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Overview / Commentary
615 W Maple Ave
Adrian, MI 49221-1630

Lenco Credit Union is headquartered in Adrian and is the 116th largest credit union in the state of Michigan. It is also the 1,819th largest credit union in the nation. It was established in 1970 and as of December of 2017, it had grown to 17 employees and 7,326 members at 2 locations. Lenco Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, worship, work or attend school in Lenawee County in Michigan and to all retirees living in Lenawee, Hillsdale, Jackson, Washtenaw, and Monroe Counties.
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Reviews (1)

Lenco Has Been Great For Me...

Posted by: kdoggg | Mar 14, 2011

 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.

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

Health Grade Components

NCUA #60991
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD14.05%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$79.3MM$75.9MM
LoansQ4 2017vs Q4 2016$53.2MM$42.5MM
DepositsQ4 2017vs Q4 2016$71.2MM$69.2MM
Equity CapitalQ4 2017vs Q4 2016$7.3MM$6.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$174.00K$208.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$147.00K$85.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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Lenco Credit Union Savings Account Rates

0.07%--Regular Share Account
0.07%--Secondary Share Account
0.05%--Christmas Club Account

Lenco Credit Union Money Market Rates

0.15%$2,500-Money Market Account

Lenco Credit Union Checking Account Rates

0.05%--Share Draft Account

Lenco Credit Union CD Rates

2.17%$3k-60 Month CD
2.02%$3k-48 Month CD
1.05%$3k-36 Month CD
0.80%$3k-30 Month CD
0.75%$3k-24 Month CD
0.65%$3k-21 Month CD
0.60%$3k-18 Month CD
0.55%$3k-15 Month CD
0.50%$3k-12 Month CD
0.35%$3k-6 Month CD
0.35%$3k-9 Month CD
0.10%$3k-3 Month CD

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