Ashland Credit Union is headquartered in ASHLAND and is the 9th largest credit union in the state of Kentucky. It is also the 883rd largest credit union in the nation. It was established in 1942 and as of June of 2023, it had grown to 78 employees and 41,336 members at 4 locations. Ashland Credit Union's CD rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Ashland CU is open to those who live, work, worship, or attend school in the FIVCO Area Development District (Kentucky counties of Boyd, Carter, Elliott, Greenup, and Lawrence) or the Bluegrass Area Development District (Kentucky counties of Anderson, Bourbon, Boyle, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Jessamine, Lincoln, Madison, Mercer, Nicholas, Powell, Scott, and Woodford), as well as the Minnesota counties of Dakota, Hennepin, Ramsey, or Washington. Employees of more than 20 Employer Group companies are eligible for membership, as well as family members of current Ashland Credit Union members.
See current membership details
One Of The Best Banks In Ashland
I would like to say Ashland CU is one of hte best credit unions in the area. The mobile app is a little bit buggy but works great!
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61792 |
| Year Chartered | 1942 |
| Employees | 78 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 6.28% |
| Annual Interest Income | $8.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $369.5MM$346.8MM |
| Loans | Q2 2023vs Q2 2022 | $288.1MM$275.3MM |
| Deposits | Q2 2023vs Q2 2022 | $314.6MM$291.5MM |
| Equity Capital | Q2 2023vs Q2 2022 | $40.6MM$39.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.8MM$1.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |