Sep, 30, 2025 — LUSO-AMERICAN CREDIT UNION is a federally insured state chartered credit union headquartered in PEABODY, MA with 3 branch locations and about $124.43 million in total assets. Opened 66 years ago in 1960, LUSO-AMERICAN CREDIT UNION has about 9,228 members and employs 20 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-AMERICAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 37 Tremont St PEABODY, MA 01960 |
| Phone: | (978) 531-5767 |
| Fax: | (978) 531-4607 |
| Website: | https://www.luso-american.com |
| Branches: | 3 branch locations |
| Members: | 9,228 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67890 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $124,426,321 |
| CEO/Manager: | Deborah A Luciano |
| Chairperson: | Sergio Costa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,357,636 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 70,806,425 |
| Unsecured Loans | 2,821,128 |
| Other Loans | 4,836,245 |
| TOTAL LOANS | 78,463,798 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -391,323 |
| Land And Building | 269,375 |
| Other Fixed Assets | 760,063 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 972,963 |
| All Other Assets | 0 |
| TOTAL ASSETS | 124,426,321 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 394 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 591,521 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,361,873 |
| Regular shares | 47,612,615 |
| All Other Shares & Deposits | 38,368,777 |
| TOTAL SHARES & DEPOSITS | 104,343,265 |
| TOTAL LIABILITIES | 104,935,180 |
| Regular Reserve | 0 |
| Other Reserves | 2,085,847 |
| Undivided Earnings | 17,405,294 |
| TOTAL EQUITY | 19,491,141 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 124,426,321 |
| INCOME & EXPENSE | |
| Loan Income | 2,927,098 |
| Investment Income | 1,279,543 |
| Other Income | 86,978 |
| Total Employee Compensation & Benefits | 1,119,019 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,534,213 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,143 |
| Cost of Funds | 932,251 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 818,406 |
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