Dec, 31, 2023 — LIGHT COMMERCE CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $4.85 million in total assets. Opened 20 years ago in 2004, LIGHT COMMERCE CREDIT UNION has about 849 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIGHT COMMERCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1535 Greensmark Dr HOUSTON, TX 77067-4020 |
| Phone: | (281) 876-7576 |
| Fax: | (281) 876-7577 |
| Website: | https://www.lightcommercecu.org |
| Branches: | 1 branch locations |
| Members: | 849 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68529 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2004 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,853,728 |
| CEO/Manager: | HARLENE B JOHNSON |
| Chairperson: | IRA V HILLIARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 803,105 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 44,704 |
| Other Loans | 3,448,560 |
| TOTAL LOANS | 3,493,263 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,285 |
| Land And Building | 0 |
| Other Fixed Assets | 7,959 |
| NCUSIF Deposit | 31,906 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,853,728 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,100 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 238,746 |
| Regular shares | 2,533,497 |
| All Other Shares & Deposits | 1,044,479 |
| TOTAL SHARES & DEPOSITS | 3,816,722 |
| TOTAL LIABILITIES | 3,882,822 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 970,906 |
| TOTAL EQUITY | 970,906 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,853,728 |
| INCOME & EXPENSE | |
| Loan Income | 173,299 |
| Investment Income | 56,743 |
| Other Income | 35,341 |
| Total Employee Compensation & Benefits | 107,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 155,081 |
| Non-operating Income & (Expense) | 108,086 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,660 |
| Cost of Funds | 14,600 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 115,647 |
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