Lenco Credit Union is headquartered in Adrian and is the 105th largest credit union in the state of Michigan. It is also the 1,639th largest credit union in the nation. It was established in 1970 and as of September of 2022, it had grown to 19 employees and 7,718 members at 2 locations. Lenco Credit Union has an A health rating.
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
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.
|Return on Assets - YTD||0.63%|
|Return on Equity - YTD||6.74%|
|Annual Interest Income||$2.2MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$125.3MM$118.8MM|
|Loans||Q3 2022vs Q3 2021||$72.1MM$66.2MM|
|Deposits||Q3 2022vs Q3 2021||$112.0MM$106.9MM|
|Equity Capital||Q3 2022vs Q3 2021||$11.8MM$11.0MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$153.00K$152.00K|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$110.00K$86.00K|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for Lenco Credit Union are currently being reviewed.
|Lenco Credit Union Locations|
|Branch Office||1455 E US Highway 223||Adrian, MI 49221-4382|
|Branch Office||615 W Maple Ave||Adrian, MI 49221-1630|