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APR

Auto Loans

2.74%

First Mortgage

Call!

Home Equity

Line of Credit

3.25% ‡

Personal Unsecured

Loans

10.90%


† Annual Percentage Rate
APR is Variable Tied to
WSJ Prime

   (3.25%).

 

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● Luso American Credit Union

   Holds Shred Day

 

● Luso American Credit Union

   Launches New Youth Account


● Auto Finance Tips

   Refinancing Your Car Loan

● CU Efficiencies Drive Dividends

● When Lender Says NO

   Turn To Credit Unions

   

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Interest-Bearing Now Checking
 

Enjoy the convenience of a checking account while still earning interest. Our Now Checking accounts offer you unlimited check writing, free online bill pay and convenient debit cards. Maintain a $100.00 balance on this account and you will never pay our low monthly maintenance fee of $3.00. Open a checking account today and begin enjoying the benefits.

 

FREE Checking
 

There is no minimum balance required to maintain this account, there is no monthly service charge and no per-item charge with a LACU FREE Checking Account either.
 

UCHOOSE REWARDS®

 

 

With UChoose Rewards®, you choose where to shop and what to get for all the points you earn. Most rewards programs have limited options on where to shop, and it takes forever for your points to accumulate. UChoose Rewards changes all of that. You have access to hundreds of retailers where you earn big rewards, and there are millions of redemption choices!
 

Watch your points add up each and every time you shop with your Luso-American Credit Union Member Rewards Debit Card. Plus, shop at participating retailers, and watch your points add up quicker.
 

How Does It Work?
 

• Use your Luso-American Debit Card to shop and your points

  accumulate:
   – Earn 1 point per $2 each time you use your card and sign for

      your purchases.
   – Plus, earn additional points by shopping at participating retailers

      in-store or online at www.uchooserewards.com.
• Redeem points for millions of items.


It’s that easy!
The more you shop, the more points you earn!
 

 

Youth Super Saver Account
 

 

 

This exciting new account is built exclusively for our younger members ages 5-17. To encourage a habit of saving, we pay 2% interest on the first $1,000 deposited into an account. Amounts over $1,000 will earn the regular savings account rate. Only one Luso Super Saver account per person.
 

SAVINGS (SHARE) ACCOUNT
 

A dividend-earning account that establishes Luso-American CU membership. Make this initial $25 minimum deposit and, as long as you maintain this balance, you're a member of Luso-American for life and can enjoy all the benefits of membership.
 

NCUA
Your shares are insured by the National Credit Union Share Insurance Fund (NCUSIF), which like the FDIC's Insurance Fund, is a federal insurance fund backed by the full faith and credit of the United States Government. The National Credit Union Administration (NCUA) is the federal agency that administers the NCUSIF. NCUSIF insurance provides up to $250,000 of coverage per the sum total of all of your accounts (share draft checking, savings, certificate of deposit) deposits held in the same type of ownership (e.g. individual, joint, organizational, IRA). Therefore it is possible to have over $250,000 on deposit and still be fully insured as the NCUA calculates deposit insurance based on the type of ownership ("right and capacity") in which funds are owned. Any time there is a change in relationship within a family, such as a birth, death or divorce, the deposit insurance coverage of your accounts may be affected.

MSIC
Your shares that exceed the NCUA's $250,000 limits are insured by the Massachusetts Share Insurance Corporation (MSIC) up to $600,000 for individual accounts, $1,200,000 for joint accounts, $1,200,000 for organizational accounts, and an unlimited amount for IRA accounts. MSIC provides this coverage per the sum total of all of your accounts (share draft checking, savings, certificate of deposit) deposits held in the same type of ownership (e.g. individual, joint, organizational, IRA). Therefore it is possible to have over $600,000 on deposit and still be fully insured as MSIC calculates deposit insurance based on the type of ownership ("right and capacity") in which funds are owned. The Massachusetts Share Insurance Corporation was organized in 1961 for the purpose of maintaining a fund for the insurance of shares and deposits of members of the credit unions doing business in the state. MSIC's authority to act is controlled by the Massachusetts Legislature. Its activities are supervised by the State Commissioner of Banks. MSIC insurance is backed solely by its own assets.
 


MONEY MARKET ACCOUNT
 

Put your money to work for you. If you normally maintain a balance in your savings account of over $2,500, our Money Market account may be the account for you. The Money Market account pays you a slightly higher interest rate than the regular savings account but allows you to access your money any time you need it.

 

CERTIFICATE OF DEPOSIT
 

A high-yield savings option with a guaranteed fixed rate of return. Your rate is locked in when it is opened - eliminating the volatility inherent in other investments. Rate is locked in when account is opened or rolled over.
 

Available in terms of 3,6,7,12,13,24,36,48 and 60 months.
 

Deposit requirements start as low as $500. Minimum balance on all Certificates is $500.00.
 

IRA'S
 

It's never too early or too late to save for your retirement. LACU's high-yield IRA (individual retirement account) certificates and IRA Savings. Account options may be great additions to your overall retirement plan.
 

Lock in a great rate and be guaranteed a great return!
 

As little as $500 is required to open any IRA certificate (1 to 5 years).
 

CHRISTMAS CLUB
 

Have you ever wished you would have saved more for your holiday shopping? With an Luso-American CU Christmas Club Savings Account, you can save throughout the year so you'll have all the cash you need for holiday expenses.
 

Open your account with as little as $2. Make additional deposits of any amount as often as you would like. In October of each year, we will send you a check for the balance in your account and you are ready to begin your shopping! To renew your account, simply make another deposit and your on your way for another year.