EIN 38-1999910

Lenco Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
22
City
Adrian
Year formed
1970
Most recent tax filings
2023-12-01
Description
Lenco Credit Union is a member-owned financial cooperative. It is their mission to provide member-owners with the highest quality financial services allowed within the realm of safe and sound business practices.
Related structure
Lenco Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan
Total revenues
$5,021,107
2023
Total expenses
$3,883,344
2023
Total assets
$121,319,921
2023
Num. employees
22
2023

Program areas at Lenco Credit Union

Credit Union Programs: State-chartered not-for-profit financial institution (credit union) serving 7732 member-owners in Lenawee County, Michigan.

Personnel at Lenco Credit Union

NameTitleCompensation
Ben NealPresident and Chief Executive Officer$164,574

Financials for Lenco Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$4,096,487
Investment income and dividends$924,620
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,021,107

Form 990s for Lenco Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-26990View PDF
2022-122023-05-09990View PDF
2021-122022-05-14990View PDF
2020-122021-05-07990View PDF
2019-122020-12-07990View PDF
...and 9 more Form 990s
Data update history
August 11, 2024
Updated personnel
Identified 1 new personnel
July 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 12, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
615 W Maple Ave
Adrian, MI 49221
County
Lenawee County, MI
Website URL
lenco.org/ 
Phone
(517) 263-0851
Facebook page
LencoCU 
Twitter profile
@lencocu 
IRS details
EIN
38-1999910
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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