Advertising Disclosure
  1. Banks
  2. Luso-American Credit Union

Luso-American Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Overview / Commentary
www.luso-american.com
978-531-5767
37 Tremont St
Peabody, MA 01960

Luso-American Credit Union is headquartered in Peabody and is the 55th largest credit union in the state of Massachusetts. It is also the 1,645th largest credit union in the nation. It was established in 1960 and as of September of 2024, it had grown to 15 employees and 9,056 members at 3 locations. Luso-American Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Luso American Credit Union is open to those who live or work in Essex County, Massachusetts.
See current membership details

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #67890
Year Chartered1960
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD7.12%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$121.4MM$120.5MM
LoansQ3 2024vs Q3 2023$80.8MM$85.4MM
DepositsQ3 2024vs Q3 2023$102.4MM$102.8MM
Equity CapitalQ3 2024vs Q3 2023$18.5MM$17.1MM
Loan Loss AllowanceQ3 2024vs Q3 2023$368K$238K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$18K$60K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/14/2025
4.00%
Our Rating
4.6  / 5
SoFi Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 4.00% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Rates

Rates for Luso-American Credit Union are currently being reviewed.

Locations


Luso-American Credit Union Locations
Branch Office37 Tremont StPeabody, MA 01960
Branch Office79 Lynnfield StPeabody, MA 01960-5201
Corporate Office975 William D Tate AveGrapevine, TX 76051-4097

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.