2024-11-08T13:43:02-07:00 2023-12-31 990 2023-01-01 046066641 LUSO-AMERICAN CREDIT UNION LUSO 9785315767 37 Tremont Street Peabody MA 01960 Deborah Luciano Sr Accountant/ Assistant Manager 9785315767 2024-11-08 1 2023 2024-10-15 13:58:12Z Deborah Luciano 37 Tremont Street Peabody MA 01960 5606467 0 X www.luso-american.com X Credit Union 1960 MA Our mission is to provide our members high quality personalized services and competitive rates. 15 0 28 15 0 0 0 0 0 0 766374 1528321 3443175 4078146 4209549 5606467 0 0 0 0 1366286 1386755 0 0 0 2246868 2611232 3613154 3997987 596395 1608480 127004099 121868639 111110261 104366321 15893838 17502318 Our mission is to provide our members high quality personalized services and competitive rates. 0 0 The Credit Union offers lower rates, higher savings rates and free or low cost services to our members 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1753 0 28 1 0 0 0 0 0 0 0 0 X 15 0 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 MA X Deborah Luciano 9785315767 37 Tremont Street Peabody MA 01960 Deborah A Luciano Assistant Treasurer/ Manager 40 X X X 129172 0 29732 Alfonso Barcamonte 1st Vice Chairman 1.00 X X 0 0 0 Gaspar Simoes Treasurer 1.00 X X 0 0 0 Lisa Vasconcelos Director 1.00 X 0 0 0 Carlos Pinto Clerk 1.00 X X 0 0 0 Sergio M Costa President 1.00 X X 0 0 0 Jose C Silva Director 1.00 X 0 0 0 Luciano Dinis Director 1.00 X 0 0 0 Philip Ortins Director 1.00 X 0 0 0 Rosa Romano Director 1.00 X 0 0 0 Antonio Coimbra Director 1.00 X 0 0 0 Elsa Vieira Director 1.00 X 0 0 0 Faustino Melo Director 1.00 X 0 0 0 Domingos Furtado Director 1.00 X 0 0 0 Fernando Homem 2nd Vice President 1.00 X X 0 0 0 Joaquim Cunha Director 1.00 X 0 0 0 129172 0 29732 0 0 1 0 0 0 0 1528321 1528321 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4078146 4078146 4078146 5606467 5606467 0 0 129172 964250 43270 166550 83513 69775 150016 175037 182056 8356 505654 157249 31360 Data Processing 525363 Debit Card Program 175334 Professional Services 84545 Loan Expenses 319668 226819 3997987 0 0 0 1799726 1732653 1090795 786479 80279002 81853263 205654 230904 3209475 2267131 1055776 942344 41014713 34838153 1558433 1484843 127004099 121868639 629495 565832 0 0 0 0 0 0 0 0 110480766 103800489 111110261 104366321 X 0 0 0 0 15893838 17502318 15893838 17502318 127004099 121868639 1608480 0 0 0 0 0 X 1 X 1 X 1 0 269375 0 269375 288832 0 288832 0 1643239 0 1134773 508466 1008029 0 843526 164503 0 0 0 0 942344 HTM Securities 3646649 C FHLB Capital Stock 150700 C Credit Union Membership 239841 C All other Investments in Corporate Credit Unions 30800963 C 34838153 0 Share Accounts 53151713 Tax & Insurance Escrow 134409 Share Draft Accounts 19948854 Club Accounts 87726 IRA CDS 8065694 CDS 20703039 Money Market Demand Accounts 1709054 103800489 5606467 0 0 0 0 0 5606467 0 0 0 5606467 3997987 0 0 0 0 0 3997987 0 0 0 3997987 X 0 0 0 Deborah A Luciano Assistant Treasurer/ Manager 117172 0 12000 0 0 0 7750 0 21982 0 158904 0 0 0 Antonio Coimbra Director X 330000 247282 0 1 1 Sergio Costa Director X 878000 576152 0 1 1 Joaquim Cunha Director X 435500 320619 0 1 1 Faustino Melo Director X 931000 763663 0 1 1 Carlos Pinto Director X 317000 261639 0 1 1 Gaspar Simoes Director X 255000 118511 0 1 1 Jose Silva Director X 855000 48343 0 1 1 Lisa Vasconcelos Director X 506000 320977 0 1 1 Luciano Dinis Director X 1552000 1486436 0 1 1 Elsa Vieira Director X 216073 196791 0 1 1 Domingos Furtado Director X 10000 1311 0 1 1 4341724 Form 990, Part VI, Section A, Line 6 The organization has members (the members are anyone who has an account with the Credit Union) Form 990, Part VI, Section A, Line 7a The members can elect the Board of Directors at the Annual Meeting. Form 990, Part VI, Section A, Line 7b The members can elect the Board of Directors at the Annual Meeting. Form 990, Part VI, Section B, Line 11b The Senior Accountant completes the 990 and Management reviews the 990. Form 990, Part VI, Section B, Line 12c The Policy is reviewed and distributed annually. Form 990, Part VI, Section C, Line 19 Financial Statements are posted in the Lobby. All other documents are available upon request.