Credit Union plans to open branch in Hodgenville

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Construction will begin immediately on credit union's 13th location

By Linda Ireland

Sunny skies and a ton of food greeted those attending the groundbreaking ceremony Friday for Fort Knox Federal Credit Union’s Hodgenville location.


Several credit union employees and board members introduced themselves to LaRue County residents at the short program and reception.

J. Marvin Hawk, chairman of the board of directors, called the event a “new and wonderful chapter” for the credit union.

President and CEO Bill Rissel said construction will begin immediately at 299 Lincoln Drive across from Hodgenville Elementary School. The lot, purchased from Carl Howell Jr. and Sharon A. Howell, carried a price tag of $265,000.

Taylor County-based general contractor Blevins Construction Co. will manage the construction project.

The new branch is the 13th member service operation for the credit union. The 12th branch opened in Campbellsville in February. There are also offices at Fort Knox and in Hardin, Grayson, Meade and Nelson counties.

The credit union has been serving LaRue County residents since 1995 and select “employer groups” have been eligible for membership for several years, according to Michael Bateman, vice president of marketing.

“Anyone who lives, works or worships in LaRue County is eligible for membership,” Bateman said.

The credit union was organized under a federal charter for civilian employees working at Fort Knox in 1950. The $800 million organization now has about 68,000 members and is the second largest  credit union in Kentucky.

About 2,000 LaRue Countians are members of the not-for-profit, according to Carolyn Flanders Drake, executive vice president.

Drake, a life-long LaRue County resident, was moved to tears several times as she addressed the crowd.

She described how she “spent 30 years driving between LaRue County and Fort Knox” for her job. She said she is “pleased to bring the branch home to LaRue County.”

“There is no better place to live and raise a family than right here,” she said. “People here know each other, care about each other. I think that’s a perfect fit for Fort Knox Federal Credit Union.”

Drake said the new office should be complete by May.