# SMART FINANCIAL
Houston, TX · NCUA charter 67927 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/smart-financial-67927

Who the members are: state charter, organized 1934, low-income designated. 59,807 members of 6,966,973 potential (0.9% of the field); checking penetration 90% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $805.8M |
| Members | 59,807 (-1.2% YoY) |
| Full-time staff | 193 |
| Net worth | $93.6M |
| Net worth ratio | 11.6% (p68 of band) |
| ROA (annualized) | 1.40% (p87 of band) |
| Total delinquency | 1.00% (p79 of band) |
| Net charge-offs (annualized) | 0.52% (p60 of band) |
| Loans / shares | 83% (p54 of band) |
| Cash / assets | 9.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.63% (p96 of band) |
| Operating expense / assets | 4.20% (p80 of band) |
| Vehicles % of loans | 30% (p56 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p14 of band) |
| Vehicle delinquency | 0.30% (p23 of band) |
| Vehicle NCO | 0.31% (p19 of band) |
| Repossessed % of vehicle book | 0.07% (p59 of band) |
| Real estate % of loans | 33% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 14% |
| Commercial % of net worth | 140% |
| Core shares % of member funds | 73% |
| Certificates % of member funds | 10% |
| Average share balance | $5,715 |
| Participations bought / yr | $40.9M |
| Participations sold / yr | $0 |
| Participations outstanding | $13.5M |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 9% |
| Average loan balance | $27,968 |
| Loans granted, annualized | $237.2M |

## Participation posture (from the same filings)

Bought $40.9M and sold $0 in the latest annualized quarter; $13.5M outstanding purchased (14.4% of net worth), $17.8M sold and retained. Sold in 3 and bought in 4 of the last 8 quarters. Shares 0.1% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | expense trap |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | charge-offs p90 |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | net worth falling | charge-offs p90 |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | net worth falling |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 4 | delinquency 2x band, delinquency rising, members leaving |  |
| 2019-03 | 2 |  | delinquency 2x band, delinquency rising |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | losing money |  |
| 2020-06 | 7 | net worth falling, margin squeeze, delinquency 2x band, delinquency rising |  |
| 2020-09 | 5 | charge-offs p90 | expense trap, members leaving, delinquency 2x band |
| 2020-12 | 6 | delinquency 2x band |  |
| 2021-03 | 5 | thin capital | losing money, charge-offs p90 |
| 2021-06 | 4 |  | delinquency rising |
| 2021-09 | 2 |  | net worth falling, margin squeeze |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | members leaving |  |
| 2022-06 | 2 |  | thin capital |
| 2022-09 | 3 | delinquency rising |  |
| 2022-12 | 1 |  | delinquency 2x band, delinquency rising |
| 2023-03 | 1 |  |  |
| 2023-06 | 3 | thin capital, delinquency 2x band, leaning on borrowings | members leaving |
| 2023-09 | 3 |  |  |
| 2023-12 | 0 |  | thin capital, delinquency 2x band, leaning on borrowings |
| 2024-03 | 1 | leaning on borrowings |  |
| 2024-06 | 3 | assets shrinking, members leaving |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 4 | delinquency 2x band, delinquency rising | leaning on borrowings |
| 2025-03 | 3 |  | members leaving |
| 2025-06 | 1 |  | delinquency 2x band, delinquency rising |
| 2025-09 | 3 | expense trap, delinquency 2x band |  |
| 2025-12 | 2 |  | assets shrinking |
| 2026-03 | 0 |  | expense trap, delinquency 2x band |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-10-23 [TDECU, Smart Financial to merge in $6B deal serving 460,000 members - thefacts.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNWnhSVUVNZzBUT1JrOGFnQkJPcjZPNjlKcTJGN1N1bzlTMzI5ZXl3ZzB4UGdJVkcwS2MwWWxUOXM4RkVOU3lySmEwS1UzdnBsUjN6YUdqY0xBTGRLdHhUTDdpMWVvdzh4UGk2NWdTUUNqbG02WGg4YTdScGdmTkRXcHFxLUVoSDJJYjFnTjZ0OGRvYm9kTlhzWkFacEMySGFrV09IdUFVcHBYVkZfNWQ5Y0M2bWVSVExvS0EycTV1TU96V2M3YmpodUZUQVdZTXNacF9vUFdhblI?oc=5) · thefacts.com
- 2025-10-24 [TDECU & Smart Financial Credit Union Announce Merger Plan for 2026 - CUTimes](https://news.google.com/rss/articles/CBMiowFBVV95cUxPWnU1NVo4a1pQOEsxY2NKajg5eUdrUzZ0TW5tZzNBUkJ5eXRvX0RXX1ZKTlFQQ05mT0FqYUIycWhVeGhrT0FuV1p4aXVmY0Jta3JDc1ZQVVdZOWhRX1AtU21CZkJWc1AyaFBWNEFwbmV2VnRnTngzendnUVRYMjN3LUZ1RGZ6RUlPN1l6dXNGaFR1cmRYRG1idGR4WkxqaE9WZ3gw?oc=5) · CUTimes
- 2026-01-21 [TDECU hires Glenn Applewhite III as Greater Houston region market president - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPbk04Rm1Ha1p2MFNpdVlYSDNrazVicHF3SGZvT2dIMDkwZWNjbFB4ZGMzM3UtSE1uRTd5a1BXakRnZFE4emtaTWVhVk9hbXd6UkRnU0hPak9iSlA4TzR0cHgyZGtMdlF0LTJjenNXcl9tRWpiRnFfZVJnU0JIal9ibWRYbjFHd0pkenRBUTJkaGJhS2ZFWjF6NTJkZ2pMa2F6Si1BWlFxbjVvdw?oc=5) · The Business Journals
- 2026-06-10 ["Letterkenny Live" Announces 2027 North American Tour Featuring Cast From The Hit TV Comedy, All-New Sketches And More At The Fox Theatre Saturday, February 6, 2027 - 313 Presents](https://news.google.com/rss/articles/CBMipgJBVV95cUxOZnJvQTRub00tOWxzQXJMNlVyZkpON1hFaEtKYnBYNlFMT2Jra1k3X3IxcG96OTFzRG50ME9GQmtsVGFsVHItOU5UemhKc3RZamZhMHptZ0F3a0xZWENZQ1JwYWtJaWJkWVBIT3Z1cG84OEZCaFhyazQxYi1sX1g1YXZhUHNLeFRkRmtKV0EzUUE2Tk1UMG1aY0V4bnZ4a2hQY2tteG9oajJHdGdMQjZoNkJ2ckN4ajFCY28zT1BHYVMwMUlqUGkxbTlvV25VaEpOc3YydmgwOHNMakdzdTJfLXVFQ0NfYU55SWxJNHdYNmZiSkEwRVFWeUhHWks4cXVoZnlVOHNBM1dtWXUzM0pLRk5KYlA2d0dTSC0zWjNpX0FXcVZsNUE?oc=5) · 313 Presents
- 2026-08-12 [Steve Lacy Takes ‘Oh Yeah?’ Across North America On New Fall Tour - That Eric Alper](https://news.google.com/rss/articles/CBMipwFBVV95cUxPV0JzSEZpM3RyU3hMdmdXV2xhcjFUZXRoVVpWUXplMnNzaFdaWmNkcnJldlV4QWIzcU90YXpUeFpBc0xPNERTSlpkNzRaSHR6V2hwYkxRWHN1SGdkWmt5U1V5b0w1LU1ZMl9lbTlVcHMxbm5IenoydzlOX2tVMF96STlaT29MYXpiOXpvWmhSckNlQ1lTMkgybXRhZ0NIUHhsN0ZETmE4RQ?oc=5) · That Eric Alper
- 2026-03-18 [Ella Mai set to return to the US for her ‘Do You Still Love Me?’ tour - MELODIC Magazine](https://news.google.com/rss/articles/CBMioAFBVV95cUxNdElXOVV6RGpBNG5LZFFkalhPV0FSSmNlQ0s4aFFBTTZxejlnVU5aQjVRS1RwaGxhMHNMY3V0MEVRUWJ0SnlBRjdMVmNVZ1N0V0R4ZldfM1NtcndvaWpPOXdZUWh3M3ZMaGNDRkdnOV8yVGtoTTB2V0dPbGx3c21DQjZWcFR5NmtTb193cTFFRWNLRjR1VEVoR2RMc2o1Y0xt?oc=5) · MELODIC Magazine
- 2025-12-02 [Bank of Houston to be acquired by Lubbock-based South Plains Financial - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxNeHlUVHBFUUwtYnd1X3pRWXFmLVNoVVdZSmp2aTNkcDNwenRjVjRCb0JWZHN5NUxoVWcwU2V2d3ptN041U0dTZkNfVjhwM0Z1NTdlRUxzZ1U5M3I1QWcwaXVZVkwxTmVmMU1PTEVEUnlfOTJmVGlYTmxEbnRUY0RsM1NKWkR0QzNWR3ZJWGhlWlJ0VVkzNHNYdUhIUUR3Zw?oc=5) · The Business Journals
- 2014-04-11 [How to Prove The Value of Credit Union Membership - The Financial Brand](https://news.google.com/rss/articles/CBMilAFBVV95cUxNVjJLX3RWclNQSTRXTjNzM21CNnBuQnBwZTYxQzNFTFNFcHlWbjdVT1RSNHRNa3FXX0tkdHg0Q01maW1FVXFnTm5LWTgxaU9heHpKa3pia3hORHI5VFk3OGo1c2tvUllpVm1fMHpmM2tmZkZab3d6MXNjbWFUSXdnZEljanYyeVlXQ0U3RW52RzIxVk5u?oc=5) · The Financial Brand

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=67927 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/23.json (key "67927", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=67927
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide