Luso-American Credit Union is headquartered in Peabody and is the 53rd largest credit union in the state of Massachusetts. It is also the 1,608th largest credit union in the nation. It was established in 1960 and as of March of 2022, it had grown to 15 employees and 8,335 members at 2 locations. Luso-American Credit Union has an A+ health rating.
Membership in Luso American Credit Union is open to those who live or work in Essex County, Massachusetts.
See current membership details
Overall | |
---|---|
NCUA # | 67890 |
Year Chartered | 1960 |
Employees | 15 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.14% |
Return on Equity - YTD | 1.16% |
Annual Interest Income | $798.00K |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2022vs Q1 2021 | $131.0MM$116.8MM |
Loans | Q1 2022vs Q1 2021 | $80.6MM$85.6MM |
Deposits | Q1 2022vs Q1 2021 | $115.2MM$101.3MM |
Equity Capital | Q1 2022vs Q1 2021 | $15.3MM$15.0MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $195.00K$77.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $44.00K$63.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Luso-American Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.02% | $25 | $1k | Super Savers Account (Youth Savings) | |
0.10% | - | - | Regular Savings Account | |
0.10% | - | - | Christmas Club Account | |
0.10% | $2 | - | Vacation Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $2.5k* | - | Money Market Account | ||
OTHER TIERS: 0.10% → Up to $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $25 | - | Now Checking Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.61% | $500 | - | 5 Year IRA | |
1.41% | $500 | - | 4 Year IRA | |
1.00% | $500 | - | 3 Year IRA | |
0.90% | $500 | - | 2 Year IRA | |
0.50% | $500 | - | 1 Year IRA |
Luso-American Credit Union Locations | ||
---|---|---|
Branch Office | 37 Tremont St | Peabody, MA 01960 |
Branch Office | 79 Lynnfield St | Peabody, MA 01960-5201 |