2025-05-13T13:20:37-07:00 2024-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2024-01-01 381999910 CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION CRED 5172630851 615 WEST MAPLE AVENUE ADRIAN MI 49221 BEN NEAL President & CEO 2025-05-13 true true Donald E Lingerfelt P00339004 8005225820 2024 2025-03-06 01:10:19Z BEN NEAL 615 WEST MAPLE AVENUE ADRIAN MI 49221 6517000 false X https://lenco.org/ X 1970 MI Lenco Credit Union is a member-owned financial cooperative. It is our mission to provide member-owners with the highest quality financial services allowed within the realm of safe and sound business practices; to encourage thrift, savings, and the wise use of credit; to promote the cooperative ideals of the credit union philosophy; and to promote and support the people, agencies, and organizations of Lenawee County. 7 7 22 9 11160 0 4096487 4530746 924620 1986254 0 5021107 6517000 0 0 1590419 1650391 0 0 2292925 3140718 3883344 4791109 1137763 1725891 121319921 131441158 908432 116507876 120411489 14933282 Lenco Credit Union is a member-owned financial cooperative. It is our mission to provide member-owners with the highest quality financial services allowed within the realm of safe and sound business practices; to encourage thrift, savings, and the wise use of credit; to promote the cooperative ideals of the credit union philosophy; and to promote and support the people, agencies, and organizations of Lenawee County. false false Credit Union Programs: State-chartered not-for-profit financial institution (credit union) serving 7,548 member-owners in Lenawee. false false false false false false false false false true true false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 3169 0 true 22 true true true false false false false false false false X 7 7 false false false false true true true true true false true true false true true true true true true true false X BEN NEAL 5172630851 615 WEST MAPLE AVENUE ADRIAN MI 49221 LINDA BENSCHOTER Vice President 40.00 0.00 X 240995 0 18200 BEN NEAL President & CEO 40.00 0.00 X 175393 0 25400 EILEEN LOVELAND VICE PRESIDENT 40.00 0.00 120269 0 0 ROBERT WRIGHT Director 1.00 0.00 X 0 0 0 SAM EWING Chairman 1.00 0.00 X 0 0 0 KEITH DERSHAM Director 1.00 0.00 X 0 0 0 DEANNA HARTLEY Secretary 1.00 0.00 X 0 0 0 CINDY PRUE Treasurer 1.00 0.00 X 0 0 0 MICHAEL CRAFTS Director 1.00 0.00 X 0 0 0 WILLIAM BLACKERBY Director 1.00 0.00 X 0 0 0 536657 43600 3 true true false CUANSWERS 6000 28TH STREET SE GRAND RAPIDS MI 49546 DATA PROCESSING 306545 Co-op Solutions 9692 Haven Ave Rancho Cucamonga CA 91730 CARD PROCESSING 240119 VISA 1 MARKET PLAZA SAN FRANCISCO CA 94105 CARD PROCESSOR 115235 BLUE CROSS BLUE SHIELD 600 E Lafayette Blvd DETROIT MI 48226 HEALTH INSURANCE 139108 4 0 FEES AND OTHER INCOME 522100 753212 742052 11160 INTEREST ON LOANS 522100 3652404 3652404 MISC INCOME 522100 125130 125130 4530746 1986254 1986254 0 0 0 0 0 0 0 0 6517000 6505840 11160 0 0 0 0 459988 0 852275 59503 174400 104225 0 10796 0 0 0 0 0 89663 484593 236148 0 144077 0 0 0 1735113 8457 86664 25248 LOAN SERVICING EXPENSE 205043 PRO SERVICES 94046 MISC EXPENSE 19164 OPERATING FEES 18500 -16794 4791109 0 0 0 1216141 1263567 5058553 23089757 0 11432 1741185 1917224 0 78310837 74103905 0 234223 170256 5331528 2618403 2689598 2713125 0 30050536 25949854 0 0 2018848 2222038 121319921 131441158 908432 823915 115683961 908432 116507876 X 107204099 13207390 14933282 120411489 14933282 121319921 131441158 X 1725891 -107204098 X false false false 686416 686416 3171474 1470885 1700589 1473638 1147518 326120 2713125 25949854 MEMBER SHARES 115532274 OTHER LIABILITIES 151687 115683961 X false true false BEN NEAL President & CEO 166856 8537 11000 14400 200793 EILEEN LOVELAND VICE PRESIDENT 43269 77000 120269 LINDA BENSCHOTER Vice President 138495 102500 18200 259195 BEN NEAL CEO CASD X 950000 1150764 false true true 1150764 Form 990, Part VI, Section A, Line 6 SECTION 501(C)(14) CREDIT UNION IS COMPOSED OF MEMBERS. Form 990, Part VI, Section A, Line 7a MEMBERS VOTE ON BYLAWS AND CHARTER CHANGES. MEMBERS VOTE AND ELECT BOARD MEMBERS AT ANNUAL MEETING. Form 990, Part VI, Section A, Line 7b MERGERS ARE VOTED ON BY ENTIRE MEMBERSHIP. Form 990, Part VI, Section B, Line 11b MANAGEMENT REVIEWS TAX RETURNS AND FORWARDS US FORM 8879-TE TO TAX PREPARER. BOARD OF DIRECTORS REVIEWS FILED TAX RETURN AT NEXT SCHEDULED MEETING. Form 990, Part VI, Section B, Line 12c EMPLOYEE LOANS INCLUDING MANAGEMENT AND THE BOARD ARE APPROVED BY A BOARD APPOINTED CREDIT COMMITTEE. Form 990, Part VI, Section B, Line 15a PRESIDENT/CEO SALARY IS BOARD REVIEWED AND APPROVED. BOARD OF DIRECTORS ARE VOLUNTEERS ARE NOT COMPENSATED. PRESIDENT/CEO REVIEWS AND APPROVES EMPLOYEE SALARIES. Form 990, Part VI, Section C, Line 19 Monthly financial reports are posted in the credit union lobby. The notice of annual meeting IS distributed to each member. The annual report is available at this meeting as well as by request. Financial Performance Reports are available through the NCUA Research a Credit Union website. Form 990, Part XI, Line 9 = -$XXX-XX-XXXX