Smart Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 740695355 ✦ Houston, TX ✦ Designated as a 501(c)(14)

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Overview

What is Smart Financial Credit Union?

Smart Financial Credit Union is a non-profit savings institution based in Houston, Texas, with over 63,000 members. Established under the Texas Credit Union Act, its primary objective is to encourage thrift and offer affordable credit to its members. The credit union aims to provide an excellent experience through every interaction with its member-owners and co-workers. In line with its mission, it promotes financial well-being within its communities by offering financial education and fostering long-lasting relationships with members, teammates, and community partners. With a team of 244 employees, Smart Financial Credit Union operates with a commitment to enhancing the financial lives of its members.


Official website here: www.smartcu.org

Is Smart Financial Credit Union legitimate?

Smart Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Smart Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,462,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,879,233

For more financial information, click here


Official website here: www.smartcu.org

What is the mission statement of Smart Financial Credit Union?

Smart Financial Credit Union is dedicated to promoting financial well-being within communities by providing financial education and fostering deep, long-lasting relationships with its members, teammates, and community partners. As a non-profit savings institution, it operates under the Texas Credit Union Act with the purpose of encouraging thrift and offering credit at fair and reasonable rates to over 63,000 members. The organization is committed to delivering excellent experiences through every interaction, aiming to make a positive impact on people's financial lives.


Official website here: www.smartcu.org

Who is the CEO of Smart Financial Credit Union?

Leann Kaczynski is the Chairman of Smart Financial Credit Union. The CEO's salary of Smart Financial Credit Union is $131,030 and their total compensation is $176,758.


Official website here: www.smartcu.org

What is the revenue of Smart Financial Credit Union?

Smart Financial Credit Union's revenue in 2022 was $39,299,069.


Official website here: www.smartcu.org

Who are the executives of Smart Financial Credit Union and what are their salaries?

The average compensation at Smart Financial Credit Union during 2022 was $58,778. There are 244 employees and 13 volunteers at Smart Financial Credit Union.


Here are 22 key members and their salaries (Smart Financial Credit Union's CEO's salary is $131,030 and their total compensation is $176,758):


Chad G Greer (Chairman)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Tammie Moore (Vice-Chair)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Timothy Raffield (Secretary)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Diana Carrion (Treasurer)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Jeffrey W Hamlin (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Larry Frazier (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Douthulia Gardner (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Michael O'Neill (Director)
  • Compensation: $3,750
  • Related: $0
  • Other: $0
Leann Kaczynski (Ceo)
  • Compensation: $370,030
  • Related: $0
  • Other: $160,617
Larry Seidl (Ceo (Retired 4/2022))
  • Compensation: $976,879
  • Related: $0
  • Other: $3,682
Angela Chan (Evp / Cfo)
  • Compensation: $243,065
  • Related: $0
  • Other: $92,582
Darcy Stpehens (Cpo)
  • Compensation: $331,517
  • Related: $0
  • Other: $23,355
Marcus Manning (Cio)
  • Compensation: $229,228
  • Related: $0
  • Other: $10,479
Brian Ziemba (Cco)
  • Compensation: $220,489
  • Related: $0
  • Other: $26,398
Loretta Wolsey (Cro)
  • Compensation: $216,720
  • Related: $0
  • Other: $57,424
Preston Price (Cxo)
  • Compensation: $216,685
  • Related: $0
  • Other: $40,271
Corbin Wilson (Cmo)
  • Compensation: $168,007
  • Related: $0
  • Other: $40,038
Sean Price (Svp Lending Operations / Clo)
  • Compensation: $167,176
  • Related: $0
  • Other: $30,650
Angela Aguirre (Vp Relationship Development)
  • Compensation: $148,173
  • Related: $0
  • Other: $28,249
Chris Conway (Svp Enterprise Operations / Coo)
  • Compensation: $148,132
  • Related: $0
  • Other: $29,347
Luis Garcia (Vp Commercial Credit)
  • Compensation: $137,889
  • Related: $0
  • Other: $15,455
Sandra Torres (Vp Board Services/Assistant To Ceo)
  • Compensation: $131,030
  • Related: $0
  • Other: $45,728


Official website here: www.smartcu.org

Where can I find the form 990 for Smart Financial Credit Union?

Smart Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.smartcu.org

Learn more at the official website: www.smartcu.org

Mission Statement of Smart Financial Credit Union

Smart Financial Credit Union, a non-profit savings institution, is dedicated to promoting financial well-being within its communities. By providing financial education and forging deep, lasting relationships with its members, teammates, and community partners, the credit union strives to enhance every interaction.

Capitalizing on the belief that every member-owner and co-worker interaction should be excellent, Smart Financial Credit Union sets out to make a difference. Its mission is multifaceted, aimed not only at offering financial services but also at fostering meaningful connections. The credit union operates under the Texas Credit Union Act, with a membership base of over 63,000 individuals.

At the heart of Smart Financial Credit Union's mission lies a commitment to financial education. By empowering its members with the knowledge and tools necessary to make informed financial decisions, the credit union positions itself as a trusted partner. This approach is reflected in the credit union's goal of developing deep, lifelong relationships. As more than just a financial institution, Smart Financial Credit Union seeks to build a community of financially secure individuals who can rely on one another and the organization for guidance and support.

In practice, the credit union's commitment to its members' financial well-being unfolds through various initiatives. These may include workshops, seminars, or one-on-one consultations designed to help members better understand financial concepts and make the most of their funds. By fostering a culture of financial literacy, Smart Financial Credit Union not only strengthens its own position but also contributes to the broader well-being of its communities.

The credit union's dedication to relationships extends beyond its membership. By engaging with community partners, Smart Financial Credit Union reinforces its role as a pillar of its communities. Through collaborative efforts, the credit union can amplify its impact and demonstrate its commitment to the greater good. In this way, Smart Financial Credit Union goes beyond the conventional definition of a credit union, becoming a cornerstone of financial and social growth.

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Impact




October, 2024

Smart Financial Credit Union positively impacts the Houston community by promoting financial well-being through a variety of member-focused services. With over 63,000 members, it encourages thrift and offers credit at fair rates, fostering financial stability among individuals and families.

The credit union prioritizes excellent experiences in every interaction, ensuring that members feel valued and supported. By providing financial education, Smart Financial empowers members to make informed decisions, nurturing their financial health and building lifelong relationships. Additionally, their collaborative efforts with community partners enhance the overall economic landscape of the areas they serve, making a significant contribution to the community's prosperity. Through these initiatives, Smart Financial Credit Union plays a vital role in bolstering the financial resilience of its members and the larger Houston community.




This information is meant to be a general summary of Smart Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$39,299,069 (2022)
Expenses
$34,267,295 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,737,317
  • Program Service Revenue: $31,433,473
  • Gross Receipts: $42,103,727

Assets and Liabilities:

  • Total Assets: $858,528,681
  • Total Liabilities: $794,573,403
  • Net Assets: $63,955,278

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$18,800,071

OTHER OPERATIONS

Revenue

$7,213,046

FEES AND CHARGES

Revenue

$5,420,356

Organization Details

Founding Year

1934

Principal Officer

Leann Kaczynski

Main Address

6051 NORTH COURSE DRIVE 100, HOUSTON, TX, 77072

NTEE Category

Code: W60 - Public benefit

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