- Overall Rating
- Pros and Cons
- Savings
- Checking
- Share Certificate
- Money Market Account
- FAQs
- Why You Should Trust Us
- How La Joya Area FCU Compares
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The bottom line: La Joya Area Federal Credit Union is a good option if you live in Hidalgo County, Texas, and want to bank with a Hispanic American-led institution. It also doesn't charge monthly service fees on checking and savings accounts. You might still earn the best CD rates at online banks, though.
Compare La Joya Area Federal Credit Union accountsLa Joya Area Federal Credit Union Regular Share Savings Account
La Joya Area Federal Credit Union Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 4.25 |
| Checking | 4.25 |
| Share certificate | 4.5 |
| Money market account | 4.25 |
| Trustworthiness | 4 |
| Total | 4.25 |
La Joya Area Federal Credit Union Pros and Cons
| Pros | Cons |
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La Joya Area Federal Credit Union Regular Share Savings Account Review
La Joya Area Federal Credit Union Regular Share Savings Account Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)0.15%
Minimum Deposit Amount$25
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. Only 3 free withdrawals per month (then $2 per transaction)
- con icon Two crossed lines that form an 'X'. Interest only compounds quarterly
- Hispanic American-led credit union with 2 branches in La Joya, Texas
- You're eligible for membership if you live or work in Hidalgo County, or if an immediate family member lives or works in Hidalgo County
- Interest compounded quarterly, paid quarterly
- Federally insured by the NCUA
The La Joya Area Federal Credit Union Regular Share Savings Account is a good option if you're looking for an account with no monthly service fee. It pays a higher interest rate than some national banks, such as Chase or Wells Fargo, but you can still earn a better rate elsewhere.
La Joya Area Federal Credit Union Checking Account Review
La Joya Area Federal Credit Union Checking Account Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)None
Minimum Deposit Amount$0
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Unlimited check writing
- con icon Two crossed lines that form an 'X'. $32.50 overdraft fee
- con icon Two crossed lines that form an 'X'. $2 overdraft protection fee when you sweep money from savings into checking
- con icon Two crossed lines that form an 'X'. $2 out-of-network ATM fee
- Hispanic American-led credit union with 2 branches in La Joya, Texas
- You're eligible for membership if you live or work in Hidalgo County, or if an immediate family member lives or works in Hidalgo County
- No ATM fees when you use machines at branches and Stripes Stores (Stripes charges $1.50, though)
- Federally insured by the NCUA
The La Joya Area Federal Credit Union Checking Account is an affordable account with no minimum opening deposit and no monthly service fee. The credit union doesn't charge a fee when you use ATMs at Stripes Stores, but Stripes will charge $1.50.
La Joya Area Federal Credit Union Share Certificate Review
La Joya Area Federal Credit Union Share Certificate Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)0.60% to 1.81%
Minimum Deposit Amount$1,000
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Standard CD terms
- con icon Two crossed lines that form an 'X'. Low interest rates
- con icon Two crossed lines that form an 'X'. $1,000 minimum opening deposit
- con icon Two crossed lines that form an 'X'. Compounds interest monthly, not daily
- con icon Two crossed lines that form an 'X'. Contact La Joya Area FCU to ask about early withdrawal penalties
- Hispanic American-led credit union with 2 branches in La Joya, Texas
- You're eligible for membership if you live or work in Hidalgo County, or if an immediate family member lives or works in Hidalgo County
- Terms range from 6 months to 5 years
- Interest compounded monthly, paid monthly
- Federally insured by the NCUA
La Joya Area Federal Credit Union pays average-to-low CD rates for its term lengths. You'll likely find other financial institutions with more competitive rates right now.
La Joya Area Federal Credit Union Money Market Account Review
La Joya Area Federal Credit Union Money Market Account Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)0.00% to 0.35%
Minimum Deposit Amount$0
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive interest rate
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes paper checks
- con icon Two crossed lines that form an 'X'. No interest earned on balances under $2,500
- con icon Two crossed lines that form an 'X'. Interest compounded monthly, not daily
- con icon Two crossed lines that form an 'X'. Only 3 free withdrawals per month (then $10 per transaction)
- con icon Two crossed lines that form an 'X'. No debit card
- Hispanic American-led credit union with 2 branches in La Joya, Texas
- You're eligible for membership if you live or work in Hidalgo County, or if an immediate family member lives or works in Hidalgo County
- Earn interest when your balance is $2,500 or higher
- Interest compounded monthly, paid monthly
- Federally insured by the NCUA
You might like the La Joya Area Federal Credit Union Money Market Account if you can maintain a $2,500 balance, because then you'll earn a competitive interest rate. There are no monthly service fee, and you have access to paper checks.
About La Joya Area Federal Credit Union
La Joya Area Federal Credit Union is a Hispanic American-led institution with two branches in La Joya, Texas. You have free access to ATMs at branches, and the credit union doesn't charge a fee at Stripes Stores ATMs. However, Stripes will charge a $1.50 fee.
To become a member of the credit union, you have to either live/work in Hidalgo County or have an immediate family member who lives/works in Hidalgo County. You'll pay a one-time $5 membership fee, and you must open a La Joya Area Federal Credit Union account.
You can call or visit a branch Monday through Thursday from 9 a.m. to 5 p.m., Friday from 9 a.m. to 6 p.m., and Saturday from 9 a.m. to 1 p.m. Locations are closed on Sunday.
The La Joya Area FCU mobile app has 4.8 out of 5 stars in the Apple store, and 4.5 out of 5 stars in the Google Play store.
Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for joint accounts.
Is La Joya Area Federal Credit Union Trustworthy?
La Joya Area Federal Credit Union does not have any public controversies.
Usually, we use Better Business Bureau ratings to evaluate a bank's trustworthiness. The BBB has not assessed La Joya Area FCU yet, though. You may want to ask friends and family about their experiences with the credit union, or read online customer reviews.
The Role of Hispanic American-Led Institutions
Many Hispanic American banks and credit unions provide services in both English and Spanish. There is a history of racial prejudice in banking and lending, specifically among Hispanic Americans, so working with a Hispanic American institution can help eliminate unfair bias.
Some of these institutions make it possible to open accounts if you are an immigrant or non-US citizen. La Joya Area FCU does require a US ID to open an account, but there are several banks and credit union that makes it easy for immigrants and non-US citizens to open bank accounts.
La Joya Federal Credit Union FAQs
Where are La Joya Federal Credit Union locations? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.La Joya Federal Credit Union has one location in La Joya, Texas and second in Palmview, Texas.
What is the membership fee at La Joya Federal Credit Union? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.La Joy Federal Credit Union has a $5 membership fee.
What are the current CD rates at La Joya Federal Credit Union? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.La Joya Federal Credit Union share certificates offer 0.60% to 1.81% APY, depending on the term.
Why You Should Trust Us: How We Reviewed La Joya Area Federal Credit Union
For our Gulf Coast Federal Credit Union review, we used our bank account methodology to review bank accounts and services.
At Personal Finance Insider, we review different features for distinct types of bank accounts. For example, we'll look at CD rates and term lengths for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options.
We'll also usually examine minimum opening deposits, ethics, customer support availability, and mobile app ratings for all types of bank accounts.
How La Joya Area Federal Credit Union Compares
La Joya Area Federal Credit Union vs. Lone Star National Bank
Your choice between these two financial institutions may depend on whether you prioritize opening an account at a credit union or bank. If you prefer credit unions, make sure you meet the La Joya Area's eligibility requirements.
To become a member of the credit union, you have to either live/work in Hidalgo County or have an immediate family member who lives/works in Hidalgo County. Otherwise, your default option will have to be Lone Star National Bank.
Lone Star National Bank's main strength is probably the number of branches. It's one of the largest Hispanic American banks in Texas, so it may be the most convenient option depending on where you live.
La Joya Federal Credit Union might be a better choice if you'd like to avoid monthly service fees on savings and checking accounts. At Lone Star National Bank, you'll have to be mindful of these fees.
La Joya Area Federal Credit Union vs. Rally Credit Union
Rally Credit Union is another Hispanic American-led credit union in Texas. It was formerly known as Navy Army Community Credit Union.
If you value a large branch network, Rally may be a more appealing choice; it has 21 branches in the state. La Joya Area Federal Credit Union only has two branches.
Neither La Joya Area Federal Credit Union nor Rally Credit Union charges monthly fees. However, if your goal is to obtain a high CD rate, Rally will likely be a better option. Rally also may stand out to you if you'd like to open a high-yield checking account.
Laura Grace Tarpley, CEPF Personal Finance Reviews Editor Laura Grace Tarpley (she/her) is a senior editor at Personal Finance Insider. She oversees coverage about mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She was a writer and editor for Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF).She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at ltarpley@businessinsider.com.Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services » Read more Read less Sophia Acevedo, CEPF Banking Reporter Sophia Acevedo is a banking reporter at Business Insider. Sophia joined Business Insider in July 2021. She writes bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Sophia is an alumna of California State University Fullerton where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>Below are links to some of her most popular stories:- Are banks open today? Here's a list of US bank holidays for 2023
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