Sep, 30, 2025 — LUSO FEDERAL CREDIT UNION is a federal credit union headquartered in LUDLOW, MA with 2 branch locations and about $238.77 million in total assets. Opened 55 years ago in 1971, LUSO FEDERAL CREDIT UNION has about 7,906 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 7,906 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $238,766,184 |
| CEO/Manager: | Jennifer G Calheno |
| Chairperson: | Maria F Gomes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,629,697 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 181,349,010 |
| Unsecured Loans | 2,321,873 |
| Other Loans | 7,245,526 |
| TOTAL LOANS | 190,957,579 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -622,839 |
| Land And Building | 2,503,291 |
| Other Fixed Assets | 314,342 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,824,364 |
| All Other Assets | 0 |
| TOTAL ASSETS | 238,766,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 305 |
| Notes & Interest Payable | 4,031 |
| Accounts Payable & Other Liabilities | 1,147,831 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,182,939 |
| Regular shares | 53,023,953 |
| All Other Shares & Deposits | 131,944,562 |
| TOTAL SHARES & DEPOSITS | 211,151,454 |
| TOTAL LIABILITIES | 212,306,977 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 26,459,207 |
| TOTAL EQUITY | 26,459,207 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 238,766,184 |
| INCOME & EXPENSE | |
| Loan Income | 6,079,842 |
| Investment Income | 1,274,745 |
| Other Income | 328,702 |
| Total Employee Compensation & Benefits | 2,096,391 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,156,232 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,793 |
| Cost of Funds | 3,579,430 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 193,500 |
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