Lenco Credit Union

Overview / Commentary
615 W Maple Ave
Adrian, MI 49221

Lenco Credit Union is headquartered in Adrian and is the 105th largest credit union in the state of Michigan. It is also the 1,631st largest credit union in the nation. It was established in 1970 and as of March of 2024, it had grown to 19 employees and 7,667 members at 2 locations. Lenco Credit Union has an A 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

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 Grade Components

NCUA #60991
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD10.57%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$125.9MM$122.1MM
LoansQ1 2024vs Q1 2023$77MM$75.1MM
DepositsQ1 2024vs Q1 2023$111.4MM$108.7MM
Equity CapitalQ1 2024vs Q1 2023$13.6MM$12.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$178K$204K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$176K$133K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for Lenco Credit Union are currently being reviewed.


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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