LUSO Federal Credit Union Awarded Designation of Savings Excellence Third Year in a Row

LUSOLudlow, MA, June 7, 2017 – LUSO Federal Credit Union (, a financial cooperative locally owned and operated by its members since 1971, is the proud recipient of the Designation of Savings Excellence offered by America Saves for the third consecutive year. This prestigious award recognizes the outstanding achievements of the top performing credit unions that surpass the expectations of their members, the public, and the distinguished financial experts at America Saves.

“Words can’t express how happy and excited we are to be in this position for the third year in a row,” says Jennifer Calheno, President and CEO of LUSO Federal Credit Union. “To be given this designation time and time again is a true testament to the tremendous hard work and dedication our employees put into their livelihoods everyday. This was truly a team effort.”

The Designation of Savings Excellence is a relatively new award that was initially instated by America Saves in 2015. The point of this award is to recognize and honor the hard work and integrity of credit unions that are able to successfully achieve their goals of compelling people from low to medium income households to open and contribute to a wealth-building account. LUSO Federal Credit Union has consistently hit its mark and in the process, helped countless members learn the value of personal savings and garner the skills and confidence to make smart financial decisions.

“America Saves Week has presented us with the perfect opportunity to educate our distinguished members and pass along sound money-saving and spending advice,” remarks Jennifer Calheno. “One of the main reasons we’re able to keep helping our members achieve their financial goals is because of the efforts put forth by this important event. We encourage our members to set their financial goals in stone and share them on social media and our web site so they can get a concrete sense of what they’re striving for and how they can accomplish those goals effectively.”


America Saves Week is a successful financial campaign run by America Saves. Its ultimate vision is to help people understand and come to terms with their current financial standings, reduce debt and increase saving capabilities by teaching people to spend within their means.

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 Federal Credit Union and its services can be found on the credit union’s web site at