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ANNUAL MEETING AGENDA 

 

FEBRUARY 23, 2015 

 

 

 

 

 

 

 

 

 

Welcome Credit Union Members Register for Door Prizes 

Food and Beverages available 

 

 

 

 

 

BOARD OF DIRECRTORS 

 

 

President                                          David Esparza 

 

1st V-P                                             Fernando Alarcon 

 

 

Secretary                                         Alberto Chapa 

 

 

Director                                             Juan Paz 

 

 

Director                                             Tony Nanez 

 

 

Director                                             Luis Aguirre 

 

 

Director                                             Javier Compean 


 

 

 

 

 

 

 

 

 

 

 

 

 

Supervisory Committee 

 


Jose S. Martinez Bruno  Guajardo 


Chairperson Member 


 

 

 

Credit Committee 

 

 

Brad Thompson                               Chairperson 

 

 

 

 

 

 

 

Manager Asst. Mgr.  

Asst. Mgr. II 

Staff  

 

 

Gilbert Ramos Esteban Medina Roberto Garcia 

 

Officer Officer  

Officer 

 

 

Lauro Salinas Roberto de Hoyos 

Mario Martinez 

 

Officer Officer Officer  

Officer 

 

 

Cesar Hinojosa Enrique Fuentes Javier Compean 

Regulo Rodriguez 


 

 

 

 

 

 

 

 

MISSION STATEMENT 

 

 

 

 

 

The Laredo Fire Department Credit Union was organized to serve the people who work for the Laredo Fire Department, which is located in Laredo, Texas. As an occupational based financial institution owned and operated by our members. We reinvest our member's money into the community of Laredo. 

 

 

 

 

The re-investment of funds back into the community provides a full range of personal affordable development of our membership by providing a safe, sound, democratic alternative to traditional financial institutions. Laredo Fire Department Federal Credit Union will continually play leadership role in our members needs by providing high quality, personal service in a friendly environment. 

  

 

 As Of. 12/31/2014 

 

 

 

 

   

 

 

 

TOTAL ASSETS                                                               $10,771,000.00                                                     

 

**  

 

<OPERATING INCOME> 

 

 

GROSS INCOME 

 

 

 

$691,310.00  

 

OPERATING  EXPENSES 

 

$486,151.00  

 

<COST OF FUNDS> DIVIDEND EXPENSES 

 

 

 

 

 

$126,994.00  

 

PROVISION FOR LOAN LOSSES 

 

$49,752.00  

 

 

NET INCOME 

 

 

$28,413.00  

 

 

TOTAL MEMBERS 

 

 

1243  

 

 

TOTAL LOANS GRANTED FOR 2014  

 

 

578  

 

 

LOAN AMOUNT GRANTED FOR 2014  

 

 

$7,002,718.00  



 

 

 

          62 New members for 2014 


 

 

 

 

 

 

 

 

SERVICES 

 

 

    SAVING  ACCOUNTS 

 

 

     CERTIFICATE OF DEPOSIT 

 

 

    DEBIT CARD  PROGRAM 

 

 

    CASHIERS  CHECKS 

 

 

    NOTARY  PUBLIC 

 

    ACH DIRECT DEPOSIT 

 

    PERSONAL LOANS 

 

    AUTO,MOTORCYCLE,BOAT LOANS 100% FINANCING 

    E-STATEMENTS 

 

 

    FIREFIGHTERS SON OR DAUGHTER SCHOLARSHIPS 

 

 

    MASTERCARD PROGRAM 

 

 

PAYROLL DEDUCTIONS / ACH DIRECT DEPOSIT 

 

           CITY OF LAREDO 

        Fire Dept. RETIREES 

        LISD 

        UISD 

        Ambulance Services 

        LCC 

      U.S. Treasury 

 

     Webb County Fire 

 

     Laredo Medical Center 

    Any Employer with Direct Deposit 

 

 

 

 

 

 

 

 

MOBILE BANKING: 

 

 

IMPLEMENTATION STARTED IN 2014 SIGN UP 

 

 

Go to our website to Register; www.laredofirecreditunion.com 

 

 

 

 

 

SURVEY TO OPEN FIELD OF MEMBERSHIP TO THE FOLLOWING: 

 

 

A.     Parents of Fire Fighter 

 

 

B.           Parents of Spouse 

 

 

C.             Brothers and Sisters of Fire Fighter 

 

 

D.     Brothers and Sisters of Spouse 


 

 TOTAL MEMBERS AS OF 2014            1243 

SHARE FOR 2014 

 

 

 

SHARE ACCOUNTS 

1384 

$5,650,389.00 

 

SHARE DRAFTS ACCOUNTS 

 

158 

 

$57,562.00 

 

Debit Card Program 

 


CD ACCOUNTS 


140                      $3,747,820.09 


 

 

 

 

 

 

 

 

 

LFDFCU ASSETS HAVE INCREASED 

 

 

FROM  

 

$ 10,301,932.00 

 

2012  

 

 

$ 11,128,623.00 

 

2013  

 

 

$ 10,771,000.00 

 

2014  

 

 

AVERAGE ASSETS 

 

 

$ 10,949,812.00 

 

 

 

 

 

PROJECTED GROWTH IN ASSETS FOR 2015                               $ 442,809.00 


 

 

 

 

 

 

 

 

TOTAL PROJECTED ASSETS FOR 2015                                                $11,213,809.00 

 

 

TOTAL ASSETS FOR 2014                                                                        $   10,771,001.00 

 

LOANS 

 

$ 8,719,282.00 

 

DELNQT 

 

 

$ 81,379.00 

 

LOSSES 

 

 

$70,234.00 

 

SHARES 

 

 

$ 9,455,772.00 

 

OPERATING 

 

INCOME 

 

$ 691,310.00 

 

DIVIDENDS 

 

 

$ 126,994.00 

 

OPERATING 

 

EXPENSES 

 

$ 486,151.00 

 

PROVISION FOR LOAN LOSSES                                                                  $49,752.00 

 

 

NCUSIF STABILIZATION EXPENSE                                                              $    0 

 

 

 

 

TOTAL EXPENSES                                                                                       $  662,897.00 

 

 

 

 

 

NET INCOME                                                                                                  $28,413.00 

 

 

 

CLOSING  STATEMENT 

 

 

IN 2014 WE AWARDED 19 SCHOLARSHIPS FOR A TOTAL OF              $  9,500.00 

 

Total Scholarships Awarded since 2004 are 114 for aTotal of            $57,000.00 DRAWING FOR PRIZES 

  

Debit Card Program

debit card

Lobby Hours..

Monday - Friday
9:00 am to 5:00 pm
5002 Tesoro Plaza
Laredo, TX 78041        
Tel:  (956) 722-7841
Fax:  (956) 725-9643
  lfdfcu@bizlaredo.rr.com

 

 

Policies & Reports

2016 Annual Report

2015 Annual Report

2014 Scholarship Winners

2013 Scholarship Winners

2012 Scholarship Winners