Credit Unions Near Me
National Credit Union Service Organization

LUSO FEDERAL CREDIT UNION

Dec, 31, 2023 — LUSO FEDERAL CREDIT UNION is a federal credit union headquartered in LUDLOW, MA with 2 branch locations and about $240.83 million in total assets. Opened 53 years ago in 1971, LUSO FEDERAL CREDIT UNION has about 8,095 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211883922
Name:LUSO FEDERAL CREDIT UNION
Address:
(Main Office)
599 East St
LUDLOW, MA 01056
Phone:(413) 589-9966
Fax:(413) 583-4491
Website:https://www.lusofederal.com
Branches:2 branch locations
Members:8,095
Credit Union Type:Federal Credit Union
Charter Number:20600
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1971
Last Audited:Aug 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$240,825,512
CEO/Manager:Jennifer G Calheno
Chairperson:Maria F Gomes

Call Report

  • Credit Builder
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,092,335
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 182,220,981
 Unsecured Loans 2,333,223
 Other Loans 6,697,309
 TOTAL LOANS 191,251,513
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -735,952
 Land And Building 2,582,726
 Other Fixed Assets 363,662
 NCUSIF Deposit 1,853,693
 All Other Assets 0
  TOTAL ASSETS 240,825,512
LIABILITIES & CAPITAL:  
 Dividends Payable 26,949
 Notes & Interest Payable 5,000,000
 Accounts Payable & Other Liabilities 1,658,096
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,653,261
 Regular shares 58,707,864
 All Other Shares & Deposits 122,829,687
  TOTAL SHARES & DEPOSITS 207,190,812
  TOTAL LIABILITIES 213,877,656
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 26,947,856
  TOTAL EQUITY 26,947,856
  TOTAL LIABILITIES, SHARES, & EQUITY 240,825,512
INCOME & EXPENSE  
 Loan Income 7,532,542
 Investment Income 1,001,871
 Other Income 412,584
 Total Employee Compensation & Benefits 2,894,461
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,220,773
 Non-operating Income & (Expense) -345
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 207,141
 Cost of Funds 3,759,026
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -607,838
↑ Back to Top

Other Credit Unions

SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION
640 Page Blvd Ste 102
SPRINGFIELD, MA 01104-3040
HOLYOKE POSTAL CREDIT UNION
650 Dwight St, P. O. Box 2442
HOLYOKE, MA 01041-2442
PREMIER SOURCE FEDERAL CREDIT UNION
232 N MAIN ST
EAST LONGMEADOW, MA 01028-1844
FRANKLIN FIRST FEDERAL CREDIT UNION
57 Newton St
GREENFIELD, MA 01301-3113
ALDEN CREDIT UNION
710 Grattan St
CHICOPEE, MA 01020-1255
GREATER SPRINGFIELD CREDIT UNION
1030 Wilbraham Rd
SPRINGFIELD, MA 01109
MASSMUTUAL FEDERAL CREDIT UNION
1295 State St
SPRINGFIELD, MA 01111
PIONEER VALLEY FEDERAL CREDIT UNION
189 Brookdale Dr
SPRINGFIELD, MA 01104
ARRHA CREDIT UNION
145 Industry Ave
SPRINGFIELD, MA 01104-3222
HOLYOKE CREDIT UNION
490 Westfield Rd
HOLYOKE, MA 01040-1600