LUSO Federal Credit Union

Overview / Commentary
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 1,141st 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.

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 Grade Components

NCUA #20600
Year Chartered1971
Primary Regulator
Profit Margin
Return on Assets - YTD-0.2%
Return on Equity - YTD-1.78%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$238.6MM$253.4MM
LoansQ2 2023vs Q2 2022$196.0MM$201.1MM
DepositsQ2 2023vs Q2 2022$210.5MM$224.4MM
Equity CapitalQ2 2023vs Q2 2022$27.3MM$27.6MM
Loan Loss AllowanceQ2 2023vs Q2 2022$658.00K$683.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.5MM$1.8MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for LUSO Federal Credit Union are currently being reviewed.


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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