Check out the many products we have to offer, all designed to save you money!
Home Equity Loans
A Home Equity Loan from Lenco Credit Union allows you to borrow against the equity you’ve built in your home. It’s a convenient and affordable financing option for home improvements, education expenses, debt consolidation, or other personal needs. Interest paid on home equity loans may be tax deductible; please consult your tax advisor regarding eligibility.
Lenco Credit Union offers two home equity lending options to meet your needs: a 10-year closed-end loan with a fixed interest rate, and a Home Equity Line of Credit (HELOC) with a variable rate tied to the Prime Rate. Both options feature no application fees and no annual fees. Members are responsible only for the cost of a title search and an appraisal, if required to determine property value.
First Mortgage Loans
Lenco Credit Union offers Fixed-Rate First Mortgages with flexible terms of 10, 15, 20, and 30 years. With no application fee and competitive rates and closing costs among the lowest in Lenawee County, financing your home has never been more affordable.
Whether you’re refinancing an existing first mortgage or seeking pre-approval for the purchase of a new home, Lenco Credit Union is here to help guide you through the process with personalized service and local expertise.
For more information about Home Equity Loans or Mortgage options, or to determine your eligibility, please contact Aarika Bates at abates@lenco.org.
Auto Loans
Lenco Credit Union offers some of the most competitive auto loan rates available, making us a trusted choice for financing your next vehicle. In addition to low rates, we provide a streamlined lending experience with no processing fees and a fast turnaround time—most automobile loan applications are reviewed within 24 hours or less.
Lenco Credit Union proudly offers a Low Rate Guarantee. We will match any lower advertised auto loan rate from another financial institution in Lenawee County, ensuring you receive the best value for your auto financing needs.
VISA
Lenco Credit Union offers a range of VISA® credit cards designed to provide flexibility, convenience, and exceptional value—all with fixed interest rates and no hidden fees.
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VISA Platinum — Fixed rate as low as 7.99%
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VISA Gold — Fixed rate of 12.00%
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VISA Classic — Fixed rate of 15.00%
Each VISA card comes with no annual fee, no balance transfer fee, and no cash advance fee, helping you manage your finances with confidence and predictability.
In addition to being ideal for everyday purchases, your Lenco VISA® card can be accessed at any time by transferring funds directly to your Lenco checking or savings account. This added flexibility provides peace of mind, ensuring you’re prepared for unexpected expenses whenever they arise.
If you are interested in a consumer loan or would like to determine your eligibility, please contact Erin Oram, Jackie Cooper, or Fran Brant for personalized assistance.
Your Lenco VISA card may be used in all foreign countries except:
- Brazil
- China
- Japan
- Saudi Arabia
- North Korea
- South Korea
- Philippines