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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION

Adrian, Michigan·EIN 38-1999910·14
Total revenue
$6.5M
Total assets
$131.4M
Total expenses
$4.8M
Reported officers
10
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Vice President
vice president
$259k
$279k
Base
$138k
Bonus
$103k
Other
Benefits
$201k
$216k
Base
$167k
Bonus
$9k
Other
Benefits
$14k
Vice President
vice president
$120k
$129k
Base
$43k
Bonus
$77k
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 57%
from 2023

From $165k in 2023 to $259k in 2024.

$165k
2023
$259k
2024
In today's dollarsEst.
Up 53% in real terms$182k to $279k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5M
$3.9M
2023
$6.5M
$4.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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