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LUSO Federal Credit Union


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 38th largest credit union in the state of Massachusetts. It is also the 1,070th largest credit union in the nation. It was established in 1971 and as of December of 2020, it had grown to 31 employees and 8,289 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

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #20600
Year Chartered1971
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.5%
Annual Interest Income$7.6MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$233.8MM$226.3MM
LoansQ4 2020vs Q4 2019$195.0MM$202.3MM
DepositsQ4 2020vs Q4 2019$206.9MM$194.8MM
Equity CapitalQ4 2020vs Q4 2019$25.8MM$25.4MM
Loan Loss AllowanceQ4 2020vs Q4 2019$1.5MM$915.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.8MM$2.4MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-IRA Statement Share
OTHER TIERS: 0.10% → $500 - $5k | 0.15% → $5k - $10k | 0.20% → $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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Classic NOW Money Market Account
OTHER TIERS: 0.15% → $500 - $5k | 0.20% → $5k - $25k
0.20%*$25k*-Elite NOW Business Money Market
OTHER TIERS: 0.10% → $500 - $5k | 0.15% → $5k - $25k

LUSO Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$25kRewards Share Draft Checking
OTHER TIERS: 0.15% → $25k+
0.05%$500-60 Plus Share Draft Checking
0.05%$250-Smart Start Share Draft Checking

LUSO Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-60 Month CD
0.45%$500-48 Month CD
0.40%$500-30 Month CD
0.40%$500-36 Month CD
0.35%$500-24 Month CD
0.30%$500-20 Month CD
0.25%$500-18 Month CD
0.15%$500-6 Month CD
0.15%$500-9 Month CD
0.15%$500-12 Month CD
0.10%$500-3 Month CD
0.10%$500-4 Month CD
0.10%$500-5 Month CD

LUSO Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-60 Month IRA
0.45%$500-48 Month IRA
0.40%$500-30 Month IRA
0.40%$500-36 Month IRA
0.35%$500-24 Month IRA
0.30%$500-20 Month IRA
0.25%$500-18 Month IRA
0.15%$500-6 Month IRA
0.15%$500-9 Month IRA
0.15%$500-12 Month IRA
0.10%$500-3 Month IRA
0.10%$500-4 Month IRA
0.10%$500-5 Month IRA
Locations


LUSO Federal Credit Union Locations
Branch Office599 East StLudlow, MA 01056
Branch Office1 Crane Park Dr Ste 4Wilbraham, MA 01095-1700

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