convenience of a checking account while still earning
interest. Our Now Checking accounts offer you unlimited
check writing, free online bill pay and convenient debit
cards. Maintain a $100.00 balance on this account and
you will never pay our low monthly maintenance fee of
$3.00. Open a checking account today and begin to reap
Rewards®, you choose where to shop and what to get for
all the points you earn. Most rewards programs have
limited options on where to shop, and it takes forever
for your points to accumulate. UChoose Rewards changes
all of that. You have access to hundreds of retailers
earn big rewards, and there are millions of redemption
points add up each and every time you shop with your
Luso-American Credit Union Member Rewards Debit Card.
Plus, shop at participating retailers, and watch your
points add up quicker.
• Use your
Luso-American Debit Card to shop and your points
– Earn 1 point per $2 each time you use your card and sign for
– Plus, earn additional points by shopping at participating
or online at
points for millions of items.
The more you shop,
the more points you earn!
dividend-earning account that establishes Luso-American
CU membership. Make this initial $25 minimum deposit
and, as long as you maintain this balance, you're a
member of Luso-American for life and can enjoy all the
benefits of membership.
Your shares are insured by the National Credit Union
Share Insurance Fund (NCUSIF), which like the FDIC's
Insurance Fund, is a federal insurance fund backed by
the full faith and credit of the United States
Government. The National Credit Union Administration (NCUA)
is the federal agency that administers the NCUSIF.
NCUSIF insurance provides up to $250,000 of coverage per
the sum total of all of your accounts (share draft
checking, savings, certificate of deposit) deposits held
in the same type of ownership (e.g. individual, joint,
organizational, IRA). Therefore it is possible to have
over $250,000 on deposit and still be fully insured as
the NCUA calculates deposit insurance based on the type
of ownership ("right and capacity") in which funds are
owned. Any time there is a change in relationship within
a family, such as a birth, death or divorce, the deposit
insurance coverage of your accounts may be affected.
Your shares that exceed the NCUA's $250,000 limits are
insured by the Massachusetts Share Insurance Corporation
(MSIC) up to $600,000 for individual accounts,
$1,200,000 for joint accounts, $1,200,000 for
organizational accounts, and an unlimited amount for IRA
accounts. MSIC provides this coverage per the sum total
of all of your accounts (share draft checking, savings,
certificate of deposit) deposits held in the same type
of ownership (e.g. individual, joint, organizational,
IRA). Therefore it is possible to have over $600,000 on
deposit and still be fully insured as MSIC calculates
deposit insurance based on the type of ownership ("right
and capacity") in which funds are owned. The
Massachusetts Share Insurance Corporation was organized
in 1961 for the purpose of maintaining a fund for the
insurance of shares and deposits of members of the
credit unions doing business in the state. MSIC's
authority to act is controlled by the Massachusetts
Legislature. Its activities are supervised by the State
Commissioner of Banks. MSIC insurance is backed solely
by its own assets.
money to work for you. If you normally maintain a
balance in your savings account of over $2,500, our
Money Market account may be the account for you. The
Money Market account pays you a slightly higher interest
rate than the regular savings account but allows you to
access your money any time you need it.
savings option with a guaranteed fixed rate of return.
Your rate is locked in when it is opened - eliminating
the volatility inherent in other investments. Rate is
locked in when account is opened or rolled over.
terms of 3,6,7,12,13,24,36,48 and 60 months.
requirements start as low as $500. Minimum balance on
all Certificates is $500.00.
too early or too late to save for your retirement.
LACU's high-yield IRA (individual retirement account)
certificates and IRA Savings. Account options may be
great additions to your overall retirement plan.
Lock in a great
rate and be guaranteed a great return!
As little as
$500 is required to open any IRA certificate (1 to 5 years).
ever wished you would have saved more for your holiday
shopping? With an Luso-American CU Christmas Club
Savings Account, you can save throughout the year so
you'll have all the cash you need for holiday expenses.
account with as little as $2. Make additional deposits
of any amount as often as you would like. In October of
each year, we will send you a check for the balance in
your account and you are ready to begin your shopping!
To renew your account, simply make another deposit and
your on your way for another year.