on assets of 0.7 has resulted in Good (5.8) profitability.
Asset Mix:
Consumer loans (15%), home mtgs (1%), other (84%)
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Address
6230 Orchard Lake Rd. 290
West Bloomfield, MI 48322
West Bloomfield, MI 48322
Phone Number
(248) 557-2266
NCUA Charter Number
Website
Largest Competitors
Caledonia, MI
East Lansing, MI
Dearborn, MI
Auburn Hills, MI
West Bloomfield, MI