Sep, 30, 2022 — SMART FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 13 branch locations and about $867.63 million in total assets. Opened 89 years ago in 1934, SMART FINANCIAL CREDIT UNION has about 64,043 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: | 64,043 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $867,632,640 |
| CEO/Manager: | LeAnn Kaczynski |
| Chairperson: | Chad G Greer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,645,304 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 227,322,480 |
| Unsecured Loans | 46,491,978 |
| Other Loans | 169,125,349 |
| TOTAL LOANS | 442,939,807 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,739,671 |
| Land And Building | 28,290,896 |
| Other Fixed Assets | 4,981,555 |
| NCUSIF Deposit | 7,546,499 |
| All Other Assets | 50,418 |
| TOTAL ASSETS | 867,632,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,130,285 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 183,912,909 |
| Regular shares | 411,500,257 |
| All Other Shares & Deposits | 196,090,150 |
| TOTAL SHARES & DEPOSITS | 791,503,316 |
| TOTAL LIABILITIES | 809,633,601 |
| Regular Reserve | 0 |
| Other Reserves | -22,155,325 |
| Undivided Earnings | 80,154,364 |
| TOTAL EQUITY | 57,999,039 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 867,632,640 |
| INCOME & EXPENSE | |
| Loan Income | 13,813,943 |
| Investment Income | 2,470,897 |
| Other Income | 4,101,173 |
| Total Employee Compensation & Benefits | 13,381,731 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,607,191 |
| Non-operating Income & (Expense) | 12,319 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -266,503 |
| Cost of Funds | 952,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,926,865 |
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