Dec, 31, 2023 — SMART CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, TN with 2 branch locations and about $3.67 million in total assets. Opened 21 years ago in 2003, SMART CHOICE CREDIT UNION has about 942 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SMART CHOICE CREDIT UNION |
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Address: (Main Office) | 1075 Blythe Ave SE CLEVELAND, TN 37311-2948 |
Phone: | (423) 559-1181 |
Fax: | (423) 339-1056 |
Website: | https://smartchoicecreditunion.com |
Branches: | 2 branch locations |
Members: | 942 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68513 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 2003 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,669,137 |
CEO/Manager: | DENIS COLLINS |
Chairperson: | James T Neaton |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,249,459 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,017 |
Unsecured Loans | 267,229 |
Other Loans | 1,077,793 |
TOTAL LOANS | 1,369,039 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,692 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 33,206 |
All Other Assets | 0 |
TOTAL ASSETS | 3,669,137 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 22,920 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,490,411 |
All Other Shares & Deposits | 1,799,200 |
TOTAL SHARES & DEPOSITS | 3,289,612 |
TOTAL LIABILITIES | 3,312,532 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 356,605 |
TOTAL EQUITY | 356,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,669,137 |
INCOME & EXPENSE | |
Loan Income | 139,894 |
Investment Income | 56,336 |
Other Income | 18,969 |
Total Employee Compensation & Benefits | 131,534 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,120 |
Non-operating Income & (Expense) | 1 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 11,159 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,387 |
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