LUSO Federal Credit Union is headquartered in Ludlow and is the 39th largest credit union in the state of Massachusetts. It is also the 1,141st largest credit union in the nation. It was established in 1971 and as of June of 2023, it had grown to 31 employees and 8,084 members at 2 locations. LUSO Federal Credit Union has a B health rating.
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
|Return on Assets - YTD||-0.2%|
|Return on Equity - YTD||-1.78%|
|Annual Interest Income||$4.1MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$238.6MM$253.4MM|
|Loans||Q2 2023vs Q2 2022||$196.0MM$201.1MM|
|Deposits||Q2 2023vs Q2 2022||$210.5MM$224.4MM|
|Equity Capital||Q2 2023vs Q2 2022||$27.3MM$27.6MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$658.00K$683.00K|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$2.5MM$1.8MM|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for LUSO Federal Credit Union are currently being reviewed.
|LUSO Federal Credit Union Locations|
|Branch Office||599 East St||Ludlow, MA 01056|
|Branch Office||1 Crane Park Dr Ste 4||Wilbraham, MA 01095-1786|