Laredo Federal Credit Union

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A short history of Laredo FCU

Since its inception in 1956 the Laredo Federal Credit Union has been serving its members in the LAREDO, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Erasmo Ramos Jr., the Laredo FCU has grown its membership to over 20,164 with assets of more than $134,585,820. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (956) 722-3971 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in LAREDO, TX.

General Information For Laredo FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 11011
State Texas 
Zip-Code 78040
Phone Number (956) 722-3971
Fax Number (956) 712-3068
Email Address:
CEO/President Erasmo Ramos Jr.
Members 20,164 
Full-Time Employees 54 
Part-Time Employees
Number of Branch Offices
Total Assets 134,585,820 

Compare Laredo Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Tex Mex CU Tex Mex Credit Union (Main) 1420 Cedar Ave 78040 (956) 722-1032 No 0.85
Laredo Fire Department CU Laredo Fire Dept. federal Credit Union 5002 Tesoro Plz 78044 (946) 722-7841 No 2.55
South Texas Regional CU South Texas Regional FCU 220 W Hillside Rd Ste 15 78042 (956) 723-0363 No 2.68

Laredo Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Laredo Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.31 5.85 6.61 6.55
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 182 426 417 395
Rank Among All Texas Credit Unions N/A 69 145 121 105

Laredo Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.02 0.10 0.17 0.43 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 135 129 122 277 259
Rank Among All Texas Credit Unions 38 47 27 94 68
Laredo Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 11.0203,6336,864,291
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.3102285,702,261
Used Vehicle Loans 5.8507438,114,053
Total 1st Mortgage Real Estate Loans/Lines of Credit 6.61030817,459,028
Total Other Real Estate Loans/Lines of Credit 6.550982,140,195
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.8708566,343,796
TOTAL LOANS & LEASES 5,86646,623,624

Laredo Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 717,836,3531126,000
    b. 15 Years or less 2379,622,6757416,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 982,140,1954263,200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 40619,599,22312805,200


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Laredo Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes