Overview / Commentary
Lenco Credit Union is headquartered in Adrian and is the 102nd largest credit union in the state of Michigan. It is also the 1,584th largest credit union in the nation. It was established in 1970 and as of December of 2024, it had grown to 18 employees and 7,548 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
Health
A+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60991 |
| Year Chartered | 1970 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.33% |
| Return on Equity - YTD | 11.55% |
| Annual Interest Income | $5.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $131.5MM$121.3MM |
| Loans | Q4 2024vs Q4 2023 | $75.1MM$79.2MM |
| Deposits | Q4 2024vs Q4 2023 | $115.5MM$107.2MM |
| Equity Capital | Q4 2024vs Q4 2023 | $14.9MM$13.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $152K$189K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $340K$243K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |