Jun, 30, 2024 — LIGHT COMMERCE CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 1 branch location and about $4.63 million in total assets. Opened 21 years ago in 2004, LIGHT COMMERCE CREDIT UNION has about 839 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: | 839 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,633,556 |
| CEO/Manager: | HARLENE B JOHNSON |
| Chairperson: | IRA V HILLIARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 841,778 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 62,381 |
| Other Loans | 2,753,507 |
| TOTAL LOANS | 2,815,888 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,698 |
| Land And Building | 0 |
| Other Fixed Assets | 1,516 |
| NCUSIF Deposit | 33,862 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,633,556 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,947 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 240,308 |
| Regular shares | 2,704,605 |
| All Other Shares & Deposits | 829,649 |
| TOTAL SHARES & DEPOSITS | 3,774,562 |
| TOTAL LIABILITIES | 3,778,509 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 855,047 |
| TOTAL EQUITY | 855,047 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,633,556 |
| INCOME & EXPENSE | |
| Loan Income | 112,247 |
| Investment Income | 8,692 |
| Other Income | 30,608 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 100,016 |
| Non-operating Income & (Expense) | 9,530 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,600 |
| Cost of Funds | 3,532 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 71,767 |
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