Dec, 31, 2020 — LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in Laredo, TX with 1 branch location and about $15.00 million in total assets. Opened 63 years ago in 1958, LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION has about 1,647 members and employs 10 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 |
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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: | 1,647 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12472 |
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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: | $15,004,400 |
CEO/Manager: | Gilberto Ramos |
Chairperson: | Juan Paz |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,346,239 |
TOTAL INVESTMENTS | 3,776 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 5,280,383 |
Other Loans | 5,812,431 |
TOTAL LOANS | 11,092,814 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,002 |
Land And Building | 521,410 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 102,436 |
All Other Assets | 39,727 |
TOTAL ASSETS | 15,004,400 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 65,558 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 91,425 |
Regular shares | 7,457,446 |
All Other Shares & Deposits | 5,948,246 |
TOTAL SHARES & DEPOSITS | 13,497,117 |
TOTAL LIABILITIES | 13,562,675 |
Regular Reserve | 106,732 |
Other Reserves | 0 |
Undivided Earnings | 1,334,993 |
TOTAL EQUITY | 1,441,725 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,004,400 |
INCOME & EXPENSE | |
Loan Income | 858,104 |
Investment Income | 851 |
Other Income | 69,630 |
Total Employee Compensation & Benefits | 280,946 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 376,995 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,377 |
Cost of Funds | 181,830 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 83,437 |
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