Lenco Credit Union


Overview / Commentary
517-263-0851
615 W Maple Ave
Adrian, MI 49221

Lenco Credit Union is headquartered in Adrian and is the 107th largest credit union in the state of Michigan. It is also the 1,665th largest credit union in the nation. It was established in 1970 and as of June of 2023, it had grown to 19 employees and 7,769 members at 2 locations. Lenco Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Lenco Credit Union open to individuals who live, work, worship, attend school in the Michigan counties of Hillsdale, Jackson, Lenawee, Monroe, or Washtenaw. Immediate family, and employees of Lenco Credit Union may also join.
See current membership details

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Reviews (1)

Lenco Has Been Great For Me...

Posted by: |

 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.



Health
B+

Health Grade Components

Overall
NCUA #60991
Year Chartered1970
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.67%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$121.0MM$126.6MM
LoansQ2 2023vs Q2 2022$77.0MM$69.4MM
DepositsQ2 2023vs Q2 2022$107.0MM$113.6MM
Equity CapitalQ2 2023vs Q2 2022$12.5MM$11.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$148.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$132.00K$122.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Rates for Lenco Credit Union are currently being reviewed.

Locations


Lenco Credit Union Locations
Branch Office1455 E US Highway 223Adrian, MI 49221-4382
Branch Office615 W Maple AveAdrian, MI 49221-1630

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