5.0
Bankrate Score

1) Abound Credit Union

Savings APY: 0.05% to 0.15%

CD APY: 3-month Certificate: 0.65%, 6-month Certificate: 0.90%, 12-month Certificate: 1.00%, 18-month Certificate: 1.35%, 24-month Certificate: 1.65%, 36-month Certificate:2.25%, 48-month Certificate: 2.50%, 59-month Certificate:2.75%

Monthly Fees: $5

How many branches are in the State? Abound Credit Union has 18 branches in Kentucky.

Featured Product Offerings: Abound Credit Union offers Personal loans, Business loans, personal accounts, business accounts, financial planning, loans, and more services and products.

Pros:

  • Mobile app banking
  • Anytime access option available
  • Promising APY rates on CD products

Cons

  • compromised customer service
  • Low interest on saving accounts

Abound Credit Union, formerly known as Fort Knox Federal Credit Union, has provided valuable banking solutions to help hardworking Kentucky families thrive for more than 70 years. Today, we’ve grown to become Kentucky’s largest credit union with 18 locations serving over 115,000 military and civilian members. The Credit Union has been recognized for its leadership in financial education at the state and national level, winning the Kentucky Governor’s Service Award and the Credit Union National Association Award for Youth Financial Literacy.

To join, go to AboundCU.com. Credit Union Membership requires a $10, one-time fee and a minimum $5 balance in the share savings account.

Membership in Abound Credit Union is open all individuals who join either the USA Cares Association or the ECTC Military Education Association ($10 membership fee for either). Individuals who live, work, or worship in the Kentucky counties of Boyle, Breckenridge, Grayson, Hart, Larue, Meade, Nelson, or Taylor also qualify for membership, as do immediate family members of current Abound Credit Union members and/or employees.

5.0
Bankrate Score

2) Commonwealth Credit Union

Savings APY: 0.15%

CD APY: 6-month Certificate: 2.00%, 12-month Certificate: 2.25%, 18-month Certificate: 2.35%, 24-month Certificate: 2.45%, 36-month Certificate:2.80%, 48-month Certificate: 2.85%, 60-month Certificate:3.05%

Monthly Fees: $5

How many branches are in the State? Commonwealth Credit Union has 18 branches in Kentucky.

Featured Product Offerings: Commonwealth Credit Union offers personal, business, and campus banking solutions including savings accounts, checking accounts, loans, auto loans, certificates of deposits, mortgages, line of credit, and much more.

Pros:

  • High-yield certificate of deposit options
  • Full range of investment options
  • Low minimum balance requirement

Cons

  • Low interest on savings account
  • Interest is compounded quarterly

The credit union’s doors opened on April 2, 1951, with 122 shareholders, $2,700 in assets and a single volunteer. By 1976, six people were employed and membership had grown to almost 6,000. Since 1976, Commonwealth Credit Union’s assets have grown from $2.8 million to more than $1 billion.

Commonwealth Credit Union is a state chartered credit union headquartered in Frankfort, Kentucky. Commonwealth is regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. Commonwealth is the second-largest credit union in Kentucky and had $1.27 billion in assets, 103,513 members, and 15 branches as of 2019.

Commonwealth’s field of membership extends to anyone residing or working in their 24-county service region. Member deposits are insured up to $250,000 through the National Credit Union Share Insurance Fund, credit unions’ equivalent to the Federal Deposit Insurance Corporation (FDIC).

History

Commonwealth Credit Union was founded on April 2, 1951, with $2,700 in assets and 122 members. By 1976, membership had grown to nearly 6,000 and its assets to $2.8 million to more than $1 billion.. Commonwealth absorbed the Kentucky Teachers and Associated Employees Credit Union in 1983.

Commonwealth hosts an annual charity run that benefits charities in Kentuckyas well as an annual “Stuff the Bus” campaign to provide local schools with school supplies.In November 2015, Commonwealth became the preferred credit union partner for the University of Louisville. In 2017, Commonwealth became the official credit union of Rupp Arena.

5.0
Bankrate Score

3) L&N Federal Credit Union

Savings APY: 0.05% to 0.20%

CD APY: 18 month CD: 2.00%, 1 year CD:2.50%, 2 year CD:2.50%, 3 year CD: 2.50%, 4 year CD: 2.50%, 5 year CD: 2.75%

Monthly Fees: $0

How many branches are in the State? L&N Federal Credit Union has 22 branches in the state and the rest of the country.

Featured Product Offerings: L&N Federal Credit Union personal banking and business banking solutions including savings accounts, checking accounts, certificates of deposits, IRAs, Money Market accounts, business loans, personal loans, auto loans, mortgages, business financing services, and credit cards.

Pros:

  • High-interest rates on CD products
  • No monthly maintenance fee
  • Low-interest rates on loans

Cons

  • Slow internet banking
  • Member-only banking facility

L&N Federal Credit Union is a cooperative, not-for-profit financial institution owned and operated by its members exclusively to meet their financial needs.

L&N Federal Credit Union is open to everyone in the Louisville Metropolitan Area, as well as to people in portions of Southeastern and Northern Kentucky.

Established in 1954, the credit union was founded to serve the L&N Railroad workers in Louisville, Kentucky. In 1982, the credit union converted to a Multi-Group Charter and went on to serve various businesses throughout Kentucky, Southern Indiana, and Tennessee. In 2004, the credit union changed to a Community Charter.

With assets over $1.9 billion dollars and an array of products and services, L&N can offer everything necessary for someone’s personal or business finances. Over 109,000 people have taken advantage of flexible mortgage and consumer loans, free internet/mobile banking, free checking, business accounts and more.

5.0
Bankrate Score

4) University of Kentucky Federal Credit Union

Savings APY: 0.10%

CD APY: 0.25% to 2.25%

Monthly Fees: $0

How many branches are in the State? University of Kentucky Federal Credit Union 6 branches in Kentucky.

Featured Product Offerings: University of Kentucky Federal Credit Union offers personal, business, and campus banking solutions including savings accounts, checking accounts, loans, auto loans, certificates of deposits, IRAs, Money markets, mortgages, line of credit, and more.

Pros:

  • High-yield CD options
  • Reliable customer service
  • Wide range of banking products

Cons

  • Limited physical branches in the state.
  • Low interest on savings account

University of Kentucky Federal Credit Union is a member owned financial cooperative, chartered in 1937 to effectively provide member based quality financial services.

In January of 1937, a group of Agriculture College Employees from the University of Kentucky developed this idea. Together, they formed the University of Kentucky Federal Credit Union to provide themselves and their co-workers with a better place to save and borrow money.

5.0
Bankrate Score

5) Park Community Credit Union

Savings APY: 0.15%

CD APY: 1.25% to 2.35%

Monthly Fees: $2

How many branches are in the State? Park Community Credit Union has 16 branches in Kentucky.

Featured Product Offerings: Park Community Credit Union offers a full range of products, including savings, checking accounts, auto loans, personal loans, share certificates, money market accounts, certificates of deposit, credit cards, and more.

Pros:

  • Great options for local businesses
  • High CD rates
  • Low minimum balance requirement

Cons

  • Member-only banking solutions
  • Compromised customer service

Park Community was established in 1965 to serve the employees of General Electric’s Appliance Park in Louisville, Kentucky, hence the name “Park” Federal Credit Union. Park continued to grow over the years, serving GE employees in other states and eventually expanding services to over 500 Select Employment Groups (SEGs).  In 2003, Park became a Community Chartered Credit Union, which opened the doors to anyone who lived, worked, worshiped, attended school, or volunteered in the nine-county Louisville Metro Area. With a new focus on serving the community, the word “Community” was added to our name, making us Park Community Federal Credit Union. In addition to the Louisville Metro Area, Park also offered membership to select counties and areas in Berea, Lexington, and Richmond in Kentucky.*

In 2014, after a vote in favor by the membership, Park Community Federal Credit Union converted to a state chartered credit union. The charter change also came with a subtle name change, removing the word federal. With the charter change, Park Community was able to expand its servicing area in the Bluegrass Region, which now includes: Anderson, Bourbon, Boyle, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Jackson, Jessamine, Lincoln, Madison, Mercer, Nicholas, Powell, Scott, and Woodford Counties in Kentucky.

5.0
Bankrate Score

6) Fortera Credit Union

Savings APY: 0.10%

CD APY: 6 Month: 0.20%, 12 Month: 2.25%, 18 Month: 2.50%, 24 Month: 2.75%, 36 Month: 2.80%, 48 Month: 2.85%, 60 Month: 2.85%

Monthly Fees: $0

How many branches are in the State? Fortera Credit Union has 7 branches in Kentucky.

Featured Product Offerings: Fortera Credit Union offers a full slate of banking solutions to consumers and businesses including savings accounts, checking accounts, certificates of deposit, loans, credit cards, borrowing, and other business services.

Pros:

  • Low-interest rates on loan products
  • Flexible terms on loans and CD products
  • Dependable customer service

Cons

  • No mobile app

Fortera Credit Union membership is available to anyone who lives, works, worships, or attends school in one of our service regions; by joining an affiliated partner; or if one of your immediate family members is a Fortera member. The service regions include Montgomery, Stewart, Chester, Decatur, Lewis, McNairy, and Perry counties in Tennessee or Christian, Trigg, Todd, McLean, and Webster counties in Kentucky. Residents of other counties in Tennessee, Kentucky, Alabama and Arkansas may also be eligible. As a not-for-profit financial cooperative, Fortera’s focus will always be on serving people, not shareholder profit.


Average CD Rates in Nevada

Sidebar CD Rates

1-YEAR CD 1.96%
2-YEAR CD 2.20%
6-MONTH CD 2.10%
5-YEAR CD 2.47%
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