Luso-American Credit Union Peabody MA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Luso-american Credit Union, where your financial well-being is our top priority! Established in 1960, we have proudly served the Peabody community and beyond for over six decades. Located at 79 Lynnfield St, Peabody, MA 01960, our branch is not just a place for transactions; it's a hub of support, guidance, and trust. With a total membership of 9,056 and assets exceeding $121 million, we are committed to providing exceptional services that cater to your unique financial needs. At Luso-american, we understand that every member has different goals and dreams. That's why we offer a diverse range of services, including personal banking accounts, auto loans, mortgage options, business banking solutions, and much more. Our robust total deposits stand at $13,775,499, reflecting the strong trust placed in us by our members. Under the leadership of our dedicated CEO, Deborah Luciano, and Board President Sergio Costa, we strive to create a welcoming atmosphere where everyone feels valued. Our team of 19 employees is here to help you navigate your financial journey with personalized advice and friendly service. While you can always reach us at our branch location, we encourage you to visit our website at luso-american.com for more information about our offerings or to get started on your membership journey today! If you have questions or need assistance, don't hesitate to call us at 978-530-4453. We look forward to serving you!

Branch History & Mission

At Luso-american Credit Union, we take pride in our rich history and unwavering commitment to serving the community. Established in 1960, our branch has been a cornerstone of financial support in Peabody, MA. Over the years, we have evolved alongside our members, growing from a small credit union to a vibrant institution with over 9,000 members and total assets exceeding $121 million. Our address at 79 Lynnfield St, Peabody, MA 01960 places us at the heart of this wonderful community. From our humble beginnings, we have focused on fostering financial wellness and empowerment among our members. Our mission is simple yet profound: to provide accessible financial services while enhancing the quality of life for our members and the broader community. Whether it's through personal banking options like checking and savings accounts, auto loans, or mortgage financing, we strive to meet the diverse needs of those we serve. While members can visit us at 79 Lynnfield St for all their banking needs, official correspondence should be sent to 79 Lynnfield Street, Peabody, MA 1960 if it differs from our physical location. We are dedicated to making your experience seamless and convenient. Luso-american Credit Union is not just about banking; it's about building relationships. With a strong focus on community outreach and partnerships, we actively engage in local events and initiatives that uplift those around us. Our commitment to ADA compliance ensures that everyone can access our services without barriers. We understand that modern banking requires digital solutions. That's why we've embraced technology with online and mobile banking services available for our members. You can easily manage your accounts through your smartphone or computer whether you need to check your balance or transfer funds. Our operating hours are designed with you in mind: Monday through Wednesday from 9:00 AM to 5:00 PM, Thursday and Friday from 9:00 AM to 6:00 PM, and Saturday from 8:30 AM to 1:30 PM. We also offer ATM availability for those times when you need cash quickly. We invite you to be part of something special. Join Luso-american Credit Union today and experience firsthand how we can help you achieve your financial goals while being an integral part of this wonderful community. For more information or to become a member, please visit our website or call us at 978-530-4453. Let's build a brighter future together!

Branch Location & Accessibility

Convenient Access and Parking

At our Peabody location, we prioritize accessibility for all members. You'll find ample parking available right outside our branch, along with features like ADA-compliant ramps to ensure everyone can access our services comfortably. Our friendly staff is always ready to assist you, whether you need help inside the branch or at our ATM.

Operating Hours Designed for You

We understand that life can be busy! That's why our operating hours are designed to fit your schedule. Visit us Monday through Wednesday from 9:00 AM to 5:00 PM, or swing by on Thursday and Friday when we're open until 6:00 PM. We also welcome you on Saturdays from 8:30 AM to 1:30 PM.

Services Tailored to Your Needs

At Luso-american Credit Union, we offer a range of services that cater to both personal and business banking needs. From checking and savings accounts to auto loans and credit cards with rewards, we have solutions that suit every member's financial goals. While we do not have drive-thru service, our dedicated team is here to assist you inside the branch. While members can visit us at 79 Lynnfield St, official correspondence should be sent to the same address. For any questions or assistance, don't hesitate to call us at 978-530-4453. We look forward to seeing you soon!

Member Eligibility

At Luso-american, we believe that becoming a member is like joining a family where your financial goals are supported and celebrated. If you're looking to become part of our community, the good news is that eligibility is quite simple! Anyone who lives, works, worships, or attends school in the area can join us. We welcome individuals from all walks of life and are excited to offer you the benefits that come with membership like personalized service, competitive rates on loans, and access to exclusive financial products designed just for you. Ready to take the next step? You can learn more about the specific eligibility criteria by visiting our website at https://www.luso-american.com/online-services/become-a-member/. When you're ready to open an account, it's as easy as clicking this link: https://web2.secureinternetbank.com/pbi_pbi1151/enroll/211385132. If you have any questions or need assistance, feel free to give us a call at (978) 530-4453. We can't wait to welcome you to our community at 79 Lynnfield St Peabody Ma 01960!

Business Banking & Commercial Services

Lending Solutions for Every Need

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 That Make Transactions Easy

Imagine running your business without worrying about payment processing. Our merchant services help you accept payments effortlessly, whether it's through credit cards or mobile payments. This means more time focusing on what you do best growing your business. Located at 79 Lynnfield St Peabody Ma 01960 in Peabody, MA, our team is ready to partner with you for all your business banking needs. Reach out to us at (978) 530-4453 today!

Comprehensive List Of Services

Business Banking Solutions

For our business members, 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 have tailored financial products to support your growth.

Convenient Digital Services

In today's fast-paced world, convenience is key. That's why we prioritize digital banking features like online and mobile banking, allowing you to manage your finances on-the-go. Need cash? Our ATM services ensure you can access your funds whenever necessary. At Luso-american, we're committed to ensuring that banking is not just a task but an experience that supports your goals and aspirations. Ready to explore these services further? Give us a call at (978) 530-4453 or visit us at 79 Lynnfield St Peabody Ma 01960 today! Discover how we can help simplify your financial life at Luso-american Credit Union!

Financing Your Dreams

Need a new car? Our auto loans and vehicle financing services are designed to help you hit the road in style without breaking the bank. With competitive rates, we make it easy to finance the vehicle of your choice. For those considering home ownership or looking to refinance an existing mortgage, our mortgage loans offer flexible terms to suit your needs. If you're facing unexpected expenses or wish to consolidate debt, our personal loans can provide quick relief. We work with you to find the best solution that fits within your budget.

Personal Banking Made Easy

Our personal banking options include both checking and savings accounts tailored to fit your lifestyle. Imagine effortlessly managing your day-to-day expenses while saving for that special vacation or emergency fund. Our accounts come with features that make banking convenient, such as online and mobile banking access. You can easily check your balance, transfer funds, and even pay bills from anywhere at any time.

Rewarding Credit Options

Our credit cards with rewards give you more than just a way to make purchases; they provide valuable benefits that can enhance your spending power. Enjoy earning points or cash back on everyday expenses it's like getting rewarded for being financially responsible!

Digital & Online Banking

Key Features

Visit us at http://www.luso-american.com/ to explore all that we offer. Our online platform allows you to view your account balances, transfer funds, and pay bills with just a few clicks. Plus, our electronic signature authorization feature means you can complete transactions from the comfort of your home without needing to visit a branch. Worried about keeping track of your statements? Our e-statements are available for easy access and help keep your financial records organized and clutter-free. And if you're always on the go, our mobile application makes it even simpler to manage your accounts right from your smartphone.

Security and Convenience

We prioritize your security. Our systems are built with advanced security features to protect your information while giving you peace of mind. You can also take advantage of our mobile payments feature, allowing you to make quick transactions directly from your phone. Need to send money to friends or family? With our person-to-person transfer service, it's easy! You can send money instantly without the hassle of cash or checks. In summary, Luso-american is committed to providing accessible and user-friendly digital banking solutions tailored to fit your lifestyle. Whether you're checking balances, transferring funds, or managing payments, we have the tools you need for real-time account management all at your fingertips!

Financial Strength

Growing Member Trust

With $126,887 available for lending and investments and a total of 11,498 strong share accounts, we see a growing member base that trusts us with their finances. This reflects the trust placed in us by our community a testament to our reliability as your financial partner. In 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 79 Lynnfield St Peabody Ma 01960 or call (978) 530-4453 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.

Investing Back into the Community

Our commitment to service is also reflected in our $15,416,471 in undivided earnings. These funds allow us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $264 in used auto loans and $80,849,470 in total loans and leases, our lending capacity supports your financial goals across various sectors.

Operational Efficiency

Our operational efficiency shines through with a reported $987,559, which enables 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 who are dedicated to providing exceptional service every day.

Secure Savings Opportunities

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. We prioritize our members over traditional banking practices; with non-member deposits at $0, our resources are focused solely on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong 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. This solid footing enables us to navigate economic uncertainties with confidence. Our net worth ratio of $1,523 further demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Loan Services

For business owners, our outstanding commercial loans totaling $1,278,427 provide the capital needed to grow and expand. We aim to support local businesses with tailored solutions that meet their specific needs. If you're considering refinancing any existing loans or want to explore eligibility options for our loan products, feel free to reach out. Our dedicated team is ready to assist you in finding the right financial solutions. For more information about our loan offerings or to get started on an application, call us today at (978) 530-4453. We're here to help you take the next steps toward achieving your financial dreams! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

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. Whether it's a new or used vehicle, our financing options can make your purchase easier and more affordable.

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 provide personalized guidance to ensure you find a mortgage solution that fits your budget and lifestyle.

Unsecured Credit Cards

We also offer flexible terms on unsecured credit card loans, with a total of $1,735,230 in loans helping members manage their finances effectively. With competitive rates and rewards programs, our credit cards are designed to give you purchasing power while keeping your finances under control.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a focus on transparency and reliability, LendMesh stands out as a trusted tool for consumers looking to make informed borrowing decisions. LendMesh ensures accurate loan comparisons by sourcing loan data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This information is based on the latest results, ensuring users receive fair and transparent offers (Source: https://www.ncua.gov). By connecting users with verified financial institutions, LendMesh guarantees that the offers displayed are legitimate and trustworthy. The benefits of using LendMesh are clear: - Verified Data: Loan offers come from credible financial institutions, enhancing transparency for users. - No Sponsored Listings: Unlike other comparison tools, LendMesh does not prioritize lenders based on paid promotions. The goal is to deliver unbiased results every time. - Real-Time Rate Comparisons: Users can access up-to-date loan rates from various institutions, empowering them to make informed decisions quickly. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" For anyone seeking the best loan options tailored to their needs, comparing real-time loan offers is just a click away. Start your journey today at LendMesh and discover the best rates available. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

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