Smart Financial Credit Union

Smart Financial Credit Union 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 12/2019, Smart Financial Credit Union employed 282 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 12/2019, Smart Financial Credit Union generated $43.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $39.6m during the year ending 12/2019. While expenses have increased by 2.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 71,000 PLUS MEMBERS.


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Smart Financial Credit Union Board, Officers & Key Employees

Name (title)Compensation
Larry Seidl
CEO
$778,128
Leann Kaczynski
Evp
$320,031
Jeffrey Keene
Clo
$218,721
Angela Chan
CFO
$217,774
Michael Piwetz
Cio
$184,499
Loretta Wolsey
Cro
$166,592

Smart Financial Credit Union Vendors

Vendor Name (Service)Compensation
Vantiv Holdings Llc
Credit And Debit Card Processing
$1,136,518
Business Alliance Financial Services Ll
Mbl Consulting, Loan Underwriting
$533,514
Winstead Pc
Law Firm
$213,082
Toolcaseinformant Llc
It Services
$123,628
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$24,018,153
Investment income $3,078,999
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $579,298
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,400,030

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