Sep, 30, 2025 — LATINO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 15 branch locations and about $1.06 billion in total assets. Opened 26 years ago in 2000, LATINO COMMUNITY CREDIT UNION has about 128,420 members and employs 319 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) | 6 Moore Dr DURHAM, NC 27703 |
| Phone: | (919) 688-9270 |
| Fax: | |
| Website: | https://www.latinoccu.org |
| Branches: | 15 branch locations |
| Members: | 128,420 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,055,569,826 |
| CEO/Manager: | Vicky Garcia |
| Chairperson: | Maria Scanga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,307,791 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 653,446,851 |
| Unsecured Loans | 17,915,429 |
| Other Loans | 184,581,966 |
| TOTAL LOANS | 855,944,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,464,540 |
| Land And Building | 19,960,507 |
| Other Fixed Assets | 23,773,221 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,796,052 |
| All Other Assets | 96,114 |
| TOTAL ASSETS | 1,055,569,826 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 701,648 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 21,756,225 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 99,436,000 |
| Share Drafts | 116,558,239 |
| Regular shares | 86,816,454 |
| All Other Shares & Deposits | 549,090,773 |
| TOTAL SHARES & DEPOSITS | 752,465,466 |
| TOTAL LIABILITIES | 909,396,256 |
| Regular Reserve | 0 |
| Other Reserves | 1,350,000 |
| Undivided Earnings | 144,823,570 |
| TOTAL EQUITY | 146,173,570 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,055,569,826 |
| INCOME & EXPENSE | |
| Loan Income | 47,104,661 |
| Investment Income | 3,809,178 |
| Other Income | 3,403,927 |
| Total Employee Compensation & Benefits | 19,195,154 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,711,174 |
| Non-operating Income & (Expense) | 425,052 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,360,000 |
| Cost of Funds | 15,840,134 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,799,369 |
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