Latino Credit Union

Overview / Commentary

919-530-8800

100 W Morgan St
Durham, NC 27701-3315

Latino Credit Union is headquartered in Durham and is the 10^th largest credit union in the state of North Carolina. It is also the 464^th largest credit union in the nation. It was established in 2000 and as of June of 2022, it had grown to 177 employees and 113,963 members at 15 locations. Latino Credit Union has an A 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

CD Cash Back: 1% Of The Total Deposit Amount - 6/14/2022

Cash Back: 1% of the total deposit amount, rounded to the nearest cent. This bonus will be provided in addition to the interest earned during the TC term. I believe this would be the highest 12 month CD available nationally, but really only makes sense for the jumbo rates. Rough estimate: A 12 Month CD with a minimum $100,000 deposit would yield 2.50% apy A 12 Month CD with a minimum $200,000 deposit would yield 2.95% apy Interest is deposited in your savings account monthly.

Latino Community Credit Union Ups Competitive Jumbo CD Rates - 5/2/2022

Latino Community Credit Union (easy membership) has again increased its competitive Jumbo CD upper-tier rates ($200k minimum opening deposit).

Latino Community Credit Union Boosts Competitive Jumbo CD Rates - 4/23/2022

Latino Community Credit Union (easy membership) has boosted its competitive Jumbo CD tiered rates ($100k and $200k minimum deposits) again.

View all posts from:

2022
2020
2019
Earlier

6/14 - CD Cash Back: 1% Of The Total Deposit Amount
5/2 - Latino Community Credit Union Ups Competitive Jumbo CD Rates
4/23 - Latino Community Credit Union Boosts Competitive Jumbo CD Rates
3/31 - Latino Community Credit Union Unveils Very Competitive Super Jumbo CDs
2/24 - Latino Community Credit Union Brings Back Competitive Jumbo CDs

12/7 - Latino Community Credit Union Money Market Available Nationwide

9/13 - IRA Saving 3%

9/26/18 - Latino Community Credit Union Offers 24-Month Jumbo CD
4/3/18 - Latino Credit Union (Easy Membership) Raises 36-Month CD Rate
1/26/18 - Latino Credit Union Boosts Rates On All Nationally Available CDs
12/30/16 - Latino Credit Union (Easy Membership) Hikes 48-month CD
7/21/16 - Latino CU (Easy Membership) Has Competitive 60-Month CD

Reviews (5)

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Best Service Ever!

Posted by: ET | May 7, 2022

• Wish other credit union and bank provides similar excellent service.
• Yahira Garcia 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.

Comment

Started An IRA Here This Month -- Latino Community CU

Posted by: smd | Dec 17, 2019

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

so far so good

nice people -- dealing with the "virtual branch"

Comment

Great Credit Union!!

Posted by: NicoRT | Jun 7, 2018

Excellent service, great rates and a commendable mission.

Comment

Lack Of Service Is Off-Putting

Posted by: mc | May 18, 2022

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.

Comment

Bad Review On The Bank

Posted by: megaamaria | Mar 14, 2019

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

Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68430
Year Chartered	2000
Employees	177
Primary Regulator

Profit Margin
Return on Assets - YTD	2.79%
Return on Equity - YTD	23.99%
Annual Interest Income	$21.4MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$902.7MM$662.9MM
Loans	Q2 2022vs Q2 2021	$668.3MM$543.3MM
Deposits	Q2 2022vs Q2 2021	$674.1MM$567.6MM
Equity Capital	Q2 2022vs Q2 2021	$96.4MM$72.7MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$5.9MM$5.4MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$5.8MM$4.1MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$11.00K