Mar, 31, 2021 — LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in Laredo, TX with 1 branch location and about $15.69 million in total assets. Opened 63 years ago in 1958, LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION has about 1,651 members and employs 11 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 FIRE DEPARTMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P.O. Box 2702 Laredo, TX 78044-2702 |
| Phone: | (946) 722-7841 |
| Fax: | (956) 725-9643 |
| Website: | https://www.laredofirecreditunion.com/ |
| Branches: | 1 branch locations |
| Members: | 1,651 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12472 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,685,078 |
| CEO/Manager: | Gilberto Ramos |
| Chairperson: | Ricardo A Jaime |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,432,597 |
| TOTAL INVESTMENTS | 3,776 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,063,109 |
| Other Loans | 5,610,981 |
| TOTAL LOANS | 10,674,090 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,631 |
| Land And Building | 514,422 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 102,436 |
| All Other Assets | 49,388 |
| TOTAL ASSETS | 15,685,078 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,462 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 121,968 |
| Regular shares | 8,021,863 |
| All Other Shares & Deposits | 6,001,044 |
| TOTAL SHARES & DEPOSITS | 14,144,875 |
| TOTAL LIABILITIES | 14,225,337 |
| Regular Reserve | 106,732 |
| Other Reserves | 0 |
| Undivided Earnings | 1,353,009 |
| TOTAL EQUITY | 1,459,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,685,078 |
| INCOME & EXPENSE | |
| Loan Income | 208,288 |
| Investment Income | 181 |
| Other Income | 7,649 |
| Total Employee Compensation & Benefits | 59,316 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 90,217 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,817 |
| Cost of Funds | 42,851 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,016 |
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