LUSO Federal Credit Union

Overview / Commentary
599 East St
Ludlow, MA 01056

LUSO Federal Credit Union is headquartered in Ludlow and is the 38th largest credit union in the state of Massachusetts. It is also the 1,109th largest credit union in the nation. It was established in 1971 and as of September of 2022, it had grown to 35 employees and 8,231 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 - YTD0.21%
Return on Equity - YTD1.94%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$251.7MM$248.8MM
LoansQ3 2022vs Q3 2021$200.3MM$194.7MM
DepositsQ3 2022vs Q3 2021$223.2MM$221.2MM
Equity CapitalQ3 2022vs Q3 2021$27.4MM$26.8MM
Loan Loss AllowanceQ3 2022vs Q3 2021$657.00K$1.3MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$2.2MM$1.0MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

0.20%*$50k*-IRA Statement Share
OTHER TIERS: 0.05% $500 - $5k | 0.10% $5k - $10k | 0.15% $10k - $50k
0.10%$50k-Advantage Statement Share
0.05%$5-Basic Passbook Share
0.05%$5-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

0.20%*$25k*-Classic NOW Money Market Account
OTHER TIERS: 0.10% $500 - $5k | 0.15% $5k - $25k
0.20%*$25k*-Elite NOW Business Money Market
OTHER TIERS: 0.05% $500 - $5k | 0.15% $5k - $25k

LUSO Federal Credit Union Checking Account Rates

0.50%*-$25kRewards Share Draft Checking
OTHER TIERS: 0.10% $25k+

LUSO Federal Credit Union CD Rates

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 Month CD
0.05%$500-4 Month CD
0.05%$500-5 Month CD

LUSO Federal Credit Union IRA Rates

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 Month IRA
0.05%$500-4 Month IRA
0.05%$500-5 Month IRA

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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