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Luso-American Credit Union Share
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Overview Share
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Luso-American Credit Union is a federally insured state credit union based in Peabody, Massachusetts. It has been opened since 1960, for 62 years.

With around $94,540,000 in assets, Luso-American Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About Share
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Address 37 Tremont Street
Peabody, Massachusetts 01960
Website http://www.luso-american.com
Phone (978) 531-5767
Fax (978) 531-4607
CEO Ivone Silva
President of the Board Sergio Costa
Services Offered
Score Card Share
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62 years
Years in business
Opened in 1960
Well Capitalized
Net worth classification
Source: NCUA
7,928 members
Membership type: State chartered natural person credit union
Above average number of members
417:1
Credit union member to staff ratio
417 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$94,536,034
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
12.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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3 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
Luso-American Credit Union Branch Locations

Luso-American Credit Union
79 Lynnfield Street
Peabody, Massachusetts 01960
ATM Available
Luso-American Credit Union: Luso American Credit Union
128 Rogers Street
Gloucester, Massachusetts 01930
ATM Available
Members Share
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7,928 members
Membership type: State chartered natural person credit union
Above average number of members

With 7,928 members, the Luso-American Credit Union is considered to be a large credit union. It is larger than 66% of credit unions.

Fees Share
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$15
Average fee per member
The average fee per member at the Luso-American Credit Union is $15, which is low compared to most credit unions. This rate is lower than 77% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Luso-American Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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417:1
Credit union member to staff ratio
417 per each FTE employee
Compared to 411:1 nationally
Fewer staff
19 staff members
FTE (full-time equivalent)
35% of employees are part-time
15 full-time, 8 part-time

Luso-American Credit Union has 15 full-time staff members and 8 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 65% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Luso-American Credit Union has around 417 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$94,536,034
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
14.2%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$21,617
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 93% of credit unions.

Luso-American Credit Union holds a total of $66,450,000 in loans and leases, which is about $21,617 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Luso-American Credit Union pays 0.10%.

Loan rates Share
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12.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.10%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.49%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.75%
Other real estate loan rates
Compared to 0.9% nationally

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Luso-American Credit Union
Credit Union Branch: 79 Lynnfield Street
Peabody, Massachusetts 01960 ATM Available
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Luso-American Credit Union: Luso American Credit Union
Credit Union Branch: 128 Rogers Street
Gloucester, Massachusetts 01930 ATM Available
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Luso-American Credit Union: Luso American Credit Union
Credit Union Branch: 37 Tremont Street
Peabody, Massachusetts 01960 ATM Available
Luso-American Credit Union: Luso American Credit Union ATM
Credit Union ATM: 37 Tremont Street
Peabody, Massachusetts 01960