Light Commerce Credit Union

Light Commerce Credit Union is headquartered in HOUSTON and is the 465^th largest credit union in the state of Texas. It is also the 6,021^st largest credit union in the nation. It was established in 2004 and as of December of 2011, it had grown to 2 employees and 948 members. Light Commerce Credit Union's CD rates are 11% higher than the national average, and it has a 4-star health rating.

Light Commerce Credit Union Savings Account Rates

Light Commerce Credit Union CD Rates

Data for Q4 2011

Institution Statistics LIGHT COMMERCE NCUA # 68529 BankRate Report View Year Chartered 2004 Employees 2 Primary Regulator Assets and Liabilities Assets $3.03 million Loans $2.72 million Deposits $2.72 million Equity Capital $320,000 Loan Loss Allowance $17,000 Unbacked Noncurrent Loans $70,000 Historic Data - December 2010 Assets $2.32 million Equity Capital $214,000 Loan Loss Allowance $15,000 Unbacked Noncurrent Loans $55,000 Profit Margin - Quarterly Net Interest Margin 5.73% Return on Assets 3.5% Return on Equity 33.13% Interest Income $173,000 Non-Interest Income $98,000

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Light Commerce Credit Union had $70,000 in non-current loans and owned real-estate with $337,000 in equity and loan loss allowances on hand to cover it. This gives Light Commerce Credit Union a Texas Ratio of 20.77% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Light Commerce Credit Union held steady from 24.02% as of December 31, 2010 to 20.77% as of December 31, 2011, resulting in a positive change of 13.51%.This indicates that the balance sheet and financial strength for Light Commerce Credit Union has held steady in recent periods. Deposit Growth In the past year, Light Commerce Credit Union has increased its total deposits by $608,000, resulting in 28.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Light Commerce Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Light Commerce Credit Union has $3.03 million in assets with $337,000 in equity, resulting in a capitalization level of 11.12%, which is above average.

No reviews have been left for this bank yet. Be the first to review.