Dec, 31, 2021 — SMART FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 14 branch locations and about $863.05 million in total assets. Opened 88 years ago in 1934, SMART FINANCIAL CREDIT UNION has about 68,277 members and employs 194 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 |
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Address: (Main Office) | 6051 N Course Dr HOUSTON, TX 77072-1667 |
Phone: | (713) 850-1600 |
Fax: | |
Website: | http://www.smartcu.org |
Branches: | 14 branch locations |
Members: | 68,277 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67927 |
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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: | $863,053,062 |
CEO/Manager: | Larrry Seidl |
Chairperson: | Michael J O'Neill |
ASSETS: | $ Amount |
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Cash & Equivalents | 174,809,857 |
TOTAL INVESTMENTS | 194,741,088 |
Loans Held for Sale | 0 |
Real Estate Loans | 231,365,514 |
Unsecured Loans | 44,315,963 |
Other Loans | 151,965,436 |
TOTAL LOANS | 427,646,913 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,449,403 |
Land And Building | 27,440,207 |
Other Fixed Assets | 2,939,032 |
NCUSIF Deposit | 7,457,940 |
All Other Assets | 31,467,428 |
TOTAL ASSETS | 863,053,062 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,499,115 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 184,686,341 |
Regular shares | 400,845,516 |
All Other Shares & Deposits | 194,390,472 |
TOTAL SHARES & DEPOSITS | 779,922,329 |
TOTAL LIABILITIES | 794,421,444 |
Regular Reserve | 4,726,719 |
Other Reserves | -7,595,881 |
Undivided Earnings | 71,500,780 |
TOTAL EQUITY | 68,631,618 |
TOTAL LIABILITIES, SHARES, & EQUITY | 863,053,062 |
INCOME & EXPENSE | |
Loan Income | 19,530,890 |
Investment Income | 1,556,828 |
Other Income | 4,967,752 |
Total Employee Compensation & Benefits | 16,425,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,489,789 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -903,608 |
Cost of Funds | 1,239,149 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,018,760 |
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