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Filing year 2024

CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION

Adrian, Michigan·EIN 38-1999910·501(c)(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 · Part VII & Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Vice President
Above 90th percentile
$259k
$279k
Base
$138k
Bonus
$103k
Other
Benefits
President & CEO
75th to 90th percentile
$201k
$216k
Base
$167k
Bonus
$9k
Other
Benefits
$14k
Vice President
Board Vice President
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 22% from 2023 to 2024, while revenue rose 30%.

$165k in 2023 to $201k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION

What does the Vice President of CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION earn?

In 2024, the Vice President of CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION received $259,195 in total compensation. This pay is in the top 10% for Vice President roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Vice President pay at CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Vice President at CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION falls in the top 10%.

What are CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION's revenue and expenses?

In 2024, CREDIT UNIONS CHARTERED IN THE STATE OF MIDBA LENCO CREDIT UNION reported $6.5M in total revenue and $4.8M in total expenses on its IRS Form 990.

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