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Luso American Credit Union

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Luso American Credit Union Rates & Review August 2026

Q: Is a member application needed to join Luso American Credit Union?

Yes, to access services at Luso American Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Luso American Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 30, 2026

Luso American Credit Union rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.89%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 2.65%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not Luso American Credit Union, and you can see how they compare in the Luso American Credit Union rate tables below. MonitorBankRates evaluates the financial stability of Luso American Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.81%. Database rates last updated and verified on 08/30/2026.

Luso American Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Luso American Credit Union? Share your experience about Luso American Credit Union by leaving a review below, or read customer reviews before you decide to use Luso American Credit Union.

Exceptional Health Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.81%

Excellent Lower than avg

Luso American Credit Union
Luso American Credit Union

37 Tremont St
Peabody, MA 01960

https://www.luso-american.com/

Current Rate Availability

We're not currently displaying rates for Luso American Credit Union, but our database is updated constantly — check back soon for the latest offers.

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Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Luso American Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Luso American Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Luso American Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Luso American Credit Union

Website https://www.luso-american.com/

Address 37 Tremont St, Peabody, MA 01960

Phone 978-531-5767

Fax 978-531-4607

President Sergio Costa

CEO Deborah Luciano

Full-Time Employees 16

Part-Time Employees 4

Branch Locations 3

ATM Locations 3

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.81%

Return on Assets (ROA)

0.6577%

Return on Equity (ROE)

4.1989%

Non-Performing Loans Ratio (NPL)

0.20%

Total Assets

124,426,321

Total Amount of Shares and Deposits

104,343,265

Total Shares and Deposits < 1 Year

97,607,669

Total Shares and Deposits 1 3 Years

5,014,033

Total Shares and Deposits > 3 Years

1,721,563

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

7,665,559

Total Uninsured Shares and Deposits > $250K (F+J)

7,665,559

Total Insured Shares and Deposits > $250K (item 17 less item K)

96,677,706

Total Interest Expense (Sum of items 6 8)

932,251

Share Certificates

572

Number of Accounts for Share Drafts

3,629

IRA KEOGH Accounts

205

Number of Accounts for Regular Shares

6,644

All other shares

221

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

818,406

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

35,725,770

Total Liabilities

104,935,180

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Luso American Credit Union earned the Exceptional Health badge

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Customer Reviews

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Average Rating

☆☆☆☆☆

Total Reviews

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Frequently Asked Questions About Luso American Credit Union

How many branches does Luso American Credit Union operate?

Luso American Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Luso American Credit Union?

Yes, to access services at Luso American Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Luso American Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Luso American Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Luso American Credit Union offer online and mobile banking?

Most modern institutions like Luso American Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.luso-american.com/.