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Latino Credit Union


Overview / Commentary
latinoccu.org
919-595-1800
100 W Morgan St
Durham, NC 27701-3315

Latino Credit Union is headquartered in Durham and is the 10th largest credit union in the state of North Carolina. It is also the 454th largest credit union in the nation. It was established in 2000 and as of June of 2023, it had grown to 211 employees and 128,632 members at 16 locations. Latino Credit Union's CD rates are 7X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Latino Credit Union is open to anyone by joining the Latino Community Development Center ($10 family membership fee).
See current membership details

Related Posts

Latino Credit Union Offers Top Rates On Short-Term Jumbo CDs - 9/21/2023

Latino Community Credit Union (easy membership) has significantly boosted the rates on its short-term Jumbo CDs ($200k min) to near rate-leading and rate-leading levels.

Latino Community Credit Union Jumbo CDs Dominate Rates Peloton - 7/29/2023

Latino Community Credit Union (easy membership) has significantly raised the rates on its Jumbo CDs ($200k minimum) to near rate-leading and rate-leading levels.

4.85% 60 Month On A Jumbo (200K+) - 4/15/2023

Just stumbled across this credit union right near my house. Doesn’t seem to get much attention on here but now that CBC is gone this 4.85% 60 month jumbo is a decent deal for anyone still lurking. Good 6 month EWP on the 60 month.  Anyone can join $10 membership fee for some council. Only the jumbo rates are decent but they require 200k minimum. 12 month-5.2% 18 month-5.2% 24 month-5.1% 36 month-4.9% 48 month-4.8% 60 month -4.85%

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Reviews (6)

Best Service Ever!

Posted by: |

• Wish other credit union and bank provides similar excellent service.
• Yahira is a gem. She goes out of her way to accommodate me. She even replies her email on her day off.
• No credit check required for a CD
• Application approved almost immediately
• Wire funded account the next day
• 1.95% APY for a 12 months CD with minimum $200,000
• Most interesting, answers phone in Spanish, website defaults in Spanish. They do speak English.

Moderator Note: CSR's last name removed for privacy reasons.

6

Started An IRA Here This Month -- Latino Community CU

Posted by: |

started an IRA here this month -- Latino Community Credit Union

so far so good

nice people -- dealing with the "virtual branch"

9

Great Credit Union!!

Posted by: |

Excellent service, great rates and a commendable mission.

5

Horrible Customer Service

Posted by: |

I had an account here for a couple of years now. I used it because of the good rates originally. About 4 times a year I would transfer funds to another credit union from which I take a monthly draw.
This process became very tedious due to lack of any help from Latino. For example the other credit union faxed over a request for transfer on Monday about 2:30 p.m. Latino time to the number that was given to me from Latino. On Thursday I called to see why the request had not been taken care of. I was told by Diane that it was the wrong fax number because that was the lending department fax number but we had been using it for 2 plus years.
So I guess the lending department just put it in the garbage instead of making a phone call letting us know it was not the correct department. Diane then gave me another fax number which we used at about noon Latino time. I called about 2 p.m. Latino time and asked for Diane to make sure the fax had arrived. I was told she was in a meeting and would call me back. I called back about 4 p.m. Latino time and was told she was in a meeting and the gentleman that answered the phone told me he would make sure I was her first call after she returned from her meeting. Today is Friday the next day and it is 3 p.m. Latino time and I still have not received a call to verify they received the fax.
Friday morning I hunted down the phone number for State Employees Credit Union which is the firm that administers their IRA transactions. These folks refused to even let me speak with the IRA department but the person that answered the phone spoke with them and they assured him that they had received the request and I was in the cue but it would take 3 - 5 business days to process the request.
If this is the kind of Customer Service they provide no thanks.
To put it in perspective, when I called the credit union that does my monthly draw to have them prepare the paperwork for the transfer it went like this: Called at 9 a.m., the IRA person prepared the paperwork and faxed over to a branch 2 miles from my home by 9:45, I went and signed at 11a.m. and they faxed it to Latino by 11:30 am or 2:30 Latino time. It is now 5 days later and Latino has to have another 3-5 days to process the request to give me my money. Does that make any sense at all on any planet?
Good by and good riddance Latino.

4

Lack Of Service Is Off-Putting

Posted by: |

Called three weeks ago and I could not communicate with the person who answered the phone because of language issues. I asked for a callback and left my number. No callback - so goodbye Latino CU.

4

Bad Review On The Bank

Posted by: |

this is such a horrible bank , bad service really I really dont recommend people dont know how to do their own jobs

8


Health
B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #68430
Year Chartered2000
Employees211
Primary Regulator
Profit Margin
Return on Assets - YTD2.29%
Return on Equity - YTD17.75%
Annual Interest Income$27.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$948.9MM$902.7MM
LoansQ2 2023vs Q2 2022$798.1MM$668.3MM
DepositsQ2 2023vs Q2 2022$685.1MM$674.1MM
Equity CapitalQ2 2023vs Q2 2022$119.2MM$96.4MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$5.9MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$8.0MM$5.8MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Latino Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Latino Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$25-IRA Share Account
0.15%$10-Regular Savings Account
0.15%$10-Children Account
0.15%$10-Youth Account
0.15%$10-Holiday Account
0.15%$100-Micro Business Share Account
0.15%--Not For Profit Share Account

Latino Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.79%$500-Regular Money Market
2.79%$1k-Micro Business Money Market
2.79%$1k-Not for Profit Money Market

Latino Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Regular Checking
0.10%--Youth Checking
0.10%--Micro Business Checking
0.10%--Not for Profit Checking

Latino Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.90%*$200k*-12 Month Jumbo CD
OTHER TIERS: 5.70% → $100k - $200k
5.85%*$200k*-6 Month Jumbo CD
OTHER TIERS: 5.60% → $100k - $200k
5.70%*$200k*-18 Month Jumbo CD
OTHER TIERS: 5.45% → $100k - $200k
5.65%$500-12 Month CD
5.55%$500-6 Month CD
5.10%$500-18 Month CD
5.10%*$200k*-24 Month Jumbo CD
OTHER TIERS: 4.55% → $100k - $200k
4.50%$500-24 Month CD
3.55%*$200k*-36 Month Jumbo CD
OTHER TIERS: 3.50% → $100k - $200k
3.50%*$200k*-48 Month Jumbo CD
OTHER TIERS: 3.45% → $100k - $200k
3.45%$500-36 Month CD
3.45%*$200k*-60 Month Jumbo CD
OTHER TIERS: 3.40% → $100k - $200k
3.40%$500-48 Month CD
3.35%$500-60 Month CD
Locations

Availability

Raleigh Area

Interactive local rates map


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