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  2. Luso-American Credit Union

Luso-American Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.61%5-year CD5 Year CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.50%1-year CD1 Year CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.10%SavingsRegular Savings Account
1.15% - CIT Bank Spring Savings
View all Luso-American Credit Union rates »

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 58th largest credit union in the state of Massachusetts. It is also the 1,703rd largest credit union in the nation. It was established in 1960 and as of March of 2017, it had grown to 16 employees and 7,427 members at 2 locations. Luso-American Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Essex County in Massachusetts.
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Health
A

Data as of Q1 2017

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Luso-American Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #67890
Year Chartered1960
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD2.27%
Annual Interest Income$713.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$90.8MM$85.0MM
LoansQ1 2017vs Q1 2016$59.4MM$52.8MM
DepositsQ1 2017vs Q1 2016$78.0MM$72.0MM
Equity CapitalQ1 2017vs Q1 2016$12.4MM$12.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$63.00K$132.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$197.00K$52.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Luso-American Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%-$1kSuper Savers Account (Youth Savings)
0.10%--Regular Savings Account
0.10%--Christmas Club Account
0.10%--Vacation Club Account

Luso-American Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$2,500*-Money Market Account
OTHER TIERS: 0.10% → Up to $2,500

Luso-American Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Now Checking Account

Luso-American Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.50%$500-1 Year 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Luso-American Credit Union Locations
Branch Office37 Tremont StPeabody, MA 01960
Branch Office79 Lynnfield StPeabody, MA 01960-5201