Coloradoīranches: 5 in Florida (Palm Beach Gardens, Lake Worth, Boca Raton, Hallandale Beach, and Coral GablesĪTMs: ATMs are available at branches, plus Publix Presto! ATMs are free of charge Read Insider's full review of Union Yes Federal Credit Union here. ![]() 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 Union Yes Federal Credit UnionĪTMs: UYFCU ATMs, plus 50,000 surcharge-free ATMs through the Co-Op Shared ATM network Read Insider's full review of Sun Community Credit Union here. In the last few years, the credit has donated over $400,000 to 50 organizations. 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 bankingĬommunity outreach: Sun Community Federal Credit Union partners with local high schools and organizations. Sun Community Federal Credit Unionīranches: 8 (Brawley, Calexico, Calipatria, El Centro, Holtville, Imperial, Indio, Palm Springs)ĪTMs: Sun Community Federal ATMs available, plus over 30,000 surcharge-free ATMs available through the Co-Op ATM Network Read Insider's full review of First Imperial Credit Union here. 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 walletĬommunity outreach: First Imperial Credit Union has partnered with 18 local organizations. First Imperial Credit Unionīranches: 4 (El Centro, Brawley, Calexico, Imperial)ĪTMs: over 30,000 surcharge-free ATMs through the Co-Op Shared Network Read Insider's full review of Camino Federal Credit Union here. 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 None California Camino Federal Credit UnionĪTMs: Camino has more than 30,000 surcharge-free ATMs available through the Co-Op Shared Network Where to find Hispanic American-owned banks and credit unions in the US, including Puerto Rico and US Virgin Islands Alabama These financial institutions continue to serve low-income and underrepresented communities. Today, there are 53 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. Hispanic American banks, much like other minority-owned banks, have gone through periods of growth and periods of decline. 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. 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.įor instance, through Executive Order 11625, the government sought to establish a program that would strengthen minority banks. ![]() ![]() These financial institutions were able to connect with their local communities and fill the banking gap by addressing areas like language and culture. Hispanic American banks were founded in areas where minority communities lived. Historically, Hispanic Americans have been affected by discriminatory lending practices like redlining and experienced limited economic opportunities to build wealth. Hispanic American financial institutions were created to provide services to low-income and minority communities, particularly Hispanic American communities. The first Hispanic American-owned banks in the mainland US were established in the 1960s, one of the first being Centinel Bank of Taos. Puerto Rico History of Hispanic American-owned banks Hispanic American-owned institutions by state, plus Puerto Rico and the US Virgin Islands
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