Luso Federal Credit Union

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A short history of Luso FCU

Since its inception in 1971 the Luso Federal Credit Union has been serving its members in the Ludlow, 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 Jennifer Calheno, the Luso FCU has grown its membership to over 7,700 with assets of more than $217,850,392. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (413) 589-9966 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Ludlow, MA.

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

Charter Number 20600
Address 599 East St 
City Ludlow 
State Massachusetts 
Zip-Code 01056
Phone Number (413) 589-9966
Fax Number (413) 583-4491
Email Address:
CEO/President Jennifer Calheno
Members 7,700 
Full-Time Employees 29 
Part-Time Employees
Number of Branch Offices
Total Assets 217,850,392 

Compare Luso Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Pioneer Valley CU Baystate Branch 2 Medical Center Dr 01104 (413) 733-2800 No 4.57
Arrha CU 63 Park Avenue 63 Park Ave 01089 (413) 562-4092 No 5.55
Springfield Street Railway Emp. CU springfield street railway employees credit union 640 Page Blvd Ste 102 01104 (413) 781-4454 No 6.17
Greater Springfield CU Main Office 1030 Wilbraham Rd 01109 (413) 782-3161 No 6.35
Polish National CU Hampden 25 E Longmeadow Rd 01036 (413) 566-0084 No 6.83

Luso Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Luso Federal 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 10.10 3.18 2.44 3.63 4.28
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 261 164 45 86 136
Rank Among All Massachusetts Credit Unions 15 46 6 16 29

Luso Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.06 0.10 0.72 1.66 1.60
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 123 129 35 72 85
Rank Among All Massachusetts Credit Unions 9 19 5 5 6
Luso Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.1005462,157,269
All Other Unsecured Loans/Lines of Credit 8.5503041,082,933
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.180771,574,046
Used Vehicle Loans 2.4405866,086,794
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6301,260162,065,231
Total Other Real Estate Loans/Lines of Credit 4.28031210,706,744
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.65087890,722
TOTAL LOANS & LEASES 3,172184,563,739

Luso Federal 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 45679,391,596244,239,810
    b. 15 Years or less 60257,361,120202,921,100
    a. > 15 years 244,240,6273505,050
    b. 15 Years or less 91,253,5362264,000
Other Fixed Rate 355,590,179332,925,183
Adjustable Rate 1 yr or less 1047,691,642562,436,880
Adjustable Rate > 1 yr 306,536,531194,573,047


Closed-End Fixed Rate 952,650,59112502,590
Closed-End Adjustable Rate 323,79300
Open-End Adjustable Rate 1997,653,3981041,705,848
Open-End Fixed Rate 15378,962145,450
TOTALS 1,572172,771,97527420,118,958


Interest Only & Payment Option 1st Mortgage Loans 13313,040,7925,362,063
Interest Only & Payment Option Other RE/LOC Loans 1997,653,3981,705,848
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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