Home
Contents
Explore
Search

Smart Credit Union

Overview
Back to Top

Smart Credit Union is a federal credit union based in Columbus, Ohio. It has been opened since 1952, for 68 years.

With around $32,080,000 in assets, Smart Credit Union is considered to be an average size credit union.

About
Address 3454 North High Street
Columbus, Ohio 43214
Website http://www.smartfedcu.com
Phone (614) 261-0650
Fax (614) 261-0886
CEO Jodi L. Henricks
President of the Board Anne Gee
Services Offered
Map
Back to Top
Score Card
Back to Top
68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
3,774 members
Membership type: Multiple common bond – primary educational
Average number of members
629:1
Credit union member to staff ratio
629 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$32,082,101
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
6.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Smart Credit Union Branch Locations

Smart Credit Union: Cu Answers
6000 28th Street SE Suite 100
Grand Rapids, Michigan 49546
No ATM
Smart Federal Credit Union
3454 North High Street
Columbus, Ohio 43214
No ATM
Members
Back to Top
3,774 members
Membership type: Multiple common bond – primary educational
Average number of members

With 3,774 members, the Smart Credit Union is considered to be a medium size credit union. It is larger than 50% of credit unions.

Fees
Back to Top
$28
Average fee per member
The average fee per member at the Smart Credit Union is $28, which is low compared to most credit unions. This rate is lower than 67% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Smart Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
629:1
Credit union member to staff ratio
629 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
6 staff members
FTE (full-time equivalent)
29% of employees are part-time
5 full-time, 2 part-time

Smart Credit Union has 5 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 71% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Smart Credit Union has around 629 members per staff, a high ratio compared to other credit unions.

Assets
Back to Top
$32,082,101
Total assets
Average size
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$6,983
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 78% of credit unions.

Smart Credit Union holds a total of $10,690,000 in loans and leases, which is about $6,983 per member on average.

Savings interest rate
Back to Top
0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Smart Credit Union pays 0.05%.

Loan rates
Back to Top
6.80%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
2.85%
New car loan rate
Compared to 4.0% nationally
2.85%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.19%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally