LCCU was recognized in Business North Carolina magazine’s Financial 100 Standouts for two years in a row (Nov 2008 and Jun 2009). Of all the banks and credit unions in the state, LCCU has the #1 Best Return on Assets and #1 Best Return on Equity.

We offer our members responsible loans and a safe place to save, while continuing to excel as a financially sound institution. 

 

Why is LCCU the best financial institution for you? 

Your money is safe: First and foremost, your deposits are now insured up to $250,000 by the federal government. Your money is even safer here in the United States than in other countries with less deposit insurance. Keeping your money in an LCCU account is the best way to keep your money safe!

We get to know you, our members: We do not do indirect lending. We sit with you to find out what you can realistically afford and determine the best option to meet the needs of you and your family. For this reason, our loan delinquencies, loan losses and foreclosures remain low.

We only offer responsible loan products:  We offer the highest quality loan products. We never have and never will offer dangerous "interest only" or "exploding rate" subprime loans to you. Our main objective is to provide the best products and services with competitive interest rates and the lowest fees to save you money.

We take care of your money: We do not take risks with your money. We have never invested in dangerous subprime mortgage-backed securities.  We invest in you -- our members -- by making loans to finance homes, cars, personal needs and education.

We have extensive oversight: We have many people looking over our work to make sure that we remain strong and protect our members.  Every year, we have auditors, examiners, state and federal regulators, and internal auditors checking our work and our financial status. We have received “clean audits” and positive feedback on our audits every year since we opened our doors in 2000.

We have retained external credibility and trust: While many other financial institutions have lost their credibility, Latino Credit Union remains very well respected throughout the United States.  In fact, LCCU recently won (for the seventh time) the prestigious CDFI award from the U.S. Department of Treasury in recognition of its outstanding performance and service to low-income communities.