Overview / Commentary
413-589-9966
599 East St
Ludlow, MA 01056

LUSO Federal Credit Union is headquartered in Ludlow and is the 37th largest credit union in the state of Massachusetts. It is also the 999th largest credit union in the nation. It was established in 1971 and as of June of 2018, it had grown to 30 employees and 8,018 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

Health Grade Components

Overall
NCUA #20600
Year Chartered1971
Employees30
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.18%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$220.5MM$217.9MM
LoansQ2 2018vs Q2 2017$197.7MM$184.6MM
DepositsQ2 2018vs Q2 2017$190.6MM$189.5MM
Equity CapitalQ2 2018vs Q2 2017$23.1MM$21.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.1MM$1.0MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.0MM$2.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$130.00K
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
0.35%*$100k*-IRA Statement Share
OTHER TIERS: 0.15% $250 - $5k | 0.20% $5k - $10k | 0.25% $10k - $50k | 0.30% $50k - $100k
0.20%$50k-Advantage Statement Share
0.15%$5-Solar Statement Share
0.10%$5-Basic Passbook Share
0.10%$5-Basic Statement Share
0.10%$5-Savings Is Fun Statement Share
0.10%$5-L-U-S-O Statement Share
0.10%$5-Better Business Statement Share
0.05%$1-Holiday 50 Week Club
0.05%$1-Vacation Club
0.05%$1-Just In Case Club

LUSO Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Classic NOW Money Market Account
OTHER TIERS: 0.15% $200 - $5k | 0.20% $5k - $25k
0.25%*$25k*-Elite NOW Business Money Market
OTHER TIERS: 0.15% $200 - $5k | 0.20% $5k - $25k

LUSO Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kRewards Share Draft Checking
OTHER TIERS: 0.50% $25k+
0.25%$500-Smart Start Share Draft Checking
0.10%$500-Organic Share Draft Checking
0.10%$200-Second Chance Share Draft Checking
0.05%$500-Classic Share Draft Checking
0.05%$500-60 Plus Share Draft Checking
0.05%$2.5k-Elite Business Share Draft Checking

LUSO Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-60 Month MAX Relationship CD
1.60%$500-48 Month MAX Relationship CD
1.50%$500-36 Month MAX Relationship CD
1.40%$500-30 Month MAX Relationship CD
1.35%$500-24 Month MAX Relationship CD
1.30%$500-60 Month CD
1.25%$500-20 Month MAX Relationship CD
1.20%$500-18 Month MAX Relationship CD
1.15%$500-12 Month MAX Relationship CD
1.10%$500-48 Month CD
1.00%$500-36 Month CD
0.95%$500-9 Month MAX Relationship CD
0.90%$500-30 Month CD
0.85%$500-24 Month CD
0.75%$500-20 Month CD
0.70%$500-18 Month CD
0.65%$500-12 Month CD
0.45%$500-9 Month CD
0.40%$500-6 Month CD
0.30%$500-3 Month CD
0.30%$500-4 Month CD
0.30%$500-5 Month CD

LUSO Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$250-60 Month MAX Relationship IRA
1.60%$250-48 Month MAX Relationship IRA
1.50%$250-36 Month MAX Relationship IRA
1.40%$250-30 Month MAX Relationship IRA
1.35%$250-24 Month MAX Relationship IRA
1.30%$250-60 Month IRA
1.25%$250-20 Month MAX Relationship IRA
1.20%$250-18 Month MAX Relationship IRA
1.15%$250-12 Month MAX Relationship IRA
1.10%$250-48 Month IRA
1.00%$250-36 Month IRA
0.95%$250-9 Month MAX Relationship IRA
0.90%$250-30 Month IRA
0.85%$250-24 Month IRA
0.75%$250-20 Month IRA
0.70%$250-18 Month IRA
0.65%$250-12 Month IRA
0.45%$250-9 Month IRA
0.40%$250-6 Month IRA
0.30%$250-3 Month IRA
0.30%$250-4 Month IRA
0.30%$250-5 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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