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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 57th largest credit union in the state of Massachusetts. It is also the 1,672nd largest credit union in the nation. It was established in 1960 and as of December of 2020, it had grown to 14 employees and 7,945 members at 2 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

Luso American Credit Union (MA) Offers Competitive Long-Term CDs - 2/5/2021

Luso American Credit Union (MA) has competitive long-term CDs with top rates on 4-year and 5-year terms. $500 minimum opening deposit. Also as IRA CDs.

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Health
A+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #67890
Year Chartered1960
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD3.69%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$109.7MM$94.5MM
LoansQ4 2020vs Q4 2019$85.0MM$73.9MM
DepositsQ4 2020vs Q4 2019$94.4MM$80.2MM
Equity CapitalQ4 2020vs Q4 2019$14.7MM$14.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$81.00K$116.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$286.00K$280.00K
Real Estate OwnedQ4 2020vs Q4 2019$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%--Regular Savings Account
0.10%--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% → Up to $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
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
0.50%$500-1 Year 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

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