Luso-American Credit Union Gloucester MA | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Luso-American Credit Union, your trusted financial partner since 1960! Located at 128 Rogers St, Gloucester, MA 01930, we are dedicated to serving our community and providing personalized banking solutions. With a robust membership of over 9,056 individuals, we take pride in being a part of your financial journey. At Luso-American, we understand that every member has unique needs. That's why we offer a wide range of services including personal banking, auto loans, mortgage options, credit cards with rewards, and business banking solutions. Our total assets exceed $121 million, and we maintain a solid net worth of $18,489,877. This financial strength allows us to support our members effectively. While our branch is the heart of our operations, official correspondence can be directed to our mailing address at 37 Tremont St, Peabody, MA 1960. Our team is here to assist you with any inquiries; feel free to reach us at 978-531-5767. Led by our CEO Deborah Luciano and Board President Sergio Costa, we prioritize community engagement and member satisfaction. Our experienced staff of 19 employees is committed to ensuring you receive exceptional service during your visits. Whether you're looking for advice on loans or need help managing your savings, Luso-American Credit Union is here for you. Explore our offerings and let us help you achieve your financial goals today! Visit us or check out our website at luso-american.com for more information.

Branch History & Mission

Luso-american has been a cornerstone of financial support and community spirit in Gloucester, MA, since it opened its doors in 1960. With a proud history spanning over six decades, this credit union has grown alongside its members, evolving to meet their needs while maintaining a strong commitment to service and community engagement. Located at 128 Rogers St, Gloucester, MA 01930, Luso-american serves more than 9,000 members and boasts total assets of over $121 million. The branch's journey began with the vision of providing accessible financial services to everyone in the community. As we grew, so did our offerings from personal banking and auto loans to business banking solutions that cater to local entrepreneurs. While members can visit us at our branch address, official correspondence should be sent to our mailing address: 37 Tremont St, Peabody, MA 1960. This ensures that all communication reaches us without delay. At the heart of Luso-american's mission is a dedication to enhancing the lives of our members and supporting the local community. We strive to provide personalized financial services that empower individuals and families to achieve their dreams. Whether it's helping someone buy their first car or offering small business loans for local ventures, our goal is to make financial health attainable for everyone. We also embrace modern technology to improve member experience. With online banking, mobile payments, and e-statements available, accessing your accounts is both convenient and secure. Our ATM availability further ensures that our members can manage their finances with ease. Community outreach is an integral part of what we do. We partner with local organizations and initiatives that aim to uplift residents in Gloucester and surrounding areas. By investing in community programs, we work together to create a better environment for all. As we look towards the future, we invite you to join the Luso-american family. Experience the benefits of being part of a credit union that truly cares about its members and their aspirations. Discover how we can help you achieve your financial goals today! For more information or to become a member, visit our website or call us at 978-531-5767. Let's build a brighter future together!

Branch Location & Accessibility

Banking Services Tailored for You

Our branch offers a variety of banking services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we've got something for everyone. Plus, enjoy the convenience of our ATM services right on site for easy cash withdrawals and balance checks. If you're on the go or prefer banking from the comfort of your home, don't forget that we also provide online and mobile banking options.

Convenient Operating Hours

We know that life gets busy, which is why our lobby hours are set for Thursday and Friday from 1 PM to 4 PM. Whether you're dropping by for a quick transaction or need assistance with your accounts, we're here during these hours to serve you better.

Friendly Call-to-Action

Ready to experience personalized service? We invite you to visit us at Luso-american today! If you have any questions or need assistance before coming in, feel free to call us at 978-531-5767. We look forward to welcoming you into our community!

Parking and Accessibility Features

At Luso-american, we understand the importance of accessibility. Our parking lot is spacious and designed to accommodate all members. We also have ADA-compliant features like ramps to ensure everyone can access our services comfortably.

Member Eligibility

Joining the Luso-american family is more than just opening a bank account; it's about becoming part of a supportive community that prioritizes your financial well-being. At Luso-american, we welcome individuals who share our values and mission. To be eligible for membership, you should either live, work, worship, or attend school in Essex County or have a family member who is already a member. This means that if you're looking to take control of your finances with personalized services, you're in the right place! You can learn more about the specific eligibility criteria by visiting our website at this link. Opening an account with us is a breeze! Simply head over to this page to start the process and find yourself on your way to enjoying benefits like competitive loan rates and dedicated member support. If you have any questions or need assistance, feel free to give us a call at (978) 531-5767. We're excited to welcome you to our Luso-american community at 128 Rogers St Gloucester Ma 01930!

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 $3 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $17 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $1,278,427, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's competitive market, having efficient payment solutions can set your business apart. Our merchant services simplify transactions, allowing you to focus on what you do best running your business. Imagine accepting payments quickly and securely while keeping your customers happy. That's the difference our services can make. Visit us at 128 Rogers St Gloucester Ma 01930 in Gloucester, MA, or call us at (978) 531-5767 to learn more about how we can assist you in achieving your business goals!

Comprehensive List Of Services

Business Banking

For our business members, Luso-american offers tailored solutions including merchant services and business loans. We understand the unique challenges businesses face, and we're here to help you succeed.

Convenient Access

Accessing your accounts is easier than ever with our ATM services available at various locations. You can withdraw cash or check balances without hassle. Our basic ATM access provides straightforward banking solutions when you're on the go. At Luso-american, we strive to create an inclusive environment where every member feels valued and supported. We invite you to explore these services further by visiting us at 128 Rogers St Gloucester Ma 01930 or calling us at (978) 531-5767. Ready to take the next step? Learn more about becoming a member today by visiting our website or stop by during our lobby hours on Thursday and Friday from 1 PM to 4 PM. Join us in making your financial journey smoother!

Credit Cards

With our credit cards featuring rewards programs, spending can become more rewarding. Earn points on purchases that you can redeem for various benefits while enjoying competitive interest rates and terms.

Loans and Financing

When it comes to financing your dreams, our loan offerings are designed with you in mind. We provide auto loans and vehicle financing that allow you to drive away in the car you want without breaking the bank. Looking to purchase a home? Our mortgage loans and refinancing options help make owning a home more attainable. If you're facing unexpected expenses or need to consolidate debt, our personal loans can give you the support you need.

Personal Banking

Managing your finances should be easy and accessible. At Luso-american, we offer personal banking services that include checking and savings accounts designed to fit your lifestyle. With online and mobile banking options, you can keep track of your accounts anytime, anywhere. Our digital features make it simple to transfer funds, pay bills, and even deposit checks from the comfort of your home.

Digital & Online Banking

Key Features

Our digital banking services include electronic signature authorization, making it simple for you to complete important transactions without the hassle of paperwork. Plus, with e-statements available, you can keep track of your finances in a more organized and environmentally friendly way. For those on the go, our mobile application is perfect for managing your accounts right from your smartphone. You can also enjoy the convenience of mobile payments, allowing you to make quick purchases directly from your device. And if you need to send money to friends or family quickly, our person-to-person transfer feature makes it a breeze!

Security and Accessibility

Your security is our top priority. All of our digital services are designed with advanced security features to protect your personal information. We aim to provide peace of mind while you manage your money online. Whether you're at home or out running errands, accessing your financial information has never been easier. With real-time account management and easy-to-use features, handling your finances is just a click away at Luso-american. Join us in embracing the ease and flexibility of modern banking!

Financial Strength

Member Savings Security

Members' savings are secured through $27,774,886 in share certificates and $1,423,999 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.

Operational Efficiency

Our commitment to operational efficiency is evident with a net income of $987,559. This allows us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 15 full-time employees and 4 part-time employees who are dedicated to providing exceptional service at every branch visit.

Our Financial Health

With a net worth of $18,489,877, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,523 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting in Your Future

With $15,416,471 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our ability to provide support is reflected in our lending capacity; with $264 in used auto loans and $80,849,470 in total loans and leases, we help our members achieve their financial goals across various sectors.

Trust Built on Growth

The strength of our community is also reflected in our numbers. With total share accounts reaching 11,498, it's clear that more individuals are choosing Luso-american as their trusted financial partner. The funds available for lending and investments stand at $126,887, further showcasing our commitment to supporting you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Luso-american is your trusted partner. Visit us at 128 Rogers St Gloucester Ma 01930 or call (978) 531-5767 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,549,766 in used vehicle loans and $1,001,516 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates to ensure you can drive away in the vehicle of your choice.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $17,962,767, make buying or refinancing simple. We guide you through the process and offer tailored solutions that fit your budget and lifestyle.

Other Loan Products

In addition to auto and mortgage loans, we also provide various credit lines for personal use or business needs. Our total credit lines amount to $24,319,701, ensuring that whether it's for an unexpected expense or planned investment, we have you covered. If you're considering refinancing options or want to explore eligibility for any of our loan products, don't hesitate to reach out. We're here to assist you every step of the way. For more information about our loan offerings or to discuss your specific needs, please contact us at 978-531-5767 or visit us at 128 Rogers St Gloucester Ma 01930. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Unsecured Credit Card Loans

Managing day-to-day expenses can be easier with our unsecured credit card loans. We also offer flexible terms on these loans, with a total of $1,735,230 helping members manage their finances effectively. Enjoy the convenience of having access to funds when you need them most.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment ensures that all loan offers are fair and transparent, giving users confidence in their choices. Each listing is backed by verified data from legitimate financial institutions, eliminating concerns about misleading or exaggerated claims.

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