NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

ADRIAN, MI

Total revenue

$6.5M

Total expenses

$4.8M

Net assets

$14.9M

Grants received

EIN

381999910

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$4.5M
Investment income$2.0M
Other revenue
Total revenue$6.5M

Expenses

Grants paid
Salaries & benefits$1.7M
Fundraising
Other expenses$3.1M
Total expenses$4.8M
Total assets$131.4M
Net assets$14.9M

People

10 listed

NameRoleCompensation

LINDA BENSCHOTER

Vice President

Board

$241K

40 hrs/wk

BEN NEAL

President & CEO

Board

$175K

40 hrs/wk

ROBERT WRIGHT

Director

Board

1 hrs/wk

SAM EWING

Chairman

Board

1 hrs/wk

KEITH DERSHAM

Director

Board

1 hrs/wk

DEANNA HARTLEY

Secretary

Board

1 hrs/wk

CINDY PRUE

Treasurer

Board

1 hrs/wk

MICHAEL CRAFTS

Director

Board

1 hrs/wk

WILLIAM BLACKERBY

Director

Board

1 hrs/wk

EILEEN LOVELAND

VICE PRESIDENT

Staff

$120K

40 hrs/wk

Independent contractors

CUANSWERS

DATA PROCESSING

$307K

Co-op Solutions

CARD PROCESSING

$240K

BLUE CROSS BLUE SHIELD

HEALTH INSURANCE

$139K

VISA

CARD PROCESSOR

$115K

Details

EIN381999910
Subsection14
Ruling date1956-10
Formed1970
Employees22
Volunteers9
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo