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

Lenco Credit Union is headquartered in Adrian and is the 112th largest credit union in the state of Michigan. It is also the 1,792nd largest credit union in the nation. It was established in 1970 and as of December of 2018, it had grown to 17 employees and 7,548 members at 2 locations. Lenco Credit Union's CD rates are 68% 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 County, Michigan - this also includes all retirees in adjoining counties. Employees of the credit union, and relatives of current members may also join.
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.

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 - YTD1.39%
Return on Equity - YTD13.56%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$82.4MM$79.3MM
LoansQ4 2018vs Q4 2017$60.7MM$53.2MM
DepositsQ4 2018vs Q4 2017$73.2MM$71.2MM
Equity CapitalQ4 2018vs Q4 2017$8.4MM$7.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$181.00K$174.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$117.00K$147.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Lenco Credit Union Savings Account Rates

0.15%$5-Regular Shares
0.15%$5-Christmas Club
0.15%$5-Secondary Shares

Lenco Credit Union Money Market Rates

0.50%$2.5k-Money Market

Lenco Credit Union Checking Account Rates

0.05%--Share Draft

Lenco Credit Union CD Rates

2.68%$3k-60 Month CD
2.27%$3k-48 Month CD
2.02%$3k-18 Month CD
2.02%$3k-36 Month CD
1.76%$3k-24 Month CD
1.76%$3k-30 Month CD
1.51%$3k-12 Month CD
1.51%$3k-15 Month CD
1.51%$3k-21 Month CD
0.75%$3k-6 Month CD
0.75%$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

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