Laredo Credit Union TX | Affordable Auto Loans & Business Banking

Introduction

Welcome to Laredo, your trusted partner in financial wellness since 1956! Located at 7114 Mcpherson Rd, Laredo, TX 78041, we have built a strong foundation of trust and community engagement over the years. With a commitment to serving our 18,069 members, our goal is to empower you with the tools and resources necessary for financial success. At Laredo, we proudly manage total assets of $134,676,567 and offer a variety of services tailored to meet your needs from personal banking solutions like checking and savings accounts to auto loans and mortgage financing. Our dedicated team is here to help you navigate your financial journey with confidence. Whether you are looking for a new vehicle with our extensive auto loan options or need assistance with debt consolidation, our experienced staff is ready to provide support every step of the way. We also understand that running a business comes with its own set of challenges, which is why we offer business banking solutions including merchant services and business loans. Our CEO, Rafael Martinez, along with Board President Cynthia Conchas, lead our team of 44 employees who are passionate about serving our community. Together, we strive to create an inclusive environment where everyone feels welcome and valued. While members can visit us at 7114 Mcpherson Rd, official correspondence should be sent to our mailing address: 7114 McPherson Rd, Laredo, TX 78041-6501. If you have any questions or need assistance, don't hesitate to reach out at 956-722-3971 or visit us online at laredofcu.org. Join us as we continue to make a positive impact in Laredo your financial future starts here!

Branch History & Mission

Community Commitment

Our dedication to community outreach is evident through various partnerships and initiatives aimed at supporting local causes. We understand the importance of giving back and are proud to participate in events that strengthen our ties within Laredo. While members can visit us at 7114 Mcpherson Rd for all banking needs including basic drive-thru services we also encourage official correspondence to be sent to our mailing address: 7114 McPherson Rd, Laredo, TX 78041-6501.

Join Us Today!

As we continue to grow and adapt to the changing financial landscape, we invite you to join the Laredo Branch family. Experience firsthand how we can support your financial journey while contributing positively to our beloved community. For more information or assistance, feel free to call us at 956-722-3971 during our operating hours: Monday through Friday from 8:30 AM to 5:30 PM and Saturday from 9:00 AM to 3:00 PM. Become a member today and let us help you achieve your financial goals!

Our Mission

At Laredo Branch, our mission goes beyond just providing financial products; we aim to empower our members and foster strong relationships within the community. We believe in making banking accessible for everyone. Our services include checking and savings accounts, auto loans, mortgage loans, personal loans, credit cards with rewards, and business banking solutions. We strive to create a positive impact by offering innovative digital banking options such as online banking and mobile applications. Our commitment to accessibility ensures that we cater to all members of our community, including ADA-compliant facilities for those who need them.

Branch Location & Accessibility

Accessibility Features

At our Mcpherson Branch, we prioritize your comfort and convenience. Parking is plentiful and easily accessible, making it simple for everyone to visit us. Our facility is ADA compliant, featuring ramps and designated parking spaces for those who need them. If you prefer to handle your banking from the comfort of your car, we also offer drive-thru banking services for quick deposits, withdrawals, and other simple transactions.

Operating Hours

We know that life can be busy! That's why our lobby hours are designed to fit your schedule. You can visit us Monday through Friday from 8:30 AM to 5:30 PM, and on Saturdays from 9:00 AM to 3:00 PM. Our team is here during these hours to assist you with personal banking needs like checking and savings accounts, auto loans, mortgage loans, and more.

Services Offered

In addition to traditional banking services, we're pleased to provide access to an ATM for quick cash withdrawals and balance checks anytime you need. Our dedicated team is also available for consultations about personal loans, credit cards with rewards, and business banking solutions. While we do not have shared services at this location, our members can enjoy a full range of financial products tailored just for them. For any inquiries or assistance needed before your visit, feel free to call us at 956-722-3971. We're here to help! Come by the Mcpherson Branch today; we look forward to welcoming you into the Laredo family!

Member Eligibility

At Laredo, we believe that everyone deserves a chance to be part of our supportive community. Becoming a member is simple and welcoming! To join us at our branch located at 7114 Mcpherson Rd Laredo Tx 78041, you just need to meet a few friendly eligibility criteria. If you live, work, worship, or attend school in the area, you're already on the right path! We also welcome family members of current members, so there's an opportunity for more people to experience our benefits. For those looking for specific details about eligibility, feel free to check out our website at https://laredofcu.org/membership/. Joining Laredo means gaining access to a variety of services designed with your needs in mind from personal banking solutions to auto loans and even business services. The process is straightforward and designed to ensure everyone feels included. If you have any questions or want to get started, don't hesitate to give us a call at (956) 722-3971. We're excited to help you become a part of our community!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $5 in commercial loans for our members, helping businesses scale and succeed. With personalized financing options, we empower local entrepreneurs to turn their visions into reality. - For those outside of our membership, we also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions that fit diverse needs. - With an outstanding commercial loan portfolio of $65,661, we continue to drive economic growth by financing new and expanding businesses in Laredo, TX.

Merchant Services

In addition to our loan offerings, we provide comprehensive merchant services that simplify payment processing for your business. Imagine seamlessly accepting credit cards and digital payments while managing transactions from a single platform. Our solutions not only enhance customer satisfaction but also streamline your operations, allowing you to focus on what you do best growing your business. Visit us at 7114 Mcpherson Rd Laredo Tx 78041 or call us at (956) 722-3971 to learn more about how our Business Banking & Commercial Services can make a difference for you!

Comprehensive List Of Services

Business Banking Services

For entrepreneurs and small business owners, we offer robust Business Banking solutions including merchant services and business loans. This means you can focus on growing your business while we handle the financial side with services that cater specifically to your needs.

Convenient Transactions

At Laredo's Mcpherson Branch, we also provide basic drive-thru banking for quick deposits, withdrawals, and simple transactions. If you're on-the-go and need cash or account assistance, our drive-thru service is here for you.

Home Financing Options

For those ready to purchase a home or refinance an existing mortgage, our Mortgage Loans & Refinancing services can guide you through the process. We strive to make homeownership more accessible with personalized support at every step.

Personal Banking Solutions

For those who want to manage their day-to-day finances, we offer Personal Banking options that include checking and savings accounts tailored to your lifestyle. Imagine having easy access to your funds with features designed for convenience and security. Our Online & Mobile Banking services allow you to check balances, transfer money, and pay bills right from your smartphone or computer. You can even enjoy the flexibility of ATM & Cash Withdrawal Services for quick access to cash whenever you need it.

Personal Loans for Your Needs

Need some extra cash? Our Personal Loans & Debt Consolidation options can help you manage unexpected expenses or consolidate debt into one manageable payment. It's all about making life easier when financial surprises arise.

Stay Connected

As part of our commitment to member satisfaction, we maintain high accessibility through both online platforms and physical locations. With features like person-to-person payments and electronic statements, managing your finances has never been easier. If you're curious about how our services can benefit you or if you're ready to open an account today, don't hesitate to reach out! Call us at 956-722-3971, visit us at 7114 Mcpherson Rd, Laredo TX 78041, or explore more on our website: http://www.laredofcu.org. We're excited to help you achieve your financial goals!

Vehicle Financing Made Easy

If you're in the market for a new car, our Auto Loans & Vehicle Financing options provide competitive rates and terms that fit your budget. Picture yourself driving off in that new vehicle without breaking the bank! We also offer loans specifically designed for refinancing existing auto loans, helping you save money on monthly payments.

Digital & Online Banking

Convenient Mobile Features

If you're always on the move, our mobile application makes banking even simpler. Available for download, it allows you to manage your accounts right from your smartphone. You can also take advantage of person-to-person transfers, making it easy to send money to friends or family in just moments.

Online Banking Made Easy

Our online banking platform is available 24/7 at http://www.laredofcu.org, giving you access to your accounts whenever you need it. You can check balances, transfer funds, and pay bills with just a few clicks. Plus, with our electronic signature authorization feature, signing documents has never been easier or more secure.

Security You Can Trust

We prioritize your security in all our digital banking services. From encrypted connections to vigilant monitoring, we ensure that your personal information remains safe while you enjoy the convenience of online banking. In summary, whether you're looking to manage your accounts online or through our mobile app, Laredo offers flexible options tailored for you. Experience banking that keeps pace with your life explore our digital services today!

Stay Organized with E-Statements

Say goodbye to piles of paper! With e-statements available at Laredo, you can view and manage your financial statements online. This not only helps you stay organized but also protects the environment by reducing paper waste.

Financial Strength

At Laredo, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength with you, reassuring you of our commitment to providing reliable services that meet your needs. With a net worth of $13,925,049, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,032 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $10,630,686 in share certificates and $7,498,383 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $13,669,160 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; we have $1,131 in used auto loans and $64,840,674 in total loans and leases to support members' financial goals across various sectors. Though our net income stands at $0, reflecting operational efficiency during these times, we remain dedicated to offering competitive loan rates and solid financial products for our members. We also take pride in having 41 full-time employees and 3 part-time employees. This knowledgeable team ensures that our branches are always ready to serve you with commitment and expertise. Our net shares available for lending and investments total $436,012, while the number of total share accounts stands strong at 22,685, demonstrating a growing base of trusted members who choose us for their financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Laredo is your trusted partner. Visit us at 7114 Mcpherson Rd Laredo Tx 78041 or call (956) 722-3971 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $22,392,061 in used vehicle loans and $17,138,591 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that make financing your next vehicle simple and straightforward.

Commercial Loans

For business owners, our outstanding commercial loans totaling $65,661 provide the capital needed to grow and expand your business. We understand how crucial it is for small businesses to thrive, and we're here to support you with tailored lending solutions. If you're considering refinancing any existing loans or unsure about eligibility, our knowledgeable staff is ready to assist you with all available options. Visit us at 7114 Mcpherson Rd Laredo Tx 78041, Laredo, TX, or give us a call at (956) 722-3971 during our operating hours: M-F (8:30 AM - 5:30 PM) and Sat (9:00 AM - 3:00 PM). At Laredo, we are committed to helping you navigate your financial journey with confidence. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you find the right loan product today!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,302,663, make buying or refinancing simple. Whether you're a first-time buyer or looking to refinance an existing mortgage, our team is here to guide you every step of the way.

Personal Loans and Credit Lines

Need quick access to funds? We also offer personal loans and credit lines, giving you the flexibility to manage expenses as they arise. With a total of $14,000,000 available for credit lines, you can rest easy knowing that financial support is at hand whenever you need it.

Unsecured Credit Card Loans

We provide flexible terms on unsecured credit card loans as well. While currently we have $0 in these types of loans helping members manage their finances effectively, our options are designed for everyday use and emergencies alike.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This means users can trust that the offers they see are fair and transparent. Each listed loan reflects current market conditions, allowing for informed decision-making.

Laredo