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In January of 1937, a group of Agriculture College
Employees from the University of Kentucky
decided to form a credit union that would
provide themselves and their co-workers with a
better place to save and borrow money. Through
their efforts, the University of Kentucky Federal
Credit Union was founded.
Many things have changed over the years,
but the one constant that has remained is our
commitment to the credit union philosophy of “people helping people.”
We think you will appreciate the value and
benefits of UK Federal Credit Union.
Why use a credit union? You might say low
rates on loans and low fees for services, and
you’re right. True, these features do make
credit unions unique. However, the most
important difference is: YOU own your
credit union!
UK Federal Credit Union is a not-for profit
financial cooperative. Our sole purpose is to
serve the financial needs of our members
by offering our members quality service and
products while maintaining a financially strong
institution. Instead of planning for stockholder
profits, credit unions focus on serving their
Membership:
You’re a Member,
Not a Customer!
Other financial institutions can’t come
close to matching that philosophy because
they’re profit-driven businesses.
Being part of member-driven financial institution,
you reap the benefits in lower rates when you
borrow and higher rates when you save at your
credit union. The extra money isn’t given to a
few stock-holders, it’s returned to members like
you in the form of better rates and services.
Attend your annual meeting and elect your
board of directors. Participation in your credit
union gives you a voice in your financial
future and signifies your ownership. Those are
two things you won’t find at other financial
institutions, and two more reasons why you’re
a member, not a customer.
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