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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 39th largest credit union in the state of Massachusetts. It is also the 1,138th largest credit union in the nation. It was established in 1971 and as of June of 2024, it had grown to 28 employees and 7,839 members at 2 locations. LUSO Federal Credit Union's CD rates are 4X the national average, and it 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

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Health
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #20600
Year Chartered1971
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD-0.29%
Return on Equity - YTD-2.67%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$242.8MM$238.6MM
LoansQ2 2024vs Q2 2023$187.6MM$196MM
DepositsQ2 2024vs Q2 2023$210.1MM$210.5MM
Equity CapitalQ2 2024vs Q2 2023$26.6MM$27.3MM
Loan Loss AllowanceQ2 2024vs Q2 2023$662K$658K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$2MM$2.5MM
Real Estate OwnedQ2 2024vs Q2 2023$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
0.10%$50k-Advantage Statement Share
0.05%$100-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
0.20%*$25k*-Classic NOW Money Market Account
OTHER TIERS: 0.10% → $500 - $5k | 0.15% → $5k - $25k
0.05%$500$5kElite NOW Business Money Market

LUSO Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$0$25kRewards Share Draft Checking
OTHER TIERS: 0.10% → $25k+

LUSO Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$500-5 Month Relationship CD Special W/ Direct Deposit or 10 Year+
4.10%$500-5 Month Relationship CD Special W/O Direct Deposit or 10 Year+
3.75%$500-12 Month Relationship CD Special W/ Direct Deposit or 10 Year+
3.50%$500-12 Month Relationship CD Special W/O Direct Deposit or 10 Year+
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 to 5 Month CD

LUSO Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$500-5 Month Relationship IRA Special W/ Direct Deposit or 10 Year+
4.10%$500-5 Month Relationship IRA Special W/O Direct Deposit or 10 Year+
3.75%$500-12 Month Relationship IRA Special W/ Direct Deposit or 10 Year+
3.50%$500-12 Month Relationship IRA Special W/O Direct Deposit or 10 Year+
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 to 5 Month IRA
Locations


LUSO Federal Credit Union Locations
Branch Office599 East StLudlow, MA 01056
Branch Office1 Crane Park Dr Ste 4Wilbraham, MA 01095-1786

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