Overview / Commentary
LUSO Federal Credit Union is headquartered in Ludlow and is the 39th largest credit union in the state of Massachusetts. It is also the 1,139th largest credit union in the nation. It was established in 1971 and as of September of 2024, it had grown to 6 employees and 7,935 members at 2 locations. LUSO Federal Credit Union has a B+ 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
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 20600 |
| Year Chartered | 1971 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.25% |
| Return on Equity - YTD | -2.34% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $244.6MM$241.5MM |
| Loans | Q3 2024vs Q3 2023 | $186.8MM$193.5MM |
| Deposits | Q3 2024vs Q3 2023 | $211.9MM$212.7MM |
| Equity Capital | Q3 2024vs Q3 2023 | $26.5MM$27.2MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $654K$664K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $2.7MM$1.9MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |