Discover 54 Hispanic American-Owned Banks & Credit Unions by State!
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Hispanic American-owned banks are a crucial part of minority depository institutions (MDIs), dedicated to combatting economic inequality. They provide vital banking and lending services to underserved communities, particularly those with Hispanic American backgrounds.
We’ve compiled a comprehensive list of Hispanic American-owned banks and credit unions across the country, making it easier for you to find a financial partner that understands your needs.
A Glimpse into the History of Hispanic American-Owned Banks
The journey of Hispanic American-owned banks in the mainland U.S. began in the 1960s, with Centinel Bank of Taos being one of the pioneering establishments.
These banks and credit unions emerged to cater to low-income and minority communities, especially Hispanic Americans, who have historically faced discriminatory lending practices like redlining. This systemic denial of loans severely limited economic opportunities for these communities.
By establishing themselves in areas with high minority populations, Hispanic American banks have effectively bridged the banking gap, offering services tailored to the unique cultural and linguistic needs of their communities.
Government Support: A Lifeline for Hispanic American-Owned Banks
During the late 1960s and early 1970s, government initiatives were launched to support minority-owned banks, ensuring they could continue serving underrepresented communities.
For example, Executive Order 11625 was established to bolster minority banks, including those owned by Hispanic Americans.
The Community Reinvestment Act also plays a vital role, mandating that banks address the diverse needs of their communities through appropriate services and products.
Today’s Landscape of Hispanic American-Owned Banks
Like many minority-owned banks, Hispanic American-owned institutions have seen fluctuating fortunes. Since around 2014, the number of FDIC-recognized Hispanic American banks has been on a downward trend, yet the financial assets held by these banks have significantly increased during this period.
As of now, there are 54 Hispanic American-owned banks and credit unions across the United States, all insured by the FDIC or NCUA, continuing their mission to serve low-income and underrepresented communities.
Discover Hispanic American-Owned Banks and Credit Unions Across the U.S.
Alabama
None
Alaska
None
Arizona
Avenir Financial
Branches: 4 (Yuma, Somerton, and San Luis)
ATMs: Over 30,000 surcharge-free ATMs via the CO-OP Shared Network
Services: Personal checking and savings accounts, money market accounts, business accounts, loans, online and mobile banking.
As of November 2024, Avenir Financial has expanded membership to eligible residents in Arizona, California, Nevada, and New Mexico.
Arkansas
None
California
Camino Federal Credit Union
Branches: 1 (Montebello)
ATMs: Over 30,000 surcharge-free ATMs via the CO-OP Shared Network
Services: Savings accounts, checking accounts, loans, online banking, and more.
Community Commerce Bank
Branches: 3 (Claremont, Monterey Park, Tarzana)
Services: Savings accounts, certificates of deposit, business loans, online banking.
Commercial Bank of California
Branches: 6 (Anaheim, Costa Mesa, Irvine, Los Angeles, Santa Monica)
Services: Checking and savings accounts, business banking, loans, mobile banking, and more.
First Imperial Credit Union
Branches: 4 (El Centro, Brawley, Calexico, Imperial)
Services: Savings, checking accounts, loans, and community outreach initiatives.
Sun Community Federal Credit Union
Branches: 8 (Brawley, Calexico, Calipatria, El Centro, Holtville, Imperial, Indio, Palm Springs)
Services: A variety of personal and business banking services, plus community support programs.
Colorado
None
Connecticut
None
Delaware
None
Florida
Anchor Bank
Branches: 5 (Boca Raton, Coral Gables, Hallandale Beach, Lake Worth, Palm Beach Gardens)
Services: Comprehensive personal and business banking services, including mortgages and investments.
Banesco USA
Branches: 6 (Aventura, Coral Gables, Hialeah, Miami, West Palm Beach)
Services: Banking services tailored for local and international customers.
Interamerican Bank
Branches: 5 (Hialeah, Miami, West Palm Beach)
Services: A range of personal and commercial banking needs.
Ocean Bank
Branches: 23 (Various locations)
Services: Offers a full suite of banking services including personal and business solutions.
Popular Bank
Branches: 12 (Various locations)
Services: Extensive services with a focus on community support and outreach.
Sunstate Bank
Branches: 3 (Coral Gables, Miami, West Miami)
Services: Comprehensive banking solutions with a strong community focus.
U.S. Century Bank
Branches: 10 (Various locations)
Services: A variety of personal and commercial banking services with a commitment to community development.
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
Carpenters Credit Union
Branches: 1 (Saint Paul)
Services: Savings and checking accounts, loans, and online banking.
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)
Services: Wide range of personal and business banking services.
Ponce Bank
Branches: 1 (Union City)
Services: Comprehensive banking services including personal and business loans.
New Mexico
Community 1st Bank Las Vegas
Branches: 4 (Las Vegas, Mora)
Services: A variety of personal and business banking services.
Centinel Bank of Taos
Branches: 3 (Taos)
Services: Comprehensive banking solutions to support local needs.
Guadalupe Credit Union
Branches: 7 (Santa Fe, Espanola, Las Vegas, Mora, El Prado)
Services: Robust financial services tailored to community needs.
Zia Credit Union
Branches: 3 (Los Alamos, Espanola, Santa Fe)
Services: Offers banking services with a focus on education and community support.
New York
International Finance Bank
Branches: 1 (New York City)
Services: Tailored financial solutions for personal and business needs.
Ponce Bank
Branches: 13 (Astoria, Bronx, Brooklyn, Forest Hills, Jackson Heights, New York)
Services: Wide-ranging banking services for local communities.
Popular Bank
Branches: 23 (Astoria, Bronx, Brooklyn, Elmhurst, New York)
Services: A wide variety of personal and commercial banking services.
North Carolina
Latino Community Credit Union
Branches: 15 (Various locations)
Services: Comprehensive banking solutions and community engagement initiatives.
North Dakota
None
Ohio
None
Oklahoma
Bank of Grand Lake
Branches: 2 (Grove, Langley)
Services: Offers a wide array of personal banking services.
Oregon
None
Pennsylvania
None
Puerto Rico
Banco Popular de Puerto Rico
Branches: Over 130 throughout Puerto Rico
Services: Comprehensive banking services for personal and business needs.
Banesco USA
Branches: 1 (Hato Rey)
Services: A variety of banking services with a focus on community support.
Caribe Credit Union
Branches: 4 (Guaynabo, Ponce, San Juan)
Services: Offers a range of banking services catering to local needs.
FirstBank Puerto Rico
Branches: 57 throughout Puerto Rico
Services: Comprehensive banking offerings focused on community development.
Oriental Bank
Branches: Over 40 throughout Puerto Rico
Services: Offers a variety of banking services including personal and commercial loans.
Rhode Island
None
South Carolina
None
South Dakota
None
Tennessee
None
Texas
Bank of South Texas
Branches: 6
Services: Offers a full range of personal and business banking services.
Border Federal Credit Union
Branches: 5
Services: Comprehensive financial services including loans and community outreach programs.
Citizens State Bank
Branches: 2
Services: Offers personal banking services and community support initiatives.
CoastLife Community Credit Union
Branches: 10
Services: Wide range of personal banking services with a focus on community well-being.
Commerce Bank
Branches: 3
Services: Comprehensive banking solutions for both personal and business clients.
evolve Federal Credit Union
Branches: 6
Services: Offers a full range of banking services with a focus on community support.
Falcon International Bank
Branches: 18
Services: Comprehensive banking services with a focus on community outreach.
Freedom Bank
Branches: 4
Services: Offers personal and business banking solutions.
GECU Credit Union
Branches: 27
Services: Comprehensive financial services with a focus on community assistance.
Gulf Coast Federal Credit Union
Branches: 6
Services: Offers a wide array of personal banking services.
International Bank of Commerce
Branches: 166
Services: Comprehensive personal and business banking services.
Utah
None
U.S. Virgin Islands
Popular Bank
Branches: 9
Services: Full range of personal and business banking services.
Vermont
None
Virginia
None
Washington
None
Washington, DC
IDB Global Credit Union
Branches: 1
Services: Offers financial products tailored for diverse communities.
West Virginia
None
Wisconsin
Carpenters Credit Union
Branches: 1
Services: Wide array of personal banking solutions.
Wyoming
None
Hispanic American-owned banks and credit unions play a vital role in supporting Hispanic American communities. They bridge cultural gaps and provide invaluable services that reflect the needs of their constituents.
Research shows that these banks not only cater to financial needs but also empower communities by offering job opportunities and leadership development within their organizations.
Examples of Services and Outreach by Hispanic American-Owned Banks
Institutions like River City Credit Union and Guadalupe Credit Union are innovating by creating pathways for individuals without U.S. citizenship to access banking services through the Juntos Avanzamos program.
This initiative allows members to use foreign identification to open accounts, addressing the needs of immigrants and non-citizens, while fostering credit-building opportunities.
Beyond banking, these institutions also serve as role models that inspire youth to envision their futures, showcasing the potential of community-focused financial institutions.
The Economic Contributions of Hispanic American-Owned Banks
Recent studies highlight that Latino and Black applicants often face challenges in receiving loans compared to their white and Asian counterparts. Furthermore, when loans are approved, they are frequently higher-cost options.
Hispanic American-owned banks play an essential role in overcoming these barriers, providing critical financial services that empower their communities and support economic growth.
Frequently Asked Questions About Hispanic American-Owned Banks
There are currently 30 Hispanic American-owned banks in the U.S., along with over 20 credit unions led by Hispanic Americans.
Banco Popular de Puerto Rico and International Bank of Commerce are two of the largest Hispanic American-owned banks in the U.S. and Puerto Rico, each with over 130 branches and numerous ATMs.
Hispanic American-owned banks provide a wide range of services including savings and checking accounts, loans, and retirement accounts, similar to larger banking institutions.
Anyone can bank at a Hispanic American-owned bank, however, availability may depend on your location as most of these banks operate regionally.
For in-depth insights into how Hispanic American-owned banks have adapted to economic changes, refer to studies published by the Federal Reserve Bank of Dallas.
The Evolution of Hispanic American-Owned Banks
The story of Hispanic American-owned banks is one of resilience, marked by periods of both growth and decline, particularly during economic downturns like the 2008 recession.
Since 2001, the number of Hispanic American-owned banks has fluctuated, peaking at 38 in 2011 but dropping to 30 as we approach 2025.
Why You Can Trust Us: Our Selection Process for Hispanic American-Owned Banks
Our selection of Hispanic American banks comes from the FDIC’s most recent list of minority depository institutions, ensuring that these banks are both reliable and community-focused.
These institutions are defined as minority depository institutions (MDIs) with a majority of ownership or board representation from minority individuals, serving predominantly minority communities.
Additionally, our list of credit unions from the National Credit Union Administration includes those with a significant membership base, reinforcing our commitment to highlighting trustworthy and impactful financial institutions.
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