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Luso-American Credit Union


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 1,646th largest credit union in the nation. It was established in 1960 and as of June of 2024, it had grown to 15 employees and 9,005 members at 3 locations. Luso-American Credit Union's CD rates are 3X the national average, and it 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.
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Health
A

Data as of Q2 2024

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Health Grade Components

Overall
NCUA #67890
Year Chartered1960
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD7.25%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$122.2MM$121.7MM
LoansQ2 2024vs Q2 2023$81.7MM$84.1MM
DepositsQ2 2024vs Q2 2023$103.4MM$104.4MM
Equity CapitalQ2 2024vs Q2 2023$18.2MM$16.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$347K$267K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$46K$69K
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-American 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-American Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$25$1kSuper Savers Account (Youth Savings)
0.10%$0-Regular Savings Account
0.10%$0-Christmas Club Account
0.10%$2-Vacation Club Account

Luso-American Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$2.5k*-Money Market Account
OTHER TIERS: 0.10% → $0 - $2.5k

Luso-American Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Now Checking Account

Luso-American Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-1 Year CD
1.61%$500-5 Year CD
1.41%$500-4 Year CD
1.00%$500-3 Year CD
0.90%$500-2 Year CD
0.60%$500-13 Month CD
0.35%$500-7 Month CD
0.30%$500-6 Month CD
0.20%$500-90 Day CD

Luso-American Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$500-5 Year IRA
1.41%$500-4 Year IRA
1.00%$500-3 Year IRA
0.90%$500-2 Year IRA
0.50%$500-1 Year IRA
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

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