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Overview / Commentary
577 Dudley Road
Edgewood, KY 41017

SEMC Credit Union is headquartered in EDGEWOOD and is the 23rd largest credit union in the state of Kentucky. It is also the 2,408th largest credit union in the nation. It was established in 1970 and as of December of 2013, it had grown to 13 employees and 8,593 members. SEMC Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee of St. Elizabeth Hospital or other Select Employee Group. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. SEMC Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 SEMC Credit Union had $476,000 in non-current loans and owned real-estate with $7.03 million in equity and loan loss allowances on hand to cover it. This gives SEMC Credit Union a Texas Ratio of 6.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for SEMC Credit Union experienced no significant changes from 4.74% as of December 31, 2012 to 6.77% as of December 31, 2013, resulting in a negative change of 42.78%. This indicates that the balance sheet and financial strength for SEMC Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, SEMC Credit Union has increased its total deposits by $3.89 million, resulting in 11.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth SEMC Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. SEMC Credit Union has $44.67 million in assets with $7.03 million in equity, resulting in a capitalization level of 15.73%, which is excellent.

Institution Statistics

NCUA #19879
Year Chartered1970
Primary Regulator
Assets and Liabilities
Assets$44.67 million
Loans$31.18 million
Deposits$37.39 million
Equity Capital$6.87 million
Loan Loss Allowance$154,000
Unbacked Noncurrent Loans$476,000
Real Estate Owned$0
Historic Data - December 2012
Assets$39.99 million
Equity Capital$6.13 million
Loan Loss Allowance$148,000
Unbacked Noncurrent Loans$476,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.28%
Return on Assets1.65%
Return on Equity10.75%
Interest Income$2.19 million
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SEMC Credit Union Savings Account Rates

0.35%$75k-Savings Plus Account
0.35%$75k-IRA Savings Plus Account
0.35%$75k-Roth IRA Savings Plus Account
0.20%--Jungle Saver-Super Teen Account
0.20%--IRA Savings
0.20%--Roth IRA Savings
0.15%--Regular Saving Account
0.15%--Special Savings Account
0.15%--Vacation Club Account
0.15%--Christmas Club Account

SEMC Credit Union Checking Account Rates

0.10%--Interest Plus Checking Account

SEMC Credit Union CD Rates

2.50%$1k-60 Month CD
2.00%$1k-48 Month CD
1.50%$1k-36 Month CD
1.00%$1k-24 Month CD
0.80%$1k-18 Month CD
0.70%$1k-12 Month CD
0.55%$1k-6 Month CD

SEMC Credit Union IRA Rates

2.50%$1k-60 Month IRA (Traditional,Roth)
2.00%$1k-48 Month IRA (Traditional,Roth)
1.50%$1k-36 Month IRA (Traditional,Roth)
1.00%$1k-24 Month IRA (Traditional,Roth)
0.80%$1k-18 Month IRA (Traditional,Roth)
0.70%$1k-12 Month IRA (Traditional,Roth)
0.55%$1k-6 Month IRA (Traditional,Roth)

SEMC Credit Union Locations
Branch Office7380 TURFWAY RdFLORENCE, KY 41042-1355
Branch Office577 DUDLEY PIKEEDGEWOOD, KY 41017
Branch Office85 N GRAND AVEFORT THOMAS, KY 41075-1793