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 53rd largest credit union in the state of Massachusetts. It is also the 1,656th largest credit union in the nation. It was established in 1960 and as of June of 2023, it had grown to 16 employees and 8,731 members at 2 locations. Luso-American Credit Union has a B+ 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

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Health
B+

Health Grade Components

Overall
NCUA #67890
Year Chartered1960
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD9.45%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$121.7MM$132.2MM
LoansQ2 2023vs Q2 2022$84.1MM$79.3MM
DepositsQ2 2023vs Q2 2022$104.4MM$116.1MM
Equity CapitalQ2 2023vs Q2 2022$16.7MM$15.4MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$187.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$69.00K$57.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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

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