# LUSO
Ludlow, MA · NCUA charter 20600 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/luso-20600

Who the members are: federal charter, community charter, organized 1971. 7,926 members of 466,174 potential (1.7% of the field); checking penetration 51% (share draft accounts per 100 members); loans per 100 members 35.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $241.8M |
| Members | 7,926 (-1.1% YoY) |
| Full-time staff | 24 |
| Net worth | $26.7M |
| Net worth ratio | 11.1% (p49 of band) |
| ROA (annualized) | 0.32% (p23 of band) |
| Total delinquency | 0.72% (p60 of band) |
| Net charge-offs (annualized) | 0.10% (p14 of band) |
| Loans / shares | 89% (p86 of band) |
| Cash / assets | 13.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.36% (p3 of band) |
| Operating expense / assets | 2.21% (p6 of band) |
| Vehicles % of loans | 4% (p2 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 64% |
| Third-party paper % of net worth | 29% (p34 of band) |
| Vehicle delinquency | 1.86% (p92 of band) |
| Vehicle NCO | 0.00% (p4 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 94% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 6% |
| Core shares % of member funds | 38% |
| Certificates % of member funds | 40% |
| Average share balance | $13,991 |
| Participations bought / yr | $6.0M |
| Participations sold / yr | $0 |
| Participations outstanding | $3.0M |
| Loans outstanding per 100 members | 35% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $68,343 |
| Loans granted, annualized | $19.3M |

## Participation posture (from the same filings)

Bought $6.0M and sold $0 in the latest annualized quarter; $3.0M outstanding purchased (11.3% of net worth), $0 sold and retained. Sold in 0 and bought in 4 of the last 8 quarters. Shares -0.3% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | loans>95% of shares |  |
| 2016-06 | 2 | delinquency 2x band |  |
| 2016-09 | 1 |  | delinquency 2x band |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | delinquency rising |  |
| 2017-06 | 1 |  | delinquency rising |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 3 | delinquency 2x band, delinquency rising |  |
| 2019-06 | 1 |  | delinquency 2x band, delinquency rising |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 1 |  |  |
| 2020-06 | 2 | delinquency rising |  |
| 2020-09 | 1 |  | delinquency rising |
| 2020-12 | 2 | net worth falling, delinquency 2x band | loans>95% of shares |
| 2021-03 | 1 |  | delinquency 2x band |
| 2021-06 | 2 | delinquency 2x band |  |
| 2021-09 | 0 |  | net worth falling, delinquency 2x band |
| 2021-12 | 1 | delinquency 2x band |  |
| 2022-03 | 0 |  | delinquency 2x band |
| 2022-06 | 1 | delinquency 2x band |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 2 | delinquency rising |  |
| 2023-06 | 3 | losing money, assets shrinking | delinquency rising |
| 2023-09 | 3 |  |  |
| 2023-12 | 4 | net worth falling, margin squeeze | delinquency 2x band |
| 2024-03 | 3 |  | assets shrinking |
| 2024-06 | 3 | members leaving | margin squeeze |
| 2024-09 | 3 | delinquency 2x band | members leaving |
| 2024-12 | 3 | delinquency rising | net worth falling |
| 2025-03 | 3 |  |  |
| 2025-06 | 2 |  | losing money |
| 2025-09 | 1 |  | delinquency rising |
| 2025-12 | 0 |  | delinquency 2x band |
| 2026-03 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-07-14 [Little Free Library opens in Ludlow, another planned for Wilbraham - WWLP](https://news.google.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?oc=5) · WWLP
- 2018-09-18 [Jennifer Calheno Leads LUSO to Stunning Growth - BusinessWest](https://news.google.com/rss/articles/CBMigwFBVV95cUxNbHVEeHBSRl9QRmN1UGpsZi1HYVhOV3FwZHhYblk5andCWmlRamF1bWlERXpFRUhpdkZlZzVwSlhtZV9vV2U4ampGYUhpdlVidkpLVE1KWG5xWDNhbktLYTZJUk5fX3hJa0ZUeFpuU2hBUER5emFSWkxGTUZNS2huNGJyMA?oc=5) · BusinessWest
- 2024-06-04 [Deborah Rae Dacruz Obituary Mar 4, 2022 - Altogether Funeral](https://news.google.com/rss/articles/CBMixAFBVV95cUxOYjM2YUVnRWFBcll5X0J4U3VyQ3lOczV6RWZsN2laZHJtX2gtMjVXcEZhVi1QdG9EWDRKRUcxWlItaWNLV2JRa0JMU2hUcFlDbUdJMkhaT2NDaEtjaEEta24zRXJwYVhVX2UwQVBRZGJEbTQxTjZmYmtLWEo2aUtNNjgzOGxFSVVRRGV0UDRGSFhzZlJJdHVJLTctOTdENkY1MHBCaUwzVTU1a3JpeGJhY0pBeWs5SlFXT3BwdTRFU1dVRWhx?oc=5) · Altogether Funeral
- 2021-12-20 [People in Business: Dec. 20, 2021 - MassLive](https://news.google.com/rss/articles/CBMigwFBVV95cUxPcXNHMktpUnY2aXJpS0l4VkxPdDRYUnJWUVVYM0NURnludnFpVFJ6MXlSNnI0dWczellDcUJNbERKZlNaVW9vZmo4NGJjYnFtOWxIemhyVnI0YUp4aTZRdnVDOWVPRTVjOTNFU19aTFpUVEd6SFlXTURITnJXbWZEWkJWbw?oc=5) · MassLive
- 2023-08-02 [Picture This - BusinessWest](https://news.google.com/rss/articles/CBMiW0FVX3lxTE93NkVYZVV1NUpyRXlFNTBrYWRUM1IwMXA1azdjVlJPS1VEcU9fRWlMUmozZVlDRVZVLUxxWUozN0lqUjBackJIWWVwNDQweVplMFFmN1AtVlFMWTA?oc=5) · BusinessWest
- 2017-04-02 [Nicholas Carnevale - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxPU3BwcnNvQU9VQkMyd1p5LXJ4Z1hPU2xZUjlTS1A2MUtOd0Z6MUFzM3AxZnd0ZndwUTJUVGxLZkVmcmxLVFlXbU5vbHJxSVdjVXNZVTNJT0tjenVtRGlITlV2Q2pOMVFnTlRjZW5vOERFdDk1MkJFeVBIT2tzNUdZY0E2dVhiTXdDSG41VFAwUG1HaEZ0NWFB?oc=5) · legacy.com
- 2023-10-29 [Jorge Teixeira Obituary (1977 - 2023) - Ludlow, MA - MassLive.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxQWVBCSmtSdENtUEQyNndVMG5ZRTQzWkdIZGpKX1BIT3ZJci15bTJPTVBFRXdCdkk5SzhjZk54MnFkMFpNdzZlM21OZ2tQVmV0YllOMVhKZDB5RkhDMEtNNUxqNDJ4ekh6MWVWdHhfNTFvYzBuOGRTSFc3SWpyT2V4SGU0UVVwWGNVSklsVy1pSGNBZE9t?oc=5) · MassLive.com
- 2021-11-25 [Lisa Goncalves Obituary (2017) - Ludlow, MA - MassLive.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxORXFLOEtsbnNnQlV3d05BWV9aMU1MV25LSTJzT1JKWk9GWkJZVTg4b3lyR3NuR0k0SGdSLW5vcnVxWWNaVmExV0tpTTRYZUdpcUdRVTRlOVR1YmlkdE5TNXBobVFtVUltUnpQak5XNUxzendKc21YQUZnQWI5QV9Ja1ZTNVptUVZ1OXlMRnZVSmhSUFhm?oc=5) · MassLive.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=20600 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/56.json (key "20600", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=20600
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide