Luso-American Credit Union

About Luso-American Credit Union

Luso-American Credit Union Location

37 Tremont Street
Peabody, MA 01960

Phone: (978) 531-5767
Website: www.luso-american.com
Routing/Transit Number: Not Available

Luso-American Credit Union Information

Luso-American Credit Union of Peabody, 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 7424 members and assets of $70,005,422, as compared to the national average of $93 million dollars of assets per credit union. Luso-American Credit Union, first opened in 1960 and has been in operation since then. Additionally, Luso-American Credit Union has 13 full time employees and 2 part time employees, or 494.933333333 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-American 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-American Credit Union is a not-for-profit, cooperative, tax-exempt organization.