Sep, 30, 2021 — SMART FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in Houston, TX with 14 branch locations and about $857.85 million in total assets. Opened 87 years ago in 1934, SMART FINANCIAL CREDIT UNION has about 68,685 members and employs 193 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) | PO Box 920719 Houston, TX 77292 |
| Phone: | (713) 850-1600 |
| Fax: | |
| Website: | http://www.smartcu.org |
| Branches: | 14 branch locations |
| Members: | 68,685 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $857,849,369 |
| CEO/Manager: | Larrry Seidl |
| Chairperson: | Michael J O'Neill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 174,080,068 |
| TOTAL INVESTMENTS | 188,583,191 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 237,291,720 |
| Unsecured Loans | 44,892,757 |
| Other Loans | 152,963,781 |
| TOTAL LOANS | 435,163,822 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,529,812 |
| Land And Building | 26,393,139 |
| Other Fixed Assets | 3,636,886 |
| NCUSIF Deposit | 6,924,060 |
| All Other Assets | 26,598,015 |
| TOTAL ASSETS | 857,849,369 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,792,880 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 182,120,848 |
| Regular shares | 399,361,835 |
| All Other Shares & Deposits | 193,759,178 |
| TOTAL SHARES & DEPOSITS | 775,241,861 |
| TOTAL LIABILITIES | 794,034,741 |
| Regular Reserve | 4,726,719 |
| Other Reserves | -11,587,974 |
| Undivided Earnings | 70,675,883 |
| TOTAL EQUITY | 63,814,628 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 857,849,369 |
| INCOME & EXPENSE | |
| Loan Income | 14,859,962 |
| Investment Income | 1,132,117 |
| Other Income | 3,598,995 |
| Total Employee Compensation & Benefits | 12,871,323 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,913,610 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -949,983 |
| Cost of Funds | 980,068 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,193,862 |
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