Laredo Federal Credit Union

Overview / Commentary

956-722-3971

1119 Corpus Christi St
Laredo, TX 78040

Laredo Federal Credit Union is headquartered in Laredo and is the 122^nd largest credit union in the state of Texas. It is also the 1,503^rd largest credit union in the nation. It was established in 1956 and as of December of 2022, it had grown to 41 employees and 18,776 members at 3 locations. Laredo Federal Credit Union has a B health rating.

Field of Membership Restrictions

Laredo Federal Credit Union membership is open to those who live, work, attend school or worship in Webb County.
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Health

Data as of Q4 2022

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Health Grade Components

Overall
NCUA #	11011
Year Chartered	1956
Employees	41
Primary Regulator

Profit Margin
Return on Assets - YTD	0.43%
Return on Equity - YTD	11.65%
Annual Interest Income	$3.8MM

Assets and Liabilities
Assets	Q4 2022vs Q4 2021	$146.5MM$153.9MM
Loans	Q4 2022vs Q4 2021	$62.9MM$52.1MM
Deposits	Q4 2022vs Q4 2021	$139.5MM$142.2MM
Equity Capital	Q4 2022vs Q4 2021	$5.5MM$10.4MM
Loan Loss Allowance	Q4 2022vs Q4 2021	$327.00K$364.00K
Unbacked Noncurrent Loans	Q4 2022vs Q4 2021	$357.00K$256.00K
Real Estate Owned	Q4 2022vs Q4 2021	$0$0

Rates

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Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Laredo Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$250	-	Individual Retirement Account
0.05%	$25	-	Share Savings Account

Laredo Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.05% → $2.5k - $50k \| 0.10% → $50k - $100k

Laredo Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	A+ Club Checking Account
0.05%	$500	-	Regular Checking Account

Laredo Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	$1k	-	60 Month Share Certificate
0.35%	$1k	-	48 Month Share Certificate
0.30%	$1k	-	36 Month Share Certificate
0.25%	$1k	-	24 Month Share Certificate
0.20%	$1k	-	18 Month Share Certificate
0.15%	$1k	-	12 Month Share Certificate
0.10%	$1k	-	6 Month Share Certificate

Locations

Laredo Federal Credit Union Locations
Branch Office	4170 S Zapata Hwy Ste 1	Laredo, TX 78046-8558
Branch Office	1119 Corpus Christi St	Laredo, TX 78040-5258
Branch Office	7114 McPherson Rd	Laredo, TX 78041-6501

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