Fort Knox Federal ranked among the top credit unions in net worth

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NCUS provides peer review

By The Staff

The National Credit Union Administration has ranked Fort Knox Federal Credit Union in the highest percentiles for net worth, investment yield and return on assets among the 4,759 federal credit unions nationwide. 

For the third quarter ending Sept. 30, Fort Knox Federal reported quarterly net income of $4.0 million and a year-to-date net income was $11.2 million placing it in the top four percent of all credit unions. 

In the recent peer review release by NCUA, Fort Knox Federal was in the 90th percentile of net worth; 91st percentile for investments yield; and, 96th percentile for ROA.

Also, Fort Knox Federal continues to receive BauerFinancial, Inc.’s highest 5-Star Superior rating for financial strength and stability.

A branch of the credit union is under construction in Hodgenville.

BauerFinancial is the nation’s leading independent bank and credit union rating and research firm and has been reporting on and analyzing financial institutions’ performance since 1983.