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We're All In On Kentucky
Explore the full details of the Bluegrass Community Federal Credit Union and UK Credit Union merger below.
UK Federal Credit Union and Bluegrass Community Federal Credit Union
Announce Merger
(Lexington, KY & Ashland, KY) UK Credit Union and Bluegrass Community Federal Credit Union are pleased to announce their intention to merge, subject to regulatory approval and a vote of Bluegrass Community Federal Credit Union’s membership. This announcement comes after thoughtful consideration between both credit unions in terms of service, sustainability and growth. The Board of Directors of each credit union unanimously approved the merger. The combined organization will operate under the UK Credit Union leadership and name.
Most importantly, members at both organizations will not experience any immediate change, and the credit unions will continue to operate independently while the merger process goes through regulatory approval and a Bluegrass Community FCU member vote.
“I am personally excited to meet many of the members in Ashland, and learn more about how we can continue to serve their needs just as Bluegrass Community FCU has done for many years,” said Ryan Ross, President & CEO of UK Credit Union. “By combining these two great Credit Unions, we are providing extended geographic service to members in both Credit Unions, while also creating scalability allowing further investment in better products and services to help the collective members with their financial needs.”
From Matt Bell, CEO of Bluegrass Community Federal Credit Union, “I place our members first by ensuring they have a long-term partner in place that can provide access to first-class products, for consumer and business banking solutions – and UK Credit Union has a proven track record since 1937. The board and I have been discussing the future of the Credit Union for more than a year, and this partnership will accomplish our goal of creating growth and prosperity for members and employees.”
The merger of Bluegrass Community FCU ($12.7 million in assets, 1,800+ members) into UK Federal Credit Union ($1.80 billion in assets, 118,000 members) is expected to be completed in the fourth quarter of 2026, pending regulatory approval and a vote of Bluegrass Community FCU’s membership. Following the completion of the merger, UK Federal Credit Union will have $1.92 billion in assets, 10 branches serving over 119,000 members throughout Kentucky and beyond.
About UK Federal Credit Union (UK Credit Union): UK Credit Union has been proudly serving the University of Kentucky and Central Kentucky since 1937 and now has more than $1.80 billion in total assets and eight convenient branches in Central & Northern Kentucky. UK Credit Union is a full-service financial institution offering a wide range of products and services, including checking and savings accounts, mortgage, auto, and commercial loans, as well as investment services. For more information about how to join UK Federal Credit Union, visit www.ukcreditunion.org.
About Bluegrass Community Federal Credit Union: Bluegrass Community FCU was chartered on October 23, 1958. On August 23, 2004, they received a community charter providing the opportunity to offer membership to anyone who lives, works, or worships in Boyd County, Kentucky. The Credit Union has one location in Ashland, KY serving over 1,800 members. For more information about Bluegrass Community Federal Credit Union, visit https://www.bluegrasscreditunion.com/.
Your financial wellbeing is our top priority.
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I’ve been with UK Credit Union for twenty years! They always took care of all of my, and my family’s financial needs, with courtesy and professionalism. I would not change my bank for anything, we are like family!!! Thank you, UK Credit Union!!!
Angelica R. -
I love banking with the UK Credit Union! Employees are always friendly and have the information I need quickly. Stopped in last weekend for a certified check and I appreciated the care that went into the transaction. Can't say enough nice things about my banking experiences with them!
Leslie W. -
I have always been a fan of UK Credit Union, which is why I still bank there after 30 years. Their staff is friendly and well-trained; they try to do what you need or suggest ideas; they have enough branches that I can go to one without much extra driving; their loan rates are low; their mobile app is easy to use.
Ginny G. -
I came in when UK Credit Union was about to close, but they were still very kind and diligent! It was my first time ever opening a bank account so I really appreciated how quickly and smoothly everything went. I even got to learn a little bit about credit! Most of all, I was anxious about creating a bank account because I kept telling myself it means I’m growing up and there’s no going back. However, the staff at UK Credit Union were kind and VERY friendly and helpful in every way. All my worries were gone in seconds (not kidding)! So, thank you very much for making my presumed scary experience wonderful!
Debbie I.
Become a UK Credit Union member today.
When you meet our qualifications, opening a membership is easy and you can join online.
We're more than just Checking and Saving Accounts.
At UK Credit Union, we offer solutions for all of your financial needs, including:
Checking minus the fuss.
UK Credit Union checking accounts offer ease, value and convenience with no monthly fees or minimum balance requirements.
When your home's equity is idle...
...make it work with a UK Credit Union home equity loan or HELOC.
Saving for a brighter future.
Savings accounts unique as you are, with you wherever life's journey leads.
Get more smiles per mile...
...with an auto loan from UK Credit Union.
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