Abound Credit Union
Fort Knox Federal Credit Union primarily serves areas of north central Kentucky. However, its field of membership now includes members of American Consumer Council which is free and open to anyone. Credit union membership requires a $10 one-time fee and a minimum $5 balance in the share savings account.
Field of Membership Restrictions
Abound Credit Union is open to: (1) Anyone who lives, works, regularly conducts business, worships, or goes to school designated areas in Kentucky; (2) Active duty Military, National Guard, Reserve, or Civil Service employees; (3) Retired Civil Service or Military; (4) Contractors attached to Fort Knox Army base; (5) Employees of one of the SEGs (must contact the credit union for a list of employer groups)
See current membership details
Related Posts
6/15 - 14-Month CD Special, 1.50% APY
2/16 - Limited-Time Rate On 59-Month CD, 2.25% APY
11/3/14 - 23-Month Cds
2/21/14 - Special 46-Month CD at Fort Knox FCU - Beware of Its History
8/6/13 - Special CD Rates at Fort Knox Federal Credit Union
7/27/13 - Fort Knox FCU CD Specials (9, 14, And 23 Months)
12/28/12 - Competitive CD Specials at Fort Knox FCU - Limited to KY, TN & IN
7/2/12 - Top 59-Month CD Rate at Fort Knox Federal Credit Union - Easy Membership
11/26/11 - Issues With CD Early Withdrawal Penalty At Fort Knox Federal Credit Union
10/25/11 - Fort Knox FCU's 59-Month CD And Its Large Early Withdrawal Penalty
9/23/11 - NCUA Rules in Favor of Credit Union That Raised Early Withdrawal Penalty on Existing CDs
7/27/11 - Fort Knox FCU -- Early Withdrawal Penalty
6/17/11 - Highest 5-Year CD Rate in the Nation at Fort Knox Federal Credit Union
3/31/11 - Credit Union Increases Early Withdrawal Penalty on Existing CDs
12/23/10 - Top CD Rates at Fort Knox Federal Credit Union - Easy Membership
10/15/10 - Fort Knox FCU Slashes Long-Term CD Rates
10/5/10 - Fort Knox FCU Cuts Money Market Rates
7/27/10 - Fort Knox FCU Limits Special CD Rates To Local Residents
7/16/10 - Special CD Rates Rise at Fort Knox FCU - Easy Membership
6/2/10 - Fort Knox FCU Cuts the Top Rate of Its Money Market Account
6/2/10 - Money Market Interest Rate For Over $50K Has Dropped From 1
4/19/10 - Update on Fort Knox Federal Credit Union and Its High-Yield CDs
4/9/10 - Competitive CDs, Money Market Account & Credit Card at Fort Knox FCU in Kentucky - Easy Membership
3/25/10 - 2.50% 22-Month CD & Other Top CD Rates at Fort Knox FCU in Kentucky
12/9/09 - 2.15% 13-Month CD & 3.50% 60-Month CD at Fort Knox Federal Credit Union in Kentucky - Local Only
10/17/09 - 2.50% 7-Month CD & 2.60% 11-Month CD at Fort Knox Federal Credit Union in Kentucky - Local Only
9/25/08 - 5.00% 7-Month CD at a Kentucky Credit Union (Fort Knox)
8/27/08 - 5.65% 7-Month CD at a Kentucky CU (Fort Knox)
6/29/07 - 6.00% 7-Month CD at a Kentucky CU (Fort Knox)
6/19/07 - 5.65% 7-Month / 5.65% 17-Month CD at a Kentucky CU (Fort Knox)
4/27/07 - 5.50% 7-Month / 5.50% 17-Month CD at a Kentucky CU Continues (Fort Knox)
2/24/07 - 6.15% 7-Month CD at a Kentucky CU Continues (Fort Knox).
2/24/07 - 5.50% 7-Month / 5.50% 17-Month CD at a Kentucky CU (Fort Knox)
8/3/06 - 6.15% 7-Month CD at a Kentucky CU (Fort Knox)
6/10/06 - 5.60% 7-Month CD at a Kentucky CU.
3/22/06 - 5.20% 7-Month CD at a Kentucky CU
3/5/06 - 5.10% 7-Month CD at a Kentucky CU
11/15/05 - 7-Month 5.25% CD in Kentucky CU
Does Not Offer ACH
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.
No Beneficiaries
The biggest drawback here is that they do not provide for designating a Beneficiary on your IRA! That would be one type of account where it is most important. Not possible on the basic Savings either. They require a copy of your Social Security card to join - first time I had to use the actual card in my life! Their accounts are OK but for all of them you can do better elsewhere. No advantage to open an account here.
Identity Protection Offered By Credit Union
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.
GREAT MEMBER SERVICE!!
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7000 |
| Year Chartered | 1950 |
| Employees | 270 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.25% |
| Return on Equity - YTD | 8.26% |
| Annual Interest Income | $48.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.65B$1.53B |
| Loans | Q3 2019vs Q3 2018 | $1.21B$1.15B |
| Deposits | Q3 2019vs Q3 2018 | $1.39B$1.28B |
| Equity Capital | Q3 2019vs Q3 2018 | $249.0MM$233.4MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $26.8MM$25.5MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $11.7MM$12.7MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $30.00K$134.00K |
