Featured Savings Rates
Featured Accounts

Lenco Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.51%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.03%SavingsSecondary Share Account

Overview / Commentary
517-263-0851
615 W Maple Ave
Adrian, MI 49221-1630

Lenco Credit Union is headquartered in Adrian and is the 117th largest credit union in the state of Michigan. It is also the 1,845th largest credit union in the nation. It was established in 1970 and as of March of 2016, it had grown to 15 employees and 6,980 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.
See current membership details

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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.



Health
B+
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

Overall
NCUA #60991
Year Chartered1970
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD8.37%
Annual Interest Income$491.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$76.1MM$71.1MM
LoansQ1 2016vs Q1 2015$37.6MM$29.3MM
DepositsQ1 2016vs Q1 2015$69.8MM$65.1MM
Equity CapitalQ1 2016vs Q1 2015$5.7MM$5.3MM
Loan Loss AllowanceQ1 2016vs Q1 2015$206.00K$191.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$160.00K$44.00K
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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Lenco Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Regular Share Account
0.03%--Christmas Club Account
0.03%--Secondary Share Account

Lenco Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$2,500-Money Market Account

Lenco Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Share Draft Account

Lenco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$3k-60 Month CD
1.26%$3k-48 Month CD
0.70%$3k-36 Month CD
0.50%$3k-24 Month CD
0.50%$3k-30 Month CD
0.45%$3k-21 Month CD
0.35%$3k-12 Month CD
0.35%$3k-15 Month CD
0.35%$3k-18 Month CD
0.25%$3k-6 Month CD
0.25%$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