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615 W Maple Ave
Adrian, MI 49221-1630

Lenco Credit Union is headquartered in Adrian and is the 127th largest credit union in the state of Michigan. It is also the 1,935th largest credit union in the nation. It was established in 1970 and as of March of 2014, it had grown to 15 employees and 6,415 members. Lenco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Lenawee County. - See Details

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Reviews (1)

Lenco Has Been Great For Me...

 I have been a member of Lenco Credit Union for over ten years and I must say they have been a pleasure to deal with.  First off, the employees are very nice, which has made my banking with them much better.  Being a local company, you really get the feeling they value your business.  From my weekly dealings with the tellers, to the few times I’ve sat down with a manager to discuss larger loans and transactions, they all have been very helpful.  I also like their website very much, it is simple to understand and not cluttered with a bunch of offers and ads.  The best part of Lenco is that they are very solid financially, and I know they will be there in the future to continue to service my loans.  At Lenco, you don’t get the feeling like you are only valued by the size of your account (like at the big banks) you actually feel the appreciation they have for your business.  If you live in Lenawee County and have a need of a loan, you should speak to Lenco Credit Union.  They worked very closely with me on my loans, provided competitive rates, and terrific customer service every time I called or visited the branch.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Lenco Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Lenco Credit Union had $121,000 in non-current loans and owned real-estate with $5.45 million in equity and loan loss allowances on hand to cover it. This gives Lenco Credit Union a Texas Ratio of 2.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Lenco Credit Union decreased dramatically from 3.61% as of March 31, 2013 to 2.22% as of March 31, 2014, resulting in a positive change of 38.61%.This indicates that the balance sheet and financial strength for Lenco Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Lenco Credit Union has increased its total deposits by $5.96 million, resulting in 10.48% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Lenco Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Lenco Credit Union has $68.39 million in assets with $5.45 million in equity, resulting in a capitalization level of 7.97%, which is below average.

Institution Statistics

NCUA #60991
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$68.39 million
Loans$24.03 million
Deposits$62.82 million
Equity Capital$5.37 million
Loan Loss Allowance$86,000
Unbacked Noncurrent Loans$121,000
Real Estate Owned$0
Historic Data - March 2013
Assets$62.56 million
Equity Capital$5.47 million
Loan Loss Allowance$91,000
Unbacked Noncurrent Loans$121,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.13%
Return on Assets-0.37%
Return on Equity-4.77%
Interest Income$394,000

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Lenco Credit Union Savings Account Rates

0.25%--Regular Share Account
0.25%--Secondary Share Account
0.15%--Christmas Club Account

Lenco Credit Union Money Market Rates

0.35%$2,500-Money Market Account

Lenco Credit Union Checking Account Rates

0.15%--Share Draft Account

Lenco Credit Union CD Rates

1.26%$3k-60 Month CD
1.00%$3k-48 Month CD
0.70%$3k-36 Month CD
0.55%$3k-24 Month CD
0.55%$3k-30 Month CD
0.45%$3k-12 Month CD
0.45%$3k-15 Month CD
0.45%$3k-18 Month CD
0.45%$3k-21 Month CD
0.30%$3k-6 Month CD
0.30%$3k-9 Month CD
0.25%$3k-3 Month CD

Lenco Credit Union Locations
Branch Office1455 E US Highway 223Adrian, MI 49221-4213
Branch Office615 W Maple AveAdrian, MI 49221-1630