Ludlow, MA 01056
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.20% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD 0.65% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Luso is an NCUA insured institution located in Ludlow, MA. It was founded in 1971 and has approximately $226.56 millions in assets.

NCUA Insured Yes
Charter Number # # 20600
Date Established 1971
Assets $226.56 million
Loans $199.69 million
Deposits $195.04 million
Capital $25.16 million

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in, and businesses or other legal entities located throughout Hampden County, Massachusetts are eligible for membership.

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $100 - Learn More
Money Market
0.15% $500 $4,999 Learn More
Money Market
0.20% $5,000 $24,999 Learn More
Money Market
0.25% $25,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.20% $500 - Learn More
12 Mo CD
0.20% $500 - Learn More
18 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
30 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.65% $500 - Learn More
48 Mo CD
0.65% $500 - Learn More
60 Mo CD
0.65% $500 - Learn More
Variable IRA Rates APY MIN MAX
0.10% $500 $4,999 Learn MoreShow Less
Fixed IRA
0.20% $500 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LUSO

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to LUSO
To upload and update your bank's rates please register. It is free to register and add rates.


Below are Luso branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Luso Locations

Financial Details

Luso Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Luso. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Luso U.S. Average
1.19% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, Luso had $180,152 in non-current loans and $129,500 in owned assets. To cover these potential losses it had $25,156,575 in net worth and $886,058 in loans loss reserves. That gives it a Texas Ratio of 1.19%.

Net Worth
Luso U.S. Average
11.1% 13.86%

Luso FCU has a net worth of 11.1% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Luso

Branches and Savings

What is Luso?

A federal credit union, registered with the NCUA under certificate #20600.
Learn more about credit unions here.

Is Luso FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Luso?

Please see Field of Membership information above for information on who is eligible to join.

What are Luso's share account and share certificate rates?

Luso's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Luso?

Luso has total capital of $25.16 million. Full information on Luso's financial position is located above.

Who owns Luso?

Credit Unions are owned by their members.

Where are Luso branches located?

See branch locations nearby.

Are Luso ATMs Open 24/7?

Do Luso ATMs accept cash deposits?

Can Luso customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Luso have a mobile app?

Does Luso have mobile deposit?

Does Luso have quick pay?

How can Luso transfer money to other banks or credit unions?

Does Luso report to credit bureaus?

Does Luso use Chexsystems?

Does Luso use Equifax?

What is Luso's toll free phone number?

What is Luso's ACH Routing Number?

What is Luso's SWIFT code?

Where can I find Luso's wire transfer form?

What is the Luso address for deposits?

What Products Does Luso Offer

Does Luso offer mortgages?

Compare mortgage rates here.

Does Luso offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Luso offer auto and RV loans?

Compare auto loan rates here.

Does Luso offer student loans or personal loans?

Compare personal loan rates here.

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