How to Join

Though the Laredo Federal Credit Union was organized in 1954 to serve only teachers, over the years the field of membership has gradually expanded to include more of the local businesses, government agencies, and residents. The National Credit Union Administration has authorized LFCU to extend membership and service to all of Webb County. Anyone who lives in, works in, attends school in or worships in Webb County will be eligible for membership! LFCU is a community-wide credit union. Presently there are more than 20,000 members being served by LFCU.

Just call or visit either of LFCU’s four locations and visit with a Member Service Representative to join the credit union. LFCU is “easy to join and easy to use”! It’s part of our commitment: “People Helping People”.

Our Story

Mission Statement

Laredo Federal Credit Union’s mission is guided by moral and ethical principles of honesty and responsibility to provide its members efficient, courteous, caring and professional financial services.

Our History

On May 10, 1956, a group of teachers held a meeting to organize a federal credit union, Laredo Teachers Federal Credit Union. Membership was limited to employees of Laredo Independent School District, Webb County Schools, Laredo Junior College and the immediate family of those employees. By year-end, LTFCU had over 200 members.

The credit union became operating as a full-time facility in 1965. By April 1, 1979, the credit union purchased a building at 1119 Corpus Christi Street (Main Office). Membership had now grown to over 4,000.

In June of 1993, with membership growing over 8,000, LTFCU constructed and moved into its newly built  two-story building, located at 1119 Corpus Christi Street. In September 1993, with the guidance and support of the Board of Directors, LTFCU merged with Laredo Federal Employees Federal Credit Union and membership almost doubled to over 15,000.

In July 1997, with the City of Laredo growing at a fast pace and leeping up with the demand of membership, LTFCU opened  its office at 7114 McPherson Road with 7 drive-thru lanes and one ATM machine.

In December 1999, LTFCU became a community credit union expanding its potential for serving not only certain entities but everyone who lived, worshiped, attended school in, or worked in Webb County. This meant that more people could join the credit union and benefit from its services.

In November 2000, LTFCU expanded the McPherson office to become a branch offering all services to the members, including Real Estate Loans.

In August 2002, Laredo Teachers Federal Credit Union changed its name to properly represent its field of membership. The name was changed to Laredo Federal Credit Union.

In September 2006, Laredo Federal Credit Union opened a South Branch on 4420 Zapata Highway Suite 103 offering full service to our members.

In February 2009, LFCU continued its growth by opening a Mines Road Branch on 9505 Mines Road Suite 106 offering full service to our members.

In December 2010, LFCU purchased a property on 2110 Lowry Road and took possession in November 2011. This branch became LFCU’s third self-sustaining branch.

Laredo Federal Credit Union currently serves more  than 20,000 members and has over $130,000,000 in assets. Services offered include: savings, checking, money market, Share Certificates, IRA, Christmas Club, Instant Issued Debit Card, Money Orders, Safe Deposit Boxes (McPherson Office and Mines Road), Discount Tickets, E-Statements, Online Banking, and Bill Pay, Audio Response, Mobile Banking, Wire Transfers, Night Deposit Box (Main, McPherson, and Mines), 8 ATMs throughout Laredo (2 at Main, 2 at McPherson, 1 at South, and 2 at Mines, and 1 at Laredo Medical Center). We also provide a variety of loan services which include: Mortgage Loans, Home Improvement Loans, Home Equity Loans, Lot Loans, Consumer Loans, Auto Loans, Share Secured Loans, Christmas Loans, Back to School Loans and Vacation Loans.

Meet the Board

Graciela C. Botello – Chairperson

Mrs. Botello has served on the Board of Directors since 1995.  She has served as the Treasurer for the LFCU Board of Directors and is currently the Chairperson.  She retired 1998 from LISD, where she taught Accounting, Business Law, and International Business at J.W. Nixon High School.  Mrs. Botello earned her degree in Accounting and Economics from Our Lady of the Lake University in San Antonio, Texas.  She has served our community in various organizations such as Freedom’s Foundation, past President of Casa de Misericordia, lifetime member of the Laredo Medical Center Auxiliary, Women’s City Club, Blessed Sacrament Alter Society and High Hope.  Mrs. Botello and Raymond, her husband of 49 years, have five children and fifteen grandchildren.

Richard Perales – Vice Chairman

Mr. Perales has served as Board Director since 1990 and as Chairperson from 1999-2000. He worked as an Administrator for the United Independent School District for over twenty-years at United High School, Clark Middle School and Elementary Schools and most recently at Paciano Prada Elementary. Mr. Perales is currently Human Resource Manager for Texas Migrant Council, Inc. He received his BA and MA degrees from University of Texas Pan American.  In addition, Mr. Perales holds both Insurance and Real Estate Licenses from the State of Texas. Besides having been involved in various other boards such as the Laredo Children’s Museum, of which he was one of the founders, Kiwanis Club, Texas Association of Hispanic School Administrators, and CASA (court appointed special advocate). Mr. Perales also serves as an appointed member of the City of Laredo Traffic Committee.

Veronica G. Iniguez – Director

Mrs. Veronica (Betty) G. Iñiguez has been a member of Laredo Federal Credit Union since 1984.  Mrs. Iñiguez received a Bachelor of Science degree with a major in Computer Science and a minor in Business Administration from East Texas State University.  She holds a Masters degree in Occupational Education from Corpus Christi State University.  Mrs. Iñiguez retired after thirty years of service with Laredo Independent School District from Nixon High School.  She was the department head of the Career and Technical Department while at Nixon High School.  She has been a member of the LFCU Board of Directors since 1996 during which time she has served as Secretary.

Manuel C. Rios – Treasurer

For the past 39 years, Mr. Rios has been a professor of economics at Laredo Community College.  He holds a BBA degree in Finance and an MA degree in Economics from St. Mary’s University.  He is also a Texas licensed real estate broker and has been the principal broker and real estate appraiser for Best Realty since 1982.

In 2001 he was appointed to serve on the Supervisory Committee for the Tex-Mex Credit Union and in 2005 he was named Chairman of the Supervisory Committee.

In 2002, he was elected to serve on the Board of Directors of the Laredo Federal Credit Union and in 2013 he was appointed Treasurer and member of the Asset-Liability Committee.  In 2012, he was appointed by KLRN Television to serve on its Community Advisory Board.  On four separate occasions, he has been invited by the Universidad Nacional del Peru (Lima) to present a series of lectures in international and monetary economics, in Spanish. He has written four books in Economics and is a member of the Texas Community College Teachers Association and the prestigious Omicron Delta Epsilon International Honor Society in Economics. In 2008, he was awarded the School Bell Award for teaching excellence and in 2010 he was awarded the National Institute for Staff and Organizational Development (NISOD) award for excellence in teaching economics.

Eduardo Castillo – Director

Mr. Eduardo A. Castillo was born and raised in Laredo, Texas.  He is a proud graduate of United High School and furthered his education by receiving a Bachelor of Business Administration-Management from University of Texas at San Antonio.  Mr. Castillo later went on to study law at St. Mary’s University School of Law where he received a Juris Doctor degree in 2003.  While at St. Mary’s he had the opportunity to work for former Congressman Charlie Gonzalez and competed in Mock Trial tournaments across the nation.   As a result, he began his career as a felony prosecutor working for then, District Attorney Joe Rubio.  During his tenure, he had the opportunity to successfully prosecute many cases, including taking many cases to trial on behalf of victims.  He is now a local attorney practicing in a variety of different areas, throughout the State of Texas.  Mr. Castillo has been licensed by the State of Texas since 2003 and is also licensed to practice in Federal Court.  Despite his commitment to his practice, he also is committed to serving the Laredo community in different capacities.  In addition to his practice, Mr. Castillo serves as Chairman for the City of Laredo Planning and Zoning Commission and also serves as Chairman for the Webb County Civil Service Commission.  Although Mr. Castillo has received various recognitions for his legal work and for his dedication to the community, he continues to maintain his commitment and passion for both.

Cynthia Conchas – Secretary

Mrs. Cynthia Conchas has 43 years experience in public school education. Mrs. Conchas holds a Bachelor of Science degree in Elementary Education, a Master of Science degree in Bilingual Education, a Mid-Management Certificate, and has completed all course work towards her Superintendant’s Certification. She has been active in numerous community organizations such as the Laredo Commission for Women, the Laredo Chamber of Commerce Education Committee, Board of Directors for United Way of Laredo, and the Advisory Committee for Mercy Regional Medical Center. Mrs. Conchas has received many awards and special recognitions including Outstanding Elementary School Teacher of America, Teacher of the Year, Finalist for HEB Lifetime Principal of the Year, and recipient of Lulac #12 Tejano Achiever Award. She was named Golden Spurs “Madrina” and a J.W. Nixon High School “Mustang Legend”. Mrs. Conchas has served on the Board of Directors at LFCU since 1996.

Dr. Jacinto P. Juarez – Director

Juarez is dean emeritus and an instructor of Computer Information Systems at Laredo Community College.  He is a member of the U.S. Census National Advisory Council.He is a member of the Texas Institute for Health Care Quality and Efficiency Board of Directors and. a member of the City of Laredo Civil Service Commission.  He is chair of the Family and Consumer Sciences for the Texas Agrilife Extension Service, former board member and former vice chair of the Rio Grande International Study Center. He is a former board member of the Texas Department of State Health Services Council, former chair of the Texas Advisory Council for Technical-Vocational Education, and a past member of the Texas Health Information Council, Texas Statewide Health Coordinating Council, the White House Initiative on Educational Excellence for Hispanic Americans, the Planning and Zoning Commission of the City of Laredo, and the U.S. Census Bureau Race and Ethnic Advisory Committee. Juarez is a past city council member and former mayor pro-tem for the City of Laredo, a past board member of the South Texas Workforce Development Board, South Texas Private Industry Council, South Texas Development Council, the Laredo Development Foundation, Laredo Chamber of Commerce, and is former chair of the South Texas Sub-Area Health Council. He is also former chair and past board member of Junior Achievement of South Texas, and a past member of Gateway and Laredo Rotary Club, the International Good Neighbor Council, and Mi Laredo – Laredo Proud Committee.

Juarez received a bachelor’s degree from Texas A&M University (TAMU), a master’s degree in Education from TAMU at Kingsville, and a Doctorate of Education from TAMU at Commerce.

Lucia Guardiola – Director

Mrs. Guardiola has served on as a Director for the Laredo Federal Credit Union since 2013, prior to that she served in the Supervisory Committee since 2010. She is a graduate of Martin High School and studied at Laredo Community College.   Mrs. Guardiola has been employed with Federal government for over 30 years. With her carres with the federal government she has obtained several certifications in the field of International Trade and completed several management training. Mrs. Guardiola has served in several management positions in the Ports of Entry located in Nogales AZ, El Paso TX, Otay Meza, CA and Laredo, TX. In Laredo, she has served in several management capacity which include Branch Chief, Entry Operations, and currently serving as the Director for the Fines, Penalties, and Forfeitures Department for the Laredo Port of Entry. She is happily married Hector Guardiola and has one daughter Diana Laura.

Theme Park Tickets

2017 Consignment Ticket Prices for LFCU Members

Schiltterbahn Waterpark – New Braunfels, Texas

Adult – $53.00 (regular price $62.99)
Child: 3 to 11 – $42.00 (regular price $50.99)

Schiltterbahn Beach Waterpark – South Padre Island

Adult – $47.50 (regular price $56.28)
Child: 3 to 11 – $41.00 (regular price $45.95)

Six Flags Fiesta Texas – San Antonio, Texas

General Admission – $50.00 (regular price $74.99)

Wire Transfer

LFCU can wire money to any credit union, bank or other institution capable of receiving wires. Bank wires both in the U.S. and overseas. Western Union wires within the U.S. only.


  • Low Fees
  • Convenient and flexible. No delays in transfers in mail or otherwise.
  • Saves money when compared to competition’s products and services.

Instructions for incoming wire transfers are as follows:

Wire To: Catalyst Corporate Federal Credit Union – 6801 Parkwood Blvd., Plano, TX 75024-7198 – ABA # 311990511

To Further Credit: Laredo Federal Credit Union – Acct# 314985617

For Final Credit: Member Name & Member Account #