Nonprofit · EIN 04-6066641
LUSO-AMERICAN CREDIT UNION
Tax-exempt · PEABODY, MA 01960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,037,220 | $4,866,802 | $1,170,418 | $124,098,435 | $105,425,699 | $18,672,736 |
| December 31, 2023 | 990 | $5,606,467 | $3,997,987 | $1,608,480 | $121,868,639 | $104,366,321 | $17,502,318 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,775,766
- Other revenue
- $4,261,454
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $137,645
- Other salaries and wages
- $1,010,762
- Salaries, compensation and benefits (total)
- $1,444,869
- Professional fundraising fees
- $0
- Accounting fees
- $96,482
- Occupancy
- $208,280
- Depreciation
- $150,383
Balance sheet and other
- Total assets, start of year
- $121,868,639
- Total assets, end of year
- $124,098,435
- Total liabilities, end of year
- $105,425,699
- Net assets, end of year
- $18,672,736
- Land, buildings and equipment
- $988,075
- Gross receipts
- $6,037,220
- Employees
- 22
- Volunteers
- 15
- Year formed
- 1960
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Deborah A Luciano | Assistant Treasurer/ Manager Officer, Key employee, Highest-paid employee | 40 | $137,645 | $32,344 |
| Alfonso Barcamonte | 1st Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Gaspar Simoes | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Lisa Vasconcelos | Director Trustee or director | 1 | $0 | $0 |
| Carlos Pinto | Clerk Trustee or director, Officer | 1 | $0 | $0 |
| Sergio M Costa | President Trustee or director, Officer | 1 | $0 | $0 |
| Jose C Silva | Director Trustee or director | 1 | $0 | $0 |
| Luciano Dinis | Director Trustee or director | 1 | $0 | $0 |
| Philip Ortins | Director Trustee or director | 1 | $0 | $0 |
| Rosa Romano | Director Trustee or director | 1 | $0 | $0 |
| Antonio Coimbra | Director Trustee or director | 1 | $0 | $0 |
| Elsa Vieira | Director Trustee or director | 1 | $0 | $0 |
| Faustino Melo | Director Trustee or director | 1 | $0 | $0 |
| Fernando Homem | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Joaquim Cunha | Director Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jose Rosario | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Deborah A Luciano | Assistant Treasurer/ Manager Officer, Key employee, Highest-paid employee | 40 | $129,172 | $29,732 |
| Alfonso Barcamonte | 1st Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Gaspar Simoes | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Lisa Vasconcelos | Director Trustee or director | 1 | $0 | $0 |
| Carlos Pinto | Clerk Trustee or director, Officer | 1 | $0 | $0 |
| Sergio M Costa | President Trustee or director, Officer | 1 | $0 | $0 |
| Jose C Silva | Director Trustee or director | 1 | $0 | $0 |
| Luciano Dinis | Director Trustee or director | 1 | $0 | $0 |
| Philip Ortins | Director Trustee or director | 1 | $0 | $0 |
| Rosa Romano | Director Trustee or director | 1 | $0 | $0 |
| Antonio Coimbra | Director Trustee or director | 1 | $0 | $0 |
| Elsa Vieira | Director Trustee or director | 1 | $0 | $0 |
| Faustino Melo | Director Trustee or director | 1 | $0 | $0 |
| Domingos Furtado | Director Trustee or director | 1 | $0 | $0 |
| Fernando Homem | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Joaquim Cunha | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 37 TREMONT ST, PEABODY, MA 01960-4429
- Principal officer (990 for 2024)
- Deborah Luciano, 37 Tremont Street, Peabody, MA 01960
- Signed the 990
- Deborah Luciano, Sr Accountant/ Assistant Manager
- Phone
- (978) 531-5767
- Website
- www.luso-american.com
Mission
Our mission is to provide our members high quality personalized services and competitive rates.
Program accomplishments
- The Credit Union offers lower rates, higher savings rates and free or low cost services to our members
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6066641
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $124,098,435
- Income (IRS master file)
- $6,037,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,037,220 | $4,866,802 | $124,098,435 | IRS |
| 990 | December 2023 | $5,606,467 | $3,997,987 | $121,868,639 | XML |
| 990 | December 2022 | $4,209,549 | $3,613,154 | $127,004,099 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6066641).
Questions about LUSO-AMERICAN CREDIT UNION
- What is the EIN of LUSO-AMERICAN CREDIT UNION?
- The employer identification number (EIN) of LUSO-AMERICAN CREDIT UNION is 04-6066641.
- Is LUSO-AMERICAN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
- Are donations to LUSO-AMERICAN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LUSO-AMERICAN CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LUSO-AMERICAN CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LUSO-AMERICAN CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LUSO-AMERICAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Deborah Luciano.
- Who are the officers and directors of LUSO-AMERICAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $137,645 (Deborah A Luciano, Assistant Treasurer/ Manager).
- How much revenue does LUSO-AMERICAN CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,037,220, expenses of $4,866,802 and total assets of $124,098,435 at year end.
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