Dec, 31, 2023 — LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION is a federal credit union headquartered in LAREDO, TX with 1 branch location and about $15.61 million in total assets. Opened 66 years ago in 1958, LAREDO FIRE DEPARTMENT FEDERAL CREDIT UNION has about 1,828 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 |
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Address: (Main Office) | 5002 Tesoro Plz LAREDO, TX 78041-5744 |
Phone: | (956) 722-7841 |
Fax: | (956) 725-9643 |
Website: | https://www.laredofirecreditunion.com/ |
Branches: | 1 branch locations |
Members: | 1,828 |
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: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,613,970 |
CEO/Manager: | Gilberto Ramos |
Chairperson: | Gabriel H Campos |
ASSETS: | $ Amount |
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Cash & Equivalents | 855,201 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 6,054,585 |
Other Loans | 7,401,618 |
TOTAL LOANS | 13,456,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,732 |
Land And Building | 520,533 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 135,036 |
All Other Assets | 0 |
TOTAL ASSETS | 15,613,970 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 77,739 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 143,812 |
Regular shares | 7,274,761 |
All Other Shares & Deposits | 6,393,595 |
TOTAL SHARES & DEPOSITS | 13,812,169 |
TOTAL LIABILITIES | 13,889,908 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,724,062 |
TOTAL EQUITY | 1,724,062 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,613,970 |
INCOME & EXPENSE | |
Loan Income | 951,445 |
Investment Income | 66,959 |
Other Income | 78,109 |
Total Employee Compensation & Benefits | 343,423 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 486,563 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,713 |
Cost of Funds | 152,528 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 73,433 |
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