Kentucky

REGULATING AGENCY: Kentucky Department of Financial Institutions; Depository Division

Kentucky State Capitol

ACCREDITED: 1992

LEAGUE: Kentucky Credit Union League

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 59

  • TOTAL # SCUs: 19
  • TOTAL # FCUs: 40
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 32%

Total Assets: $12,854,258,768

  • TOTAL $ SCU ASSETS: $4,539,923,012
  • TOTAL $ FCU ASSETS: $8,314,335,756
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 35%

Total Members: 923,465

  • TOTAL Members SCUs: 359,018
  • TOTAL Members FCUs: 564,447
  • SCU % OF TOTAL (SCUS/STATE TOAL): 39%

FUN FACT: Thunder Over Louisville is the world’s largest fireworks display and is the opening ceremony for the Kentucky Derby Festival (the oldest continuously held horse race in the United States).


RECENT NEWS

Kentucky Department of Financial Institutions Reaccredited
Department recognized for oversight of banks, credit unions, mortgages and money services businesses

November 16, 2021 – The Department of Financial Institutions (DFI) announced today that it has been reaccredited as the state regulator of banks, credit unions and mortgages. In addition, the department is now the fifth state to achieve an accreditation for money services businesses.

“The Kentucky Department of Financial Institutions’ mission is to protect Kentucky residents as they obtain important services from the financial services industry,” said DFI Commissioner Charles A. Vice. “The accreditation process reviews, tests and verifies that the department is operating in an effective and efficient manner to achieve its stated mission. As commissioner, I am proud of the department maintaining high operational standards.”

The accreditation process involved an in-depth review of the department’s policies, procedures and operations to determine if they meet the standards set forth by the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS).

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