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.
Membership in Luso American Credit Union is open to those who live or work in Essex County, Massachusetts.
See current membership details
|Return on Assets - YTD||1.29%|
|Return on Equity - YTD||9.45%|
|Annual Interest Income||$2.5MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$121.7MM$132.2MM|
|Loans||Q2 2023vs Q2 2022||$84.1MM$79.3MM|
|Deposits||Q2 2023vs Q2 2022||$104.4MM$116.1MM|
|Equity Capital||Q2 2023vs Q2 2022||$16.7MM$15.4MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$187.00K|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$69.00K$57.00K|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Luso-American Credit Union are currently being reviewed.
|Luso-American Credit Union Locations|
|Branch Office||37 Tremont St||Peabody, MA 01960|
|Branch Office||79 Lynnfield St||Peabody, MA 01960-5201|