2025-11-10T17:59:16-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1145 BROADWAY SUITE 1300 TACOMA WA 98402 990 2024-01-01 740695355 SMART FINANCIAL CREDIT UNION SMAR 7138501600 6051 NORTH COURSE DRIVE 100 HOUSTON TX 77072 LEANN KACZYNSKI CEO 7138501600 2025-11-07 1 1 ROSALINDA MARIKAR CPA P01684134 2532721555 2025-11-05 2024 2025-03-06 01:10:19Z LEANN KACZYNSKI 6051 NORTH COURSE DRIVE 100 HOUSTON TX 77072 51282074 0 2742 X WWW.SMARTCU.ORG X 1934 TX TO PROVIDE AN EXCELLENT EXPERIENCE THROUGH EVERY MEMBER-OWNER AND CO-WORKER INTERACTION. 9 9 232 13 1018952 0 0 0 36097735 42365017 6873249 3598649 3395498 1943693 46366482 47907359 15000 15000 7588127 7526717 19356230 20119348 0 0 0 16343346 18187357 43302703 45848422 3063779 2058937 848281672 783377617 776160257 698361063 72121415 85016554 PROMOTE FINANCIAL WELL-BEING WITHIN OUR COMMUNITIES BY PROVIDING FINANCIAL EDUCATION AND DEVELOPING DEEP, LIFELONG RELATIONSHIPS WITH OUR MEMBERS, TEAMMATES, AND COMMUNITY PARTNERS. 0 0 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 60,000 PLUS MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 25574 0 1 232 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 1 1 1 0 X LEANN KACZYNSKI 7138501600 6051 NORTH COURSE DRIVE 100 HOUSTON TX 77072 LEANN KACZYNSKI CEO 50.00 0.25 X 826799 0 185941 ANGELA CHAN EVP / CFO 50.00 0.00 X 305167 0 136105 MARCUS MANNING CIO 45.00 0.00 X 268332 0 35387 JULIO ROMAN CRO 45.00 0.00 X 258595 0 45671 BRIAN ZIEMBA CCO 45.00 0.00 X 252412 0 67449 CORBIN WILSON CXO 45.00 0.25 X 221531 0 53335 SEAN PRICE CLO 45.00 0.00 X 213546 0 64432 CHRIS CONWAY COO 45.00 0.00 X 202452 0 40338 ANGELA AGUIRRE SVP MEMBER EXPERIENCE - DIGITAL 45.00 0.00 X 180804 0 41808 LUIS GARCIA VP COMMERCIAL CREDIT 45.00 0.00 X 180715 0 14909 CAIRE HUMPHREY SVP MEMBER EXPERIENCE - RETAIL 45.00 0.00 X 170841 0 40068 ANDREW HUANG VP MARKETING 45.00 0.25 X 168351 0 35865 CHAD G GREER CHAIRMAN 6.00 0.00 X X 8250 0 0 TAMMIE MOORE VICE-CHAIR 6.00 0.00 X X 9000 0 0 TIMOTHY RAFFIELD SECRETARY 6.00 0.00 X X 8250 0 0 DIANA CARRION TREASURER 6.00 0.00 X X 9000 0 0 DR ROBERT BOSTIC DIRECTOR 6.00 0.00 X 6750 0 0 MIKE CHILDERS DIRECTOR 6.00 0.00 X 7500 0 0 LARRY FRAZIER DIRECTOR 6.00 0.00 X 9000 0 0 JEFFREY W HAMLIN DIRECTOR 6.00 0.25 X 8250 0 0 MICHAEL O'NEILL DIRECTOR 6.00 0.00 X 9000 0 0 3324545 0 761308 29 0 1 0 TOOLCASE INFORMANT LLC 5300 DTC PARKWAY SUITE 450 GREENWOOD VILLAGE CO 80111 IT SERVICES 219925 SHELL ENERGY SOLUTIONS 21 WATERWAY AVENUE SUITE 450 THE WOODLANDS TX 77380 ENERGY 174178 BUSINESS ALLIANCE FINANCIAL SERVICES 1500 N 19TH STREET SUITE 600 MONROE TX 71201 MBL CONSULTING / LOAN UNDERWRITING 113910 CLIFTON LARSON ALLEN LLP PO BOX 679342 HOUSTON TX 75267 AUDIT 111393 ALAN R SCHEINTHAL 4635 SOUTHWEST FREEWAY SUITE 720 HOUSTON TX 77027 LEGAL SERVICES 103641 5 INTEREST ON LOANS 522100 30731805 30731805 OTHER OPERATIONS 522100 6316586 6230386 86200 FEES AND CHARGES 522100 5316626 5316626 42365017 5980984 5980984 107929 0 107929 107929 107929 992380 3374715 -2382335 -2382335 -2382335 INSURANCE COMMISIONS 522100 1835764 903012 932752 1835764 47907359 40799494 1018952 6088913 15000 7526717 3009702 12811476 1351397 1824837 1121936 252801 265886 3032736 1097316 638841 3150929 2707145 215667 1956292 277042 PROVISION FOR CREDIT LO 2741005 LOAN SERVICING 796976 OTHER OPERATING EXPENSE 383610 FEES & SURCHARGES 169090 502021 45848422 46950060 46916600 598930 444034 375920 446589 6633475 6968279 524854382 542062416 2163549 2030168 56807698 24859045 32829577 31948653 197445001 114232005 36430778 38328873 848281672 783377617 14903796 15117106 914129 417571 40652647 719689685 682826386 776160257 698361063 X 0 0 0 0 72121415 85016554 72121415 85016554 848281672 783377617 X 2058937 4808363 6027839 X 0 1 X 1 0 0 1 X 9542298 9542298 28530472 8541980 19988492 1774247 1453338 320909 16939901 14863727 2076174 20780 20780 31948653 U.S. GOVERNMENT AND FEDERAL AGENCY SECURITIES 19468669 F CERTIFICATES OF DEPOSIT 3586000 C CC PERPETUAL CONTRIBUTED CAPITAL 525000 C NCUA CLF STOCK 2134543 C U.S. TREASURY NOTES 85347203 F COLLATERALIZED MORTGAGE OBLIGATION SECURITIES 2319881 F MUNICIPAL BONDS 460355 F FHLB CAPITAL STOCK 390354 C 114232005 MEMBER DEPOSITS 682026272 LEASE LIABILITY 800114 682826386 X 47907359 0 47907359 0 47907359 45848422 0 45848422 0 45848422 PART IV, LINE 2B: THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM MOST FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AS UNRELATED BUSINESS INCOME. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024 AND 2023. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 SF PUBLIC CHARITY PO BOX 920719 HOUSTON TX 77292 270053265 501(C)(3) 15000 0 N/A N/A TO PROVIDE FUNDING TO ALLOW THE FOUNDATION TO CONTINUE TO SUPPORT THE EDUCATION AND MEDICAL COMMUNITIES SERVED BY SMART FINANCIAL CREDIT UNION. 1 PART I, LINE 2: THE ACTIVITY OF SF PUBLIC CHARITY IS REPORTED TO THE BOARD OF DIRECTORS OF SMART FINANCIAL CREDIT UNION. X 1 1 X X X X X 0 1 0 LEANN KACZYNSKI CEO 483150 0 106858 0 236791 0 174633 0 11308 0 1012740 0 236791 0 ANGELA CHAN EVP / CFO 266966 0 38201 0 0 0 116015 0 20090 0 441272 0 0 0 MARCUS MANNING CIO 236497 0 31835 0 0 0 33942 0 1445 0 303719 0 0 0 JULIO ROMAN CRO 226635 0 31960 0 0 0 25608 0 20063 0 304266 0 0 0 BRIAN ZIEMBA CCO 220696 0 31716 0 0 0 47405 0 20044 0 319861 0 0 0 CORBIN WILSON CXO 195831 0 25700 0 0 0 33387 0 19948 0 274866 0 0 0 SEAN PRICE CLO 188002 0 25544 0 0 0 44506 0 19926 0 277978 0 0 0 CHRIS CONWAY COO 173852 0 28600 0 0 0 20479 0 19859 0 242790 0 0 0 ANGELA AGUIRRE SVP MEMBER EXPERIENCE - DIGITAL 162406 0 18398 0 0 0 26952 0 14856 0 222612 0 0 0 LUIS GARCIA VP COMMERCIAL CREDIT 163117 0 17598 0 0 0 6267 0 8642 0 195624 0 0 0 CAIRE HUMPHREY SVP MEMBER EXPERIENCE - RETAIL 153787 0 17054 0 0 0 20411 0 19657 0 210909 0 0 0 ANDREW HUANG VP MARKETING 147740 0 20611 0 0 0 27301 0 8564 0 204216 0 0 0 PART I, LINE 4B NAME: LEANN KACZYNSKI, DESCRIPTION: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN, CURRENT YEAR AMOUNT: $236,791. PLAN DESCRIPTION: 457(F) PAYOUT THE CREDIT UNION PROVIDES A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER CODE SECTION 457(F) FOR THE FOLLOWING SENIOR MANAGEMENT EMPLOYEES: LEANN KACZYNSKI AND ANGELA CHAN AS PART OF THE PLAN, THE CREDIT UNION PAYS A RETENTION BENEFIT TO EACH EMPLOYEE AT SPECIFIED DATES WITH CONTINUED EMPLOYMENT. BENEFITS ARE ALSO PAID IF EMPLOYMENT TERMINATES BEFORE THE RETENTION PERIOD IS MET UNDER SPECIFIED CIRCUMSTANCES. GARY TUMA FORMER CEO TO PAY PREMIUMS OF SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 3018590 3062823 0 1 1 LINDA WEBSTER FORMER EVP TO PAY PREMIUMS OF SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT X 4252071 3905456 0 1 1 6968279 SCHEDULE L, PART II IN 2013, THE CREDIT UNION ENTERED INTO SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS WITH GARY TUMA, FORMER CEO (RETIRED), AND LINDA WEBSTER, FORMER EVP (RETIRED). THE PREMIUMS ON THE POLICIES WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE FORMER CEO AND EVP. THE FORMER CEO AND EVP WILL PAY INTEREST ON THE LOANS ANNUALLY. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION HAS NINE BOARD MEMBERS ELECTED TO THREE-YEAR TERMS. THE MEMBERS MEET ANNUALLY TO ELECT THE BOARD OF DIRECTOR OPEN POSITIONS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE TO DISSOLVE OR MERGE THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED AT A REGULARLY SCHEDULED BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE ENLISTS AN INDEPENDENT COMPENSATION CONSULTANT TO HELP DETERMINE THE CEO'S COMPENSATION. COMPARABILITY DATA IS USED FOR ARRIVING AT COMPENSATION AMOUNTS FOR OTHER OFFICERS AND KEY EMPLOYEES. THE FULL BOARD APPROVES COMPENSATION DECISIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE FINANCIAL STATEMENTS ARE DISPLAYED AT THE BRANCHES. ANNUAL REPORT IS AVAILABLE ON WEBSITE. THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN DEFINED BENEFIT PLAN 6,027,839. SMART FINANCIAL RESOURCES LLC 6051 NORTH COURSE DR SUITE 100 HOUSTON TX 77072 760500245 INSURANCE SALES AND SERVICES TX 731706 714645 SMART FINANCIAL CREDIT UNION SF PUBLIC CHARITY PO BOX 920719 HOUSTON TX 77292 270053265 TO SUPPORT LOCAL CHARITIES AND FUND COLLEGE SCHOLARSHIPS. TX 501(C)(3) LINE 7 SMART FINANCIAL CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 SF PUBLIC CHARITY B 15000 CASH