Credit unions in Kentucky

Credit union: There are 63 credit unions that are headquartered in the state of Kentucky. Those credit unions operate over 200 branches for their members. These cooperatives have slightly over 906,000 members. The largest credit union in terms of assets is Fort Knox Credit Union, with 1.65 billion in assets. The largest credit union in terms of members is Commonwealth Credit Union, with over 106,000 members. 

Like most states, Kentucky has cooperatives that are open for membership to those who are part of specific professions, such as state employees and teachers. There are several cooperatives explicitly created for the employees of particular companies or particular government entities. However, there are multiple community-based credit unions available to residents who live/work/worship in these communities. As Kentucky has lots of places that are still quite rural, credit unions in those areas serve those who are neglected by the more traditional banks. 

Car insurance: Car insurance in Kentucky is quite expensive. Drivers in Kentucky pay more than 40% above the national average. When premiums are that high, you should always be on the lookout for a deal. Check with your credit union to see what options they can offer you. It is possible they may have discounts or partnerships that can help decrease your rates.

Drivers in Kentucky are required to have a car insurance policy. There are requirements that your policy must meet to be sufficient. You must have a policy that covers $25,000 in bodily injury, $10,000 in property damage liability, and $10,000 in personal injury protection. Unlike other states, Kentucky doesn’t make you have coverage pertaining to uninsured drivers, but that is always a good idea.

While it does not appear that the credit unions in Kentucky underwrite their own car insurance policies, several have established partnerships with well-known national companies to help their members find the best rates.