Abound Credit Union, formerly known as Fort Knox Federal Credit Union, has provided valuable banking solutions to help hardworking Kentucky families thrive for more than 70 years. Today, we’ve grown to become Kentucky’s largest credit union with 18 locations serving over 115,000 military and civilian members. The Credit Union has been recognized for its leadership in financial education at the state and national level, winning the Kentucky Governor's Service Award and the Credit Union National Association Award for Youth Financial Literacy.
To join, go to AboundCU.com. Credit Union Membership requires a $10, one-time fee and a minimum $5 balance in the share savings account.
Membership in Abound Credit Union is open all individuals who join either the USA Cares Association or the ECTC Military Education Association ($10 membership fee for either). Individuals who live, work, or worship in the Kentucky counties of Boyle, Breckenridge, Grayson, Hart, Larue, Meade, Nelson, or Taylor also qualify for membership, as do immediate family members of current Abound Credit Union members and/or employees.
See current membership details
Does not offer ACH - you must wire in money and they charge $3 for incoming wires. Outgoing wires are $12. Reduces their APY somewhat. Not great service in my opinion.
Recently I was informed by credit union provider of identity protection my coverage had been cancelled. When I ask the representative with Identity Secure who authorized the cancellation I was told to contact the financial institution where I purchased the service. I contacted the credit union and spoke to a representative regarding the cancellation without my authorization and why the fee for service was still being deducted from my account. The representative would not provide the information I requested. I commend the credit union for refunding the fees, however I believe there is a communication problem between the credit union and identity protection provider.
My ex-wife transferred one of our car loans here to save a few bucks on our car payment. When it came time to pay the car off, they just kept charging us and would not send us the title. I had to make many many phone calls and fight with them for months to get it taken care of. I don't know how this company stays in business with such horrible service. They are rude and don't like to get anything done.
I have been a member of this credit union for years. I cannot say enough how they have worked with me to improve my financial position.
Overall | |
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NCUA # | 7000 |
Year Chartered | 1950 |
Employees | 335 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.56% |
Return on Equity - YTD | 12.5% |
Annual Interest Income | $46.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $2.17B$2.03B |
Loans | Q2 2023vs Q2 2022 | $1.53B$1.35B |
Deposits | Q2 2023vs Q2 2022 | $1.79B$1.74B |
Equity Capital | Q2 2023vs Q2 2022 | $269.0MM$256.3MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$24.0MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $6.0MM$5.4MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.50% | $500 | - | 59 Month Rate Riser IRA |