Luso-american Credit Union

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A short history of Luso-american CU

Since its inception in 1960 the Luso-american Credit Union has been serving its members in the Peabody, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Ivone Silva, the Luso-american CU has grown its membership to over 7,526 with assets of more than $90,609,546. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (978) 531-5767 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Peabody, MA.

General Information For Luso-american CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67890
Address 37 Tremont St 
City Peabody 
State Massachusetts 
Zip-Code 01960
Phone Number (978) 531-5767
Fax Number (978) 531-4607
Email Address: none
CEO/President Ivone Silva
Members 7,526 
Full-Time Employees 16 
Part-Time Employees
Number of Branch Offices
Total Assets 90,609,546 

Compare Luso-american Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Peabody Municipal CU Peabody Municipal FCU 12 Chestnut St 01960 (978) 532-1385 No 2.33
Danvers Municipal CU Danvers Town Hall 1 Sylvan St 01923 (978) 777-0001 No 2.74
St. Jean's CU Main office-lynn 250 maple st 01904 (781) 592-5420 No 3.95
Greater Salem Employees CU GSEFCU 10 Colonial Rd Ste 1A 01970 (978) 745-9803 No 4.05
Lynn Firemens CU Lynn Firemen's FCU 30 Boston St Ste 9 01904 (781) 593-8354 No 4.76

Luso-american Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Luso-american Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.99 2.49 2.49 4.00 3.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 458 83 51 138 38
Rank Among All Massachusetts Credit Unions 33 25 7 35 5

Luso-american Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.15 0.50 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 129 124 263 227
Rank Among All Massachusetts Credit Unions 10 19 27 52 45
Luso-american Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9901,5651,802,154
All Other Unsecured Loans/Lines of Credit 10.9904441,225,066
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.49094977,627
Used Vehicle Loans 2.4902912,646,036
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00018340,776,870
Total Other Real Estate Loans/Lines of Credit 3.25022413,013,749
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.100146991,444
TOTAL LOANS & LEASES 2,94761,432,946

Luso-american Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 9619,242,6672576,000
    b. 15 Years or less 617,996,79200
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 2313,065,61642,650,000
Adjustable Rate 1 yr or less 3471,79500
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 342,546,5723140,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 19010,467,1776193,156
Open-End Fixed Rate 0000
TOTALS 40753,790,619153,559,156


Interest Only & Payment Option 1st Mortgage Loans 6107,1200
Interest Only & Payment Option Other RE/LOC Loans 18410,370,255193,156
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Luso-american Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes