Luso-American Credit Union Peabody MA | Best Auto Loans & Business Banking

Introduction

Welcome to Luso American Credit Union, your trusted financial partner located at 37 Tremont St, Peabody, MA 01960. Since our establishment in 1960, we have been dedicated to providing exceptional financial services tailored to meet the needs of our growing community. With a membership base of over 9,000 individuals, we pride ourselves on fostering strong relationships and delivering personalized support. At Luso American Credit Union, we understand that every member has unique financial goals. That's why we offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, and credit cards with rewards. Our commitment extends beyond just banking; it's about empowering our members to achieve their dreams. As of now, we hold total assets amounting to an impressive $121,378,294, backed by total deposits of $13,775,499. With 19 dedicated employees, led by our CEO Deborah Luciano and Board President Sergio Costa, we are here to ensure you receive the best service possible. Our net worth stands at $18,489,877, showcasing our stability and reliability as a financial institution. We invite you to visit us at our branch or reach out via phone at 978-531-5767 for any inquiries or assistance. If you need to send official correspondence, please use our mailing address: 37 Tremont St, Peabody, MA 1960. Whether you're looking for financial advice or ready to open an account, our friendly team is eager to help you navigate your financial journey. Explore more about us on our website here and discover how we can serve you better!

Branch History & Mission

Community Focused

At Luso-american, we recognize the importance of being there for our members not just financially but also as a part of their everyday lives. Whether it's through our drive-thru service or ATM availability, convenience is key in how we operate. Our lobby hours cater to busy schedules: Monday through Wednesday from 9:00 AM to 5:00 PM, Thursday and Friday until 6:00 PM, and Saturday mornings for your banking needs. We want every member who walks through our doors or interacts with us online to feel valued and supported. While you can visit us at our physical location for all your banking needs, official correspondence should be directed to our mailing address at 37 Tremont St, Peabody, MA 1960.

Join Us

As we look toward the future, we invite you to become part of the Luso-american family. Experience firsthand how we combine exceptional service with a genuine commitment to community well-being. Explore what membership can offer you by visiting our website at luso-american.com or give us a call at 978-531-5767. Together, let's build a brighter financial future!

Our Journey

From our humble beginnings in 1960, Luso-american has witnessed significant milestones that reflect our commitment to excellence and community service. We have consistently expanded our offerings to include personal banking services such as checking and savings accounts, auto loans, mortgage loans, and business banking solutions. Our dedication to innovation is evident in our digital advancements like online banking and mobile payments, making it easier than ever for members to manage their finances on the go. Our mission is simple yet profound: to provide accessible financial services while uplifting the communities we serve. We believe in fostering strong relationships with our members by offering personalized service and support. This commitment extends beyond transactions; we actively engage in community outreach programs and partnerships that aim to enrich the lives of those around us.

Branch Location & Accessibility

Connect With Us

Got questions or ready to get started? Don't hesitate to reach out! You can give us a call at 978-531-5767 or simply drop by during our operating hours. We look forward to welcoming you into the Luso-american family!

Operating Hours

At Luso-american, we understand that life can get busy, which is why we offer flexible operating hours designed to fit your schedule. Our lobby is open from Monday to Wednesday from 9:00 AM to 5:00 PM, and on Thursday and Friday from 9:00 AM to 6:00 PM. For those who prefer drive-thru service, we're here for you on Saturdays from 8:30 AM until 1:00 PM. Whether you need a quick deposit or want to discuss your banking needs, our team is ready to assist you.

Services Offered

We're proud to provide a variety of services that cater to personal and business banking needs alike. From checking and savings accounts to auto loans and mortgage refinancing, Luso-american has you covered. Our drive-thru also allows for quick transactions like deposits and withdrawals without leaving your vehicle. And if you're in need of cash after hours? No problem! Our ATM availability ensures you can access your funds whenever you need them.

Member Eligibility

At Luso-american, we believe that everyone deserves a chance to join our welcoming community. Becoming a member is easy and open to those who live, work, or worship in the local area, along with their family members. We value inclusivity and are committed to providing financial services that cater to your needs. If you're ready to experience personalized banking and enjoy benefits like lower loan rates and higher savings yields, we invite you to check out the full eligibility criteria at https://www.luso-american.com/online-services/become-a-member/. You can easily start your membership journey by visiting us at 37 Tremont St Peabody Ma 01960 or by calling us at (978) 531-5767 for more information. For account opening, just follow this link: https://web2.secureinternetbank.com/pbi_pbi1151/enroll/211385132. Join us today and discover the advantages of being part of the Luso-american family!

Business Banking & Commercial Services

Business 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

Imagine being able to process payments quickly and securely while focusing on what you do best running your business. Our merchant services make it easy for you to accept payments from customers, whether they prefer credit cards, debit cards, or mobile payments. This means more satisfied customers and a smoother checkout experience. Located at 37 Tremont St Peabody Ma 01960, Peabody, MA, we are here to help you navigate your financial needs. Contact us at (978) 531-5767 today to learn more about how we can assist your business!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're thinking about buying a new car or refinancing an existing loan, look no further. Our Auto Loans & Vehicle Financing services provide competitive rates that make owning a vehicle more affordable. Picture yourself driving off in that new car while enjoying flexible repayment options tailored to fit your budget.

Business Banking Services

For entrepreneurs, we offer comprehensive Business Banking services including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we're here to support your growth with tailored financial solutions.

Convenient Access

Accessing your funds has never been easier with our ATM and cash withdrawal services available at various locations. Plus, enjoy the convenience of basic drive-thru banking where you can handle deposits, withdrawals, and simple transactions without leaving your car. In addition, with features like person-to-person payments and mobile payment options, managing finances on-the-go is simple and secure. At Luso-american, we are more than just a credit union; we are a community partner committed to helping you achieve your financial goals. For more information about how we can assist you or to discuss any specific needs you may have, don't hesitate to reach out at (978) 531-5767 or visit us online at Luso American Credit Union. Your financial well-being starts here!

Credit Cards with Rewards

Don't forget about our Credit Cards with Rewards! They are perfect for those who want to earn points on their everyday purchases. Imagine shopping and getting rewarded for it what's not to love?

Mortgage Loans & Refinancing

Homeownership is within reach with our Mortgage Loans & Refinancing solutions. We understand that purchasing a home is one of the biggest decisions you'll ever make. Our team is here to guide you through the process, offering support every step of the way whether you're buying your first home or looking to refinance for better rates.

Personal Banking Solutions

Managing your money is easier with our Personal Banking options. We offer checking and savings accounts designed for everyday needs. Imagine having a hassle-free way to save for that dream vacation or simply keep track of your daily expenses. With our online and mobile banking features, accessing your account is as easy as tapping on your phone, anytime and anywhere.

Personal Loans & Debt Consolidation

For those unexpected expenses or if you're looking to consolidate debt, our Personal Loans can help ease the burden. You can use these loans for anything from medical bills to home improvements, allowing you to take control of your financial situation without stress.

Digital & Online Banking

Key Features

With our online banking platform, you can effortlessly manage your accounts 24/7. Check balances, transfer funds, and pay bills right from the comfort of your home or on the go. And for those who prefer using their smartphones, our mobile application is available for download, making banking even more convenient. One of the standout features at Luso-american is our electronic signature authorization. This allows you to complete transactions quickly and securely without needing to visit a branch. Plus, with e-statements available, you can easily keep track of your finances without the hassle of paper clutter.

Security and Accessibility

We prioritize your security with robust measures in place to protect your personal information and transactions. Our platform supports mobile payments, so you can make purchases directly from your phone with ease. If you need to send money to friends or family, our person-to-person transfer feature makes it simple and fast. Whether you're at home or out running errands, managing your finances has never been easier. From setting up recurring payments to accessing real-time account updates, everything is designed with you in mind. At Luso-american, we believe that banking should fit into your lifestyle seamlessly. Take advantage of all these features today and discover how effortless managing your money can be!

Financial Strength

Conclusion

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 37 Tremont St Peabody Ma 01960 or call (978) 531-5767 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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.

Our Solid Foundation

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.

Supporting Your Financial Goals

With $264 in used auto loans and $80,849,470 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our $987,559 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 15 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share Accounts stand at 11,498, showing a strong and growing member base that trusts us with their finances.

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 financing options for both new and used vehicles, making it easy for you to drive off with confidence.

Business Financing

For business owners, our outstanding commercial loans totaling $1,278,427 provide the capital needed to grow and expand. We offer tailored solutions that cater to various business needs. At Luso-american, we believe everyone deserves access to the financial resources they need. If you're interested in learning more about any of our loan products or checking your eligibility, please give us a call at (978) 531-5767 or visit us at 37 Tremont St Peabody Ma 01960, Peabody, MA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us support you on your journey towards achieving financial well-being!

Credit Lines and Unsecured Credit Cards

If you need access to funds for unexpected expenses or want to consolidate debt, our credit lines and unsecured credit card loans are here for you. With a total of $1,735,230 in unsecured credit card loans available, we provide flexible terms that help members manage their finances effectively.

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 offer competitive rates and flexible terms designed to fit your budget. Plus, if you're considering refinancing your current mortgage, we have options that could help lower your monthly payments.

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