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 108th largest credit union in the state of Michigan. It is also the 1,704th largest credit union in the nation. It was established in 1970 and as of June of 2020, it had grown to 18 employees and 7,745 members at 2 locations. Lenco Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Lenco Credit Union membership is open to individuals who reside, work, attend school or worship in Lenawee, Hillsdale, Jackson, Monroe, or Washtenaw counties in Michigan. Immediate family, and employees of the 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

Health Grade Components

Overall
NCUA #60991
Year Chartered1970
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.96%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$102.3MM$86.1MM
LoansQ2 2020vs Q2 2019$62.8MM$62.9MM
DepositsQ2 2020vs Q2 2019$91.3MM$76.4MM
Equity CapitalQ2 2020vs Q2 2019$10.0MM$9.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$180.00K$180.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$57.00K$107.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Lenco Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Lenco Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$5-Regular Shares
0.15%$5-Christmas Club
0.15%$5-Secondary Shares

Lenco Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2.5k-Money Market

Lenco Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Draft

Lenco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$3k-60 Month CD
0.75%$3k-48 Month CD
0.65%$3k-36 Month CD
0.55%$3k-24 Month CD
0.55%$3k-30 Month CD
0.50%$3k-12 Month CD
0.50%$3k-15 Month CD
0.50%$3k-18 Month CD
0.50%$3k-21 Month CD
0.40%$3k-6 Month CD
0.40%$3k-9 Month CD
0.10%$3k-3 Month CD
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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