Credit union · NCUA insured
Luso Federal Credit Union Carrot Score
A $241.8M credit union headquartered in Ludlow, MA, with 7,926 members and 2 branches in Massachusetts.
Luso Federal Credit Union Carrot Score
65
Carrot Score
Higher than 14% of U.S. banks and credit unions
- CDs74
- Savings66
- Auto loans63
- Credit cards61
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Luso Federal Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
74beats 36% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 0.10% | 2% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.80% | 58% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.50% | 56% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 0.50% | 3% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.80% | 45% | 3.85% | 4.15% | 4.35% |
Best rates 57.3 · all terms 36.9 → 49.1 → 74
Savings
66beats 17% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.05% | 16% | 0.20% | 0.50% | 1.51% |
| $10,000 | 0.15% | 22% | 0.50% | 1.15% | 2.20% |
| $100,000 | 0.20% | 18% | 1.00% | 2.01% | 2.93% |
| Qualified | 0.15% | 18% | 0.60% | 1.31% | 2.43% |
Best rates 20.2 · all balances 19.3 → 19.8 → 66
Auto loans
63beats 9% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 6.45% | 9% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 6.51% | 11% | 5.39% | 4.99% | 4.49% |
Best rates 11.4 · all vehicles 10.2 → 11.0 → 63
Credit cards
61beats 5% nationally
| Card | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| Purchase APR | 15.00%counts as 15.70% | 5% | 10.90% | 9.90% | 8.90% |
Best rates 5.0 · all rates 5.0 → 5.0 → 61
Where the score could improve
- Savings, $10,0001.15%0.15% today, higher than 22% of U.S. institutions. 1.15% would reach the top quarter; 2.20% the top 10%.
- CDs, 3-8 months3.82%0.10% today, higher than 2% of U.S. institutions. 3.82% would reach the top quarter; 4.05% the top 10%.
- CDs, 31-60 months3.65%0.50% today, higher than 3% of U.S. institutions. 3.65% would reach the top quarter; 4.07% the top 10%.
- To score in the 90s3.83%At least one product needs a rate near the best in the country, like 3.83% or more on a 9-15 month CD (3.80% today), and strong rates on its other terms.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Luso Federal Credit Union got its score
Its products stand at 49.1 for CDs, 19.8 for savings, 11.0 for auto loans and 5.0 for credit cards, out of 100. Its best two, CDs and savings, average 34.5. Publishing four products adds 3.0, for 37.5. That puts it ahead of 14% of U.S. banks and credit unions: a Carrot Score of 65.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.