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Kentucky Employees Credit Union

Popular Accounts at this Credit Union

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

Overview / Commentary
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 1,853rd largest credit union in the nation. It was established in 1938 and as of September of 2017, it had grown to 24 employees and 10,049 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.
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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.

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

NCUA #62431
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD3.55%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$77.3MM$75.8MM
LoansQ3 2017vs Q3 2016$52.7MM$53.1MM
DepositsQ3 2017vs Q3 2016$66.1MM$64.6MM
Equity CapitalQ3 2017vs Q3 2016$8.0MM$7.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$491.00K$524.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$419.00K$408.00K
Real Estate OwnedQ3 2017vs Q3 2016$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.

Kentucky Employees Credit Union Savings Account Rates

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

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

Kentucky Employees Credit Union CD Rates

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

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

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