Overview / Commentary
Luso-American Credit Union is headquartered in Peabody and is the 54th largest credit union in the state of Massachusetts. It is also the 1,622nd largest credit union in the nation. It was established in 1960 and as of December of 2022, it had grown to 14 employees and 8,560 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
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Health
A
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67890 |
| Year Chartered | 1960 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 2.65% |
| Annual Interest Income | $3.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $127.0MM$127.8MM |
| Loans | Q4 2022vs Q4 2021 | $80.5MM$81.0MM |
| Deposits | Q4 2022vs Q4 2021 | $110.5MM$112.2MM |
| Equity Capital | Q4 2022vs Q4 2021 | $15.7MM$15.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $199.00K$192.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $47.00K$70.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |