# LENCO
Adrian, MI · NCUA charter 60991 · asset band $100-200M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/lenco-60991

Who the members are: state charter, organized 1970, low-income designated. 7,565 members of 100,000 potential (7.6% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $143.6M |
| Members | 7,565 (0.1% YoY) |
| Full-time staff | 19 |
| Net worth | $17.2M |
| Net worth ratio | 12.0% (p54 of band) |
| ROA (annualized) | 1.08% (p73 of band) |
| Total delinquency | 0.16% (p11 of band) |
| Net charge-offs (annualized) | 0.02% (p10 of band) |
| Loans / shares | 62% (p36 of band) |
| Cash / assets | 39.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.93% (p12 of band) |
| Operating expense / assets | 2.49% (p12 of band) |
| Vehicles % of loans | 36% (p48 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 47% |
| Third-party paper % of net worth | 76% (p64 of band) |
| Vehicle delinquency | 0.30% (p29 of band) |
| Vehicle NCO | 0.00% (p8 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 28% |
| Average share balance | $7,401 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $19,973 |
| Loans granted, annualized | $17.2M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | thin capital |
| 2018-03 | 2 | delinquency rising |  |
| 2018-06 | 1 |  | delinquency rising |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | delinquency rising |  |
| 2019-12 | 1 |  | delinquency rising |
| 2020-03 | 2 | delinquency rising |  |
| 2020-06 | 3 | net worth falling, margin squeeze | delinquency rising |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 3 | net worth falling |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 1 |  | 3rd-party paper>100% NW |
| 2022-09 | 1 | 3rd-party paper>100% NW | delinquency rising |
| 2022-12 | 2 | delinquency rising |  |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 2 | assets shrinking |  |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 1 |  | assets shrinking, delinquency rising |
| 2024-03 | 0 |  | 3rd-party paper>100% NW |
| 2024-06 | 1 | delinquency rising |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | delinquency rising |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 1 | net worth falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2013-06-10 [Lenco Credit Union opens second location - lenconnect.com](https://news.google.com/rss/articles/CBMingFBVV95cUxOR0FYRUpmSU1LTWQ2c25MRG5sODVUc2VxSFgwNUYzX2FFc3NyUnNmRzZ1NXFLNkJLcUhPd2ZtVzdpYzRfcWEwR3k1RUdYUTF4T0RXU2U2R3JEbTMwRGRQclFKVC1aajdFYUJsUlVMWjVDdFZVRVloMkhiVGlWQnVNeGVZUkxPNTlTQWVadFc1WVpoVXNVWGdTSkQ2VWVFdw?oc=5) · lenconnect.com
- 2026-01-29 [Dr. Richard E. Werstler Obituary Jan 2, 2015 - Arnold Funeral Homes](https://news.google.com/rss/articles/CBMibkFVX3lxTE1IeHlPdlVkQ0Z3bEtlU1lfZmFmTXFDZ1N3ajh3OXlhMldzWWVfdTJ0Wi16RVd1WmxyeFNodk1VSWFyNjhhVmdlaDhQUXZiYnEzZERCYW9EZnJ5RGh6QnFKVXFkeWZfUWJWekFNXzZn?oc=5) · Arnold Funeral Homes
- 2022-12-01 [Two families adopt three kids during Lenawee County Adoption Day ceremony - lenconnect.com](https://news.google.com/rss/articles/CBMiogFBVV95cUxOWERWeTNneExrUjVCbXEwakNsM1Ewd3pIOFd6cnRKdE0xMENfSDdtYmZrTzNmRkxZbDNzcFk5S25SWHJfcVA0bWpSX1ZGS0tNMUVPNmY5Y2Q0VUxQSXY1QkhCaHVLY2F5TUdkcUtRVVZHS2Q5WnFEM21ub1pkUzlfR3FHUXcyZ05sUTR3dlR0QXUxamhrcnNjZW5LdTBja2hidXc?oc=5) · lenconnect.com
- 2021-10-04 [Patricia Driskill Obituary (1949 - 2017) - Rollin Township, MI - The Daily Telegram - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxNQkxWOGJtV3VOeHdJUmtzT3pqcEVrcDN3TV9qQ0gyYXc5Y0h5eTZON1p2MkZKZW56eUg5dTE4QjAyZWh2UEctQVBCVjg1dlRUekNxbWM4RnpFTE9Ia2lJS2NHNEs4aE1PbzdRcmI3bTVnTFZMTDE2ZlZVU1g0aDlQYnFfUkdRM1VMSFktQVBDc3hacGN2Tmc?oc=5) · legacy.com
- 2023-11-20 [Everyday Heroes of Lenawee County honored by Catherine Cobb Safe House - lenconnect.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNd043ZUJKaF93c0lOdjhQT0hQOHFuUWN1SDdYTkRhd1d0N21NRE5CUFp5WG1BRmlLY01ZYl9xZ2lKMzNWMlhldlRJczBPRWx6YmJHb25FZGZxa3lqV3FON1FubGhoUGNxaUVKNU1ndkdaTUxweXNPNFpXVXVuRlNYQV91XzNoaDFDbzYyY2NQYnJyRTlUYk1HZWwtREJvTmg3TWZBcFFnR3FYeDFuQ1hHakwtRkh5WEIzWE1hR01xbFdvdw?oc=5) · lenconnect.com
- 2019-07-13 [Golfing duo goes for a marathon outing - lenconnect.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxQaU13ZEpwdGJPTjFWdWJxNEpDV2FDbnpkYkVKVmZUQWdlYV9YbWk5ZldwaXhEZ2FxWGdxMGRJZTRiZlJ0X0p0eWtSSmFCeHlDc3NlMGo1QXRRMW9uRnRNZmo4eTRtZHpYM0gtT204b1VsT2RzNk02NzJzQm9yLXhDR0hSRWs3SFExaXVjcGw2cm5FbElHalZPWlJNa3R1ZG9ZenR3?oc=5) · lenconnect.com
- 2018-05-11 [Hudson couple adopts 13th, 14th and 15th children - lenconnect.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxNbnZCODlLZVZweDFrODZSbnZVOEw1OHNZN3N5UFotMnlWYmtaM1p2S0RlUk93NkhhTWphWWlVUF9XeEFVTzcwQzBVT0JSeE1iMlN1eTFsaEVJUVpXR1h0Q0I5SkcxOTdmTXNsX2c4TXp2em5Bc1c0N3JEUlBLQUljeHNES2pRdHM3MEVrTVZqRnNPeU1zcDNkT293T3lNSTR4Z1kxaThVNA?oc=5) · lenconnect.com
- 2021-12-03 [Lenawee County celebrates Adoption Day as brothers find a forever home - lenconnect.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxQazY5UElhSEhWc3AtTlU3eXZSckJIYUFJRnM0UndxTHVVQVRseHZVekdGQmE2S0k1WHprTVRTVnRZdjVQakJkeFA1RUVpV3B6dWk1ckw3Tm80R1NEZlpIeUNzNGZXcHJRdVFhSFlhbkZoZG1iZGhxTV91dUhYcUN2ckxMNkpocW5sZXpQSmFKbndPSWhMX0x6dU1oMTFsdWVoXy1GTllB?oc=5) · lenconnect.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60991 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/63.json (key "60991", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=60991
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide