Featured Savings Rates
Featured Accounts

Kentucky Employees Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.00%5-year CD60 Month Share Certificate
0.75%1-year CD12 Month Share Certificate
0.13%SavingsRegular Share Savings Account

Overview / Commentary
502-564-5597
100 Moore Dr
Frankfort, KY 40601-8295

Kentucky Employees Credit Union is headquartered in Frankfort and is the 17th largest credit union in the state of Kentucky. It is also the 1,870th largest credit union in the nation. It was established in 1938 and as of March of 2017, it had grown to 24 employees and 9,928 members at 2 locations. Kentucky Employees Credit Union has an A health rating.

Field of Membership Restrictions

Kentucky Employees Credit Union of Kentucky is open to the residents of the qualified counties that are listed on the credit union website, employees and the registered students at any of the credit union affiliated colleges and/or universities listed on the credit union website, Kentucky Regional Planning & Development Agency members located within any of the qualified locations that are listed on the credit union website, and the family members of these eligible people.
See current membership details

Reviews (1)

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.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Kentucky Employees Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #62431
Year Chartered1938
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.04%
Annual Interest Income$804.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$77.2MM$74.8MM
LoansQ1 2017vs Q1 2016$53.2MM$54.5MM
DepositsQ1 2017vs Q1 2016$66.0MM$61.5MM
Equity CapitalQ1 2017vs Q1 2016$7.9MM$7.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$565.00K$297.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$222.00K$268.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Kentucky Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.13%--Regular Share Savings Account
0.13%--IRA Savings Account
0.13%--Kids Club Account
0.13%--Holiday Club Account
0.13%--Vacation Club Account

Kentucky Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.28%*$25k*-Money Market Savings Account
OTHER TIERS: 0.18% $2,500 - $10k | 0.23% $10k - $25k

Kentucky Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month Share Certificate
1.60%$500-48 Month Share Certificate
1.40%$500-36 Month Share Certificate
1.15%$500-24 Month Share Certificate
0.85%$500-18 Month Share Certificate
0.75%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

Kentucky Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month IRA Certificate
1.60%$1k-48 Month IRA Certificate
1.40%$1k-36 Month IRA Certificate
1.15%$1k-24 Month IRA Certificate
0.85%$1k-18 Month IRA Certificate
0.75%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate
Locations


Kentucky Employees Credit Union Locations
Branch Office100 Moore DrFrankfort, KY 40601-8295
Branch Office100 Minuteman Pkwy Bldg 124B, Ste 2Frankfort, KY 40601