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859-264-4200
2557 Sir Barton Way
Lexington, KY 40509

University Of Kentucky Credit Union is headquartered in Lexington and is the 5th largest credit union in the state of Kentucky. It is also the 436th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 135 employees and 55,989 members. University Of Kentucky Credit Union's CD rates are 17% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be an employee of the University of Kentucky or several other companies. - See Details

Reviews (1)

UK Credit Union

I have been very pleased with my banking experience here. I always have a positive experience when dealing with employees. They have good rates and managing my checking and savings account are very easy. They also have a really helpful online site where I can manage my accounts with ease. There is a restriction on how many online transfers you can do per month though, so as long as that is kept in mind, it is a very useful tool. The only thing that would improve this bank would be more locations so it would be easier to access when you did need to go to the bank and it wouldn't be so out of the way. 



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 University Of Kentucky Credit Union had $3.17 million in non-current loans and owned real-estate with $62.54 million in equity and loan loss allowances on hand to cover it. This gives University Of Kentucky Credit Union a Texas Ratio of 5.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for University Of Kentucky Credit Union experienced no significant changes from 4.37% as of March 31, 2013 to 5.07% as of March 31, 2014, resulting in a negative change of 15.85%. This indicates that the balance sheet and financial strength for University Of Kentucky Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, University Of Kentucky Credit Union has increased its total deposits by $25.62 million, resulting in 6.02% 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 University Of Kentucky Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. University Of Kentucky Credit Union has $517.51 million in assets with $62.54 million in equity, resulting in a capitalization level of 12.09%, which is excellent.

Institution Statistics

Overall
NCUA #24165
Year Chartered1937
Employees135
Primary Regulator
Assets and Liabilities
Assets$517.51 million
Loans$424.69 million
Deposits$451.03 million
Equity Capital$56.00 million
Loan Loss Allowance$6.54 million
Unbacked Noncurrent Loans$3.13 million
Real Estate Owned$40,000
Historic Data - March 2013
Assets$488.07 million
Equity Capital$49.27 million
Loan Loss Allowance$5.58 million
Unbacked Noncurrent Loans$3.13 million
Real Estate Owned$400,000
Profit Margin - Quarterly
Net Interest Margin1.27%
Return on Assets1.93%
Return on Equity17.81%
Interest Income$6.07 million
Rates
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University Of Kentucky Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100-Senior Share Saving Account
0.15%--IRA Account
0.15%--Roth IRA Account
0.10%$100-Prime Share Saving Account
0.10%--Club Account

University Of Kentucky Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Money Market Account

University Of Kentucky Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.80%$90k-5 Year Jumbo CD Dividend Paid Annually
1.78%$90k-5 Year Jumbo CD Dividend Paid Monthly
1.75%$1k-5 Year CD Dividend Paid Annually
1.74%$1k-5 Year CD Dividend Paid Monthly
1.55%$90k-4 Year Jumbo CD Dividend Paid Annually
1.54%$90k-4 Year Jumbo CD Dividend Paid Monthly
1.50%$1k-4 Year CD Dividend Paid Annually
1.49%$1k-4 Year CD Dividend Paid Monthly
1.30%$90k-3 Year Jumbo CD Dividend Paid Annually
1.29%$90k-3 Year Jumbo CD Dividend Paid Monthly
1.25%$1k-3 Year CD Dividend Paid Annually
1.25%$90k-2 Year Jumbo CD Dividend Paid Annually
1.24%$90k-2 Year Jumbo CD Dividend Paid Monthly
1.24%$1k-3 Year CD Dividend Paid Monthly
1.20%$1k-2 Year CD Dividend Paid Annually
1.19%$1k-2 Year CD Dividend Paid Monthly
1.15%$90k-18 Month Jumbo CD Dividend Paid At Maturity
1.14%$90k-18 Month Jumbo CD Dividend Paid Monthly
1.10%$1k-18 Month CD Dividend Paid At Maturity
1.09%$1k-18 Month CD Dividend Paid Monthly
1.05%$90k-1 Year Jumbo CD Dividend Paid At Maturity
1.05%$90k-1 Year Jumbo CD Dividend Paid Monthly
1.00%$1k-1 Year CD Dividend Paid At Maturity
1.00%$1k-1 Year CD Dividend Paid Monthly
0.70%$1k-2 Year Step Rate CD Dividend Paid Annually
0.70%$1k-2 Year Step Rate CD Dividend Paid Monthly
0.20%$1k-6 Month CD Dividend Paid At Maturity
0.10%$1k-3 Month CD Dividend Paid At Maturity

University Of Kentucky Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-5 Year IRA Dividend Paid At Maturity
1.50%$1k-4 Year IRA Dividend Paid At Maturity
1.25%$1k-3 Year IRA Dividend Paid At Maturity
1.20%$1k-2 Year IRA Dividend Paid At Maturity
1.10%$1k-18 Month IRA Dividend Paid At Maturity
1.00%$1k-1 Year IRA Dividend Paid At Maturity
Locations


University Of Kentucky Credit Union Locations
Branch Office245 S LimestoneLexington, KY 40508-2501
Branch Office1080 Export StLexington, KY 40504-2760
Branch Office370 Meijer WayLexington, KY 40503
Branch Office2557 Sir Barton WayLexington, KY 40509
Branch Office940 Midnight PassLexington, KY 40513