Dec, 31, 2023 — SMART FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 13 branch locations and about $850.34 million in total assets. Opened 90 years ago in 1934, SMART FINANCIAL CREDIT UNION has about 62,668 members and employs 196 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6051 N Course Dr HOUSTON, TX 77072-1667 |
| Phone: | (713) 850-1600 |
| Fax: | |
| Website: | https://www.smartcu.org |
| Branches: | 13 branch locations |
| Members: | 62,668 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67927 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $850,335,017 |
| CEO/Manager: | LeAnn Kaczynski |
| Chairperson: | Chad G Greer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 46,148,990 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 272,637,627 |
| Unsecured Loans | 58,602,302 |
| Other Loans | 198,019,131 |
| TOTAL LOANS | 529,259,060 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,548,968 |
| Land And Building | 29,823,514 |
| Other Fixed Assets | 4,271,923 |
| NCUSIF Deposit | 7,275,373 |
| All Other Assets | 3,572,350 |
| TOTAL ASSETS | 850,335,017 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 80 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 17,744,386 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 174,562,431 |
| Regular shares | 358,913,038 |
| All Other Shares & Deposits | 184,940,319 |
| TOTAL SHARES & DEPOSITS | 718,415,789 |
| TOTAL LIABILITIES | 776,160,255 |
| Regular Reserve | 0 |
| Other Reserves | -9,121,614 |
| Undivided Earnings | 83,296,376 |
| TOTAL EQUITY | 74,174,762 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 850,335,017 |
| INCOME & EXPENSE | |
| Loan Income | 25,093,574 |
| Investment Income | 6,925,409 |
| Other Income | 5,652,140 |
| Total Employee Compensation & Benefits | 17,956,727 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,853,217 |
| Non-operating Income & (Expense) | 9,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 571,933 |
| Cost of Funds | 7,588,126 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,063,779 |
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