Civic Intelligence

Light Commerce Credit Union

990 • Fiscal year 2021 • EIN 03-0505731

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization Profilewww.lightcommercecu.org
11235 Crown Park DriveHouston, TX 77067

(281) 876-7576

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.81x

Higher debt load relative to assets than 48% of similar nonprofits.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

58.21x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

49%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2021

Asset Growth

82nd percentile

10%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-82%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$4,269,308

Up $398,795 (+10%) from 2020

Net Assets

Up

$812,229

Up $135,332 (+20%) from 2020

Liabilities

Up

$3,457,079

Up $263,463 (+8.2%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin99th percentile

Revenue

Down

$59,389

Down $271,810 (-82%) from 2020

Expenses

Down

$30,442

Down $90,635 (-75%) from 2020

Net Income

Down

$28,947

Down $181,175 (-86%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,323,064Liabilities 2010: $2,110,025Net Assets 2010: $213,0392010Assets 2011: $3,022,205Liabilities 2011: $2,702,510Net Assets 2011: $319,6952011Assets 2012: $2,345,395Liabilities 2012: $1,936,761Net Assets 2012: $408,6342012Assets 2013: $2,780,059Liabilities 2013: $2,312,346Net Assets 2013: $467,7132013Assets 2014: $2,570,447Liabilities 2014: $2,051,870Net Assets 2014: $518,5772014Assets 2015: $2,533,397Liabilities 2015: $1,993,124Net Assets 2015: $540,2732015Assets 2016: $2,826,535Liabilities 2016: $2,298,053Net Assets 2016: $528,4822016Assets 2017: $2,659,448Liabilities 2017: $2,118,011Net Assets 2017: $541,4372017Assets 2018: $2,854,006Liabilities 2018: $2,336,214Net Assets 2018: $517,7922018Assets 2019: $2,784,916Liabilities 2019: $2,193,143Net Assets 2019: $591,7732019Assets 2020: $3,870,513Liabilities 2020: $3,193,616Net Assets 2020: $676,8972020Assets 2021: $4,269,308Liabilities 2021: $3,457,079Net Assets 2021: $812,2292021Assets 2022: $4,360,265Liabilities 2022: $3,505,006Net Assets 2022: $855,2592022Assets 2023: $4,849,410Liabilities 2023: $3,878,504Net Assets 2023: $970,9062023Assets 2024: $4,923,056Liabilities 2024: $3,835,023Net Assets 2024: $1,088,0332024

Highlighted filing

2021

Assets$4,269,308
Liabilities$3,457,079
Net Assets$812,229
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $169,6062010Expenses 2011: $161,5762011Revenue 2012: $257,731Expenses 2012: $168,792Net Income 2012: $88,9392012Revenue 2013: $216,521Expenses 2013: $157,442Net Income 2013: $59,0792013Revenue 2014: $173,586Expenses 2014: $122,722Net Income 2014: $50,8642014Revenue 2015: $164,806Expenses 2015: $143,110Net Income 2015: $21,6962015Revenue 2016: $166,460Expenses 2016: $157,049Net Income 2016: $9,4112016Revenue 2017: $165,153Expenses 2017: $152,198Net Income 2017: $12,9552017Revenue 2018: $192,108Expenses 2018: $215,753Net Income 2018: -$23,6452018Revenue 2019: $323,976Expenses 2019: $122,286Net Income 2019: $201,6902019Revenue 2020: $331,199Expenses 2020: $121,077Net Income 2020: $210,1222020Revenue 2021: $59,389Expenses 2021: $30,442Net Income 2021: $28,9472021Revenue 2022: $230,108Expenses 2022: $158,129Net Income 2022: $71,9792022Revenue 2023: $288,402Expenses 2023: $172,756Net Income 2023: $115,6462023Revenue 2024: $314,252Expenses 2024: $197,125Net Income 2024: $117,1272024

Highlighted filing

2021

Revenue$59,389
Expenses$30,442
Net Income$28,947
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.1
Gross Receipts
$59,389
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,196,349$2,542,927▲ $346,578
Investments Program Related$1,565,434$1,644,656▲ $79,222
Rtn Earn Endowment Incm Other Fnds$676,897$812,229▲ $135,332
Cash and Non-Interest-Bearing Accounts$94,380$62,847▼ $31,533
Prepaid Expenses and Deferred Charges$5,050$10,381▲ $5,331
Land, Buildings, and Equipment, Net$3,357$1,815▼ $1,542
Total Assets$3,870,513$4,269,308▲ $398,795
Other Assets Total$5,943$6,682▲ $739
Liabilities
Other Liabilities$3,166,865$3,428,033▲ $261,168
Accounts Payable and Accrued Expenses$26,751$29,046▲ $2,295
Total Liabilities$3,193,616$3,457,079▲ $263,463
Net Assets / Fund Balance
Total Net Assets Fund Balance$676,897$812,229▲ $135,332
Total Liabilities and Net Assets / Fund Balance$3,870,513$4,269,308▲ $398,795

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$113--
Equipment$1,815$10,241-
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Dr Ira Van HilliardChairman
Dr Bridget HilliardVice-chairman
Irishea HilliardDirector
Malachi S JohnsonSecretary
Harlene B JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,658
Investment Income
$362
Other Revenue
$3,369
Change in Net Assets
$28,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$17,328$0$0$17,328
Insurance$1,426$0$0$1,426
Benefits to Members$972--$972
All Other Expenses$962$0$0$962
Fees for Services Other$600$0$0$600
Conferences and Meetings$600$0$0$600
Depreciation Depletion$330$0$0$330
Advertising$100$0$0$100
Other Expenses$-115$0$0$-115
Total Functional Expenses$30,442$0$0$30,442
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$3,428,033
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Light Commerce Credit Union
EIN
03-0505731
Phone
2818767576
Address
11235 CROWN PARK DRIVE, HOUSTON, TX 77067

Signing Officer

Name
Harlene B Johnson
Title
President
Phone
2818767576
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harlene B Johnson
Formed
2004
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2

Preparer

Firm
Church Development Resource Group
Address
11233 CROWN PARK DR STE A, HOUSTON, TX 77067
Preparer
Malachi S Johnson
Phone
2814138997
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“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.”

Pt VI, Line 6

“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.”

Pt VI, Line 7A

“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.”

Pt VI, Line 11B

“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.”

Pt VI, Line 19

“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.”

Raw XML AppendixShowing 400 of 406 raw XML fields

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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt026751
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029046
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE 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/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt0100
IRS990/AdvertisingGrp/TotalAmt0100
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0962
IRS990/AllOtherExpensesGrp/TotalAmt0962
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0972
IRS990/BenefitsToMembersGrp/TotalAmt0972
IRS990/BooksInCareOfDetail/PersonNm0HARLENE B JOHNSON
IRS990/BooksInCareOfDetail/PhoneNum02818767576
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011233 CROWN PARK DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077067
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt094380
IRS990/CashNonInterestBearingGrp/EOYAmt062847
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0600
IRS990/ConferencesMeetingsGrp/TotalAmt0600
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0972
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0362
IRS990/CYOtherExpensesAmt029470
IRS990/CYOtherRevenueAmt03369
IRS990/CYProgramServiceRevenueAmt055658
IRS990/CYRevenuesLessExpensesAmt028947
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt030442
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt059389
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0330
IRS990/DepreciationDepletionGrp/TotalAmt0330
IRS990/Desc0NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0600
IRS990/FeesForServicesOtherGrp/TotalAmt0600
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0DR IRA VAN HILLIARD
IRS990/Form990PartVIISectionAGrp/PersonNm1DR BRIDGET HILLIARD
IRS990/Form990PartVIISectionAGrp/PersonNm2MALACHI S JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3HARLENE B JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4IRISHEA HILLIARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt059389
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt01426
IRS990/InsuranceGrp/TotalAmt01426
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0362
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01565434
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01644656
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010241
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03357
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01815
IRS990/LandBldgEquipCostOrOtherBssAmt012056
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03369
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0PROVIDE 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0676897
IRS990/NetAssetsOrFundBalancesEOYAmt0812229
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt017328
IRS990/OfficeExpensesGrp/TotalAmt017328
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05943
IRS990/OtherAssetsTotalGrp/EOYAmt06682
IRS990/OtherExpensesGrp/Desc0FISERV SOLUTIONS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt06814
IRS990/OtherExpensesGrp/ProgramServicesAmt1405
IRS990/OtherExpensesGrp/ProgramServicesAmt21020
IRS990/OtherExpensesGrp/ProgramServicesAmt3-115
IRS990/OtherExpensesGrp/TotalAmt06814
IRS990/OtherExpensesGrp/TotalAmt1405
IRS990/OtherExpensesGrp/TotalAmt21020
IRS990/OtherExpensesGrp/TotalAmt3-115
IRS990/OtherLiabilitiesGrp/BOYAmt03166865
IRS990/OtherLiabilitiesGrp/EOYAmt03428033
IRS990/OtherRevenueTotalAmt03369
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02196349
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02542927
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05050
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010381
IRS990/PrincipalOfficerNm0HARLENE B JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038716
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt116942
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR.
IRS990/ProgSrvcAccomActy3Grp/Desc0CORE CONVERSION AND DEBIT CARD FLIP IN YEAR 2017.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt04212
IRS990/PYContributionsGrantsAmt0125000
IRS990/PYInvestmentIncomeAmt01110
IRS990/PYOtherExpensesAmt0-2271
IRS990/PYOtherRevenueAmt04898
IRS990/PYProgramServiceRevenueAmt0200191
IRS990/PYRevenuesLessExpensesAmt0210122
IRS990/PYSalariesCompEmpBnftPaidAmt0119136
IRS990/PYTotalExpensesAmt0121077
IRS990/PYTotalRevenueAmt0331199
IRS990/ReconcilationRevenueExpnssAmt028947
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0676897
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0812229
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01815
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010241
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012056
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0640000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1324604
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt231439
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3548000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6113
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CATALYST PTA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CATALYST CORP. SETTLEMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3SHARES, DEPOSITS, CDS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4CAPITAL SHARES/CATALYST
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5SHARES, DEPOSITS, CDS-CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6SHARES,DEPOSITS,-CORP-AMERI
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03428033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01815
IRS990ScheduleD/TotalBookValueProgramRltdAmt01644656
IRS990ScheduleD/TotalLiabilityAmt03428033
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Related 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/ExplanationTxt1Classes 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/ExplanationTxt2Election 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/ExplanationTxt3Organization'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/ExplanationTxt4Governing 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/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW LIGHT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW LIGHT CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0760198056
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011233 CROWN PARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOUSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077067
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0N/A
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW LIGHT CHRISTIAN CENTER CHURCH
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0n
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03870513
IRS990/TotalAssetsEOYAmt04269308
IRS990/TotalAssetsGrp/BOYAmt03870513
IRS990/TotalAssetsGrp/EOYAmt04269308
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030442
IRS990/TotalFunctionalExpensesGrp/TotalAmt030442
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03193616
IRS990/TotalLiabilitiesEOYAmt03457079
IRS990/TotalLiabilitiesGrp/BOYAmt03193616
IRS990/TotalLiabilitiesGrp/EOYAmt03457079
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0676897
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0812229
IRS990/TotalProgramServiceRevenueAmt055658
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03870513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04269308
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01535 GREENSMARK DR
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077067
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.lightcommercecu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLENE B JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02818767576
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT COMMERCE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0030505731
ReturnHeader/Filer/PhoneNum02818767576
ReturnHeader/Filer/USAddress/AddressLine1Txt011235 CROWN PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077067
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760587407
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHURCH DEVELOPMENT RESOURCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011233 CROWN PARK DR STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077067
ReturnHeader/PreparerPersonGrp/PhoneNum02814138997
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MALACHI S JOHNSON
ReturnHeader/ReturnTs02022-06-28T14:07:37-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,269,308
Liabilities
$3,457,079
Net assets
$812,229
Revenue
$59,389
Expenses
$30,442
Net income
$28,947
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$3.84$1.09$0.31$0.20$0.12
2023Detailed filing. Detailed filing data is available for this year.$4.85$3.88$0.97$0.29$0.17$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$3.51$0.86$0.23$0.16$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.27$3.46$0.81$0.06$0.03$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.87$3.19$0.68$0.33$0.12$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.78$2.19$0.59$0.32$0.12$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$2.34$0.52$0.19$0.22$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$2.12$0.54$0.17$0.15$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$2.30$0.53$0.17$0.16$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$1.99$0.54$0.16$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.57$2.05$0.52$0.17$0.12$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.78$2.31$0.47$0.22$0.16$0.06
2012Summary only. Only limited summary data is available for this year.$2.35$1.94$0.41$0.26$0.17$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$2.70$0.32$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.32$2.11$0.21$0.17