54 Hispanic American-owned banks and credit unions, sorted by state

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Hispanic American-owned institutions 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

History of Hispanic American-owned banks

The first Hispanic American-owned banks in the mainland US were established in the 1960s, one of the first being Centinel Bank of Taos.

Hispanic American financial institutions were created to provide services to low-income and minority communities, particularly Hispanic American communities. Historically, Hispanic Americans have been affected by discriminatory lending practices like redlining and experienced limited economic opportunities to build wealth.

Hispanic American banks were founded in areas where minority communities lived. These financial institutions were able to connect with their local communities and fill the banking gap by addressing areas like language and culture.

In the late 1960s and early 1970s, the government began to develop programs and policies that could aid minority-owned banks and allow these institutions to continue serving underrepresented communities.

For instance, through Executive Order 11625, the government sought to establish a program that would strengthen minority banks. 

Legislation such as the Community Reinvestment Act also helped address the needs of underrepresented communities by requiring banks to meet their needs through services and products.

Hispanic American banks, much like other minority-owned banks, have gone through periods of growth and periods of decline.

Today, there are 54 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. These financial institutions continue to serve low-income and underrepresented communities.

Where to find Hispanic American-owned banks and credit unions in the US, including Puerto Rico and US Virgin Islands 

Alabama

None

Alaska

None 

Arizona

AEA Federal Credit Union

Branches: 3 (Yuma, Somerton, Parker)

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

Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, auto loans, recreational vehicle loans, personal loans, credit cards, mortgage loans, online banking, mobile banking

Community outreach: AEA Federal Credit Union is part of the Employee Jeans Giver Program; employees get to wear jeans if they donate $5 or $10. The Federal credit union also partners with local organizations and helps host events for the community. Read more here.

Read Insider’s full review of AEA Federal Credit Union here. 

Arkansas

None

California

Camino Federal Credit Union

Branches: 1 (Montebello)

ATMs: Camino has more than 30,000 surcharge-free ATMs available through the Co-Op Shared Network

Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, credit cards, auto loans, personal loans, home equity loans, mortgage loans, online banking, mobile banking

Read Insider’s full review of Camino Federal Credit Union here. 

First Imperial Credit Union

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

ATMs: over 30,000 surcharge-free ATMs through the Co-Op Shared Network

Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, auto loans, recreational vehicle loans, mortgage loans, home equity loans, unsecured loans, credit cards, online banking, digital wallet

Community outreach: First Imperial Credit Union has partnered with 18 local organizations. Read more here.

Read Insider’s full review of First Imperial Credit Union here. 

Sun Community Federal Credit Union

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

ATMs: Sun Community Federal ATMs available, plus over 30,000 surcharge-free ATMs available through the Co-Op ATM Network

Services: savings accounts, checking accounts, money market accounts, share certificates, credit cards, personal loans, auto loans, recreational vehicle loans, lines of credit, share secured loans, home equity loans, home equity line of credit, mortgage loans, commercial loans, online banking, mobile banking

Community outreach: Sun Community Federal Credit Union partners with local high schools and organizations. In the last few years, the credit has donated over $400,000 to 50 organizations. Read more here.

Read Insider’s full review of Sun Community Credit Union here. 

Union Yes Federal Credit Union

Branches: 1 (Orange County)

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

Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, auto loans, recreational vehicle loans, secured CDs, credit cards, personal loans, mortgage loans, home equity lines of credit, safe deposit boxes

Read Insider’s full review of Union Yes Federal Credit Union here. 

Colorado

None

Connecticut

None 

Delaware

None 

Florida

Banesco USA

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

ATMs: 55,000 ATMs worldwide and 43,000 ATMs in the US through the Allpoint ATM network

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, business banking, home equity loans, auto loans, boat loans, business loans, international banking, online banking, mobile banking

Community outreach: Banesco USA has worked with Junior Achievement to help promote financial literacy and education to K-12 students. It has also worked with Fundacion Comunitaria de Puerto Rico to help reconstruction efforts in Puerto Rico, as well as taken part in other local community efforts. Read more here.

Read Insider’s full review of Banesco USA here. 

Interamerican Bank

Branches: 5 (Miami, West Palm Beach)

ATMs: ATMs available in branches, plus Publix ATMs are free of charge

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, time deposit, individual retirement accounts, Visa credit card, Zelle, safe deposit boxes, business banking, mortgage loans, home equity lines of credit, construction loans, auto loans, unsecured lines of credit, commercial loans, telephone banking, online banking, mobile banking

Read Insider’s full review of Interamerican Bank here. 

International Finance Bank

Branches: 2 (Miami, New York)

ATMs: No ATM locations, 5 free out-of-network ATMs per month 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, mortgage loans, business lines of credit, commercial loans, construction loans, CD secured loans, international banking, online banking, mobile banking

Read Insider’s full review of International Finance Bank here. 

Ocean Bank

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

ATMs: Free ATMs at branches, plus Publix ATMs are free of charge

Services: savings account, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, home equity line of credit, home mortgage loans, auto loans, boat loans, CD-secured loans, debit cards, business banking, commercial loans, commercial letters of credit, international banking, online banking, mobile banking, text banking, Zelle

Read Insider’s full review of Ocean Bank here. 

Plus International Bank

Branches: 1 (Miami)

ATMs: None

Services: savings accounts checking accounts, certificates of deposit, money market accounts, personal loans, business banking, commercial loans

Read Insider’s full review of Plus International Bank here. 

Popular Bank

Branches: 39* (Florida, New Jersey, New York, see the full list here)

ATMs: 55,000 free ATMs through the Allpoint ATM network 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, credit cards, personal loans, home equity line of credit, mortgage loans, investment planning services, annuities, insurance options, educational planning services

Community outreach:  Popular Bank created the Popular Foundation, which has given over $2.5 million to local organizations focused on education, youth, health, elderly care, and community development. Read more here.

*Popular Bank has branches in Puerto Rico and the US Virgin Island, but these branches offer different products and services. Branches in Puerto Rico are listed as Banco Popular de Puerto Rico.

Read Insider’s full review of Popular Bank here. 

Sunstate Bank

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

ATMs: Can use any Sunstate Bank ATMs, Publix ATMs, or NYCE ATMs free of charge

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, debit cards, credit cards, Zelle, personal loans, mortgage loans, safe deposit boxes, business banking, business loans, international banking, online banking, mobile banking

Community outreach: Bank leadership and employees participate in their local communities focused on youth. Read more here.

Read Insider’s full review of Sunstate Bank here. 

US Century Bank

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

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

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, home mortgage loans, business banking, SBA loans, business lines of credit, CD secured loans, international banking, online banking, mobile banking, Zelle

Read Insider’s full review of US Century Bank 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 

Popular Bank

Branches: 39 (Florida, New Jersey, New York, see the full list here)*

ATMs: 55,000 free ATMs through the Allpoint ATM network 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, credit cards, personal loans, home equity line of credit, mortgage loans, investment planning services, annuities, insurance options, educational planning services

Community outreach: Popular Bank created the Popular Foundation, which has given over $2.5 million to local organizations focused on education, youth, health, elderly care, and community development. Read more here.

*Popular Bank has branches in Puerto Rico and the US Virgin Islands, but these branches offer different products and services. Branches in Puerto Rico are listed as Banco Popular de Puerto Rico.

Read Insider’s full review of Popular Bank here. 

Ponce Bank

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

ATMs: 13 (Plus any Citibank branch ATMs free of charge)

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts,  business banking, business loans, commercial real estate loans, personal loans, residential mortgage loans, construction loans, mobile banking, online banking, telephone banking

Read Insider’s full review of Ponce Bank here. 

New Mexico 

Community 1st Bank Las Vegas

Branches: 4 (Las Vegas, Mora)

ATMs: 4 (Las Vegas, Mora)

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, safe deposit boxes, debit cards, auto loans, recreational  vehicle loans, boat loans, motorcycle and ATV loans, farm equipment loans, home improvement loans, construction loans, home purchase loans, commercial loans, online banking, mobile banking, text banking

Read Insider’s full review of Community 1st Bank Las Vegas here. 

Centinel Bank of Taos

Branches: 1 (Taos)

ATMs: 2 (Taos)

Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, debit cards, Centinel MasterCard, consumer loans, real estate loans, mortgage loans, land loans, home equity lines of credit, auto loans, personal lines of credit, business banking, business loans, safe deposit boxes, online banking, mobile banking

Community outreach: Centinel Bank volunteers and donates to local organizations focused on environmental action and youth. 

Read Insider’s full review of Centinel Bank of Taos here. 

Guadalupe Credit Union

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

ATMs: Free ATMs at branch locations and through the Co-Op Shared Network and CU Anytime ATM Network

Services: checking accounts, savings accounts, share certificates, money market accounts, debit cards, auto loans, motorcycle loans, recreational vehicle loans, boat loans, credit cards, personal loans, mortgage loans, online banking, mobile banking

Community outreach: Guadalupe Credit Union works with local organizations and is involved in programs and events like the BizKid$ program and Christmas families projects. Read more here.

Read Insider’s full review of Guadalupe Credit Union here. 

Zia Credit Union

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

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

Services: savings accounts, checking accounts, share certificates, individual retirement accounts, Visa credit cards, home mortgage loans, auto loans, recreational vehicle loans, personal loans, personal lines of credit, online banking, mobile banking 

Community outreach: Through the Zia Education Foundation, the bank offers college scholarships to graduating high school students. Since 1999, the bank has given over $375,000 in scholarships. Read more here.

Read Insider’s full review of Zia Credit Union here. 

New York 

Ponce Bank

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

ATMs: 13 (Plus any Citibank branch ATMs free of charge)

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts,  business banking, business loans, commercial real estate loans, personal loans, residential mortgage loans, construction loans, mobile banking, online banking, telephone banking

Read Insider’s full review of Ponce Bank here. 

Popular Bank

Branches: 39 (Florida, New Jersey, New York, see the full list here)*

ATMs: 55,000 free ATMs through the Allpoint ATM Network 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, credit cards, personal loans, home equity line of credit, mortgage loans, investment planning services, annuities, insurance options, educational planning services

Community outreach:  Popular Bank created the Popular Foundation, which has given over $2.5 million to local organizations focused on education, youth, health, elderly care, and community development. Read more here.

*Popular Bank has branches in Puerto Rico and the US Virgin Islands, but these branches offer different products and services. Branches in Puerto Rico are listed as Banco Popular de Puerto Rico.

Read Insider’s full review of Popular Bank here. 

North Carolina 

Latino Community Credit Union

Branches: 16 ( Charlotte, Piedmont Triad, Triangle)

ATMs: Free access to over 1,300 Cashpoints ATMs

Services: savings accounts, checking accounts, share certificates, retirement accounts, credit cards, personal loans, secured loans auto loans, mortgage loans, immigration assistance loans, Dreamer loans, business banking, online banking, mobile banking

Community outreach: Latino Credit Union began the Latino Community Development Center to help Latino immigrants and low-income Latinos get a better understanding of financial literacy. Services are in English and Spanish and throughout all branches. There’s also a scholarship fund that has provided over $350,000 in scholarships to members. Read more here.

Read Insider’s full review of Latino Community Credit Union here. 

North Dakota 

None

Ohio 

None

Oklahoma 

Bank of Grand Lake

Branches: 2 (Grove, Langley)

ATMs: 3, plus any ATMs through the TransFund ATM network are surcharge-free

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, construction loans, home equity loans, home improvement loans, personal lines of credit, real estate loans, boat loans, recreational vehicle loans, auto loans, commercial loans, business banking, online banking, mobile banking

Read Insider’s full review of Bank of Grand Lake here. 

Oregon 

None

Pennsylvania 

None

Puerto Rico 

Banco Popular de Puerto Rico

Branches: 160 throughout Puerto Rico, see the full list here

ATMs: more than 600 free ATMs through Banco Popular de Puerto Rico

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, credit cards, online banking, mobile banking, personal loans, home equity line of credit, mortgage loans, investment planning services, annuities, insurance options, educational planning services

Community outreach: Banco Popular de Puerto Rico created the Popular Foundation, which has given over $2.5 million to local organizations focused on education, youth, health, elderly care, and community development. It also contributed $1 million to help communities that were affected after Hurricane Maria. Read more here.

*Banco Popular de Puerto Rico has branches in the mainland US and the US Virgin Islands, but these branches offer different products and services. These branches are listed as Popular Bank.

Read Insider’s full review of Banco Popular de Puerto Rico here. 

Banesco USA

Branches: 4 branches in Florida (Aventura, Coral Gables, Hialeah, Brickell, plus one more coming at the end of 2022 in Miami) and 1 branch in Puerto Rico 

ATMs: 55,000 ATMs worldwide and 43,000 ATMs in the US through the Allpoint ATM network 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, home equity loans, auto loans, boat loans, business loans, international banking, online banking, mobile banking

Community outreach: Banesco USA has worked with Junior Achievement to help promote financial literacy and education to K-12 students. They’ve also worked with Fundacion Comunitaria de Puerto Rico to help reconstruction efforts in Puerto Rico, as well as taken part in other local community efforts. Read more here.

Read Insider’s full review of Banesco USA here. 

Caribe Credit Union

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

ATMs: over 200 ATMs from the COOP24 Network, and over 80 ATMs through the ShareNet Network*

Services: savings accounts, checking accounts, share certificates, auto loans, personal loans, mortgage loans, boat loans, motorcycle loans, green loans, credit cards, business banking, business loans

*Up to 10 free ATM withdrawals, $1.00 charge once you exceed the free transaction limit

Read Insider’s full review of Caribe Credit Union here. 

FirstBank Puerto Rico

Branches: 78 throughout Puerto Rico,

ATMs: 445

Services: savings accounts, checking account, certificates of deposit, money market account, business banking, individual retirement accounts, debit cards, lines of credit, insurance offerings, personal loans, mortgage loans, auto loans, boat loans, fixed-term business loans, letters of credit, online banking, mobile banking

Community outreach: FirstBank Puerto Rico began the Think First, Think Green program, which focuses on environmental awareness. The program is in partnership with The Conservation Trust of Puerto Rico and Fundación Amigos de El Yunque. Read more here.

Read Insider’s full review of FirstBank Puerto Rico here. 

Oriental Bank

Branches: 46 throughout Puerto Rico, see the full list here

ATMs: more than 55,000 ATMs in the US, free ATMs in Puerto Rico available here.

Services: savings accounts, checking accounts, certificates of deposit, business banking, mortgage loans, auto loans, personal loans, credit cards, lines of credit, commercial loans,  individual retirement accounts, insurance offerings, corporate retirement plans, online banking, mobile banking

Community outreach: Through Manos Oriental, bank employees volunteer in local communities and participate in organizations like Canastas de Bendicion and Enactus Puerto Rico. Read more here.

Read Insider’s full review of Oriental Bank here. 

Puerto Rico Federal Credit Union

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

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

Services: savings account, checking accounts, share certificates, personal loans, credit cards, mortgage loans, auto loans, online banking

Read Insider’s full review of Puerto Rico Federal Credit Union here. 

VAPR Federal Credit Union

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

ATMs: VAPR Federal Credit Union ATMs are free, if you use other bank ATMs an additional charge will occur after the eleventh transaction

Services: savings accounts, checking accounts, share certificates, individual retirement accounts, credit cards,  personal loans, auto loans, mortgage loans, construction loans, online banking, mobile banking

Read Insider’s full review of VAPR Federal Credit Union here. 

Rhode Island 

None

South Carolina 

None

South Dakota 

None

Tennessee 

None

Texas

Bank of South Texas

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

ATMs: 55,000 through the Allpoint ATM network 

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, debit card, real estate loans, business loans, construction loans, online banking, mobile banking 

Community Outreach: Board members and employees participate in local charity runs. Read more here.

Read Insider’s full review of Bank of South Texas here. 

Border Federal Credit Union

Branches: 5 (Del Rio, Eagle Pass, Crystal City)

ATMs: 11 Free ATMs, plus access through Stripes Stores

Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, gift cards, debit cards, insurance options, volunteer income tax program, personal loans, business loans, home equity loans, unimproved land loans, COVID-19 relief loans

Community outreach: Border Federal Credit Union began a golf tournament, which has raised over $120,000 for college scholarships. It also has youth programs geared toward financial literacy and education.

Read Insider’s full review of Border Federal Credit Union here. 

Citizens State Bank

Branches: 2 (Roma, Rio Grande City)

ATMs: 2

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, personal loans, auto loans, home improvement loans, real estate loans, farm loans, business banking

Read Insider’s full review of Citizens State Bank here. 

CoastLife Community Credit Union

Branches: 7 (Corpus Christi, Portland)

ATMs: Free ATMs are available at branch locations and at 7-Eleven locations, see the full list here.

Services: savings accounts, checking accounts, share certificates, individual retirement accounts, gift cards, credit cards, debit cards, safe deposit boxes, mortgage loans, home equity loans, personal loans, auto loans, recreational vehicle loans, motorcycle loans, unsecured loans, student loans, insurance options, online banking, mobile banking

Read Insider’s full review of CoastLife Community Credit Union here. 

Commerce Bank

Branches: 167 throughout the state of Texas, see full list here*

ATMs: 282

Services: savings accounts, checking accounts, IBC cards, mortgage loans, loan options, insurance options, investment planning services, safe deposit boxes, night deposits

*Commerce Bank has branches outside of Laredo, but these branches offer different products and services. They also have different routing numbers and wiring numbers. These banks will be listed as International Bank of Commerce, Laredo; International Bank of Commerce, Brownsville; and International Bank of Commerce, Laredo. 

Read Insider’s full review of Commerce Bank here. 

Edinburg Teachers Credit Union

Branches: 1 (Edinburg)

ATMs: 3

Services: savings accounts, checking accounts, share certificates, individual retirement accounts, credit cards, auto loans, home loans,  revolving line of credit, boat loans, recreational vehicle loans, personal loans, online banking

Read Insider’s full review of Edinburg Teachers Credit Union here. 

evolve Federal Credit Union

Branches: 4 (El Paso)

ATMs: Access to 215 free ATMs located throughout El Paso and Las Cruces, plus 85,000 surcharge-free ATMs through Allpoint, Co-Op, and CU Anytime Shared Networks

Services: savings account, checking accounts, share certificates, money market accounts, individual retirement accounts, credit cards, personal loans, auto loans, mortgage loans, medical professional mortgage loans, insurance options, online banking, mobile banking

Community outreach: evolve Federal Credit Union created “evolving Kids of El Paso,” where the bank partners with local children’s organizations and hosts events. Read more here.

Read Insider’s full review of evolve Federal Credit Union here. 

Falcon International Bank

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

ATMs: 22

Services: savings account, checking accounts, certificates of deposit, money market accounts, business banking, online banking, mobile banking, mortgage loans, letters of credit, insurance offerings, individual retirement accounts, corporate retirement accounts, investment planning services, education planning services, estate planning services 

Community outreach: Falcon International Bank’s board members and employees volunteer in Leadership Laredo, South Texas Bank, Laredo WBCA, and more local organizations. Read more here.

Read Insider’s full review of Falcon International Bank here. 

Freedom Bank Savings Account

Branches: 3 (Freer, McAllen, Alamo), plus 2 openings in San Diego, Texas, and Edinburg, Texas in a date that’s yet to be announced

ATMs: 55,000 ATMs through Allpoint network

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, credit cards, home loans, auto loans, personal loans, unsecured loans, safe deposit boxes, business banking, mobile banking, online banking, telephone banking

Read Insider’s full review of Freedom Bank here. 

GECU Credit Union

Branches: 21 (El Paso)

ATMs: Access to over 32,000 surcharge-free ATMs through GECU or Co-Op Shared Network

Services: saving accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, personal loans, car loans, mortgage loans, home improvement loans, commercial loans, credit cards, debit cards, insurance options, business banking, business loans, Zelle, online banking, mobile banking

Community outreach: GECU Credit Union began the GECU Foundation, which provides scholarships and participates in local community events. The credit union also started a free financial literacy program. Read more here.

Read Insider’s full review of GECU Credit Union here. 

Gulf Coast Federal Credit Union

Branches: 4 (Corpus Christi, Alice, Portland)

ATMs: Free ATMs at branch locations, surcharge-free ATMs with Members First Credit Union, CC City Employees Credit Union, Star Credit Union, Rally Credit Union, and Stripes Stores

Services: checking accounts, savings accounts, share certificates, money market accounts, individual retirement accounts, credit cards, auto loans, boat loans, recreational vehicle loans, mortgage loans, home equity loans, land loans, shared secured loans, motorcycle loans, lines of credit, CD secured loans, insurance options, online banking, mobile banking

Read Insider’s full review of Gulf Coast Federal Credit Union here. 

International Bank of Commerce, Brownsville

Branches: 167 throughout the state of Texas, see the full list here*

ATMs: 282

Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, debit cards, gift cards, credit cards, mortgage loans, home equity lines of credit, home equity loans,  auto loans, boat loans, recreational vehicle loans,  insurance options, investment planning services, online banking, mobile banking

*International Bank of Commerce has branches outside of Brownsville, but these branches offer different products and services. They also have different routing numbers and wiring numbers. These banks will be listed as Commerce Bank; International Bank of Commerce, Laredo; and International Bank of Commerce, Zapata. 

Read Insider’s full review of International Bank of Commerce here. 

International Bank of Commerce, Laredo

Branches: 167 throughout the state of Texas, see the full list here*

ATMs: 282

Services: savings accounts, checking accounts, certificates of deposit, individual retirements accounts, debit cards, gift cards, credit cards, mortgage loans, home improvement loans, home equity lines of credit, home equity loans, auto loans, boat loans, recreational vehicle loans, insurance options, investment planning services, mobile banking, online banking

*International Bank of Commerce has branches outside of Laredo, but these branches offer different products and services. They also have different routing numbers and wiring numbers. These banks will be listed as Commerce Bank; International Bank of Commerce, Brownsville; and International Bank of Commerce, Zapata. 

Read Insider’s full review of International Bank of Commerce here. 

International Bank of Commerce, Zapata

Branches: 167 throughout the state of Texas, see the full list here*

ATMs: 282

Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, debit cards, gift cards, credit cards, mortgage loans, home equity lines of credit, home equity loans,  auto loans, boat loans, recreational vehicle loans,  insurance options, investment planning services, online banking, mobile banking

*International Bank of Commerce has branches outside of Zapata, but these branches offer different products and services. They also have different routing numbers and wiring numbers. These banks will be listed as Commerce Bank; International Bank of Commerce, Brownsville; and International Bank of Commerce, Laredo. 

Read Insider’s full review of International Bank of Commerce here. 

Laredo Federal Credit Union Savings Account

Branches: 3 (Laredo)

ATMs: 6

Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, debit cards, safe deposit boxes, discount tickets, mortgage loans, home equity loans, home improvement loans, auto loans, lot loans, consumer loans, shared secured loans, personal loans, online banking, mobile banking

Read Insider’s full review of Laredo Federal Credit Union here. 

La Joya Area Federal Credit Union

Branches: 2 (La Joya)

ATMs: Free ATMs at credit union locations and 500 surcharge-free ATMs at Stripes Stores

Services: savings accounts, checking accounts, share certificates, money market account, individual retirement accounts, personal loans, car loans, boat loans, motorcycle loans, share secured loans, certificate secured loans, home equity loans, home mortgage loans, land loans

Read Insider’s full review of La Joya Area Federal Credit Union here. 

Lone Star National Bank

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

ATMs: 56 offsite ATMs, plus all Allpoints ATMs are free of charge

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, gift cards, credit cards, personal loans, mortgage loans, auto loans, construction loans, lot loans, business banking, investment planning services, insurance options, online banking, mobile banking

Read Insider’s full review of Lone Star National Bank here. 

Members First Credit Union

Branches: 4 (Corpus Christi, Harlingen)

ATMs: over 55,000 free ATMs through the Allpoint ATM network

Services: savings accounts, checking accounts, money market accounts, business banking, certificates of deposit, individual retirement accounts, vehicle loans, Visa credit cards, home mortgage loans, home equity loans, personal loans, secured loans, online banking, mobile banking

Read Insider’s full review of Members First Credit Union here. 

Naft Federal Credit Union

Branches: 3 (Pharr, Harlingen)

ATMs: 13, plus members can use Co-op ATMs free of charge

Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, auto loans, personal loans, recreational vehicle loans, home equity loans, credit cards, online banking, mobile banking, Popmoney

Read Insider’s full review of Naft Federal Credit Union here. 

Rally Credit Union Basic Savings Account

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

ATMs: Rally Credit Union is part of the Co-Op Shared Network with over 30,000 ATM locations. 

Services:  savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, personal loans, home equity loans, mortgage loans, land loans, construction loans, land loans, auto loans, business banking, mobile banking, online banking

Read Insider’s full review of Rally Credit Union here. 

Rio Bank

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

ATMs: ATMs throughout Rio Grande Valley, plus 55,000 ATMs through the Allpoint network free of charge

Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, debit cards, credit cards, business banking, personal loans, mortgage investment services, business plans, investment planning services, online banking, mobile banking

Read Insider’s full review of Rio Bank here. 

River City Federal Credit Union

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

ATMs: ATMs available near branch locations, plus any of 30,000 ATMs through the Co-Op Shared Network are free of charge

Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, credit cards, personal loans, auto loans, recreational vehicle loans, boat loans, home mortgage loans, home equity loans, student loans, business banking, business loans, online banking, mobile banking

Community outreach:  The bank has partnered with Juntos Avanzamos, an organization that highlights credit unions that focus on serving Hispanic communities. River City Federal Credit Union makes a point to help people regardless of their citizenship status. Since 2018, the bank also began offering two annual college scholarships. Read more here.

Read Insider’s full review of River City Federal Credit Union here. 

Security First Credit Union

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

ATMs: Members can use Rio Grande Valley Credit Union or NAFT Federal Credit Union ATMs for free. Stripes Stores ATMs can also be used. 

Services: savings accounts, money management accounts, share certificates, individual retirement accounts, auto loans, mortgage loans, personal loans, credit cards, debit cards, business banking, insurance options, online banking, mobile banking

Community outreach: SecurityFirst Credit Union has an annual college scholarship program, which awards 5 high school students $1,000. Read more here.

Read Insider’s full review of Security First Credit Union here. 

SouthWest Heritage Credit Union

Branches: 5 (Odessa, Wink)

ATMs: 43

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, credit cards, home mortgage loans, auto loans, recreational vehicle loans, other consumer loans, business loans, real estate loans, mobile banking, online banking

Read Insider’s full review of Southwest Heritage Credit Union here. 

Texas National Bank

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

ATMs: 8, plus over 55,000 Allpoint ATMs free of charge

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, safe deposit boxes, personal loans, credit cards, mortgage loans, business banking, commercial loans

Community outreach: Board members and staff participate in local events including charity runs, local organization events, and youth events. Read more here.

Read Insider’s full review of Texas National Bank here. 

Zapata National Bank

Branches: 1 (Zapata)

ATMs: 2 (One at Zapata Branch, the other near Highway 83)

Services: savings accounts, checking accounts, money market accounts, business banking, personal loans, auto loans, farm loans, equipment loans, real estate loans, home equity loans, small business loans, SBA loans, letters of credit, lines of credit, online banking, mobile banking

Read Insider’s full review of Zapata National Bank here. 

Utah 

None

US Virgin Islands 

Popular Bank

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

ATMs: more than 20 free ATMs available in the Virgin Islands through Popular Bank

Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, credit cards, online banking, mobile banking, personal loans, home equity line of credit, mortgage loans, investment planning services, annuities, insurance options, educational planning services

Community outreach: Popular Bank created the Popular Foundation, which has given over $2.5 million to local organizations focused on education, youth, health, elderly care, and community development. It also contributed $1 million to help communities that were affected after Hurricane Maria. Read more here.

*Popular Bank has branches in the mainland US and Puerto Rico, but these branches offer different products and services. Branches in Puerto Rico are also listed as Banco Popular de Puerto Rico. 

Read Insider’s full review of Popular Bank here. 

Vermont 

None

Virginia 

None

Washington 

None

Washington DC 

IDB Global Federal Credit Union

Branches: 1 (Washington, DC)

ATMs: 28,000 free ATMS through Co-Op and Alliance One ATM Network 

Services: savings accounts, checking accounts, share certificates, debit cards, mortgage loans, auto loans, recreational vehicle loans, home equity loans, supplemental housing loans, share secured loans, consumer loans, education loans, Zelle, online banking, mobile banking, Apple pay

Read Insider’s full review of IDB Global Credit Union here. 

West Virginia 

None

Wisconsin 

None

Wyoming

None

Methodology: How did Personal Finance Insider choose the banks and credit unions on this list?

Personal Finance Insider chose Hispanic American banks from the FDIC’s second quarter 2022 list.

These banks are designated as “minority depository institutions” (MDIs) and FDIC insured. FDIC-insured banks protect your money and make sure that up to $250,000 is backed up in an individual bank account. 

According to the FDIC, an MDI is defined as “a federal insured depository institution for which (1) 51 percent or more of the voting stock is owned by minority individuals; or (2) a majority of the board of directors is minority and the community that the institution serves is predominantly minority.” 

We selected Hispanic American-owned credit unions from the National Credit Union Administration’s list of minority depository institutions which was also updated in September 2022. The NCUA has a slightly different definition for MDIs. 

For a credit union to be an MDI it must be federally insured and “a majority of its current members, its board of directors, and the community it services, as designated in its charter, fall within any of the eligible minority groups.” Minority groups considered are Black Americans, Native Americans, Hispanic Americans, or Asian Americans. 

From the NCUA’s Minority Depository Institutions List, we selected Hispanic American-owned credit unions that had at least 10,000 members. If our list doesn’t include a banking institution that’s near you, you may be able to find a smaller credit union on this list.

Frequently asked questions

Sophia Acevedo, CEPF

Banking Reporter

Sophia Acevedo is a banking reporter at Insider. She covers bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).
Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. She is based in Los Angeles. 
You can reach out to her on Twitter at @sophieacvdo or email [email protected].
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