LUSO Federal Credit Union Marks 45-Year Anniversary

LUSO Federal Credit Union celebrates its 45th anniversary and looks back on the achievements marking its nearly half-century history.

LUSO Federal Credit Union (, a member-owned not-for-profit financial cooperative, will be marking its 45th anniversary on April 21. This milestone is not only a representation of how long the credit union has been in operation, but also of almost half a century in steady growth of both assets, membership, and community involvement.

"Across Hampden County, LUSO has over 7,000 members and just recently surpassed $206 million in assets," relates Jennifer Calheno, CEO and president of LUSO Federal Credit Union. "This success is a testament to the value of flexibility and a focus on growing Members' savings."

The flexibility Calheno refers to can be seen in how LUSO has diversified its financial products over the decades. There has also been a recent focus on advanced member services such as an "anytime/anywhere" approach to lending and deposits along with a push for more 24/7 accessibility. The recent introduction of the Mobile Deposit feature for the credit union's app is only the latest example.

"New programs and offerings are constantly being devised and provided to Members," explains Calheno. "This includes rewards programs, fraud detection enhancements, and convenience or quality-of-life products."

Since LUSO Federal Credit Union focuses on its Members, community involvement and expansion has been a long-standing goal throughout its history. This is demonstrated in LUSO's involvement in programs like Relay for Life and community reader programs as well as initiatives the credit union began on its own.

"The in-school banking and Junior Achievement programs have helped improve Hampden County's financial literacy and given the next generation a leg up on their personal finances," recalls Calheno.

LUSO originally only served the town of Ludlow, Massachusetts. It expanded its charter to include all of Hampden County on October 6, 1998.

LUSO Federal Credit Union is a member-owned, not-for-profit financial cooperative dedicated to providing its members with quality financial services and products. LUSO prides itself on serving the financial needs of those who live, work, worship, do business, or attend school throughout Hampden County, Massachusetts, regardless of economic status. More information about LUSO and its services can be found on the cooperative’s web site at

Contact Info:
Name: Jennifer M.G. Calheno
Email: Send Email
Organization: LUSO Federal Credit Union
Address: 599 East Street Ludlow, MA 01056
Phone: 844-587-6328

Release ID: 110346