As a credit union, the Laredo Federal Credit Union works as a not-for-profit financial institution that is owned and operated by its own members. These members get the benefit of low-interest loans and other financial services as resulted from their combined pooled money. When it was founded in 1956, the name was Laredo Teachers Federal Credit Union based on the small group that started it. However, as the institution grew and more and more members were included from different areas, it got its present name. Today, Laredo Federal Credit Union has over 20,000 active members, four office locations, eight ATM machines, and over $130,000,000 in assets all over Laredo.

That’s quite impressive! The reason why the Laredo Federal Credit Union has gained so much popularity is the number of advanced services the institution offers.

Laredo Federal Credit Union - Services

Right from home loans, auto loans, consumer loans, etc. to accounts, investment, and online services; Laredo Federal Credit Union takes care of all financial needs of its members. All the services are easy to avail of and provided at convenient charges.

Accounts Services

Laredo Federal Credit Union offers Checking Accounts and Savings Accounts facilities with plenty of features. For example, their Savings account comes with different types such as Money Market Account, Special Savings, Regular Savings, Christmas Club, and Share Certificates. The Checking Accounts are if three types, i.e. Free Checking, A+ Checking, and Regular Checking.

Loans Services

The loan services offered by Laredo Federal Credit Union are really very popular in the community. The Auto Loans come with three types Guaranteed Asset Protection (GAP), Major Mechanical Protection, and Platinum Coverage Plan. The Consumer Loans are of three types: Personal Loans, Boat Loans, and Secured Loans. The Real Estate Loans offer four types of Loans i.e. Home Equity Loans, Home Improvement Loans, Home Loans, and Residential Lot Loans.

Investment Services

Laredo Federal Credit Union comes up with useful Individual Retirement Accounts (IRAs) to help you secure your future. Their practical schemes can be availed of by job-doers, business people, startups, experienced, and others.

Online Services

There are many online services that Laredo Federal Credit Union offers so to make things easier and more convenient for its members. You can use Financial Calculators, Check Reorders and Employment Application, Loan and Account Rates, and do more at single clicks.

Wire Transfer Services

As a credit union, Laredo Federal Credit Union makes the Wire Transfer service really fast and convenient for its members. These services are used for transfers within the US and internationally to any credit union, financial institution, and a bank that supports the service.

MasterCard Service

With its impressive expansion, Laredo Federal Credit Union offers the useful MasterCard service that allows users to use the card at any major food store, gas station, or other places that use MasterCards.

Who can get the membership?

ANYONE related to the WEBB COUNTY in any way is eligible for membership. You just have to apply online or in-person at any of their branches. The inclusive approach of the Laredo Federal Credit Union has made the membership very easy for people.