Expree Credit Union is headquartered in Frankfort and is the 18th largest credit union in the state of Kentucky. It is also the 1,811th largest credit union in the nation. It was established in 1938 and as of September of 2019, it had grown to 26 employees and 10,285 members at 2 locations. Expree Credit Union's money market rates are 2X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Expree Credit Union is open to: (1) anyone who lives, works, or worships in Anderson, Bourbon, Boyle, Bullitt, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Henry, Jefferson, Jessamine, Lincoln, Madison, Mercer, Nicholas, Oldham, Powell, Scott, Shelby, Spencer, Trimble and Woodford counties; (2) employees of Adecco Staffing Services, Appalachian College Association, ArvinMeritor, Beam Suntory, Capital Day School, Florida Tile, Frankfort Regional Medical, Good Shepherd School, Montaplast of North America, Open Bible Church, TOPY Corporation, Washington Penn Plastic; (3) students or employees of an affiliate College; (4) employees of the Public Sector; (5) family of any qualifying member. (Complete requirements are posted in the credit union's online application)
See current membership details
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Treated Like a Human Being - Great Service
I was fed up with large banks and I decided to try a credit union. I was able to join the state's employee credit union due to me being a state worker. Moving my account was absolutely painless and the clerk walked me through everything I needed to do to ensure my account wouldn't just automatically re-open; this had been a problem when switching from Bank of America to Chase. The interest rates were much better than traditional banks as well. I'm getting 25% better return on my investments (CDs) from the credit union, as well as, getting much better interest on my savings account; although it's not like it used to be in the 90's (4%!). I was interested in opening up an IRA at the bequest of my wife and when speaking with their investment specialist really help. She walked me through my options and made sure I knew the pros and cons of each. She also made it easy to directly deduct from my account so I didn't have to worry about adding money to it on my own. It has been an eye opening experience and one I wish I made earlier on in my life. I had grown to hate banking and banks in general, but the KECU restored my faith in banking.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62431 |
| Year Chartered | 1938 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $3.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $82.2MM$78.0MM |
| Loans | Q3 2019vs Q3 2018 | $58.8MM$54.1MM |
| Deposits | Q3 2019vs Q3 2018 | $71.2MM$66.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $8.4MM$8.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $374.00K$451.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $658.00K$712.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |