Luso-American Credit Union

Overview / Commentary
37 Tremont St
Peabody, MA 01960

Luso-American Credit Union is headquartered in Peabody and is the 55th largest credit union in the state of Massachusetts. It is also the 1,657th largest credit union in the nation. It was established in 1960 and as of March of 2024, it had grown to 16 employees and 8,941 members at 3 locations. Luso-American Credit Union's CD rates are 3X the national average, and it 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 Grade Components

NCUA #67890
Year Chartered1960
Primary Regulator
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD7.7%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$122.2MM$122.6MM
LoansQ1 2024vs Q1 2023$81.3MM$81.2MM
DepositsQ1 2024vs Q1 2023$103.7MM$106MM
Equity CapitalQ1 2024vs Q1 2023$17.8MM$16.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$323K$229K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$65K$59K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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.

Luso-American Credit Union Savings Account Rates

2.02%$25$1kSuper Savers Account (Youth Savings)
0.10%$0-Regular Savings Account
0.10%$0-Christmas Club Account
0.10%$2-Vacation Club Account

Luso-American Credit Union Money Market Rates

0.15%*$2.5k*-Money Market Account
OTHER TIERS: 0.10% $0 - $2.5k

Luso-American Credit Union Checking Account Rates

0.05%$25-Now Checking Account

Luso-American Credit Union CD Rates

2.78%$500-1 Year CD
1.61%$500-5 Year CD
1.41%$500-4 Year CD
1.00%$500-3 Year CD
0.90%$500-2 Year CD
0.60%$500-13 Month CD
0.35%$500-7 Month CD
0.30%$500-6 Month CD
0.20%$500-90 Day CD

Luso-American Credit Union IRA Rates

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 Office37 Tremont StPeabody, MA 01960
Branch Office79 Lynnfield StPeabody, MA 01960-5201
Corporate Office975 William D Tate AveGrapevine, TX 76051-4097

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