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 September of 2020, it had grown to 15 employees and 8,014 members at 2 locations. Luso-American Credit Union has an A+ health rating.
Membership in Luso American Credit Union is open to those who live or work in Essex County, Massachusetts.
See current membership details
Overall | |
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NCUA # | 67890 |
Year Chartered | 1960 |
Employees | 15 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.43% |
Return on Equity - YTD | 3.11% |
Annual Interest Income | $2.5MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $106.6MM$94.5MM |
Loans | Q3 2020vs Q3 2019 | $80.5MM$70.3MM |
Deposits | Q3 2020vs Q3 2019 | $91.6MM$80.0MM |
Equity Capital | Q3 2020vs Q3 2019 | $14.5MM$14.1MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $102.00K$118.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $286.00K$57.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.02% | $25 | $1k | Super Savers Account (Youth Savings) | |
0.10% | - | - | Regular Savings Account | |
0.10% | - | - | Christmas Club Account | |
0.10% | $2 | - | Vacation Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $2.5k* | - | Money Market Account | ||
OTHER TIERS: 0.10% → Up to $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $25 | - | Now Checking Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
Luso-American Credit Union Locations | ||
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Branch Office | 37 Tremont St | Peabody, MA 01960 |
Branch Office | 79 Lynnfield St | Peabody, MA 01960-5201 |