Latino Credit Union is headquartered in Durham and is the 10th largest credit union in the state of North Carolina. It is also the 599th largest credit union in the nation. It was established in 2000 and as of December of 2019, it had grown to 135 employees and 83,977 members at 12 locations. Latino Credit Union has an A health rating.
Membership in Latino Credit Union is open to anyone by joining the Latino Community Development Center ($10 family membership fee).
See current membership details
|Return on Assets - YTD||1.53%|
|Return on Equity - YTD||15.75%|
|Annual Interest Income||$25.0MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$491.0MM$339.7MM|
|Loans||Q4 2019vs Q4 2018||$390.7MM$310.2MM|
|Deposits||Q4 2019vs Q4 2018||$417.0MM$276.9MM|
|Equity Capital||Q4 2019vs Q4 2018||$46.4MM$39.1MM|
|Secondary Capital||Q4 2019vs Q4 2018||$2.5MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$3.9MM$3.8MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$3.1MM$3.0MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$80.00K$147.00K|
Rates for Latino Credit Union are currently being reviewed.