Shares/Savings

Lenco offers many savings programs with some of highest rates and fewest restrictions around. From time to time we run special rates on Certificates.

Regular Shares
The Lenco Share Account is the same as a regular, passbook type savings at other financial institutions. A five dollar (one share) deposit makes you a member (and owner) of Lenco Credit Union. The share account pays dividends monthly and is calculated on the average daily balance in the account. Typically, Lenco pays a half-percentage point higher on shares than other banks and savings & loans.

Money Market
Open a Lenco Credit Union MONEY MARKET ACCOUNT and earn a high rate without all the restrictions of other money market programs. A minimum balance of $2500 must me maintained, but there are no restrictions on the amount of deposits or withdrawals allowed. Accounts are fully insured to $250,000 with dividends paid monthly.

Christmas Club
Open a CHRISTMAS CLUB account at Lenco Credit Union, and avoid the financial crunch next December. You can either sign up for a payroll deduction or make deposits on your own. Either way, you account earns a competitive dividend rate.

Certificates of Deposit
Lenco offers many savings opportunities with few restrictions and some of the highest rates around! We will beat any advertised CD rate in Lenawee County. Just bring us a regular printed advertisement from another financial instituition, and we’ll beat their APY…guaranteed!

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