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LATINO COMMUNITY CREDIT UNION

Dec, 31, 2023 — LATINO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 15 branch locations and about $1.03 billion in total assets. Opened 24 years ago in 2000, LATINO COMMUNITY CREDIT UNION has about 133,792 members and employs 245 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LATINO COMMUNITY CREDIT UNION
Address:
(Main Office)
100 W Morgan St
DURHAM, NC 27701-3315
Phone:(919) 688-9270
Fax:(919) 688-9309
Website:https://www.latinoccu.org
Branches:15 branch locations
Members:133,792
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68430
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:2000
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,030,446,543
CEO/Manager:Vicky Garcia
Chairperson:David Brehmer

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 135,073,681
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 595,628,342
 Unsecured Loans 18,026,185
 Other Loans 241,532,657
 TOTAL LOANS 855,187,184
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,401,812
 Land And Building 17,539,837
 Other Fixed Assets 1,692,564
 NCUSIF Deposit 6,150,356
 All Other Assets 339,022
  TOTAL ASSETS 1,030,446,543
LIABILITIES & CAPITAL:  
 Dividends Payable 775,406
 Notes & Interest Payable 39,775,000
 Accounts Payable & Other Liabilities 17,918,023
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 99,936,000
 Share Drafts 65,415,773
 Regular shares 92,805,954
 All Other Shares & Deposits 584,357,709
  TOTAL SHARES & DEPOSITS 742,579,435
  TOTAL LIABILITIES 901,020,781
 Regular Reserve 0
 Other Reserves 1,350,000
 Undivided Earnings 128,075,762
  TOTAL EQUITY 129,425,762
  TOTAL LIABILITIES, SHARES, & EQUITY 1,030,446,543
INCOME & EXPENSE  
 Loan Income 54,051,323
 Investment Income 4,811,233
 Other Income 4,394,172
 Total Employee Compensation & Benefits 16,032,690
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,345,644
 Non-operating Income & (Expense) 4,014,930
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,855,101
 Cost of Funds 15,983,594
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,785,046
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