54 Hispanic American-Owned Banks and Credit score Unions, Sorted by State

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Hispanic American-owned establishments by state, plus Puerto Rico and the US Virgin Islands

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
Washington DC
West Virginia
Wisconsin
Wyoming
US Virgin Islands
Puerto Rico

Historical past of Hispanic American-owned banks

The primary Hispanic American-owned banks within the mainland US had been established within the Nineteen Sixties, one of many first being Centinel Financial institution of Taos.

Hispanic American monetary establishments had been created to offer providers to low-income and minority communities, notably Hispanic American communities. Traditionally, Hispanic People have been affected by discriminatory lending practices like redlining and skilled restricted financial alternatives to construct wealth.

Hispanic American banks had been based in areas the place minority communities lived. These monetary establishments had been capable of join with their native communities and fill the banking hole by addressing areas like language and tradition.

Within the late Nineteen Sixties and early Nineteen Seventies, the federal government started to develop applications and insurance policies that might help minority-owned banks and permit these establishments to proceed serving underrepresented communities.

For example, via Government Order 11625, the federal government sought to determine a program that may strengthen minority banks. 

Laws such because the Group Reinvestment Act additionally helped handle the wants of underrepresented communities by requiring banks to satisfy their wants via providers and merchandise.

Hispanic American banks, very like different minority-owned banks, have gone via durations of progress and durations of decline.

Right this moment, there are 54 Hispanic American banks and credit score unions which are FDIC or NCUA insured across the US. These monetary establishments proceed to serve low-income and underrepresented communities.

The place to seek out Hispanic American-owned banks and credit score unions within the US, together with Puerto Rico and US Virgin Islands 

Alabama

None

Alaska

None 

Arizona

AEA Federal Credit score Union

Branches: 3 (Yuma, Somerton, Parker)

ATMs: Free ATMs at AEA branches, Albertsons, plus over 30,000 surcharge-free ATMs via the Co-Op Shared Community 

Companies: financial savings accounts, checking accounts, cash market accounts, share certificates, particular person retirement accounts, auto loans, leisure car loans, private loans, bank cards, mortgage loans, on-line banking, cellular banking

Group outreach: AEA Federal Credit score Union is a part of the Worker Denims Giver Program; staff get to put on denims in the event that they donate $5 or $10. The Federal credit score union additionally companions with native organizations and helps host occasions for the group. Learn extra right here.

Learn Insider’s full assessment of AEA Federal Credit score Union right here. 

Arkansas

None

California

Camino Federal Credit score Union

Branches: 1 (Montebello)

ATMs: Camino has greater than 30,000 surcharge-free ATMs accessible via the Co-Op Shared Community

Companies: financial savings accounts, checking accounts, cash market accounts, share certificates, particular person retirement accounts, bank cards, auto loans, private loans, residence fairness loans, mortgage loans, on-line banking, cellular banking

Learn Insider’s full assessment of Camino Federal Credit score Union right here. 

First Imperial Credit score Union

Branches: 4 (El Centro, Brawley, Calexico, Imperial) 

ATMs: over 30,000 surcharge-free ATMs via the Co-Op Shared Community

Companies: financial savings accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, auto loans, leisure car loans, mortgage loans, residence fairness loans, unsecured loans, bank cards, on-line banking, digital pockets

Group outreach: First Imperial Credit score Union has partnered with 18 native organizations. Learn extra right here.

Learn Insider’s full assessment of First Imperial Credit score Union right here. 

Solar Group Federal Credit score Union

Branches: 8 (Brawley, Calexico, Calipatria, El Centro, Holtville, Imperial, Indio, Palm Springs) 

ATMs: Solar Group Federal ATMs accessible, plus over 30,000 surcharge-free ATMs accessible via the Co-Op ATM Community

Companies: financial savings accounts, checking accounts, cash market accounts, share certificates, bank cards, private loans, auto loans, leisure car loans, traces of credit score, share secured loans, residence fairness loans, residence fairness line of credit score, mortgage loans, industrial loans, on-line banking, cellular banking

Group outreach: Solar Group Federal Credit score Union companions with native excessive colleges and organizations. In the previous few years, the credit score has donated over $400,000 to 50 organizations. Learn extra right here.

Learn Insider’s full assessment of Solar Group Credit score Union right here. 

Union Sure Federal Credit score Union

Branches: 1 (Orange County)

ATMs: Three UYFCU ATMs, plus  50,000 surcharge-free ATMs via the Co-Op Shared ATM community

Companies: financial savings accounts, checking accounts, cash market accounts, share certificates, particular person retirement accounts, auto loans, leisure car loans, secured CDs, bank cards, private loans, mortgage loans, residence fairness traces of credit score, protected deposit bins

Learn Insider’s full assessment of Union Sure Federal Credit score Union right here. 

Colorado

None

Connecticut

None 

Delaware

None 

Florida

Banesco USA

Branches: 4 branches in Florida (Aventura, Coral Gables, Hialeah, Brickell, plus yet one more in Miami in quarter 1 of 2023) and 1 department in Puerto Rico 

ATMs: 55,000 ATMs worldwide and 43,000 ATMs within the US via the Allpoint ATM community

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, enterprise banking, residence fairness loans, auto loans, boat loans, enterprise loans, worldwide banking, on-line banking, cellular banking

Group outreach: Banesco USA has labored with Junior Achievement to assist promote monetary literacy and training to Ok-12 college students. It has additionally labored with Fundacion Comunitaria de Puerto Rico to assist reconstruction efforts in Puerto Rico, in addition to taken half in different area people efforts. Learn extra right here.

Learn Insider’s full assessment of Banesco USA right here. 

Interamerican Financial institution

Branches: 5 (Miami, West Palm Seashore)

ATMs: ATMs accessible in branches, plus Publix ATMs are freed from cost

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, time deposit, particular person retirement accounts, Visa bank card, Zelle, protected deposit bins, enterprise banking, mortgage loans, residence fairness traces of credit score, building loans, auto loans, unsecured traces of credit score, industrial loans, phone banking, on-line banking, cellular banking

Learn Insider’s full assessment of Interamerican Financial institution right here. 

Worldwide Finance Financial institution

Branches: 2 (Miami, New York)

ATMs: No ATM places, 5 free out-of-network ATMs monthly 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, mortgage loans, enterprise traces of credit score, industrial loans, building loans, CD secured loans, worldwide banking, on-line banking, cellular banking

Learn Insider’s full assessment of Worldwide Finance Financial institution right here. 

Ocean Financial institution

Branches: 22 (Miami, Miami Seashore, Aventura, Coral Gables, Doral, Hialeah, Pinecrest, Fort Lauderdale, Hollywood, Weston)

ATMs: Free ATMs at branches, plus Publix ATMs are freed from cost

Companies: financial savings account, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, residence fairness line of credit score, residence mortgage loans, auto loans, boat loans, CD-secured loans, debit playing cards, enterprise banking, industrial loans, industrial letters of credit score, worldwide banking, on-line banking, cellular banking, textual content banking, Zelle

Learn Insider’s full assessment of Ocean Financial institution right here. 

Plus Worldwide Financial institution

Branches: 1 (Miami)

ATMs: None

Companies: financial savings accounts checking accounts, certificates of deposit, cash market accounts, private loans, enterprise banking, industrial loans

Learn Insider’s full assessment of Plus Worldwide Financial institution right here. 

Widespread Financial institution

Branches: 39* (Florida, New Jersey, New York, see the complete checklist right here)

ATMs: 55,000 free ATMs via the Allpoint ATM community 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, enterprise banking, bank cards, private loans, residence fairness line of credit score, mortgage loans, funding planning providers, annuities, insurance coverage choices, instructional planning providers

Group outreach:  Widespread Financial institution created the Widespread Basis, which has given over $2.5 million to native organizations targeted on training, youth, well being, aged care, and group growth. Learn extra right here.

*Widespread Financial institution has branches in Puerto Rico and the US Virgin Island, however these branches provide totally different services and products. Branches in Puerto Rico are listed as Banco Widespread de Puerto Rico.

Learn Insider’s full assessment of Widespread Financial institution right here. 

Sunstate Financial institution

Branches: 3 (Coral Gables, Miami, West Miami)

ATMs: Can use any Sunstate Financial institution ATMs, Publix ATMs, or NYCE ATMs freed from cost

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, debit playing cards, bank cards, Zelle, private loans, mortgage loans, protected deposit bins, enterprise banking, enterprise loans, worldwide banking, on-line banking, cellular banking

Group outreach: Financial institution management and staff take part of their native communities targeted on youth. Learn extra right here.

Learn Insider’s full assessment of Sunstate Financial institution right here. 

US Century Financial institution

Branches: 10 (Miami, Miami Lakes, Hialeah, Aventura, Hollywood)

ATMs: Free ATMs in US Century Financial institution, CUHere, NYCE, SUM, Mastercard, and Pulse networks

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, residence mortgage loans, enterprise banking, SBA loans, enterprise traces of credit score, CD secured loans, worldwide banking, on-line banking, cellular banking, Zelle

Learn Insider’s full assessment of US Century Financial institution right here. 

Georgia

None 

Hawaii

None

Idaho

None

Illinois

None

Indiana

None

Iowa 

None

Kansas

None

Kentucky

None

Louisiana

None

Maine 

None

Maryland 

None

Massachusetts 

None

Michigan 

None

Minnesota 

None

Mississippi 

None

Missouri 

None

Montana 

None

Nebraska 

None

Nevada 

None

New Hampshire 

None

New Jersey 

Widespread Financial institution

Branches: 39 (Florida, New Jersey, New York, see the complete checklist right here)*

ATMs: 55,000 free ATMs via the Allpoint ATM community 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, enterprise banking, bank cards, private loans, residence fairness line of credit score, mortgage loans, funding planning providers, annuities, insurance coverage choices, instructional planning providers

Group outreach: Widespread Financial institution created the Widespread Basis, which has given over $2.5 million to native organizations targeted on training, youth, well being, aged care, and group growth. Learn extra right here.

*Widespread Financial institution has branches in Puerto Rico and the US Virgin Islands, however these branches provide totally different services and products. Branches in Puerto Rico are listed as Banco Widespread de Puerto Rico.

Learn Insider’s full assessment of Widespread Financial institution right here. 

Ponce Financial institution

Branches: 13 in New York (Bronx, Brooklyn, Manhattan, Queens) and 1 in New Jersey (Union Metropolis)

ATMs: 13 (Plus any Citibank department ATMs freed from cost)

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts,  enterprise banking, enterprise loans, industrial actual property loans, private loans, residential mortgage loans, building loans, cellular banking, on-line banking, phone banking

Learn Insider’s full assessment of Ponce Financial institution right here. 

New Mexico 

Group 1st Financial institution Las Vegas

Branches: 4 (Las Vegas, Mora)

ATMs: 4 (Las Vegas, Mora)

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, protected deposit bins, debit playing cards, auto loans, leisure  car loans, boat loans, motorbike and ATV loans, farm gear loans, residence enchancment loans, building loans, residence buy loans, industrial loans, on-line banking, cellular banking, textual content banking

Learn Insider’s full assessment of Group 1st Financial institution Las Vegas right here. 

Centinel Financial institution of Taos

Branches: 1 (Taos)

ATMs: 2 (Taos)

Companies: financial savings accounts, checking accounts, certificates of deposit, particular person retirement accounts, debit playing cards, Centinel MasterCard, client loans, actual property loans, mortgage loans, land loans, residence fairness traces of credit score, auto loans, private traces of credit score, enterprise banking, enterprise loans, protected deposit bins, on-line banking, cellular banking

Group outreach: Centinel Financial institution volunteers and donates to native organizations targeted on environmental motion and youth. 

Learn Insider’s full assessment of Centinel Financial institution of Taos right here. 

Guadalupe Credit score Union

Branches: 7 (Santa Fe, Espanola, Mora, Taos, El Prado)

ATMs: Free ATMs at department places and thru the Co-Op Shared Community and CU Anytime ATM Community

Companies: checking accounts, financial savings accounts, share certificates, cash market accounts, debit playing cards, auto loans, motorbike loans, leisure car loans, boat loans, bank cards, private loans, mortgage loans, on-line banking, cellular banking

Group outreach: Guadalupe Credit score Union works with native organizations and is concerned in applications and occasions just like the BizKid$ program and Christmas households initiatives. Learn extra right here.

Learn Insider’s full assessment of Guadalupe Credit score Union right here. 

Zia Credit score Union

Branches: 3 (Los Alamos, Espanola, Santa Fe)

ATMs: Free ATMs from Co-Op Shared Community and CU Anytime 

Companies: financial savings accounts, checking accounts, share certificates, particular person retirement accounts, Visa bank cards, residence mortgage loans, auto loans, leisure car loans, private loans, private traces of credit score, on-line banking, cellular banking 

Group outreach: By way of the Zia Schooling Basis, the financial institution presents faculty scholarships to graduating highschool college students. Since 1999, the financial institution has given over $375,000 in scholarships. Learn extra right here.

Learn Insider’s full assessment of Zia Credit score Union right here. 

New York 

Ponce Financial institution

Branches: 13 in New York (Bronx, Brooklyn, Manhattan, Queens) and 1 in New Jersey (Union Metropolis)

ATMs: 13 (Plus any Citibank department ATMs freed from cost)

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts,  enterprise banking, enterprise loans, industrial actual property loans, private loans, residential mortgage loans, building loans, cellular banking, on-line banking, phone banking

Learn Insider’s full assessment of Ponce Financial institution right here. 

Widespread Financial institution

Branches: 39 (Florida, New Jersey, New York, see the complete checklist right here)*

ATMs: 55,000 free ATMs via the Allpoint ATM Community 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, enterprise banking, bank cards, private loans, residence fairness line of credit score, mortgage loans, funding planning providers, annuities, insurance coverage choices, instructional planning providers

Group outreach:  Widespread Financial institution created the Widespread Basis, which has given over $2.5 million to native organizations targeted on training, youth, well being, aged care, and group growth. Learn extra right here.

*Widespread Financial institution has branches in Puerto Rico and the US Virgin Islands, however these branches provide totally different services and products. Branches in Puerto Rico are listed as Banco Widespread de Puerto Rico.

Learn Insider’s full assessment of Widespread Financial institution right here. 

North Carolina 

Latino Group Credit score Union

Branches: 16 ( Charlotte, Piedmont Triad, Triangle)

ATMs: Free entry to over 1,300 Cashpoints ATMs

Companies: financial savings accounts, checking accounts, share certificates, retirement accounts, bank cards, private loans, secured loans auto loans, mortgage loans, immigration help loans, Dreamer loans, enterprise banking, on-line banking, cellular banking

Group outreach: Latino Credit score Union started the Latino Group Growth Middle to assist Latino immigrants and low-income Latinos get a greater understanding of monetary literacy. Companies are in English and Spanish and all through all branches. There’s additionally a scholarship fund that has offered over $350,000 in scholarships to members. Learn extra right here.

Learn Insider’s full assessment of Latino Group Credit score Union right here. 

North Dakota 

None

Ohio 

None

Oklahoma 

Financial institution of Grand Lake

Branches: 2 (Grove, Langley)

ATMs: 3, plus any ATMs via the TransFund ATM community are surcharge-free

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, building loans, residence fairness loans, residence enchancment loans, private traces of credit score, actual property loans, boat loans, leisure car loans, auto loans, industrial loans, enterprise banking, on-line banking, cellular banking

Learn Insider’s full assessment of Financial institution of Grand Lake right here. 

Oregon 

None

Pennsylvania 

None

Puerto Rico 

Banco Widespread de Puerto Rico

Branches: 160 all through Puerto Rico, see the complete checklist right here

ATMs: extra than 600 free ATMs via Banco Widespread de Puerto Rico

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, bank cards, on-line banking, cellular banking, private loans, residence fairness line of credit score, mortgage loans, funding planning providers, annuities, insurance coverage choices, instructional planning providers

Group outreach: Banco Widespread de Puerto Rico created the Widespread Basis, which has given over $2.5 million to native organizations targeted on training, youth, well being, aged care, and group growth. It additionally contributed $1 million to assist communities that had been affected after Hurricane Maria. Learn extra right here.

*Banco Widespread de Puerto Rico has branches within the mainland US and the US Virgin Islands, however these branches provide totally different services and products. These branches are listed as Widespread Financial institution.

Learn Insider’s full assessment of Banco Widespread de Puerto Rico right here. 

Banesco USA

Branches: 4 branches in Florida (Aventura, Coral Gables, Hialeah, Brickell, plus yet one more coming on the finish of 2022 in Miami) and 1 department in Puerto Rico 

ATMs: 55,000 ATMs worldwide and 43,000 ATMs within the US via the Allpoint ATM community 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, residence fairness loans, auto loans, boat loans, enterprise loans, worldwide banking, on-line banking, cellular banking

Group outreach: Banesco USA has labored with Junior Achievement to assist promote monetary literacy and training to Ok-12 college students. They’ve additionally labored with Fundacion Comunitaria de Puerto Rico to assist reconstruction efforts in Puerto Rico, in addition to taken half in different area people efforts. Learn extra right here.

Learn Insider’s full assessment of Banesco USA right here. 

Caribe Credit score Union

Branches: 3 in Puerto Rico (San Juan, Guaynabo, Ponce)

ATMs: over 200 ATMs from the COOP24 Community, and over 80 ATMs via the ShareNet Community*

Companies: financial savings accounts, checking accounts, share certificates, auto loans, private loans, mortgage loans, boat loans, motorbike loans, inexperienced loans, bank cards, enterprise banking, enterprise loans

*As much as 10 free ATM withdrawals, $1.00 cost when you exceed the free transaction restrict

Learn Insider’s full assessment of Caribe Credit score Union right here. 

FirstBank Puerto Rico

Branches: 78 all through Puerto Rico,

ATMs: 445

Companies: financial savings accounts, checking account, certificates of deposit, cash market account, enterprise banking, particular person retirement accounts, debit playing cards, traces of credit score, insurance coverage choices, private loans, mortgage loans, auto loans, boat loans, fixed-term enterprise loans, letters of credit score, on-line banking, cellular banking

Group outreach: FirstBank Puerto Rico started the Assume First, Assume Inexperienced program, which focuses on environmental consciousness. This system is in partnership with The Conservation Belief of Puerto Rico and Fundación Amigos de El Yunque. Learn extra right here.

Learn Insider’s full assessment of FirstBank Puerto Rico right here. 

Oriental Financial institution

Branches: 46 all through Puerto Rico, see the complete checklist right here

ATMs: greater than 55,000 ATMs within the US, free ATMs in Puerto Rico accessible right here.

Companies: financial savings accounts, checking accounts, certificates of deposit, enterprise banking, mortgage loans, auto loans, private loans, bank cards, traces of credit score, industrial loans,  particular person retirement accounts, insurance coverage choices, company retirement plans, on-line banking, cellular banking

Group outreach: By way of Manos Oriental, financial institution staff volunteer in native communities and take part in organizations like Canastas de Bendicion and Enactus Puerto Rico. Learn extra right here.

Learn Insider’s full assessment of Oriental Financial institution right here. 

Puerto Rico Federal Credit score Union

Branches: 4 in Puerto Rico (Caparra, Quebradillas, Manatee, Aguadilla)

ATMs: Free ATMS via ATH, NYCE, and CIRRUS networks

Companies: financial savings account, checking accounts, share certificates, private loans, bank cards, mortgage loans, auto loans, on-line banking

Learn Insider’s full assessment of Puerto Rico Federal Credit score Union right here. 

VAPR Federal Credit score Union

Branches: 4 in Puerto Rico (San Juan, Rio Piedras, Hato Rey, Guayama)

ATMs: VAPR Federal Credit score Union ATMs are free, in case you use different financial institution ATMs a further cost will happen after the eleventh transaction

Companies: financial savings accounts, checking accounts, share certificates, particular person retirement accounts, bank cards,  private loans, auto loans, mortgage loans, building loans, on-line banking, cellular banking

Learn Insider’s full assessment of VAPR Federal Credit score Union right here. 

Rhode Island 

None

South Carolina 

None

South Dakota 

None

Tennessee 

None

Texas

Financial institution of South Texas

Branches: 6 (Pharr, McAllen, Kingsville, Hebbronville, Mission)

ATMs: 55,000 via the Allpoint ATM community 

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, enterprise banking, debit card, actual property loans, enterprise loans, building loans, on-line banking, cellular banking 

Group Outreach: Board members and staff take part in native charity runs. Learn extra right here.

Learn Insider’s full assessment of Financial institution of South Texas right here. 

Border Federal Credit score Union

Branches: 5 (Del Rio, Eagle Cross, Crystal Metropolis)

ATMs: 11 Free ATMs, plus entry via Stripes Shops

Companies: financial savings accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, reward playing cards, debit playing cards, insurance coverage choices, volunteer earnings tax program, private loans, enterprise loans, residence fairness loans, unimproved land loans, COVID-19 reduction loans

Group outreach: Border Federal Credit score Union started a golf match, which has raised over $120,000 for school scholarships. It additionally has youth applications geared towards monetary literacy and training.

Learn Insider’s full assessment of Border Federal Credit score Union right here. 

Residents State Financial institution

Branches: 2 (Roma, Rio Grande Metropolis)

ATMs: 2

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, private loans, auto loans, residence enchancment loans, actual property loans, farm loans, enterprise banking

Learn Insider’s full assessment of Residents State Financial institution right here. 

CoastLife Group Credit score Union

Branches: 7 (Corpus Christi, Portland)

ATMs: Free ATMs can be found at department places and at 7-Eleven places, see the complete checklist right here.

Companies: financial savings accounts, checking accounts, share certificates, particular person retirement accounts, reward playing cards, bank cards, debit playing cards, protected deposit bins, mortgage loans, residence fairness loans, private loans, auto loans, leisure car loans, motorbike loans, unsecured loans, pupil loans, insurance coverage choices, on-line banking, cellular banking

Learn Insider’s full assessment of CoastLife Group Credit score Union right here. 

Commerce Financial institution

Branches: 167 all through the state of Texas, see full checklist right here*

ATMs: 282

Companies: financial savings accounts, checking accounts, IBC playing cards, mortgage loans, mortgage choices, insurance coverage choices, funding planning providers, protected deposit bins, evening deposits

*Commerce Financial institution has branches outdoors of Laredo, however these branches provide totally different services and products. Additionally they have totally different routing numbers and wiring numbers. These banks can be listed as Worldwide Financial institution of Commerce, Laredo; Worldwide Financial institution of Commerce, Brownsville; and Worldwide Financial institution of Commerce, Laredo. 

Learn Insider’s full assessment of Commerce Financial institution right here. 

Edinburg Academics Credit score Union

Branches: 1 (Edinburg)

ATMs: 3

Companies: financial savings accounts, checking accounts, share certificates, particular person retirement accounts, bank cards, auto loans, residence loans,  revolving line of credit score, boat loans, leisure car loans, private loans, on-line banking

Learn Insider’s full assessment of Edinburg Academics Credit score Union right here. 

evolve Federal Credit score Union

Branches: 4 (El Paso)

ATMs: Entry to 215 free ATMs situated all through El Paso and Las Cruces, plus 85,000 surcharge-free ATMs via Allpoint, Co-Op, and CU Anytime Shared Networks

Companies: financial savings account, checking accounts, share certificates, cash market accounts, particular person retirement accounts, bank cards, private loans, auto loans, mortgage loans, medical skilled mortgage loans, insurance coverage choices, on-line banking, cellular banking

Group outreach: evolve Federal Credit score Union created “evolving Youngsters of El Paso,” the place the financial institution companions with native youngsters’s organizations and hosts occasions. Learn extra right here.

Learn Insider’s full assessment of evolve Federal Credit score Union right here. 

Falcon Worldwide Financial institution

Branches: 18 (Laredo, Del Rio, Eagle Cross, San Antonio, Brownsville, Buda, McAllen, Zapata) 

ATMs: 22

Companies: financial savings account, checking accounts, certificates of deposit, cash market accounts, enterprise banking, on-line banking, cellular banking, mortgage loans, letters of credit score, insurance coverage choices, particular person retirement accounts, company retirement accounts, funding planning providers, training planning providers, property planning providers 

Group outreach: Falcon Worldwide Financial institution’s board members and staff volunteer in Management Laredo, South Texas Financial institution, Laredo WBCA, and extra native organizations. Learn extra right here.

Learn Insider’s full assessment of Falcon Worldwide Financial institution right here. 

Freedom Financial institution Financial savings Account

Branches: 3 (Freer, McAllen, Alamo), plus 2 openings in San Diego, Texas, and Edinburg, Texas in a date that is but to be introduced

ATMs: 55,000 ATMs via Allpoint community

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, bank cards, residence loans, auto loans, private loans, unsecured loans, protected deposit bins, enterprise banking, cellular banking, on-line banking, phone banking

Learn Insider’s full assessment of Freedom Financial institution right here. 

GECU Credit score Union

Branches: 21 (El Paso)

ATMs: Entry to over 32,000 surcharge-free ATMs via GECU or Co-Op Shared Community

Companies: saving accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, private loans, automobile loans, mortgage loans, residence enchancment loans, industrial loans, bank cards, debit playing cards, insurance coverage choices, enterprise banking, enterprise loans, Zelle, on-line banking, cellular banking

Group outreach: GECU Credit score Union started the GECU Basis, which gives scholarships and participates in area people occasions. The credit score union additionally began a free monetary literacy program. Learn extra right here.

Learn Insider’s full assessment of GECU Credit score Union right here. 

Gulf Coast Federal Credit score Union

Branches: 4 (Corpus Christi, Alice, Portland)

ATMs: Free ATMs at department places, surcharge-free ATMs with Members First Credit score Union, CC Metropolis Workers Credit score Union, Star Credit score Union, Rally Credit score Union, and Stripes Shops

Companies: checking accounts, financial savings accounts, share certificates, cash market accounts, particular person retirement accounts, bank cards, auto loans, boat loans, leisure car loans, mortgage loans, residence fairness loans, land loans, shared secured loans, motorbike loans, traces of credit score, CD secured loans, insurance coverage choices, on-line banking, cellular banking

Learn Insider’s full assessment of Gulf Coast Federal Credit score Union right here. 

Worldwide Financial institution of Commerce, Brownsville

Branches: 167 all through the state of Texas, see the complete checklist right here*

ATMs: 282

Companies: financial savings accounts, checking accounts, certificates of deposit, particular person retirement accounts, debit playing cards, reward playing cards, bank cards, mortgage loans, residence fairness traces of credit score, residence fairness loans,  auto loans, boat loans, leisure car loans,  insurance coverage choices, funding planning providers, on-line banking, cellular banking

*Worldwide Financial institution of Commerce has branches outdoors of Brownsville, however these branches provide totally different services and products. Additionally they have totally different routing numbers and wiring numbers. These banks can be listed as Commerce Financial institution; Worldwide Financial institution of Commerce, Laredo; and Worldwide Financial institution of Commerce, Zapata. 

Learn Insider’s full assessment of Worldwide Financial institution of Commerce right here. 

Worldwide Financial institution of Commerce, Laredo

Branches: 167 all through the state of Texas, see the complete checklist right here*

ATMs: 282

Companies: financial savings accounts, checking accounts, certificates of deposit, particular person retirements accounts, debit playing cards, reward playing cards, bank cards, mortgage loans, residence enchancment loans, residence fairness traces of credit score, residence fairness loans, auto loans, boat loans, leisure car loans, insurance coverage choices, funding planning providers, cellular banking, on-line banking

*Worldwide Financial institution of Commerce has branches outdoors of Laredo, however these branches provide totally different services and products. Additionally they have totally different routing numbers and wiring numbers. These banks can be listed as Commerce Financial institution; Worldwide Financial institution of Commerce, Brownsville; and Worldwide Financial institution of Commerce, Zapata. 

Learn Insider’s full assessment of Worldwide Financial institution of Commerce right here. 

Worldwide Financial institution of Commerce, Zapata

Branches: 167 all through the state of Texas, see the complete checklist right here*

ATMs: 282

Companies: financial savings accounts, checking accounts, certificates of deposit, particular person retirement accounts, debit playing cards, reward playing cards, bank cards, mortgage loans, residence fairness traces of credit score, residence fairness loans,  auto loans, boat loans, leisure car loans,  insurance coverage choices, funding planning providers, on-line banking, cellular banking

*Worldwide Financial institution of Commerce has branches outdoors of Zapata, however these branches provide totally different services and products. Additionally they have totally different routing numbers and wiring numbers. These banks can be listed as Commerce Financial institution; Worldwide Financial institution of Commerce, Brownsville; and Worldwide Financial institution of Commerce, Laredo. 

Learn Insider’s full assessment of Worldwide Financial institution of Commerce right here. 

Laredo Federal Credit score Union Financial savings Account

Branches: 3 (Laredo)

ATMs: 6

Companies: financial savings accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, debit playing cards, protected deposit bins, low cost tickets, mortgage loans, residence fairness loans, residence enchancment loans, auto loans, lot loans, client loans, shared secured loans, private loans, on-line banking, cellular banking

Learn Insider’s full assessment of Laredo Federal Credit score Union right here. 

La Joya Space Federal Credit score Union

Branches: 2 (La Joya)

ATMs: Free ATMs at credit score union places and 500 surcharge-free ATMs at Stripes Shops

Companies: financial savings accounts, checking accounts, share certificates, cash market account, particular person retirement accounts, private loans, automobile loans, boat loans, motorbike loans, share secured loans, certificates secured loans, residence fairness loans, residence mortgage loans, land loans

Learn Insider’s full assessment of La Joya Space Federal Credit score Union right here. 

Lone Star Nationwide Financial institution

Branches: 38 (Alton, Brownsville, Edinburg, Harlingen, Hidalgo, McAllen, Mission, Pharr, Rio Grande Metropolis, Roma, San Antonio, South Padre Island, Weslaco)

ATMs: 56 offsite ATMs, plus all Allpoints ATMs are freed from cost

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, reward playing cards, bank cards, private loans, mortgage loans, auto loans, building loans, lot loans, enterprise banking, funding planning providers, insurance coverage choices, on-line banking, cellular banking

Learn Insider’s full assessment of Lone Star Nationwide Financial institution right here. 

Members First Credit score Union

Branches: 4 (Corpus Christi, Harlingen)

ATMs: over 55,000 free ATMs via the Allpoint ATM community

Companies: financial savings accounts, checking accounts, cash market accounts, enterprise banking, certificates of deposit, particular person retirement accounts, car loans, Visa bank cards, residence mortgage loans, residence fairness loans, private loans, secured loans, on-line banking, cellular banking

Learn Insider’s full assessment of Members First Credit score Union right here. 

Naft Federal Credit score Union

Branches: 3 (Pharr, Harlingen)

ATMs: 13, plus members can use Co-op ATMs freed from cost

Companies: financial savings accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, auto loans, private loans, leisure car loans, residence fairness loans, bank cards, on-line banking, cellular banking, Popmoney

Learn Insider’s full assessment of Naft Federal Credit score Union right here. 

Rally Credit score Union Primary Financial savings Account

Branches: 19 in Texas (Corpus Christi, Aransas Cross, Beeville, Calallen, Kingsville, Portland, Rockport, Brownsville, Edinburg, McAllen, Mission, Weslaco)

ATMs: Rally Credit score Union is a part of the Co-Op Shared Community with over 30,000 ATM places. 

Companies:  financial savings accounts, checking accounts, share certificates, cash market accounts, particular person retirement accounts, private loans, residence fairness loans, mortgage loans, land loans, building loans, land loans, auto loans, enterprise banking, cellular banking, on-line banking

Learn Insider’s full assessment of Rally Credit score Union right here. 

Rio Financial institution

Branches: 15 (Brownsville, Edcouch, Edinburg, Elsa, Harlingen, Palmview, Rio Grande Metropolis, Roma, San Juan, McAllen, Weslaco)

ATMs: ATMs all through Rio Grande Valley, plus 55,000 ATMs via the Allpoint community freed from cost

Companies: financial savings accounts, checking accounts, certificates of deposit, cash market accounts, particular person retirement accounts, debit playing cards, bank cards, enterprise banking, private loans, mortgage funding providers, enterprise plans, funding planning providers, on-line banking, cellular banking

Learn Insider’s full assessment of Rio Financial institution right here. 

River Metropolis Federal Credit score Union

Branches: 5 in San Antonio, Texas plus a part of CO-Op Shared branches

ATMs: ATMs accessible close to department places, plus any of 30,000 ATMs via the Co-Op Shared Community are freed from cost

Companies: financial savings accounts, checking accounts, cash market accounts, share certificates, particular person retirement accounts, bank cards, private loans, auto loans, leisure car loans, boat loans, residence mortgage loans, residence fairness loans, pupil loans, enterprise banking, enterprise loans, on-line banking, cellular banking

Group outreach:  The financial institution has partnered with Juntos Avanzamos, a company that highlights credit score unions that target serving Hispanic communities. River Metropolis Federal Credit score Union makes a degree to assist folks no matter their citizenship standing. Since 2018, the financial institution additionally started providing two annual faculty scholarships. Learn extra right here.

Learn Insider’s full assessment of River Metropolis Federal Credit score Union right here. 

Safety First Credit score Union

Branches: 9 (Brownsville, Edinburg, Harlingen, McAllen, Mission, San Benito, Weslaco) 

ATMs: Members can use Rio Grande Valley Credit score Union or NAFT Federal Credit score Union ATMs free of charge. Stripes Shops ATMs may also be used. 

Companies: financial savings accounts, cash administration accounts, share certificates, particular person retirement accounts, auto loans, mortgage loans, private loans, bank cards, debit playing cards, enterprise banking, insurance coverage choices, on-line banking, cellular banking

Group outreach: SecurityFirst Credit score Union has an annual faculty scholarship program, which awards 5 highschool college students $1,000. Learn extra right here.

Learn Insider’s full assessment of Safety First Credit score Union right here. 

SouthWest Heritage Credit score Union

Branches: 5 (Odessa, Wink)

ATMs: 43

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, bank cards, residence mortgage loans, auto loans, leisure car loans, different client loans, enterprise loans, actual property loans, cellular banking, on-line banking

Learn Insider’s full assessment of Southwest Heritage Credit score Union right here. 

Texas Nationwide Financial institution

Branches: 8 (Brownsville, Edinburg, Elsa, McAllen, Mercedes, Mission, San Juan, Weslaco)

ATMs: 8, plus over 55,000 Allpoint ATMs freed from cost

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, protected deposit bins, private loans, bank cards, mortgage loans, enterprise banking, industrial loans

Group outreach: Board members and employees take part in native occasions together with charity runs, native group occasions, and youth occasions. Learn extra right here.

Learn Insider’s full assessment of Texas Nationwide Financial institution right here. 

Zapata Nationwide Financial institution

Branches: 1 (Zapata)

ATMs: 2 (One at Zapata Department, the opposite close to Freeway 83)

Companies: financial savings accounts, checking accounts, cash market accounts, enterprise banking, private loans, auto loans, farm loans, gear loans, actual property loans, residence fairness loans, small enterprise loans, SBA loans, letters of credit score, traces of credit score, on-line banking, cellular banking

Learn Insider’s full assessment of Zapata Nationwide Financial institution right here. 

Utah 

None

US Virgin Islands 

Widespread Financial institution

Branches: 10 within the US Virgin Islands (St. Croix, St. Thomas, Tortola, Virgin Gorda)*

ATMs: greater than 20 free ATMs accessible within the Virgin Islands via Widespread Financial institution

Companies: financial savings accounts, checking accounts, cash market accounts, certificates of deposit, particular person retirement accounts, bank cards, on-line banking, cellular banking, private loans, residence fairness line of credit score, mortgage loans, funding planning providers, annuities, insurance coverage choices, instructional planning providers

Group outreach: Widespread Financial institution created the Widespread Basis, which has given over $2.5 million to native organizations targeted on training, youth, well being, aged care, and group growth. It additionally contributed $1 million to assist communities that had been affected after Hurricane Maria. Learn extra right here.

*Widespread Financial institution has branches within the mainland US and Puerto Rico, however these branches provide totally different services and products. Branches in Puerto Rico are additionally listed as Banco Widespread de Puerto Rico. 

Learn Insider’s full assessment of Widespread Financial institution right here. 

Vermont 

None

Virginia 

None

Washington 

None

Washington DC 

IDB World Federal Credit score Union

Branches: 1 (Washington, DC)

ATMs: 28,000 free ATMS via Co-Op and Alliance One ATM Community 

Companies: financial savings accounts, checking accounts, share certificates, debit playing cards, mortgage loans, auto loans, leisure car loans, residence fairness loans, supplemental housing loans, share secured loans, client loans, training loans, Zelle, on-line banking, cellular banking, Apple pay

Learn Insider’s full assessment of IDB World Credit score Union right here. 

West Virginia 

None

Wisconsin 

None

Wyoming

None

Methodology: How did Private Finance Insider select the banks and credit score unions on this checklist?

Private Finance Insider selected Hispanic American banks from the FDIC’s second quarter 2022 checklist.

These banks are designated as “minority depository establishments” (MDIs) and FDIC insured. FDIC-insured banks shield your cash and guarantee that as much as $250,000 is backed up in a person checking account. 

In line with the FDIC, an MDI is outlined as “a federal insured depository establishment for which (1) 51 p.c or extra of the voting inventory is owned by minority people; or (2) a majority of the board of administrators is minority and the group that the establishment serves is predominantly minority.” 

We chosen Hispanic American-owned credit score unions from the Nationwide Credit score Union Administration’s checklist of minority depository establishments which was additionally up to date in September 2022. The NCUA has a barely totally different definition for MDIs. 

For a credit score union to be an MDI it have to be federally insured and “a majority of its present members, its board of administrators, and the group it providers, as designated in its constitution, fall inside any of the eligible minority teams.” Minority teams thought-about are Black People, Native People, Hispanic People, or Asian People. 

From the NCUA’s Minority Depository Establishments Record, we chosen Hispanic American-owned credit score unions that had a minimum of 10,000 members. If our checklist would not embrace a banking establishment that is close to you, you could possibly discover a smaller credit score union on this checklist.

Often requested questions

Sophia Acevedo, CEPF

Banking Reporter