Smart Financial Credit Union

Organization Overview

Smart Financial Credit Union is located in Houston, TX. The organization was established in 1976. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Smart Financial Credit Union employed 252 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Smart Financial Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Smart Financial Credit Union generated $34.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $30.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AN EXCELLENT EXPERIENCE THROUGH EVERY MEMBER-OWNER AND CO-WORKER INTERACTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NON-PROFIT SAVINGS INSTITUTION INCORPORATED UNDER PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AND PROVIDING CREDIT AT A FAIR AND REASONABLE RATE FOR OUR 68,000 PLUS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Larry Seidl
CEO
$424,115
Leann Kaczynski
Evp
$292,136
Jeffrey Keene
SVP Lending
$260,299
Angela Chan
CFO
$206,066
Preston Price
Cxo
$178,909
Tricia Smith
VP Lending Services
$177,995

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Worldpay Holding Llc
Credit And Debit Card Processing
$371,742
Business Alliance Financial Services Ll
Mbl Consulting, Loan Underwriting
$333,145
Custom Contract Services
Construction, Maintenance
$250,690
Toolcaseinformant Llc
It Services
$187,054
Winstead Pc
Law Firm
$228,946
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$19,530,890
Investment income $1,556,785
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,269,474

Peer Organizations

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