Sep, 30, 2025 — LENCO CREDIT UNION is a federally insured state chartered credit union headquartered in ADRIAN, MI with 2 branch locations and about $135.49 million in total assets. Opened 56 years ago in 1970, LENCO CREDIT UNION has about 7,665 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LENCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 615 W Maple Ave ADRIAN, MI 49221-1630 |
| Phone: | (517) 263-0851 |
| Fax: | (517) 263-1609 |
| Website: | https://www.lenco.org |
| Branches: | 2 branch locations |
| Members: | 7,665 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60991 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $135,488,348 |
| CEO/Manager: | Ben Neal |
| Chairperson: | Sam Ewing |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,514,872 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,551,473 |
| Unsecured Loans | 2,544,736 |
| Other Loans | 33,697,778 |
| TOTAL LOANS | 80,793,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,199 |
| Land And Building | 2,478,143 |
| Other Fixed Assets | 250,160 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,109,724 |
| All Other Assets | 0 |
| TOTAL ASSETS | 135,488,348 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 154,949 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 816,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,657,467 |
| Regular shares | 35,708,278 |
| All Other Shares & Deposits | 61,829,356 |
| TOTAL SHARES & DEPOSITS | 118,195,101 |
| TOTAL LIABILITIES | 119,174,634 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 16,313,714 |
| TOTAL EQUITY | 16,313,714 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,488,348 |
| INCOME & EXPENSE | |
| Loan Income | 2,923,156 |
| Investment Income | 1,636,064 |
| Other Income | 584,590 |
| Total Employee Compensation & Benefits | 1,285,039 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,163,867 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,910 |
| Cost of Funds | 1,406,937 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,380,433 |
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