Laredo Fire Department Federal Credit Union

Overview / Commentary

www.laredofirecreditunion.com

956-722-7841

5002 Tesoro Plaza
Laredo, TX 78041

Laredo Fire Department Federal Credit Union is headquartered in Laredo and is the 309^th largest credit union in the state of Texas. It is also the 3,755^th largest credit union in the nation. It was established in 1958 and as of March of 2020, it had grown to 3 employees and 1,622 members at 1 location. Laredo Fire Department Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees and retirees of the Laredo Fire Department.
See current membership details

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Health

Data as of Q1 2020

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Laredo Fire Department Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	12472
Year Chartered	1958
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.41%
Return on Equity - YTD	3.79%
Annual Interest Income	$215.00K

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$13.0MM$12.5MM
Loans	Q1 2020vs Q1 2019	$11.1MM$10.5MM
Deposits	Q1 2020vs Q1 2019	$11.6MM$11.1MM
Equity Capital	Q1 2020vs Q1 2019	$1.4MM$1.4MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$113.00K$108.00K
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$61.00K$6.00K
Real Estate Owned	Q1 2020vs Q1 2019	$0$0

Rates

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Savings
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 Fire Department Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.30%^*	$50k^*	-	Regular Savings Account
OTHER TIERS: 0.10% → $100 - $25k \| 0.20% → $25k - $50k

Laredo Fire Department Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%^*	$100k^*	-	5 Year CD
OTHER TIERS: 2.25% → $50k - $100k
2.25%^*	$100k^*	-	4 Year CD
OTHER TIERS: 2.00% → $25k - $100k
1.55%^*	$100k^*	-	3 Year CD
OTHER TIERS: 1.30% → $15k - $100k
1.40%^*	$100k^*	-	2 Year CD
OTHER TIERS: 0.75% → $5k - $10k \| 1.15% → $10k - $100k
0.65%^*	$5k^*	-	1 Year CD
OTHER TIERS: 0.50% → $2k - $5k
0.35%	$1k	-	6 Month CD

Locations

Laredo Fire Department Federal Credit Union Locations
Branch Office	5002 Tesoro Plz	Laredo, TX 78041-5744

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