LAREDO

Headquarters

1119 CORPUS CHRISTI ST
Laredo, TX 78040
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.40% 0.85% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Laredo is an NCUA insured institution located in Laredo, TX. It was founded in 1956 and has approximately $126.44 millions in assets.

NCUA Insured Yes
Charter Number # # 11011
Date Established 1956
Assets $126.44 million
Loans $49.77 million
Deposits $114.67 million
Capital $12.73 million
 

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Webb County.

Deposit Rates - December 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - December 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LAREDO

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.550% 2.500% 0.63 $1,655 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to LAREDO
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Laredo branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Laredo Locations


Financial Details

Laredo Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Laredo. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Laredo U.S. Average
12.54% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Laredo had $1,438,502 in non-current loans and $208,742 in owned assets. To cover these potential losses it had $12,734,178 in net worth and $402,649 in loans loss reserves. That gives it a Texas Ratio of 12.54%.

Net Worth
Laredo U.S. Average
10.07% 13.61%

Laredo FCU has a net worth of 10.07% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Laredo

Branches and Savings

What is Laredo?

A federal credit union, registered with the NCUA under certificate #11011.
Learn more about credit unions here.

Is Laredo FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Laredo?

Please see Field of Membership information above for information on who is eligible to join.

What are Laredo's share account and share certificate rates?

Laredo's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Laredo?

Laredo has total capital of $12.73 million. Full information on Laredo's financial position is located above.

Who owns Laredo?

Credit Unions are owned by their members.

Where are Laredo branches located?

See branch locations nearby.

Are Laredo ATMs Open 24/7?

Do Laredo ATMs accept cash deposits?

Can Laredo customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Laredo have a mobile app?

Does Laredo have mobile deposit?

Does Laredo have quick pay?

How can Laredo transfer money to other banks or credit unions?

Does Laredo report to credit bureaus?

Does Laredo use Chexsystems?

Does Laredo use Equifax?

What is Laredo's toll free phone number?

What is Laredo's ACH Routing Number?

What is Laredo's SWIFT code?

Where can I find Laredo's wire transfer form?

What is the Laredo address for deposits?

What Products Does Laredo Offer

Does Laredo offer mortgages?

Compare mortgage rates here.

Does Laredo offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Laredo offer auto and RV loans?

Compare auto loan rates here.

Does Laredo offer student loans or personal loans?

Compare personal loan rates here.

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