Luso-American Credit Union

Overview / Commentary
37 Tremont St
Peabody, MA 01960

Luso-American Credit Union is headquartered in Peabody and is the 54th largest credit union in the state of Massachusetts. It is also the 1,663rd largest credit union in the nation. It was established in 1960 and as of September of 2023, it had grown to 15 employees and 8,808 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 Grade Components

NCUA #67890
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD9.71%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$120.5MM$131.9MM
LoansQ3 2023vs Q3 2022$85.4MM$80.3MM
DepositsQ3 2023vs Q3 2022$102.8MM$115.2MM
Equity CapitalQ3 2023vs Q3 2022$17.1MM$15.5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$238K$191K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$60K$79K
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for Luso-American Credit Union are currently being reviewed.


Luso-American Credit Union Locations
Branch Office37 Tremont StPeabody, MA 01960
Branch Office79 Lynnfield StPeabody, MA 01960-5201

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