Luso Credit Union

About Luso Credit Union

Luso Credit Union Location

599 East Street
Ludlow, MA 01056

Phone: (413) 589-9966
Website: www.lusofederal.com
Routing/Transit Number: Not Available

Luso Credit Union Information

Luso Credit Union of Ludlow, MA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 6273 members and assets of $153,567,784, as compared to the national average of $93 million dollars of assets per credit union. Luso Credit Union, first opened in 1971 and has been in operation since then. Additionally, Luso Credit Union has 21 full time employees and 5 part time employees, or 241.269230769 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Luso Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Luso Credit Union is a not-for-profit, cooperative, tax-exempt organization.