Luso-American Credit Union

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.luso-american.com

978-531-5767

37 Tremont St
Peabody, MA 01960

Luso-American Credit Union is headquartered in Peabody and is the 55^th largest credit union in the state of Massachusetts. It is also the 1,629^th largest credit union in the nation. It was established in 1960 and as of March of 2025, it had grown to 16 employees and 8,797 members at 3 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

Reviews

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Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	67890
Year Chartered	1960
Employees	16
Primary Regulator

Profit Margin
Return on Assets - YTD	0.74%
Return on Equity - YTD	4.88%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$126.2MM$122.2MM
Loans	Q1 2025vs Q1 2024	$79.3MM$81.3MM
Deposits	Q1 2025vs Q1 2024	$106.6MM$103.7MM
Equity Capital	Q1 2025vs Q1 2024	$18.9MM$17.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$404K$323K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$61K$65K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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

Locations

Luso-American Credit Union Locations
Branch Office	37 Tremont St	Peabody, MA 01960
Branch Office	79 Lynnfield St	Peabody, MA 01960-5201
Corporate Office	975 William D Tate Ave	Grapevine, TX 76051-4097

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