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 125^th largest credit union in the state of Texas. It is also the 1,559^th largest credit union in the nation. It was established in 1956 and as of September of 2024, it had grown to 41 employees and 18,069 members at 3 locations. Laredo Federal Credit Union's CD rates are 2X the national average, and it 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 Q3 2024

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Health Grade Components

Overall
NCUA #	11011
Year Chartered	1956
Employees	41
Primary Regulator

Profit Margin
Return on Assets - YTD	1.76%
Return on Equity - YTD	24.83%
Annual Interest Income	$4.2MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$134.7MM$138.3MM
Loans	Q3 2024vs Q3 2023	$64.8MM$65.8MM
Deposits	Q3 2024vs Q3 2023	$125MM$131.9MM
Equity Capital	Q3 2024vs Q3 2023	$9.6MM$6.3MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$571K$668K
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$440K$646K
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

Rates

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Savings
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
2.00%	$1k	-	6 Month Share Certificate
2.00%	$1k	-	12 Month Share Certificate
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

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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