Laredo Fire Department Federal Credit Union


Overview / Commentary
956-722-7841
5002 Tesoro Plaza
Laredo, TX 78041

Laredo Fire Department Federal Credit Union is headquartered in Laredo and is the 309th largest credit union in the state of Texas. It is also the 3,755th 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.
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Health
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 Chartered1958
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD3.79%
Annual Interest Income$215.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$13.0MM$12.5MM
LoansQ1 2020vs Q1 2019$11.1MM$10.5MM
DepositsQ1 2020vs Q1 2019$11.6MM$11.1MM
Equity CapitalQ1 2020vs Q1 2019$1.4MM$1.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$113.00K$108.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$61.00K$6.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Office5002 Tesoro PlzLaredo, TX 78041-5744

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