Luso American 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 your pocket!

We are a strong and sound, state-chartered and federally insured, financial institution with assets of over $100 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.

Did a friend refer you to us? Ask them to complete a Refer-a-friend form and both of you will get $25.

Click below to become a member or come in and join us today!

Apply for Membership Now!

Customer (Member) Identification Requirements

In accordance with Section 326 of the USA Patriot Act, applicants for new accounts are requested to provide current picture identification that verifies identity including name, address and other identifying information.

In some cases, identification will be requested for current account holders if original documentation was not obtained with the opening of the account. In all cases, protection of our members’ identity and confidentiality is our pledge to you.

We proudly support all efforts to protect and maintain the security of our members and our country.