Sep, 30, 2025 — LAREDO FEDERAL CREDIT UNION is a federal credit union headquartered in LAREDO, TX with 3 branch locations and about $135.18 million in total assets. Opened 70 years ago in 1956, LAREDO FEDERAL CREDIT UNION has about 18,026 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAREDO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1119 Corpus Christi St LAREDO, TX 78040-5258 |
| Phone: | (956) 722-3971 |
| Fax: | (956) 712-3068 |
| Website: | https://www.laredofcu.org |
| Branches: | 3 branch locations |
| Members: | 18,026 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11011 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $135,177,933 |
| CEO/Manager: | Rafael A Martinez |
| Chairperson: | Cynthia Conchas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,467,260 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,890,899 |
| Unsecured Loans | 8,076,913 |
| Other Loans | 52,221,738 |
| TOTAL LOANS | 76,434,961 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -755,065 |
| Land And Building | 3,118,444 |
| Other Fixed Assets | 912,613 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,154,249 |
| All Other Assets | 6,682 |
| TOTAL ASSETS | 135,177,933 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,645 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,688 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,084,937 |
| Regular shares | 80,639,062 |
| All Other Shares & Deposits | 24,083,679 |
| TOTAL SHARES & DEPOSITS | 123,807,678 |
| TOTAL LIABILITIES | 123,902,011 |
| Regular Reserve | 0 |
| Other Reserves | -3,449,066 |
| Undivided Earnings | 14,724,988 |
| TOTAL EQUITY | 11,275,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,177,933 |
| INCOME & EXPENSE | |
| Loan Income | 3,332,768 |
| Investment Income | 1,129,202 |
| Other Income | 986,614 |
| Total Employee Compensation & Benefits | 1,941,893 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,455,127 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 237,091 |
| Cost of Funds | 199,702 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 809,375 |
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