Dec, 31, 2023 — SMART FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, OH with 2 branch locations and about $35.77 million in total assets. Opened 72 years ago in 1952, SMART FEDERAL CREDIT UNION has about 3,492 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SMART FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3454 N High St COLUMBUS, OH 43214 |
| Phone: | (614) 261-0650 |
| Fax: | (614) 261-0886 |
| Website: | https://www.smartfedcu.com |
| Branches: | 2 branch locations |
| Members: | 3,492 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7772 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,766,788 |
| CEO/Manager: | Jodi L Henricks |
| Chairperson: | Thomas Wendt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,013,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,921,820 |
| Unsecured Loans | 2,638,903 |
| Other Loans | 9,101,656 |
| TOTAL LOANS | 14,662,378 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,839 |
| Land And Building | 155,941 |
| Other Fixed Assets | 77,887 |
| NCUSIF Deposit | 310,787 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,766,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 489,664 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,189,702 |
| Regular shares | 10,360,507 |
| All Other Shares & Deposits | 16,060,095 |
| TOTAL SHARES & DEPOSITS | 31,610,303 |
| TOTAL LIABILITIES | 32,099,967 |
| Regular Reserve | 0 |
| Other Reserves | 649,499 |
| Undivided Earnings | 3,017,322 |
| TOTAL EQUITY | 3,666,821 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,766,788 |
| INCOME & EXPENSE | |
| Loan Income | 802,020 |
| Investment Income | 565,525 |
| Other Income | 132,709 |
| Total Employee Compensation & Benefits | 474,604 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 656,333 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,712 |
| Cost of Funds | 277,477 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 237,503 |
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