When the 10 founding members pooled $1,000 in initial capital to start Fort Knox Federal Credit Union back in 1950, little did they know that one day their Credit Union would grow to have more than $1 billion in assets.
"We've achieved not only asset growth but very strong returns on those assets,” said Bill Rissell, president and CEO. “Today, Fort Knox Federal is stronger than ever, financially, as well as now the largest Kentucky-based credit union. This benefits our members by providing them a completely safe and secure place to grow their savings and a stable lender to provide for all their borrowing needs."
Return on assets has placed Fort Knox Federal in the top 10 percent of all credit unions for the last 14 years," Rissel added. For the year ending Dec. 31, 2010, Fort Knox Federal's return on assets was 1.51 percent.
The Credit Union operates 14 branches throughout central Kentucky including in Hodgenville. The branch, located off Lincoln Parkway across from Hodgenville Elementary School, just celebrated its first year.
Fort Knox Federal has also earned BauerFinancial's 5-Star Superior rating for 26 consecutive years as one of the most financially sound in the nation.