55 Hispanic American-Owned Banks and Credit Unions, Sorted by State
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Hispanic American-owned banks are a type of minority depository institution, or MDI. MDIs such as Hispanic American-owned banks help fight economic inequality by providing financial services such as banking and lending to underserved communities.
Business Insider’s personal finance team made a list of every Hispanic American-owned bank and several Hispanic American-owned credit unions by state so you can find a Hispanic American-owned financial institution that fits your needs.
Hispanic American-owned institutions by state, plus Puerto Rico and the U.S. 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 U.S. were established in the 1960s, one of the first being Centinel Bank of Taos.
Hispanic American-owned banks and credit unions were created to provide services to low-income and minority communities, particularly Hispanic American communities. Historically, Hispanic Americans have been affected by discriminatory
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.
Government support and legislation for Hispanic American-owned banks
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, such as Hispanic American-owned 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.
Current state of Hispanic American-owned banks
Hispanic American-owned banks, much like other minority-owned banks, have gone through periods of growth and periods of decline. In general, the number of FDIC-recognized Hispanic American-owned banks has been on the decline since around 2014. That being said, the financial assets of those banks have risen in the same time period.
Today, there are 55 Hispanic American-owned banks and credit unions that are FDIC or NCUA insured around the United States. These financial institutions continue to serve low-income and underrepresented communities.
Where to find Hispanic American-owned banks and credit unions in the U.S., including Puerto Rico and U.S. Virgin Islands
Alabama
None
Alaska
None
Arizona
None
Arkansas
None
California
Camino Federal Credit Union
Branches: 1 (Montebello)
ATMs: more than 30,000 surcharge-free ATMs through the CO-OP Shared Network
Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, credit cards, auto loans, recreational vehicle loans, motorcycle loans, personal loans, home equity loans, home equity lines of credit, mortgage loans, online banking, mobile banking, telephone banking
Community Commerce Bank
Branches: 3 (Claremont, Monterey Park, Tarzana)
ATMs: 0
Services: savings accounts, certificates of deposit, business loans, commercial real estate loans, church loans, SBA loans, online banking
Commercial Bank of California
Branches: 6 (Anaheim, Costa Mesa, Irvine, Los Angeles, Santa Monica)
ATMs: 0
Services: checking accounts, savings accounts, money market accounts, certificates of deposit, business banking, business loans, business lines of credit, equipment loans, construction loans, commercial real estate loans, SBA loans, online banking, mobile banking, Zelle
First Imperial Credit Union
Branches: 4 (El Centro, Brawley, Calexico, Imperial)
ATMs: 6 (El Centro, Brawley, Calexico, Imperial), plus 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 lines of credit, unsecured loans, signature loans, lines of credit, credit cards, online banking, digital wallet
Community outreach: First Imperial Credit Union has partnered with several local organizations.
Sun Community Federal Credit Union
Branches: 8 (Brawley, Calexico, Calipatria, El Centro, Holtville, Imperial, Indio, Palm Springs)
ATMs: 5 (Brawley, Calexico, El Centro, Imperial), plus over 30,000 surcharge-free ATMs available through the CO-OP ATM Network
Services: savings accounts, checking accounts, money market accounts, share certificates, debit cards, credit cards, personal loans, auto loans, recreational vehicle loans, lines of credit, signature loans, credit builder loans, 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 $500,000 to 50+ organizations.
Union Yes Federal Credit Union
Branches: 1 (Orange County)
ATMs: 3 (Orange County, Paramount, Whittier) and over 30,000 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, debit cards, credit cards, personal loans, mortgage loans, insurance products, safe deposit boxes, online banking, mobile banking
Colorado
None
Connecticut
None
Delaware
None
Florida
Anchor Bank
Branches: 5 (Boca Raton, Coral Gables, Hallandale Beach, Lake Worth, Palm Beach Gardens)
ATMs: 5 (Boca Raton, Coral Gables, Hallandale Beach, Lake Worth, Palm Beach Gardens) and all ATMs in Publix Presto!, Citibank, Bank of America, and Fifth Third Bank networks
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, mortgages, construction loans, home equity lines of credit, personal loans, debit cards, credit cards, online banking, mobile banking
Banesco USA
Branches: 6 (Aventura, Coral Gables, Hialeah, Miami, West Palm Beach)
ATMs: 55,000 ATMs worldwide through the Allpoint ATM network
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, business banking, home equity loans, auto loans, small business loans, commercial real estate loans, international banking, online banking, mobile banking
Community outreach: Banesco USA has worked with several organizations, such as Junior Achievement and Kapow, to help promote financial literacy and education. It has also worked with organizations such as Lendreams and Survivor Pathway to help reconstruction efforts in Puerto Rico, as well as taken part in other local community efforts.
Interamerican Bank
Branches: 5 (Hialeah, Miami, West Palm Beach)
ATMs: 5 (Hialeah, Miami West Palm Beach), plus ATMs in the Publix Presto! network
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, time deposit, individual retirement accounts, credit cards, 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
International Finance Bank
Branches: 4 (Aventura, Miami, Tampa)
ATMs: 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, commercial real estate loans, construction loans, CD secured loans, international banking, online banking, mobile banking
Ocean Bank
Branches: 23 (Aventura, Coral Gables, Doral, Fort Lauderdale, Hialeah, Miami, Miami Beach, Miami Lake, Orlando, Pinecrest, West Miami, Weston)
ATMs: 29 (Aventura, Coral Gables, Doral, Fort Lauderdale, Hialeah, Miami, Miami Beach, Miami Lake, Opa Locka, Orlando, Pinecrest, West Miami, Weston) and any ATM in the Publix Presto! ATM network
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, small business loans, commercial loans, commercial real estate loans, commercial letters of credit, international banking, online banking, mobile banking, text banking, Zelle
Popular Bank
Branches: 12 (Aventura, Coral Gables, Doral, Fort Lauderdale, Hialeah, Miami, Miami Beach, Miami Lakes, North Miami, North Miami Beach, Sunrise)
ATMs: 11 (Aventura, Coral Gables, Doral, Fort Lauderdale, Miami, Miami Beach, Miami Lakes, North Miami, North Miami Beach, Sunrise) and 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, debit cards, 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 $6.5 million to local organizations focused on education, youth, health, elderly care, and community development.
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.
Sunstate Bank
Branches: 3 (Coral Gables, Miami, West Miami)
ATMs: 3 (Coral Gables, Miami, West Miami) and any Publix Presto! ATMs
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, debit cards, credit cards, Zelle, home equity lines of credit, 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.
U.S. Century Bank
Branches: 10 (Aventura, Coral Gables, Hialeah, Miami, Miami Lakes, Hollywood)
ATMs: Any ATM in the U.S. Century Bank, CUHere, NYCE, SUM, Mastercard, and Pulse networks
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, credit cards, debit cards, home mortgage loans, business banking, small business loans, business lines of credit, commercial real estate loans, international banking, online banking, mobile banking, Zelle
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: 4 (Elizabeth, Newark, Perth Amboy, West New York)
ATMs: 4 (Elizabeth, Neward, Perth Amboy, West New York) and 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, debit cards, 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 $6.5 million to local organizations focused on education, youth, health, elderly care, and community development.
Popular Bank has branches in Puerto Rico and the U.S. Virgin Islands, but these branches offer different products and services. Branches in Puerto Rico are listed as Banco Popular de Puerto Rico.
Ponce Bank
Branches: 1 (Union City)
ATMs: All Ponce Bank, MoneyPass, and Citibank Branch ATMs
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, business loans, commercial real estate loans, construction loans, personal loans, residential mortgage loans, home equity lines of credit, mobile banking, online banking, telephone banking
New Mexico
Community 1st Bank Las Vegas
Branches: 4 (Las Vegas, Mora)
ATMs: 3 (Las Vegas, Mora)
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, safe deposit boxes, ATM cards, 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
Centinel Bank of Taos
Branches: 3 (Taos)
ATMs: 5 (Taos)
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, health savings accounts, individual retirement accounts, debit cards, credit cards, consumer loans, real estate loans, mortgage loans, land loans, home equity loans, auto loans, personal lines of credit, business banking, business loans, safe deposit boxes, online banking, mobile banking, telephone banking
Community outreach: Centinel Bank volunteers and donates to local organizations.
Guadalupe Credit Union
Branches: 7 (Santa Fe, Espanola, Las Vegas, Mora, El Prado), plus any branch in the shared branch network
ATMs: 6 (Santa Fe, Espanola, Las Vegas, Mora) and ATMs in the CO-OP Shared network and CU Anytime ATM network
Services: checking accounts, savings accounts, share certificates, money market accounts, debit cards, credit cards, auto loans, motorcycle loans, recreational vehicle loans, boat loans, personal loans, signature loans, share-secured loans, mortgage loans, home equity lines of credit, 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.
Zia Credit Union
Branches: 3 (Los Alamos, Espanola, Santa Fe), plus shared branches through the CO-OP Shared Branch network
ATMs: Free ATMs from CO-OP Shared Network and CU Anytime
Services: savings accounts, checking accounts, share certificates, individual retirement accounts, debit cards, credit cards, home mortgage loans, home equity lines of credit, 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 $415,000 in scholarships.
New York
International Finance Bank
Branches: 1 (New York City)
ATMs: 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, commercial real estate loans, construction loans, CD secured loans, international banking, online banking, mobile banking
Ponce Bank
Branches: 13 in New York (Astoria, Bronx, Brooklyn, Forest Hills, Jackson Heights, New York)
ATMs: All Ponce Bank, MoneyPass, and Citibank Branch ATMs
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, home equity lines of credit, construction loans, mobile banking, online banking, telephone banking
Popular Bank
Branches: 23 (Astoria, Bronx, Brooklyn, Elmhurst, Forest Hills, New York, Ridgewood)
ATMs: 20 (Astoria, Bronx, Brooklyn, Elmhurst, New York, Ridgewood) and 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, debit cards, 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 $6.5 million to local organizations focused on education, youth, health, elderly care, and community development.
Popular Bank has branches in Puerto Rico and the U.S. Virgin Islands, but these branches offer different products and services. Branches in Puerto Rico are listed as Banco Popular de Puerto Rico.
North Carolina
Latino Community Credit Union
Branches: 15 (Carrboro, Charlotte, Durham, Fayetteville, Garner, Greensboro, High Point, Monroe, Raleigh, Winston Salem)
ATMs: Free access to over 1,300 Cashpoints ATMs
Services: savings accounts, checking accounts, money market accounts, share certificates, retirement accounts, debit cards, 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 has provided $1.9 billion worth of loans to Latino and local communities who traditionally do not have access to financial services. It also helms several community programs, such as a financial education program and a scholarship fund.
North Dakota
None
Ohio
None
Oklahoma
Bank of Grand Lake
Branches: 2 (Grove, Langley)
ATMs: 3 (Grove, Langley), plus any ATMs through the MoneyPass ATM network are surcharge-free
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, construction loans, home 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
Oregon
None
Pennsylvania
None
Puerto Rico
Banco Popular de Puerto Rico
Branches: Over 130 throughout Puerto Rico, see the full list here
ATMs: More than 550 free ATMs through Banco Popular de Puerto Rico
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, debit cards, credit cards, online banking, mobile banking, international banking, personal loans, mortgage loans, investment planning services, insurance options, educational planning services
Community outreach: Banco Popular de Puerto Rico created the Popular Foundation, which has given over $6.5 million to local organizations focused on education, youth, health, elderly care, and community development.
Banco Popular de Puerto Rico has branches in the mainland U.S. and the U.S. Virgin Islands, but these branches offer different products and services. These branches are listed as Popular Bank.
Banesco USA
Branches: 1 (Hato Rey)
ATMs: 55,000 ATMs worldwide 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 Fundación Comunitaria de Puerto Rico to help reconstruction efforts in Puerto Rico, as well as taken part in other local community efforts.
Caribe Credit Union
Branches: 4 in Puerto Rico (Guaynabo, Ponce, San Juan)
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, ATM cards, credit cards, college fund & retirement loans, business banking, business loans, commercial real estate loans, commercial lines of credit, investments, insurance, online banking, mobile banking, telephone banking
FirstBank Puerto Rico
Branches: 57 throughout Puerto Rico
ATMs: 310 throughout Puerto Rico
Services: savings accounts, checking accounts, certificates of deposit, money market account, business banking, individual retirement accounts, debit cards, credit cards, insurance offerings, personal loans, mortgage loans, auto loans, fixed-term business loans, online banking, mobile banking
Community outreach: FirstBank Puerto Rico supports small business owners through loans to small businesses totaling $746 million. It also helps finance affordable housing, supports habitat for humanity, and grants community development loans.
Nave Bank
Branches: 0 (online-only)
ATMs: 0
Services: savings accounts, business banking, business loans
Nave Bank is currently only available for businesses, and has a waitlist to join. It plans to offer consumer services in the future.
Oriental Bank
Branches: over 40 throughout Puerto Rico, see the full list here
ATMs: ATMs throughout Puerto Rico and more than 55,000 ATMs in the U.S. through the Allpoint network
Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, business banking, mortgage loans, auto loans, personal loans, credit cards, commercial loans, insurance offerings, investments, 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.
Puerto Rico Federal Credit Union
Branches: 4 in Puerto Rico (Aguadilla, Caparra, Manatí, Quebradillas)
ATMs: Free ATMS through ATH, NYCE, COOP24, and CIRRUS networks
Services: savings account, checking accounts, share certificates, personal loans, ATM cards, credit cards, mortgage loans, auto loans, online banking, mobile banking, financial education programs
VAPR Federal Credit Union
Branches: 5 in Puerto Rico (Guayama, San Juan)
ATMs: 2 (Guayama, San Juan); other bank ATMs are free for the first 10 transactions
Services: savings accounts, checking accounts, share certificates, individual retirement accounts, debit cards, credit cards, personal loans, auto loans, mortgage loans, lines of credit, online banking, mobile banking, telephone banking
Rhode Island
None
South Carolina
None
South Dakota
None
Tennessee
None
Texas
Bank of South Texas
Branches: 6 (Edinburg, Hebbronville, Kingsville, McAllen, Mission, Pharr)
ATMs: 6 (Edinburg, Hebbronville, Kingsville, McAllen, Mission, Pharr) and 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, credit cards, real estate loans, business loans, construction loans, online banking, mobile banking, Zelle
Community Outreach: Board members and employees participate in local charity runs.
Border Federal Credit Union
Branches: 5 (Del Rio, Eagle Pass, Crystal City)
ATMs: 11 (Del Rio, Eagle Pass, Crystal City), plus access through the Stripes network
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, auto loans, recreational vehicle loans, credit builder loans
Community outreach: Border Federal Credit Union leads the Border FCU Scholarship program, which has awarded $200,000 to students in local communities.
Citizens State Bank
Branches: 2 (Roma, Rio Grande City)
ATMs: 2 (Roma, Rio Grande City)
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, construction loans, online banking
CoastLife Community Credit Union
Branches: 10 (Alice, Corpus Christi, Kingsville, Portland)
ATMs: 10 (Alice, Corpus Christi, Kingsville, Portland) and any ATM in the 7-Eleven network
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, credit builder loans, investments, online banking, mobile banking, telephone banking
Commerce Bank
Branches: 3 (Laredo), along with 163 other branches throughout Texas and Oklahoma through parent company*
ATMs: 256 ATMs throughout Texas and Oklahoma
Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, ATM cards, debit cards, credit cards, mortgage loans, home equity loans, home equity lines of credit, home improvement loans, personal loans, auto loans, boat loans, recreational vehicle loans, motorcycle loans, business banking, small business loans, commercial loans, insurance options, investment planning services, international banking, online banking, mobile banking
*Commerce Bank is part of the International Bancshares Corporation, alongside International Bank of Commerce. International Bank of Commerce 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, Brownsville; International Bank of Commerce, Laredo; and International Bank of Commerce, Zapata.
Edinburg Teachers Credit Union
Branches: 1 (Edinburg)
ATMs: 1 (Edinburg)
Services: savings accounts, checking accounts, share certificates, individual retirement accounts, debit cards, credit cards, auto loans, revolving line of credit, signature loans, share-secured loans, boat loans, recreational vehicle loans, motorcycle loans, personal loans, insurance products, online banking
evolve Federal Credit Union
Branches: 6 (El Paso)
ATMs: 7 (El Paso) and any of the 85,000+ ATMs in the Allpoint, CU Anytime, and CO-OP ATM networks
Services: savings account, checking accounts, share certificates, money market accounts, individual retirement accounts, debit cards, personal loans, auto loans, mortgage loans, medical professional mortgage loans, insurance options, investment services, 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.
Falcon International Bank
Branches: 18 (Buda, Brownsville, Del Rio, Eagle Pass, Laredo, McAllen, San Antonio, Zapata)
ATMs: 24 (Buda, Brownsville, Del Rio, Eagle Pass, Laredo, McAllen, San Antonio, San Marcos)
Services: savings account, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, business banking, online banking, mobile banking, mortgage loans, letters of credit, insurance offerings, corporate retirement accounts, investment planning services, education planning services, estate planning services
Community outreach: Falcon International Bank’s board members and employees volunteer in Habitat for Humanity, South Texas Food Bank, Laredo WBCA, and more local organizations.
Freedom Bank
Branches: 4 (Alamo, Freer, McAllen, San Diego)
ATMs: 55,000 ATMs through Allpoint network
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, credit cards, home loans, auto loans, recreational vehicle loans, CD-secured loans, personal loans, unsecured loans, safe deposit boxes, business banking, commercial loans, mobile banking, online banking, telephone banking, Zelle
GECU Credit Union
Branches: 27 (El Paso)
ATMs: 22 (El Paso) and over 32,000 surcharge-free ATMs through the CO-OP Shared network
Services: saving accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, personal loans, car loans, mortgage loans, home equity loans, commercial loans, credit cards, debit cards, insurance options, investment options, business banking, business loans, Zelle, online banking, mobile banking
Community outreach: GECU Credit Union began the GECU Foundation, which provides financial assistance to community-focused organizations and participates in local community events. The credit union also started a free financial literacy program.
Gulf Coast Federal Credit Union
Branches: 6 (Alice, Corpus Christi, McAllen, Port Aransas, Portland)
ATMs: 6 (Alice, Corpus Christi, McAllen, Port Aransas, Portland)
Services: checking accounts, savings accounts, share certificates, money market accounts, individual retirement accounts, debit cards, credit cards, auto loans, boat loans, recreational vehicle loans, motorcycle loans, mortgage loans, home equity loans, land loans, personal loans, signature loans, shared secured loans, motorcycle loans, lines of credit, CD secured loans, insurance options, online banking, mobile banking
International Bank of Commerce, Brownsville
Branches: 166 throughout Texas and Oklahoma, see the full list here*
ATMs: 256 throughout Texas and Oklahoma
Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, ATM cards, debit cards, credit cards, personal loans, mortgage loans, home equity lines of credit, home equity loans, home improvement loans, auto loans, boat loans, recreational vehicle loans, motorcycle loans, insurance options, investment planning services, international banking, 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.
International Bank of Commerce, Laredo
Branches: 166 throughout Texas and Oklahoma*
ATMs: 256 throughout Texas and Oklahoma
Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, ATM cards, debit cards, credit cards, personal loans, mortgage loans, home equity lines of credit, home equity loans, home improvement loans, auto loans, boat loans, recreational vehicle loans, motorcycle loans, insurance options, investment planning services, international banking, online banking, mobile 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.
International Bank of Commerce, Zapata
Branches: 166 throughout Texas and Oklahoma*
ATMs: 256 throughout Texas and Oklahoma
Services: savings accounts, checking accounts, certificates of deposit, individual retirement accounts, ATM cards, debit cards, credit cards, personal loans, mortgage loans, home equity lines of credit, home equity loans, home improvement loans, auto loans, boat loans, recreational vehicle loans, motorcycle loans, insurance options, investment planning services, international banking, 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.
Laredo Federal Credit Union
Branches: 3 (Laredo)
ATMs: 3 (Laredo)
Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, debit cards, mortgage loans, home equity loans, home improvement loans, auto loans, boat loans, recreational vehicle loans, motorcycle loans, signature loans, share secured loans, lot loans, consumer loans, shared secured loans, personal loans, online banking, mobile banking
La Joya Area Federal Credit Union
Branches: 2 (La Joya, Palmview)
ATMs: 2 (La Joya, Palmview) and over 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, signature loans, home equity loans, home mortgage loans, land loans
Lone Star National Bank
Branches: 38 (Alton, Brownsville, Edinburg, Harlingen, Hidalgo, McAllen, Mission, Palmview, Pharr, Port Isabel, Rio Grande City, Roma, San Antonio, South Padre Island, Weslaco)
ATMs: 34 (Alton, Brownsville, Edinburg, Harlingen, Hidalgo, McAllen, Mission, Palmview, Pharr, Port Isabel, Rio Grande City, Roma, San Antonio, South Padre Island, Weslaco) onsite ATMs, several offsite ATMs, and over 55,000 ATMs in the Allpoint network
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, gift cards, debit cards, credit cards, personal loans, signature loans, mortgage loans, home equity loans, auto loans, construction loans, lot loans, business banking, business loans, investment planning services, insurance options, online banking, mobile banking, Zelle
Members First Credit Union
Branches: 4 (Corpus Christi, Harlingen)
ATMs: over 55,000 ATMs through the Allpoint ATM network
Services: savings accounts, checking accounts, money market accounts, business banking, certificates of deposit, individual retirement accounts, vehicle loans, motorcycle loans, recreational vehicle loans, boat loans, student loans, debit cards, credit cards, home mortgage loans, home equity loans, personal loans, secured loans, insurance options, online banking, mobile banking
Naft Federal Credit Union
Branches: 3 (Harlingen, Pharr)
ATMs: 13 (Brownsville, Edinburg, Harlingen, McAllen, Mission, Pharr, San Benito, Weslaco) and any ATM in the CO-OP ATM network
Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, auto loans, personal loans, boat loans, motorcycle loans, recreational vehicle loans, debit cards, credit cards, online banking, mobile banking, safe deposit boxes, Popmoney
Rally Credit Union
Branches: 22 (Aransas Pass, Beeville, Brownsville, Calallen, Corpus Christi, Edinburg, Kingsville, McAllen, Mission, Palmhurst, Pharr, Portland, Rockport, Weslaco), along with over 5,000 branches as part of the CO-OP shared branching network
ATMs: Any ATM in the CO-OP ATM network
Services: savings accounts, checking accounts, share certificates, money market accounts, individual retirement accounts, debit cards, personal loans, home equity loans, mortgage loans, land loans, construction loans, auto loans, signature loans, lines of credit, business banking, business loans, mobile banking, online banking, telephone banking
Rio Bank
Branches: 17 (Brownsville, Edcouch, Edinburg, Elsa, Harlingen, McAllen, Palmview, Rio Grande City, Roma, San Antonio, San Juan, Weslaco)
ATMs: 17 (Brownsville, Edcouch, Edinburg, Elsa, Harlingen, McAllen, Palmview, Rio Grande City, Roma, San Juan, Weslaco) and any ATM in the Chase Bank and Allpoint ATM networks
Services: savings accounts, checking accounts, certificates of deposit, money market accounts, individual retirement accounts, debit cards, credit cards, business banking, business loans, personal loans, mortgage loans, investment services, online banking, mobile banking, Zelle
River City Federal Credit Union
Branches: 6 (San Antonio) and any branch in the CO-OP shared branch network
ATMs: 7 (San Antonio) and any ATM in the CO-OP shared ATM network
Services: savings accounts, checking accounts, money market accounts, share certificates, individual retirement accounts, debit cards, credit cards, personal loans, auto loans, recreational vehicle loans, boat loans, motorcycle loans, home mortgage loans, home equity loans, student loans, business banking, business loans, business lines of credit, commercial real estate 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.
Security First Credit Union
Branches: 9 (Brownsville, Edinburg, Harlingen, McAllen, Mission, Pharr, San Benito, Weslaco)
ATMs: Any ATM owned by Rio Grande Valley Credit Union or Naft Credit Union
Services: checking accounts, savings accounts, money management accounts, share certificates, individual retirement accounts, auto loans, mortgage loans, home equity loans, personal loans, unsecured loans, credit cards, debit cards, business banking, insurance options, online banking, mobile banking, telephone banking
Community outreach: SecurityFirst Credit Union has an annual college scholarship program, which awards 9 high school students $1,000.
Southwest Heritage Credit Union
Branches: 5 (Odessa, Wink)
ATMs: 34 (Allen, Alpine, Andrews, Big Spring, Greenwood, Kermit, Lubbock, Midland, Monahans, Odessa, Pecos, Wink)
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, debit cards, credit cards, home mortgage loans, home equity loans, construction loans, land loans, auto loans, recreational vehicle loans, signature loans, share secured loans, consumer loans, business loans, business lines of credit, commercial real estate loans, mobile banking, online banking
Texas National Bank
Branches: 11 (Brownsville, Edinburg, Elsa, McAllen, Mercedes, Mission, San Juan, Weslaco)
ATMs: 18 (Brownsville, Edinburg, Elsa, McAllen, Mercedes, Mission, San Benito, San Juan, Weslaco), plus over 55,000 ATMs in the Allpoint ATM network
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, safe deposit boxes, personal loans, auto loans, boat loans, recreational vehicle loans, debit cards, credit cards, mortgage loans, lot loans, construction loans, business banking, commercial loans, international banking, online banking, mobile banking, Zelle
Community outreach: Board members and staff participate in local events including charity runs, local organization events, and youth events.
Zapata National Bank
Branches: 1 (Zapata)
ATMs: 2 (Zapata)
Services: savings accounts, checking accounts, money market accounts, business banking, debit cards, credit cards, personal loans, unsecured loans, share secured loans, auto loans, farm loans, equipment loans, real estate loans, home equity loans, small business loans, letters of credit, lines of credit, online banking, mobile banking, telephone banking
Utah
None
U.S. Virgin Islands
Popular Bank
Branches: 9 (St. Croix, St. Thomas, Tortola, Virgin Gorda)
ATMs: 23 (St. Croix, St. John, St. Thomas, Tortola, Virgin Gorda)
Services: savings accounts, checking accounts, money market accounts, certificates of deposit, individual retirement accounts, debit cards, 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 $6.5 million to local organizations focused on education, youth, health, elderly care, and community development.
Popular Bank has branches in the mainland U.S. and Puerto Rico, but these branches offer different products and services. Branches in Puerto Rico are also listed as Banco Popular de Puerto Rico.
Vermont
None
Virginia
None
Washington
None
Washington, DC
IDB Global Credit Union
Branches: 1 (Washington, DC)
ATMs: 1 (Washington, DC) and 28,000 free ATMS through CO-OP and Alliance One ATM networks
Services: savings accounts, checking accounts, share certificates, debit cards, credit cards, personal loans, mortgage loans, auto loans, lines of credit, home equity loans, supplemental housing loans, share secured loans, consumer loans, education loans, Zelle, online banking, mobile banking
West Virginia
None
Wisconsin
None
Wyoming
None
Hispanic American-owned banks and credit unions are impactful to Hispanic American communities because many of these institutions embrace more than one language and culture.
Russell D. Kashian, an economics professor at the University of Wisconsin-Whitewater and director of the Fiscal and Economic Research Center, has studied the role of heritage among Hispanic American-owned banks.
Some of Kashian’s research has found that Hispanic American-owned banks are culturally diverse. Depending on their Hispanic heritage and what their communities’ specific needs are, these businesses can relate to the culture and support their needs economically.
In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You’ll also see that they have international banking or transfer services, which can be ideal for people who need to send money to their families if they live in another country, says Kashian.
Examples of Hispanic American-owned banks’ services and outreach
A few of the Hispanic American-owned banks on our list, like River City Credit Union and Guadalupe Credit Union, tackle issues of citizenship status by working with the national program Juntos Avanzamos.
Juntos Avanzamos allows bank members to use foreign identification to open a bank account if they aren’t U.S. citizens, which helps banks with immigrant and U.S. non-citizen customers. It also offers products that allow individuals to build credit.
Kashian also says that minority-owned businesses also have a purpose beyond their services and products.
“It is providing a vision for young people on what they can do with their lives,” said Kashian. “The other important thing is that it provides job opportunities within a community and entry-level jobs.”
When it comes to minority depository institutions, Kashian says that several train and promote within, creating a funnel toward leadership positions and banking that reflects its community.
Economic contributions of Hispanic American-owned banks
According to 2023 research conducted by the UCLA Latino Policy and Politics Institute, Latino and Black applicants were also less likely to be approved for a conventional loan compared to white and Asian applicants. Furthermore, when they are approved, they are more likely to be offered a high-cost loan or denied a mortgage.
Pablo DeFilippi, executive vice president of the Inclusiv Network, also points out that often Latino immigrants do not have a credit record, and because of that, they experience disadvantages in receiving certain banking products and services.
“They’re not given the opportunity to build it, it’s almost like a Catch-22. The banks can’t give you a loan because you don’t have a credit history, but you can’t have a credit history without a loan,” adds DeFilippi.
Hispanic American-owned banks and credit unions are vital for minority communities. As minority depository institutions, Hispanic American-owned banks serve an integral role for minority communities and help underrepresented individuals fulfill their economic needs.
In 2019, the FDIC released a study that analyzed how MDIs serve minority, low- and moderate-income communities. Results from the study found that Hispanic Americans made up a greater percentage of those who took out home loans or small business loans at Hispanic American banks in comparison to non-minority banks.
Hispanic American-owned banks FAQs
There are 30 Hispanic American-owned banks in the United States. There are also over 20 credit unions with over 10,000 members that are Hispanic American-led institutions.
Banco Popular de Puerto Rico and International Bank of Commerce are two of the largest Hispanic American-owned banks in the continental United States and Puerto Rico. Banco Popular de Puerto Rico has over 130 branches and more than 55 free ATMs. International Bank of Commerce has over 163 branches and more than 256 ATMs.
MDI institutions offer many of the same accounts and services that larger banking institutions offer. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. You can also get a loan or an individual retirement account. Some even offer business banking or international banking services.
Anyone can bank at a Hispanic American-owned bank. However, something you’ll need to factor in is where you live. Most Hispanic American-owned banks on our list are located in select states. There aren’t any Hispanic American-owned banks with a national presence.
If you want to learn more about how Hispanic American-owned banks have dealt with economic shifts, you may want to read this study by the Federal Reserve Bank of Dallas. If you’re curious about more historical information about Hispanic American-owned banks and other MDIs, you can also visit the FDIC webpage or read some of the research listed on the Partnership of Progress website.
History and evolution of Hispanic American-owned banks
Throughout history, Hispanic American-owned banks have gone through times of growth and times of decline.
Hispanic American-owned banks, similar to other MDIs, have been impacted during periods when the economy is hit hardest. For instance, during the 2008 recession, Hispanic American-owned banks had more closures than openings.
In 2001, the FDIC had 32 Hispanic American-owned banks on its MDI list. In 2011, the number of Hispanic American-owned banks increased to 38, and now in 2024, it’s gone down to 30.
Why You Should Trust Us: How did Business Insider choose the banks and credit unions on this list?
Business Insider chose Hispanic American banks from the FDIC’s fourth quarter 2023 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 2023. 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.
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