Luso-American Credit Union

Overview / Commentary

978-531-5767

37 Tremont St
Peabody, MA 01960

Luso-American Credit Union is headquartered in Peabody and is the 56^th largest credit union in the state of Massachusetts. It is also the 1,661^st largest credit union in the nation. It was established in 1960 and as of March of 2019, it had grown to 15 employees and 7,949 members at 3 locations. Luso-American Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Essex County in Massachusetts.
See current membership details

Reviews

Write a Review

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

Health

Data as of Q1 2019

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Luso-American Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	67890
Year Chartered	1960
Employees	15
Primary Regulator

Profit Margin
Return on Assets - YTD	0.83%
Return on Equity - YTD	5.8%
Annual Interest Income	$897.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$97.0MM$92.8MM
Loans	Q1 2019vs Q1 2018	$68.3MM$65.4MM
Deposits	Q1 2019vs Q1 2018	$83.3MM$79.5MM
Equity Capital	Q1 2019vs Q1 2018	$13.7MM$12.8MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$108.00K$61.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$131.00K$171.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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

APY	MIN	MAX	ACCOUNT NAME
2.02%	-	$1k	Super Savers Account (Youth Savings)
0.10%	-	-	Regular Savings Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	Vacation Club Account

Luso-American Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$2.5k^*	-	Money Market Account
OTHER TIERS: 0.10% → Up to $2.5k

Luso-American Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Now Checking Account

Luso-American Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.87%	$500	-	18 Month 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
0.50%	$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

APY	MIN	MAX	ACCOUNT NAME
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 Office	37 Tremont St	Peabody, MA 01960
Branch Office	79 Lynnfield St	Peabody, MA 01960-5201
Branch Office	128 Rogers St	Gloucester, MA 01930-5005

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.