Kentucky's Local Credit
Unions DELIVER BIG for 
Our State's Economy

How Kentucky Credit Unions Help Move Kentucky Forward


Credit unions are not-for-profit financial cooperatives owned by and operated for the benefit of members they serve.  Credit unions provide resources to their members and families to help them obtain financial well-being. This includes improving financial education, food security, housing security, and more. Learn how Kentucky credit unions are working to achieve this mission from Kentucky Credit Union League President Debbie Painter.



Have Kentucky credit unions had a positive impact on your life or community? Join your fellow Kentuckians and share your credit union story today!

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Featured News

Kentucky Credit Union League Releases Video Thanking Financial First Responders - On Friday, April 24th, the Kentucky Credit Union League released a “Thank You” video aimed at credit union employees, also referred to as Financial First Responders.
Commonwealth CU Intro’s Member Assistance Loan Program - Credit unions across the country continue to introduce various ways to help members during the coronavirus  pandemic.
Financial Wellness In Kentucky During The Coronavirus Crisis - Three anecdotes show how Abound Credit Union is turning purpose into action in the Bluegrass State.
Credit unions keep western Kentucky strong. Kentucky is home to more than five dozen credit unions that boast almost 900,000 members. That's equivalent to one in every five state residents.
Credit Unions in Kentucky want to improve financial literacy - Kentucky’s credit unions are working to close this knowledge gap —and allow Kentuckians to keep more of their hard-earned dollars.
Small businesses and Kentucky’s economy depend on credit unions - Credit unions can offer these low rates because they’re not-for-profit and owned by their members. They re-invest their earnings in their members. They do well when their members do well.

Kentucky’s credit unions are local, community-based financial institutions which play a vital role in our state’s economy.

Credit unions are not-for-profit and were created to serve members throughout Kentucky. That’s good news for our state’s economy as earnings are returned to members through services like free ATMs, better loan rates, and lower fees. Ultimately, that means more money stays right here in Kentucky to help move our economy forward.

About KYCUL  Legislation

Moving Our

Through Jobs

Credit unions employ nearly 2,300 people in Kentucky. Employees of credit unions help stimulate the local economy, pay state and local taxes, and contribute to the overall well-being of the state’s economy.

By Keeping More Money Right Here at Home

Kentucky’s not-for-profit, member-owned credit unions delivered $101 million in direct financial benefits to consumers in 2019. Not surprisingly, in 2019, memberships in the state’s credit unions increased by over 4 times the rate of Kentucky's population growth. More people are choosing credit unions every day.

By Putting More Money Into Tax Coffers

Kentucky credit unions and their members make substantial contributions to tax revenues. In the most recent tax year, Kentucky credit unions generated over $106 million in tax revenue through their economic activities such as contracting employees, purchasing, and credit union employees spending in the local economy.

On the local level, over $38 million was generated through their economic activity— all of which helps fund schools, roads, and other vital parts of our state’s economy and infrastructure.

Through Education and Financial Literacy

Kentucky credit unions are working with the State Treasurer to fund an educational course for high schools to teach students about money, personal financial management, and other aspects of finances.

Kentucky Credit Unions –
Moving Our Economy Forward, One Member at a Time




Number of Credit
Unions in KY



Number of



Benefits delivered by
Kentucky Credit Unions
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Total Benefits Delivered by
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Moving KY

Designing special programs
to help you when
you need it most.

ClassAct FCU

“We have a Short Term, Small Dollar Loan product that serves as a payday lender alternative called our Smart Choice Loan. Our product is designed to help members who need a small dollar loan for emergency situations, ideally until they receive their next regularly scheduled income check. Our goal is to educate members on wise financial management and budgeting so that the need for such emergency loans diminishes over time. Our maximum amount is $550.00 for a period of 30 to 90 days, and we allow no more than 3 Smart Choice Loans in any rolling six month period. We do require the individual to take a financial education session upon the third request.”

“We have two high school branch offices located in Louisville at Southern High School and Doss High School. These are fully operational credit union branches ran by high school students. We host a summer intern program every year for 25 students entering the Class Act Academy of Business & Finance. New this year, we have added a High School Coordinator (a paid CU employee) at each location to oversee financial education and marketing students assigned to the program.”

Commonwealth CU

“We work with a local church to provide payday lending alternatives. The purpose of the loan is to get people out of the payday lending cycle. We will loan up to $1000 to a person (member) at a rate that is just 2% above our lowest share rate. They agree to make monthly payments and are counseled on finances. The church backs the loan and will pay the loan off from their benevolent fund if the member stops paying. We are planning to open this program up to other churches in Frankfort, Georgetown, and Louisville.”

Hear from your local Kentucky Credit Union CEO

Click a video below to hear from a Credit Union leader about how they work for you.

Kentucky's Local Credit Unions


For Our State's Economy

Kentucky Credit Union League