LUSO Federal Credit Union

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Overview / Commentary

www.lusofederal.com

844-587-6328

599 East St
Ludlow, MA 01056

LUSO Federal Credit Union is headquartered in Ludlow and is the 38^th largest credit union in the state of Massachusetts. It is also the 1,105^th largest credit union in the nation. It was established in 1971 and as of December of 2021, it had grown to 30 employees and 8,278 members at 2 locations. LUSO Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in, and businesses or other legal entities located throughout Hampden County, Massachusetts are eligible for membership.
See current membership details

Related Posts

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2006

2/17 - 5% 11-Month / 5.45% 60-Month CD at a Massachusetts CU

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Health

A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #	20600
Year Chartered	1971
Employees	30
Primary Regulator

Profit Margin
Return on Assets - YTD	0.46%
Return on Equity - YTD	4.2%
Annual Interest Income	$7.0MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$247.9MM$233.8MM
Loans	Q4 2021vs Q4 2020	$196.4MM$195.0MM
Deposits	Q4 2021vs Q4 2020	$220.2MM$206.9MM
Equity Capital	Q4 2021vs Q4 2020	$27.0MM$25.8MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$1.1MM$1.5MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$2.1MM$1.8MM
Real Estate Owned	Q4 2021vs Q4 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not LUSO Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LUSO Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$50k^*	-	IRA Statement Share
OTHER TIERS: 0.05% → $500 - $5k \| 0.10% → $5k - $10k \| 0.15% → $10k - $50k
0.10%	$50k	-	Advantage Statement Share
0.05%	$5	-	Basic Passbook Share
0.05%	$5	-	Basic Statement Share
0.05%	$5	-	Savings Is Fun Statement Share
0.05%	$100	-	L-U-S-O Statement Share

LUSO Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$25k^*	-	Classic NOW Money Market Account
OTHER TIERS: 0.10% → $500 - $5k \| 0.15% → $5k - $25k
0.20%^*	$25k^*	-	Elite NOW Business Money Market
OTHER TIERS: 0.05% → $500 - $5k \| 0.15% → $5k - $25k

LUSO Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	-	$25k	Rewards Share Draft Checking
OTHER TIERS: 0.10% → $25k+

LUSO Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$500	-	60 Month CD
0.40%	$500	-	48 Month CD
0.35%	$500	-	36 Month CD
0.30%	$500	-	30 Month CD
0.25%	$500	-	24 Month CD
0.20%	$500	-	18 Month CD
0.20%	$500	-	20 Month CD
0.15%	$500	-	12 Month CD
0.10%	$500	-	6 Month CD
0.10%	$500	-	9 Month CD
0.05%	$500	-	3 Month CD
0.05%	$500	-	4 Month CD
0.05%	$500	-	5 Month CD

LUSO Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%	$500	-	60 Month IRA
0.40%	$500	-	48 Month IRA
0.35%	$500	-	36 Month IRA
0.30%	$500	-	30 Month IRA
0.25%	$500	-	24 Month IRA
0.20%	$500	-	18 Month IRA
0.20%	$500	-	20 Month IRA
0.15%	$500	-	12 Month IRA
0.10%	$500	-	6 Month IRA
0.10%	$500	-	9 Month IRA
0.05%	$500	-	3 Month IRA
0.05%	$500	-	4 Month IRA
0.05%	$500	-	5 Month IRA

Locations

LUSO Federal Credit Union Locations
Branch Office	599 East St	Ludlow, MA 01056
Branch Office	1 Crane Park Dr Ste 4	Wilbraham, MA 01095-1700

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