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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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