LUSO Federal Credit Union

LUSO Federal Credit Union Locations
599 East Street
Ludlow, MA 01056
(413)589-9966
www.lusofederal.com

LUSO Federal Credit Union is headquartered in Ludlow and is the 42nd largest credit union in the state of Massachusetts. It is also the 1,008th largest credit union in the nation. It was established in 1971 and as of September of 2011, it had grown to 23 employees and 6,110 members. LUSO Federal Credit Union has a 3-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

LUSO Federal Credit Union Checking Account Rates

ApyMinMaxProduct
1.40%-$25kRewards Share Draft Interest Checking
0.20%$500-"Preferred" Share Draft Checking
0.15%$500-Visa Share Draft Interest Checking
0.15%$500-"Secure" Share Draft Checking
0.10%$500-"Go Green" Organic Share Draft Interest Checking
0.05%$500-Classic Share Draft Interest Checking
0.05%$500-60 Plus Share Draft Interest Checking
0.05%$5k-"Elite" Business Share Draft Interest Checking
0.05%$500-"DBA" Share Draft Interest Checking

LUSO Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.20%$50k-Advantage Statement Share
0.15%--"Solar Savings " Go Green Statement Share
0.10%--Basic Member Passbook Share
0.10%--Basic Member Statement Share
0.10%--Savings Is Fun Statement Share
0.10%--L-U-S-O Statement Share
0.10%--"Better Business" Statement Share
0.05%--Holiday 50 Week Club
0.05%--Vacation Club
0.05%--Just In Case Club

LUSO Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.25%$25k-Classic NOW Money Market Account
0.25%$50k-"Elite" Now Business Money Market

LUSO Federal Credit Union CD Rates

ApyMinMaxProduct
2.00%$500-60 Month MAX Relationship Share Certificate
1.70%$500-48 Month MAX Relationship Share Certificate
1.50%$500-60 Month Term Share Certificate
1.40%$500-36 Month MAX Relationship Share Certificate
1.30%$500-30 Month MAX Relationship Share Certificate
1.20%$500-48 Month Term Share Certificate
1.20%$500-24 Month MAX Relationship Share Certificate
1.10%$500-20 Month MAX Relationship Share Certificate
1.05%$500-18 Month MAX Relationship Share Certificate
0.90%$500-36 Month Term Share Certificate
0.90%$500-12 Month MAX Relationship Share Certificate
0.85%$500-9 Month MAX Relationship Share Certificate
0.80%$500-30 Month Term Share Certificate
0.80%$500-6 Month MAX Relationship Share Certificate
0.70%$500-24 Month Term Share Certificate
0.60%$500-20 Month Term Share Certificate
0.55%$500-18 Month Term Share Certificate
0.40%$500-12 Month Term Share Certificate
0.35%$500-9 Month Term Share Certificate
0.30%$500-6 Month Term Share Certificate
0.25%$500-5 Month Term Share Certificate
0.20%$500-3 Month Term Share Certificate
0.20%$500-4 Month Term Share Certificate

LUSO Federal Credit Union IRA Rates

ApyMinMaxProduct
2.00%$250-60 Month MAX Relationship IRA Certificate
1.70%$250-48 Month MAX Relationship IRA Certificate
1.50%$250-60 Month IRA Certificate
1.40%$250-36 Month MAX Relationship IRA Certificate
1.30%$250-30 Month MAX Relationship IRA Certificate
1.20%$250-48 Month IRA Certificate
1.20%$250-24 Month MAX Relationship IRA Certificate
1.10%$250-20 Month MAX Relationship IRA Certificate
1.05%$250-18 Month MAX Relationship IRA Certificate
0.90%$250-36 Month IRA Certificate
0.90%$250-12 Month MAX Relationship IRA Certificate
0.85%$250-9 Month MAX Relationship IRA Certificate
0.80%$250-30 Month IRA Certificate
0.80%$250-6 Month MAX Relationship IRA Certificate
0.70%$250-24 Month IRA Certificate
0.60%$250-20 Month IRA Certificate
0.55%$250-18 Month IRA Certificate
0.40%$250-12 Month IRA Certificate
0.35%$250-9 Month IRA Certificate
0.30%$250-6 Month IRA Certificate
0.25%$250-5 Month IRA Certificate
0.20%$250-3 Month IRA Certificate
0.20%$250-4 Month IRA Certificate

Rates updated: 2/10/2012 * Not all products updated

Data for Q3 2011


Institution Statistics


LUSO
NCUA #20600
BankRate ReportView
Year Established1971
Employees23
Primary Regulator

Assets and Liabilities

Assets$159.24 million
Loans$87.79 million
Deposits$141.07 million
Equity Capital$15.73 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$3.09 million

Historic Data - September 2010

Assets$155.85 million
Equity Capital$15.20 million
Loan Loss Allowance$912,000
Unbacked Noncurrent Loans$2.16 million

Profit Margin - Quarterly

Net Interest Margin2.49%
Return on Assets0.74%
Return on Equity7.48%
Interest Income$4.39 million
Non-Interest Income$359,000

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 LUSO Federal Credit Union had $3.09 million in non-current loans and owned real-estate with $16.79 million in equity and loan loss allowances on hand to cover it. This gives LUSO Federal Credit Union a Texas Ratio of 18.41% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for LUSO Federal Credit Union held steady from 13.43% as of September 30, 2010 to 18.41% as of September 30, 2011, resulting in a negative change of 37.09%. This indicates that the balance sheet and financial strength for LUSO Federal Credit Union has held steady in recent periods.
Deposit Growth3
In the past year, LUSO Federal Credit Union has increased its total deposits by $1.28 million, resulting in 0.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth LUSO Federal Credit Union has shown is average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. LUSO Federal Credit Union has $159.24 million in assets with $16.79 million in equity, resulting in a capitalization level of 10.54%, which is above average.
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