2026-05-11T21:14:45-07:00 2025-12-31 650152722 FINANCIAL STANDARDS GROUP INC 6447 W HIGHWAY 146 CRESTWOOD KY 40014 990 2025-01-01 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 2026-05-11 true Thomas Cvinar P00743293 8005225820 2025 2025-03-06 01:10:19Z BEN NEAL 615 WEST MAPLE AVENUE ADRIAN MI 49221 7150054 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 11152 0 4530746 4917363 1986254 2232691 0 6517000 7150054 0 0 1650391 1743775 0 0 3140718 3524818 4791109 5268593 1725891 1881461 131441158 139542873 116507876 122728130 14933282 16814743 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 BEN NEAL President & CEO 40.00 0.00 X 170579 0 36262 LINDA BENSCHOTER Vice President 40.00 0.00 X 163495 0 17023 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 334074 53285 2 false true false CUANSWERS 6000 28TH STREET SE GRAND RAPIDS MI 49546 DATA PROCESSING 298500 Velera 615 Channelside Dr Suite 204 Tampa FL 33602 CARD PROCESSING 266010 BLUE CROSS BLUE SHIELD 600 E Lafayette Blvd DETROIT MI 48226 HEALTH INSURANCE 177230 3 0 FEES AND OTHER INCOME 522100 940261 929109 11152 INTEREST ON LOANS 522100 3977102 3977102 4917363 2232691 2232691 0 0 0 0 0 0 0 0 7150054 7138902 11152 0 0 0 0 387359 0 981458 56464 220900 97594 0 4186 0 0 0 0 0 141938 527305 229227 0 158643 9595 0 0 1897247 9418 95000 27552 LOAN SERVICING EXPENSE 218919 PRO SERVICES 104116 PROVISION FOR CREDIT LOSSES 60452 OPERATING FEES 23266 17954 5268593 0 0 0 1263567 1345493 23089757 24915397 0 11432 10473 1917224 1172053 0 74103905 79885345 0 170256 153648 5427352 2726725 2713125 2700627 0 25949854 26653564 0 0 2222038 2706273 131441158 139542873 823915 782045 115683961 121946085 116507876 122728130 X 14933282 16814743 14933282 16814743 131441158 139542873 1881461 X false false false 711103 711103 3171474 1429242 1742232 1544775 1297483 247292 2700627 26653564 MEMBER SHARES 121824021 OTHER LIABILITIES 122064 121946085 X X false true false BEN NEAL President & CEO 160829 9750 21155 15107 206841 LINDA BENSCHOTER Vice President 138895 22500 2100 17023 180518 BEN NEAL CEO CASD X 950000 1172053 false true true 1172053 Form 990, Part VI, Section A, Line 6 SECTION 501C14 CREDIT UNION IS COMPOSED OF MEMBERS. Form 990, Part VI, Section A, Line 7a MEMBERS VOTE ON FIELD OF MEMBERSHIP, 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. AN OATH OF OFFICE IS SIGNED ANNUALLY BY EACH BOARD MEMBER WHICH INCLUDES A NO CONFLICT OF INTEREST PLEDGE. 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.