Light Commerce Credit Union

Houston, TXMutual-benefit / member-servingSince 2004EIN 03-0505731

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.

100¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $124K a year · 48% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $55K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$334K
+6% vs prior year
Spent
$136K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$334K
FY2025▲ +6%
Revenue by fiscal year
FY2020$331K
FY2021$59K
FY2022$230K
FY2023$288K
FY2024$314K
FY2025$334K
Expenses
$136K
FY2025▼ -31%
Expenses by fiscal year
FY2020$121K
FY2021$30K
FY2022$158K
FY2023$173K
FY2024$197K
FY2025$136K
Net assets
$1.3M
FY2025▲ +18%
Net assets by fiscal year
FY2020$677K
FY2021$812K
FY2022$855K
FY2023$971K
FY2024$1.1M
FY2025$1.3M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $136K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Light Commerce Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates members and offers competitive products to improve quality of life and service.

Provided by the organization

This section is blank until Light Commerce Credit Union claims this page.

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3 program services, described in the organization's own filed words · FY2025.
01

No significant accomplishments during current tax year.

Pt IX · col B
02

No significant accomplishments during current tax year.

Pt IX · col B
03

Core conversion and debit card flip in year 2017.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Inclusiv INCFY2024$15K
Total grants receivedfrom 2 funders$55K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$334K
Ln 12
Fees for servicesLn 2g$234K
Investment incomeLn 3$100K
Other incomeLn 4–11$550
Money outPt IX
$136K
Ln 25
Programscol B$136K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$6.8M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$234K
Investment incomeLn 3$100K
Other incomeLn 4–11$550
Total revenueLn 12$334K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$7K
Total assetsLn 16$6.8M
LiabilitiesLn 26$5.5M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$58K$68K
InvestmentsLn 11–13$1.5M$4.4M
Land, buildings, equipmentLn 10c$8K$6K
Total assetsLn 16$4.9M$6.8M
LiabilitiesLn 26$3.8M$5.5M
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$25K$25K
Other salaries and wagesLn 7$121K$121K$0$0
Other fees for servicesLn 11g$5K$5K$0$0
Advertising and promotionLn 12$23K$23K$0$0
Office expensesLn 13$107K$107K$0$0
Conferences, conventions and meetingsLn 19$20K$20K$0$0
InterestLn 20$7$7$0$0
Depreciation, depletion and amortizationLn 22$2K$2K$0$0
InsuranceLn 23$9K$9K$0$0
Other expenses (24a–d)Ln 24$44K$44K$0$0
All other expensesLn 24e−$219K−$219K$0$0
Total functional expensesLn 25$136K$136K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $334K$136K$198K$1.3M 990 PDF
FY2024 $314K$197K$117K$1.1M 990 PDF
FY2023 $288K$173K$116K$971K 990 PDF
FY2022 $230K$158K$72K$855K 990 PDF
FY2021 $59K$30K$29K$812K 990 PDF
FY2020 $331K$121K$210K$677K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $334,243 across 3 lines filed
Lines not itemized here account for $550 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$234,120
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$99,573
VIII-12 Total revenueRelated to mission $334,243 · Unrelated business $0 · Excluded from tax $0$334,243
Part IX · Statement of functional expenses $136,113 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $25,115$25,115
IX-7 Other salaries and wagesPrograms $120,562 · Management $0 · Fundraising $0$120,562
IX-11g Other fees for servicesPrograms $5,050 · Management $0 · Fundraising $0$5,050
IX-12 Advertising and promotionPrograms $22,558 · Management $0 · Fundraising $0$22,558
IX-13 Office expensesPrograms $107,025 · Management $0 · Fundraising $0$107,025
IX-19 Conferences, conventions and meetingsPrograms $19,755 · Management $0 · Fundraising $0$19,755
IX-20 InterestPrograms $7 · Management $0 · Fundraising $0$7
IX-22 Depreciation, depletion and amortizationPrograms $2,474 · Management $0 · Fundraising $0$2,474
IX-23 InsurancePrograms $8,887 · Management $0 · Fundraising $0$8,887
IX-24 Other expenses (24a–d)Programs $44,140 · Management $0 · Fundraising $0$44,140
IX-24e All other expensesPrograms −$219,460 · Management $0 · Fundraising $0−$219,460
IX-25 Total functional expensesPrograms $136,113 · Management $0 · Fundraising $0$136,113
Part X · Balance sheet $6,796,296 assets, 11 lines filed
Asset lines not itemized here account for $2,335,783; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $58,485$68,464
X-9 Prepaid expenses and deferred chargesStart of year $467$526
X-10c Land, buildings and equipment, netStart of year $8,410$5,937
X-13 Program-related investmentsStart of year $1,497,733$4,378,662
X-15 Other assetsStart of year $14,649$6,924
X-16 Total assetsStart of year $4,923,056$6,796,296
X-17 Accounts payable and accrued expensesStart of year $30,906$157,476
X-25 Other liabilitiesStart of year $3,804,117$5,352,845
X-26 Total liabilitiesStart of year $3,835,023$5,510,321
X-32 Total net assets or fund balancesStart of year $1,088,033$1,285,975
X-33 Total liabilities and net assetsStart of year $4,923,056$6,796,296
Part XI · Reconciliation of net assets $1,285,975 net assets at year end
XI-1 Total revenue$334,243
XI-2 Total expenses$136,113
XI-3 Revenue less expenses$198,130
XI-4 Net assets at start of year$1,088,033
XI-8 Prior period adjustments−$188
XI-10 Net assets at end of year$1,285,975

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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