Overview / Commentary
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 1,684th largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 15 employees and 7,830 members at 3 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
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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD3.86%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$93.9MM$90.6MM
LoansQ2 2018vs Q2 2017$65.4MM$61.4MM
DepositsQ2 2018vs Q2 2017$80.5MM$77.5MM
Equity CapitalQ2 2018vs Q2 2017$13.1MM$12.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$103.00K$60.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$318.00K$205.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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* 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

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%*$2.5k*-Money Market Account
OTHER TIERS: 0.10% Up to $2.5k

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
1.61%$500-18 Month 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
Branch Office128 Rogers StGloucester, MA 01930-5005

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