Jun, 30, 2024 — SMART FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, OH with 2 branch locations and about $36.29 million in total assets. Opened 73 years ago in 1952, SMART FEDERAL CREDIT UNION has about 3,529 members and employs 5 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3454 N High St COLUMBUS, OH 43214 |
| Phone: | (614) 261-0650 |
| Fax: | (614) 261-0886 |
| Website: | https://www.smartfedcu.com |
| Branches: | 2 branch locations |
| Members: | 3,529 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7772 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,292,837 |
| CEO/Manager: | Jodi L Henricks |
| Chairperson: | Thomas Wendt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,482,721 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,330,059 |
| Unsecured Loans | 2,327,840 |
| Other Loans | 8,390,632 |
| TOTAL LOANS | 13,048,531 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,749 |
| Land And Building | 155,941 |
| Other Fixed Assets | 126,784 |
| NCUSIF Deposit | 312,899 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,292,837 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 931,433 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,332,301 |
| Regular shares | 12,058,548 |
| All Other Shares & Deposits | 15,583,716 |
| TOTAL SHARES & DEPOSITS | 31,974,565 |
| TOTAL LIABILITIES | 32,905,998 |
| Regular Reserve | 0 |
| Other Reserves | 649,499 |
| Undivided Earnings | 2,737,340 |
| TOTAL EQUITY | 3,386,839 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,292,837 |
| INCOME & EXPENSE | |
| Loan Income | 435,211 |
| Investment Income | 206,688 |
| Other Income | 87,957 |
| Total Employee Compensation & Benefits | 332,373 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 449,135 |
| Non-operating Income & (Expense) | -6,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21 |
| Cost of Funds | 57,516 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,191 |
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