Lenco Credit Union

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A short history of Lenco CU

Since its inception in 1970 the Lenco Credit Union has been serving its members in the ADRIAN, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Ben Neal, the Lenco CU has grown its membership to over 7,156 with assets of more than $80,505,641. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (517) 263-0851 or email them at lenco@tc3net.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ADRIAN, MI.

General Information For Lenco CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 60991
Address 615 W MAPLE AVE 
State Michigan 
Zip-Code 49221
Phone Number (517) 263-0851
Fax Number (517) 263-1609
Email Address: lenco@tc3net.com
CEO/President Ben Neal
Members 7,156 
Full-Time Employees 17 
Part-Time Employees
Number of Branch Offices
Total Assets 80,505,641 
Website http://www.lenco.org 

Compare Lenco Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Tlc Community CU Tecumseh 1102 W Chicago Blvd 49221 (517) 263-9120 No 1.66
Ann Arbor Postal CU Credit Union 18459 Redman Rd 48160 (734) 439-3075 No 21.51
Sylvania Area CU Sylvania Area Federal Credit Union 6613 Maplewood Ave 43560 (419) 882-3535 No 22.14
Great Lakes CU Sylvania 6600 Sylvania Ave Ste 6D 43560 (419) 246-5911 No 23.27
Directions CU Oregon 3312 Dustin Rd 43616 (419) 691-1690 No 24.09

Lenco Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Lenco Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.98 2.39 4.47 4.29 3.80
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 251 71 260 178 79
Rank Among All Michigan Credit Unions 41 14 65 46 8

Lenco Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.03 0.05 0.50 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 140 148 142 263 N/A
Rank Among All Michigan Credit Unions 19 20 33 59 N/A
Lenco Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9806921,446,684
All Other Unsecured Loans/Lines of Credit 14.0104691,355,225
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.3903806,319,147
Used Vehicle Loans 4.4701,28911,754,668
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.29016317,721,442
Total Other Real Estate Loans/Lines of Credit 3.8002496,453,721
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.00078533,919
TOTAL LOANS & LEASES 3,32045,584,806

Lenco Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 10012,257,454151,761,470
    b. 15 Years or less 635,463,988141,527,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 771,682,89111320,100
Closed-End Adjustable Rate 8231,16500
Open-End Adjustable Rate 1644,539,66516314,559
Open-End Fixed Rate 0000
TOTALS 41224,175,163563,923,129


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Lenco Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes