Credit Union was founded in 1960 to serve the financial
needs of the local community. We are a full service
Credit Union and offer financial products, services, and
delivery channels that you may expect from a larger
financial institution, with the personalized and
professional service that you crave.
We differ from banks, because we are a non-profit
cooperative. As such, our focus is to reinvest in our
members and assist in their financial success by
offering better rates, lower fees, and put more money in
We are a strong and sound, state-chartered and federally
insured, financial institution with assets of over $70
Million. We are located in Peabody, Massachusetts and
are overseen by a board of directors comprised of
qualified and visionary community leaders who
consistently center their attention on the future of the
Credit Union, and more importantly, its members.
Now that you know all about us, are your ready to join
the Credit Union and experience banking the right way?
Joining is easy, if you live or work in Essex County,
you simply need to open a savings account with $25 and
you can begin to reap all the benefits of membership at
Luso-American. Come in and join us today!