Luso Credit Union Ludlow MA | Best Auto Loans & Personal Banking

Introduction

Welcome to Luso Federal Credit Union, your trusted financial partner in the heart of Ludlow, MA. Established in 1971, we have proudly served our community for over five decades, growing alongside our members and ensuring that their financial needs are met with care and commitment. Located at 599 East St, Ludlow, MA 01056, we invite you to stop by our branch and discover the personal touch that sets us apart. With a total membership of 7,935 individuals and assets exceeding $244,562,133, Luso Federal Credit Union is dedicated to providing exceptional service tailored to each member's unique needs. Whether you're looking for checking and savings accounts, auto loans, or mortgage refinancing options, we've got you covered. Our team of 32 employees, led by CEO Jennifer Calheno and Board President Maria Gomes, is here to support you every step of the way. At Luso, we're not just about numbers; we're about community impact. With total deposits amounting to $13,053,976 and a net worth of $26,482,393, we take pride in being a financially sound institution that invests back into our local area. We understand that trust is built over time, which is why we prioritize transparent communication and reliable services. While members can visit us at 599 East St, official correspondence should be sent to the same address. Feel free to reach out to us at (413) 589-9966 for any inquiries or assistance you may need. Explore our website at lusofederal.com for more information about our products and services. We look forward to welcoming you into our family!

Branch History & Mission

Join Us

As we continue this journey together, we invite you to become part of the Luso family. Experience the benefits of membership firsthand where every decision is made with your best interests at heart. Visit us during our operating hours or reach out at 413-589-9966. Let's build a brighter financial future together!

Our Journey

Luso Federal Credit Union was founded with the vision of providing accessible financial services to everyone in our community. From our humble beginnings at 599 East St, we've evolved significantly while staying true to our core mission: to enhance the financial well-being of our members. Throughout the decades, we've embraced innovations that make banking easier and more efficient for you. We now offer robust online and mobile banking options, ensuring that you can manage your finances whenever and wherever you need. Our commitment to service goes beyond just banking transactions. We take pride in being involved in various community outreach programs aimed at supporting local initiatives and helping those in need. Whether it's offering financial literacy workshops or partnering with local organizations, we believe that a strong community is built on collaboration and support.

Our Mission

At Luso Federal Credit Union, our mission is clear: we strive to provide personalized financial solutions while fostering a culture of trust and community engagement. We are dedicated to making banking not just about numbers but about people your aspirations, your needs, and your future. Our services range from checking and savings accounts to auto loans and mortgage financing all tailored to help you achieve your financial goals. We also recognize the importance of accessibility; that's why we ensure our facilities are ADA compliant and offer convenient drive-thru services alongside ATM availability. While members can visit us at 599 East St for all their banking needs, official correspondence should be sent to 599 East St, Ludlow, MA 1056.

Branch Location & Accessibility

Get in Touch!

If you have any questions or need assistance, don't hesitate to give us a call at 413-589-9966. We look forward to welcoming you into our branch soon! While members can visit us at 599 East St for all their banking needs, official correspondence should be sent to our mailing address at 599 East St, Ludlow, MA 1056. Visit us today and experience the Luso difference!

Nearby Landmarks and Accessibility

Located near the bustling East Street area, our branch is easily accessible for all members. You can find us just a stone's throw from local favorites like the Ludlow Town Common, making it easy to stop by while running errands or enjoying a day out. Our facility is fully ADA compliant, featuring ramps and spacious parking areas to ensure everyone can access our services comfortably.

Operating Hours and Services

We understand that life can get busy, which is why we offer flexible operating hours. Our lobby is open Monday through Wednesday from 8:30 AM to 4:30 PM, and extended hours on Thursday and Friday until 5:30 PM. On Saturdays, we're here from 8:30 AM to 1 PM for your convenience. If you prefer drive-thru banking, we offer that too! Drive-thru service is available Monday through Saturday with early opening times. At Luso Federal Credit Union, we provide a wide range of services tailored to meet your needs be it personal banking with checking and savings accounts or loans for cars and homes. Plus, enjoy easy access to ATMs if you need quick cash or balance inquiries.

Member Eligibility

At Luso, we believe that joining our community is like becoming part of a family where everyone supports one another. To become a member, you'll find that the criteria are quite welcoming! If you live, work, or worship in Hampden County, you're already eligible to enjoy all the benefits we offer. Plus, family members of existing members can also join in on the fun. By choosing us, you gain access to a variety of financial services designed to make your life easier and more secure. Starting your membership journey is straightforward. You can visit us at our branch located at 599 East St Ludlow Ma 01056 or give us a call at (413) 589-9966 for any questions you might have. For detailed and updated eligibility criteria, check out this link: http://www.lusofederal.com/become-a-member. Once you're ready to open an account, you can find all the necessary details here: https://www.lusofederal.com/lending/home-loans/home-equity/. We can't wait to welcome you into the Luso family!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $10 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $1,237,307, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services that Matter

In addition to loans, we offer merchant services designed to simplify transactions for your business. Imagine accepting payments easily from customers while managing your cash flow efficiently. Our services empower you to focus on what you do best growing your business. Located at 599 East St Ludlow Ma 01056, Ludlow, MA 01056, we're ready to partner with you on your journey to success. For more information or to discuss how we can assist you further, give us a call at (413) 589-9966. Your success is our priority!

Comprehensive List Of Services

ATM & Drive-Thru Services

We also understand the importance of easy access to your money. Our ATMs allow for basic functions like withdrawals and balance checks without hassle. If you prefer face-to-face service but are short on time, our drive-thru banking makes it simple to complete deposits and withdrawals with minimal wait. At Luso Federal Credit Union, we're proud of the many ways we serve our members' needs each service designed with you in mind. If you're ready to take control of your financial future or simply have questions about how we can assist you further, don't hesitate to reach out! Call us at 413-589-9966 or visit us online at Luso Federal Credit Union. We look forward to helping you thrive!

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? At Luso, we specialize in auto loans and vehicle financing that fit your budget. Our competitive rates mean you'll save money while driving off in the car of your dreams. Plus, with flexible terms and quick approvals, getting on the road has never been easier.

Business Banking

If you're an entrepreneur or run a small business, Luso has robust business banking solutions. We offer merchant services to help streamline transactions and business loans that empower you to expand operations or invest in new opportunities.

Credit Cards with Rewards

Our credit cards come with rewards that enhance your purchasing power. From cash back offers to travel benefits, our cards are designed to give you more for every dollar spent. Enjoy peace of mind knowing you have access to credit when you need it most.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why we provide comprehensive online and mobile banking services. Manage your accounts from anywhere using our user-friendly app check balances, transfer funds, pay bills, and even deposit checks right from your phone.

Personal Banking

We offer a variety of personal banking options that make managing your finances easier. With our checking and savings accounts, you can keep your money safe while earning interest. Need funds for an unexpected expense? Our personal loans and debt consolidation services can provide quick relief. For those planning major purchases or investments, our mortgage loans and refinancing options help make home ownership a reality.

Digital & Online Banking

Mobile Banking on the Go

For those who prefer managing their money on mobile devices, our mobile application makes banking even more accessible. You can enjoy mobile payments and person-to-person transfers directly from your smartphone, so sending money to friends or family is as simple as a few taps on the screen. No matter where life takes you, Luso puts the power of banking right at your fingertips. Join us today and experience how our digital and online banking services can simplify your financial journey!

Security and Ease of Use

Security is our top priority. Our electronic signature authorization feature ensures that your sensitive information remains protected while providing a quick way to sign documents without needing to visit a branch. Plus, with e-statements available, you can receive your account statements electronically, reducing paper clutter and making it easy to keep track of your finances.

Financial Strength

Comprehensive Lending Support

Our lending capacity supports your financial goals across various sectors with $360 in used auto loans and $186,798,957 in total loans and leases. This means whether you're looking to buy a car or need financing for another purpose, we're here to help.

Dedicated Team Ready to Serve You

We take pride in having 6 full-time employees and 26 part-time employees who are knowledgeable and committed to serving you. Our dedicated team is always ready to assist you with your banking needs.

Member-Centric Approach

With a total of 15,386 deposit accounts showing a strong member base that trusts us with their finances, Luso remains committed to fostering a community built on trust and mutual benefit. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Luso is your trusted partner. Visit us at 599 East St Ludlow Ma 01056 or call (413) 589-9966 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Secure Savings Options

Members' savings are secured through $87,021,347 in share certificates and $30,802,811 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $26,482,393, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,083 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Earnings and Growth

With $26,482,393 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our operational efficiency is reflected in our $0, which enables us to continue offering competitive loan rates and solid financial products for our members.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $4,451,854 in used vehicle loans and $861,152 in new vehicle loans already helping members get on the road. We provide financing for both new and used vehicles to ensure you find the perfect match for your lifestyle.

Business Loans

For business owners, our outstanding commercial loans totaling $1,237,307 provide the capital needed to grow and expand. We understand the importance of supporting local businesses and are here to help you take the next step. Our commitment to serving you goes beyond just providing loans; it's about empowering you financially. If you're interested in learning more about eligibility options or starting an application process for any of our loan products, don't hesitate to contact us at 413-589-9966. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Luso Federal Credit Union, we're dedicated to helping our members thrive financially through personalized service and a range of lending options that meet your needs now and into the future.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $19,611,120, make buying or refinancing simple. We also offer refinancing options that can help lower your monthly payments or access cash from your home equity.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,685,758 in loans helping members manage their finances effectively. These cards come with no collateral required and can be an excellent tool for building credit and managing everyday expenses.

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