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 |
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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 |
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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 |
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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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