Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
990 • Fiscal year 2020 • EIN 03-0505731
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Liabilities / Revenue
17th percentile
Higher debt load relative to revenue than 17% of similar nonprofits.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
22nd percentile
Higher top officer pay than 22% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Assets
Up$3,870,513
Up $1,085,597 (+39%) from 2019
Net Assets
Up$676,897
Up $85,124 (+14%) from 2019
Liabilities
Up$3,193,616
Up $1,000,473 (+46%) from 2019
Revenue
Up$331,199
Up $7,223 (+2.2%) from 2019
Expenses
Down$121,077
Down $1,209 (-1.0%) from 2019
Net Income
Up$210,122
Up $8,432 (+4.2%) from 2019
Provide highest level of customer service. Emphasis on being responsive to member needs. Encourage better quality of life for our members producing a better quality cu through member education and competitive products.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $2,284,583 | $2,196,349 | ▼ $88,234 |
| Investments Program Related | $436,527 | $1,565,434 | ▲ $1,128,907 |
| Rtn Earn Endowment Incm Other Fnds | $591,773 | $676,897 | ▲ $85,124 |
| Cash and Non-Interest-Bearing Accounts | $41,954 | $94,380 | ▲ $52,426 |
| Prepaid Expenses and Deferred Charges | $8,846 | $5,050 | ▼ $3,796 |
| Land, Buildings, and Equipment, Net | $4,679 | $3,357 | ▼ $1,322 |
| Total Assets | $2,784,916 | $3,870,513 | ▲ $1,085,597 |
| Other Assets Total | $8,327 | $5,943 | ▼ $2,384 |
| Liabilities | |||
| Other Liabilities | $2,043,954 | $3,166,865 | ▲ $1,122,911 |
| Accounts Payable and Accrued Expenses | $149,189 | $26,751 | ▼ $122,438 |
| Total Liabilities | $2,193,143 | $3,193,616 | ▲ $1,000,473 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $591,773 | $676,897 | ▲ $85,124 |
| Total Liabilities and Net Assets / Fund Balance | $2,784,916 | $3,870,513 | ▲ $1,085,597 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $500 | - | - |
| Equipment | $3,357 | $8,699 | - |
| Name | Title |
|---|---|
| Dr Ira Van Hilliard | Chairman |
| Dr Bridget Hilliard | Vice-chairman |
| Irishea Hilliard | Director |
| Malachi S Johnson | Secretary |
| Harlene B Johnson | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $119,136 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Other Expenses | $-2,271 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $0 | $0 | $0 | $119,136 |
| Office Expenses | $0 | $0 | $0 | $63,862 |
| Other Expenses | $0 | $0 | $0 | $14,839 |
| Insurance | $0 | $0 | $0 | $6,846 |
| Fees for Services Other | $0 | $0 | $0 | $6,750 |
| Benefits to Members | $0 | - | - | $4,212 |
| Advertising | $0 | $0 | $0 | $3,334 |
| Depreciation Depletion | $0 | $0 | $0 | $1,322 |
| Conferences and Meetings | $0 | $0 | $0 | $829 |
| All Other Expenses | $-127,292 | $0 | $0 | $-127,292 |
| Total Functional Expenses | $-127,292 | $0 | $0 | $121,077 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Member Share Deposits | $3,166,865 |
“Related Party Information Among Officers: Ira V. Hilliard, Chairman, and Bridget E. Hilliard, Vice Chairman, have a family relationship. Harlene B. Johnson, Pres./Treas., and Malachi S. Johnson, Secretary, have a family relationship.”
“Classes of Members or Stockholders: Light Commerce Credit Union is a state chartered credit union of owner/members belonging to a common field of membership and who have paid into their Share Accounts a minimum authorized membership fee.”
“Election of Members and Their Rights: Members hold Annual Meetings at which time the Members present elect open positions for the Board of Directors. Election is run by the Nominating Committee who normally screen any Members running for these open Board positions.”
“Organization's Process to Review Form 990: A copy of Form 990 is provided to each Board Member for review. After review and discussion, the Form is approved for remittance to the IRS and such action is recorded in the Board Minutes.”
“Governing Documents Disclosure Explanation: The credit union posts its financial statements in the credit union lobby for Members to review. The governance documents are available in the credit union for review upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 149189 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 26751 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE HIGHEST LEVEL OF CUSTOMER SERVICE. EMPHASIS ON BEING RESPONSIVE TO MEMBER NEEDS. ENCOURAGE BETTER QUALITY OF LIFE FOR OUR MEMBERS PRODUCING A BETTER QUALITY CU THROUGH MEMBER EDUCATION AND COMPETITIVE PRODUCTS. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 3334 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | -127292 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | -127292 |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BenefitsToMembersGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 4212 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | HARLENE B JOHNSON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2818767576 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 11233 CROWN PARK DR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HOUSTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 77067 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 41954 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 94380 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 829 |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 4212 |
| IRS990/CYContributionsGrantsAmt | 0 | 125000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1110 |
| IRS990/CYOtherExpensesAmt | 0 | -2271 |
| IRS990/CYOtherRevenueAmt | 0 | 4898 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 200191 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 210122 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 119136 |
| IRS990/CYTotalExpensesAmt | 0 | 121077 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 331199 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1322 |
| IRS990/Desc | 0 | NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 6750 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DR IRA VAN HILLIARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DR BRIDGET HILLIARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MALACHI S JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | HARLENE B JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | IRISHEA HILLIARD |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE-CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2004 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GovernmentGrantsAmt | 0 | 125000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 331199 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 5 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 6846 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1110 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1110 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 436527 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 1565434 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 8699 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4679 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3357 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 12056 |
| IRS990/LegalDomicileStateCd | 0 | TX |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 4898 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 4898 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | PROVIDE HIGHEST LEVEL OF CUSTOMER SERVICE. EMPHASIS ON BEING RESPONSIVE TO MEMBER NEEDS. ENCOURAGE BETTER QUALITY OF LIFE FOR OUR MEMBERS PRODUCING A BETTER QUALITY CU THROUGH MEMBER EDUCATION AND COMPETITIVE PRODUCTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 591773 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 676897 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 63862 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 8327 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 5943 |
| IRS990/OtherExpensesGrp/Desc | 0 | FISERV SOLUTIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | LOAN SERVICING EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | ASSOCIATION DUES |
| IRS990/OtherExpensesGrp/Desc | 3 | PROVISION FOR LOAN LOSSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20380 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3695 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 3164 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 14839 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 2043954 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 3166865 |
| IRS990/OtherRevenueTotalAmt | 0 | 4898 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 119136 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 2284583 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 2196349 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 8846 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5050 |
| IRS990/PrincipalOfficerNm | 0 | HARLENE B JOHNSON |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522291 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522291 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES & CHARGES |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 136790 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 63401 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | CORE CONVERSION AND DEBIT CARD FLIP IN YEAR 2017. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 3203 |
| IRS990/PYContributionsGrantsAmt | 0 | 124576 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3446 |
| IRS990/PYOtherExpensesAmt | 0 | 9065 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 195954 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 201690 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 110018 |
| IRS990/PYTotalExpensesAmt | 0 | 122286 |
| IRS990/PYTotalRevenueAmt | 0 | 323976 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 210122 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | true |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 591773 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 676897 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 3357 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 8699 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 12056 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 1065000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 279475 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 20459 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 3 | 200000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 4 | 500 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | CATALYST PTA |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | CATALYST CORP. SETTLEMENT |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | NCUSIF DEPOSIT |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | SHARES, DEPOSITS, CDS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 4 | CAPITAL SHARES/CATALYST |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 4 | C |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3166865 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3357 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 1565434 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 3166865 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Related Party Information Among Officers: Ira V. Hilliard, Chairman, and Bridget E. Hilliard, Vice Chairman, have a family relationship. Harlene B. Johnson, Pres./Treas., and Malachi S. Johnson, Secretary, have a family relationship. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Classes of Members or Stockholders: Light Commerce Credit Union is a state chartered credit union of owner/members belonging to a common field of membership and who have paid into their Share Accounts a minimum authorized membership fee. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Election of Members and Their Rights: Members hold Annual Meetings at which time the Members present elect open positions for the Board of Directors. Election is run by the Nominating Committee who normally screen any Members running for these open Board positions. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Organization's Process to Review Form 990: A copy of Form 990 is provided to each Board Member for review. After review and discussion, the Form is approved for remittance to the IRS and such action is recorded in the Board Minutes. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Governing Documents Disclosure Explanation: The credit union posts its financial statements in the credit union lobby for Members to review. The governance documents are available in the credit union for review upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 19 |
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| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 591773 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 676897 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 200191 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
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| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 2 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3870513 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
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| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | HOUSTON |
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| IRS990/WebsiteAddressTxt | 0 | www.lightcommercecu.org |
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| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | HARLENE B JOHNSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2818767576 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-06-11 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIGH |
| ReturnHeader/Filer/EIN | 0 | 030505731 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CHURCH DEVELOPMENT RESOURCE GROUP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 11233 CROWN PARK DR STE A |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 77067 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2814138997 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-06-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MALACHI S JOHNSON |
| ReturnHeader/ReturnTs | 0 | 2021-06-14T14:00:14-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | HARLENE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | JOHNSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.