Lighthouse Community Credit Union

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

EIN: 910614904 ✦ Vancouver, WA ✦ Designated as a 501(c)(14)

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Overview

What is Lighthouse Community Credit Union?

Lighthouse Community Credit Union is a nonprofit, state-chartered financial institution situated in Vancouver, Washington. With a commitment to serving its community, this credit union offers a range of loan and deposit services to its over 1,600 members. As a nonprofit entity, it is dedicated to providing financial assistance to its members, contributing to the economic well-being of its local community. The credit union maintains a small team of four employees, demonstrating its focus on delivering personalized and attentive services.


Official website here: www.lhccc.com

Is Lighthouse Community Credit Union legitimate?

Lighthouse Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Lighthouse Community 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: $95,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,367

For more financial information, click here


Official website here: www.lhccc.com

What is the mission statement of Lighthouse Community Credit Union?

Lighthouse Community Credit Union, as a non-profit, state-chartered institution, is dedicated to serving over 1,600 members by providing them with various financial services. Its mission is centered around offering loan and deposit products and services, aiming to contribute positively to the financial well-being of its members. Although the information does not provide explicit details, it can be inferred that the credit union's goal is to promote financial stability and growth for its members, acting as a reliable financial partner within its community.


Official website here: www.lhccc.com

Who is the CEO of Lighthouse Community Credit Union?

Steven Bernhoft is the Board Chair of Lighthouse Community Credit Union.


Official website here: www.lhccc.com

What is the revenue of Lighthouse Community Credit Union?

Lighthouse Community Credit Union's revenue in 2021 was $112,421.


Official website here: www.lhccc.com

Who are the executives of Lighthouse Community Credit Union and what are their salaries?

The average compensation at Lighthouse Community Credit Union during 2021 was $27,882. There are 4 employees and 8 volunteers at Lighthouse Community Credit Union.


Here are 8 key members and their salaries:


David Bristol (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Bernhoft (Board Vice Chair, Presiden)
  • Compensation: $45,833
  • Related: $0
  • Other: $0
Alan Hamilton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cristhian Canseco (Board Treasurer And Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Bryant (Associate Board Memeber)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Falkner (Associate Board Memeber)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Small (Board Member, Svp Branch)
  • Compensation: $31,250
  • Related: $0
  • Other: $0
Christine Close (Senior Loan Officer)
  • Compensation: $18,080
  • Related: $0
  • Other: $0


Official website here: www.lhccc.com

Where can I find the form 990 for Lighthouse Community Credit Union?

Lighthouse Community Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.lhccc.com

Learn more at the official website: www.lhccc.com

Mission Statement of Lighthouse Community Credit Union

Lighthouse Community Credit Union, as a non-profit, state-chartered institution, is dedicated to serving over 1,600 members by providing various financial services. Its mission, in essence, is to offer loan and deposit products and services to its members, aiming to contribute positively to their financial well-being. This credit union operates on a non-profit basis, meaning it focuses on its members' needs rather than generating profits for shareholders. By doing so, it fosters a sense of community and financial security among its members, allowing them to manage their finances more effectively.

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Impact




October, 2024

Lighthouse Community Credit Union plays a significant role in its community by offering essential financial services to over 1,600 members in Vancouver, WA. Through its variety of loan and deposit products, the credit union supports members in achieving their financial goals, whether it's purchasing a home, building savings, or managing everyday expenses.

With a mission focused on public benefit, Lighthouse Community Credit Union fosters financial inclusion and empowers individuals by providing access to affordable financial resources. This commitment to serving the local community enhances the overall economic well-being of its members, contributing positively to the broader Vancouver area. The credit union’s personalized services and member-centric approach help create a supportive financial environment that strengthens the community as a whole.




This information is meant to be a general summary of Lighthouse Community 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
$112,421 (2021)
Expenses
$357,657 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: -$83,205
  • Program Service Revenue: $195,626
  • Gross Receipts: $236,970

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

LOAN INTEREST INCOME

Revenue

$153,339

FEE INCOME

Revenue

$42,227

OTHER SERVICE REVENUE

Revenue

$60

Organization Details

Founding Year

1953

Principal Officer

Steven Bernhoft

Main Address

PO BOX 1829, VANCOUVER, WA, 98668

NTEE Category

Code: W60 - Public benefit

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