Park Community Credit Union is headquartered in Louisville and is the 5th largest credit union in the state of Kentucky. It is also the 347th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 280 employees and 78,046 members at 17 locations. Park Community Credit Union's money market rates are 3X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership is Park Community Credit Union is open to those who live, work, attend school or worship in the Kentucky counties of Anderson, Bourbon, Boyle, Bullitt, Casey, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Henry, Jackson, Jefferson, Jessamine, Laurel, Lee, Lincoln, Madison, Menifee, Mercer, Montgomery, Nicholas, Oldham, Owsley, Powell, Pulaski, Rockcastle, Scott, Shelby, Spencer, Trimble, Wolfe, or Woodford, or in Clark or Floyd Counties in Indiana.
See current membership details
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Friendly and efficient
Park Community credit union has always been a great addition to my banking portfolio. While there may not be multiple locations for convenience like many other banks, their personal and friendly clerks make it worth the extra mile. They are insanely personable and unlike other banks, you can actually talk directly to them in person and not through a camera or a bullet proof glass sheet. Their savings account was super easy to set up. It only took a few minutes, and had an extremely low initial opening deposit amount. And there are no ridiculous minimum balance fees! Online banking, while basic in most regards, is efficient and easy to navigate. The iPhone app seems secure and never crashes.
It has definitely been a good credit union to hold an account with. Highly recommend.
New Online Banking A Disaster!
We have been members of Park of over 25 years and have been through ups and downs but this last change to their online banking is a huge disaster! You can no longer download transactions to ANY accounting program and there are only PDF documents for statements! A nightmare for reconciling! Also because the sign in is linked to your social security number instead of each account number, EVERY account you are joint on, family members, business, etc. shows in your transactions list. Also on some of my account numbers only the savings will show and not the checking or checking and not savings. And forget the about editing any erroneous contact information. I have called twice about changing my phone number and now I have both my old number, (which is first in the list and presumably called first) and my new number put in multiple times. Apparently you can only add info not subtract! This is especially troublesome if you have a small business and want to keep your personal and business activities separated. I am afraid if Park does not initiate corrections immediately they are going to lose not only my entire family but many other members as well.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24931 |
| Year Chartered | 1955 |
| Employees | 280 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 2.35% |
| Annual Interest Income | $23.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.31B$1.19B |
| Loans | Q2 2023vs Q2 2022 | $935.3MM$770.5MM |
| Deposits | Q2 2023vs Q2 2022 | $1.16B$1.07B |
| Equity Capital | Q2 2023vs Q2 2022 | $61.3MM$72.6MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$5.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $7.8MM$4.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
