Sep, 30, 2025 — SMART CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, TN with 2 branch locations and about $3.77 million in total assets. Opened 23 years ago in 2003, SMART CHOICE CREDIT UNION has about 948 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SMART CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1075 Blythe Ave SE CLEVELAND, TN 37311-2948 |
| Phone: | (423) 559-1181 |
| Fax: | (423) 339-1056 |
| Website: | https://wwwsmartchoicecreditunion.c |
| Branches: | 2 branch locations |
| Members: | 948 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68513 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2003 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,771,933 |
| CEO/Manager: | DENIS COLLINS |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,230,777 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,158 |
| Unsecured Loans | 290,407 |
| Other Loans | 1,201,762 |
| TOTAL LOANS | 1,500,327 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,318 |
| Land And Building | 0 |
| Other Fixed Assets | 18 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 30,793 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,771,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,746 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,392,847 |
| All Other Shares & Deposits | 2,009,676 |
| TOTAL SHARES & DEPOSITS | 3,402,522 |
| TOTAL LIABILITIES | 3,409,268 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 362,665 |
| TOTAL EQUITY | 362,665 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,771,933 |
| INCOME & EXPENSE | |
| Loan Income | 94,344 |
| Investment Income | 48,749 |
| Other Income | 19,946 |
| Total Employee Compensation & Benefits | 99,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 41,822 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,861 |
| Cost of Funds | 14,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 138 |
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