Light Commerce Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030505731 ✦ Houston, TX ✦ Designated as a 501(c)(14)

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Overview

What is Light Commerce Credit Union?

Light Commerce Credit Union is a nonprofit organization located in Houston, Texas, specifically at 11235 Crown Park Drive. The primary focus of this credit union is to provide an exceptional level of customer service, ensuring they are responsive to their members' needs. They strive to improve their members' quality of life by offering member education and competitive financial products. Although the information does not indicate any significant accomplishments during the current tax year, Light Commerce Credit Union is committed to delivering a superior experience to its members.


Official website here: www.lightcommercecu.org

What do the Facebook reviews say about Light Commerce Credit Union?

98% of 5 reviewers on Facebook recommend Light Commerce Credit Union. Here is a summary of their reviews:

The general sentiment is overwhelmingly positive, with users expressing satisfaction about their experiences. One reviewer highlighted a personal journey of saving money at the credit union, emphasizing the connection to their church and the blessings they feel as a result. This enthusiasm reflects a strong trust in the credit union’s ability to foster financial wellbeing.

Overall, Light Commerce Credit Union appears to genuinely meet the expectations of its members, providing a supportive financial environment that resonates with its community values. Users appreciate the opportunity to save with a purpose, which enhances their overall banking experience.


This AI summary has been generated from reviews found on Facebook.

Is Light Commerce Credit Union legitimate?

Light Commerce Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Light Commerce Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,000

For more financial information, click here


Official website here: www.lightcommercecu.org

What is the mission statement of Light Commerce Credit Union?

Light Commerce Credit Union is committed to providing an exceptional level of customer service, with a strong focus on responding to member needs. Their mission is to improve the quality of life for their members, achieving this by offering member education and competitive products. The credit union encourages a better quality credit union by prioritizing its members' needs, thereby striving to produce a superior credit union experience.


Official website here: www.lightcommercecu.org

Who is the CEO of Light Commerce Credit Union?

Harlene B Johnson is the Chairman of Light Commerce Credit Union.


Official website here: www.lightcommercecu.org

What is the revenue of Light Commerce Credit Union?

Light Commerce Credit Union's revenue in 2022 was $230,108.


Official website here: www.lightcommercecu.org

Who are the executives of Light Commerce Credit Union and what are their salaries?

There 2 volunteers at Light Commerce Credit Union.


Here are 5 key members and their salaries:


Dr Ira Van Hilliard (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Bridget Hilliard (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malachi S Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harlene B Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irishea Hilliard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lightcommercecu.org

Where can I find the form 990 for Light Commerce Credit Union?

Light Commerce Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lightcommercecu.org

Learn more at the official website: www.lightcommercecu.org

Mission Statement of Light Commerce Credit Union

Light Commerce Credit Union is committed to providing an exceptional level of customer service, with a strong emphasis on promptly addressing the needs of its members. Their mission extends beyond just offering financial services; they strive to encourage a better quality of life for their members. This is achieved through a combination of member education and the provision of competitive products. By investing in their members' knowledge and offering them suitable financial solutions, Light Commerce Credit Union aims to build a stronger and more prosperous credit union.

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Impact




October, 2024

Light Commerce Credit Union significantly enhances the financial well-being of its members through a commitment to exceptional customer service. By prioritizing responsiveness to member needs, it creates a supportive environment that fosters trust and satisfaction. The credit union focuses on improving the quality of life for its members by offering educational resources that empower them to make informed financial decisions. Additionally, it provides competitive financial products that cater to diverse needs, helping members achieve their financial goals. Through these efforts, Light Commerce Credit Union plays a vital role in the community, ensuring that members not only feel valued but also gain access to tools that promote sustainable economic growth.




This information is meant to be a general summary of Light Commerce Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$230,108 (2022)
Expenses
$158,129 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,484
  • Program Service Revenue: $207,811
  • Gross Receipts: $230,108

Assets and Liabilities:

  • Total Assets: $4,360,265
  • Total Liabilities: $3,505,006
  • Net Assets: $855,259

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$149,585

FEES & CHARGES

Revenue

$58,226

Organization Details

Founding Year

2004

Principal Officer

Harlene B Johnson

Main Address

11235 CROWN PARK DRIVE, HOUSTON, TX, 77067

NTEE Category

Code: W60 - Public benefit

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