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March 2018

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The Lenco Board of Directors has raised the dividend rate on Money Market Accounts from 0.05% to 0.15%, effective February 1, 2018. You can deposit into, and withdraw from, Money Market Accounts as often as you like, provided you maintain a minimum balance of $2,500.00 Share Account rates were raised from 0.03% to 0.07% and Share Draft Account rates from 0.01% to 0.05%.


Looking for a longer term and a better rate. We try to keep our CD rates the highest in Lenawee County. In fact, if you find a higher rate at any Bank or Credit Union in Lenawee County, we’ll match it. Currently, our 1-year CD is at 0.50% and our 2-year CD is at 0.75%. You can go as long as 5 years at a rate of 2.15%.


And even more good news – we provide the convenience of opening a Money Market Account or CD using Online Banking. Just login to your account, hover over “New Accounts”, and then either click “More Certificate Info” or “More Share Info”. Rates and terms are disclosed on the next screen. If you have any issues, just contact our office at 517-263-0851 or email us at Of course, you’re always welcome to visit us in person at either of our 2 branches and we’ll be happy to help you in person. ​​

Ben Neal



2018 Vehicles with the Highest Safety Ratings
Discover the safest models in each major vehicle segment

If you want to know which vehicles are the safest in each segment, Nathan Bomey of USA Today recommends consulting the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA), the two leading experts on vehicle-based safety.

The Hidden Costs of Car Buying
Lookout for these sneaky car buying costs

Buying a car, whether new or used, is an exciting yet expensive time. In addition to the sticker price, you have to budget for hidden costs associated with securing your new ride. From dealership fees and taxes to insurance premiums, the hidden costs of buying a car can break your budget if you don’t plan ahead or know what fees to decline.

Healthy Late-Night Snacks
Enjoy tasty snacks before bedtime while maintaining a trim waistline

A major challenge of dieting is to lower your caloric intake while increasing your energy expenditure. While burning off calories is a crucial step to achieving any fitness goal, it can also leave you hungry. Here are 10 low-fat snacks that will help stave off hunger while keeping you on track with your diet, particularly when those late-night munchies hit.

7 Expenses You Can Cut
Save a little dough by cutting these budget-draining expenses

Saving money can be difficult, but it can often be as simple as cutting certain things or activities from your daily life. Save money by cutting the following suggested money drains from your budget.

Published by Lenco Credit Union
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Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.  

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