The Credit Union Branch regulates state-chartered credit unions operating in Kentucky under KRS 286.6
DFI is noted for excellence in its examination program through its accreditation by the National Association of State Credit Union Supervisors (NASCUS). The NASCUS accreditation program is a national program designed to create continuity and to strengthen state credit union governing agencies. NASCUS most recently reaccredited the agency in 2016, and previously in 2007, 2002, 1997 and 1992.
DFI has an examination agreement with the National Credit Union Administration (NCUA), which aims to reduce regulatory burden by facilitating a coordinated supervisory approach and examination process.
State-Chartered Credit Unions
New Credit Union Charters
If you are interested in forming a new state-chartered credit union in Kentucky, please contact Cristina Pack at (502) 487-1413 and Holly Ross at (502) 782-9067.
Existing Credit Unions
State-chartered credit unions that want to establish or relocate an office facility, expand or alter field of membership, amend bylaws, obtain a low-income designation, or execute a merger must contact the DFI in writing.
Out-of-state credit unions must be authorized to conduct business in Kentucky and should contact the DFI in writing.
KRS 286.6-225 describes the specific duties of members of the board of directors. NCUA’s Credit Union Learning Management Service offers videos, webinars and guides on credit union governance.
For links to state credit union laws and regulations, visit the Legal web page.
For More Information
Contact Cristina Pack at (502) 487-1413 and Holly Ross at (502) 782-9067 about the operation and supervision of state-regulated credit unions.
Contact Gary Stephens at 502-782-9046 for legal questions about the operation and regulation of state-regulated credit unions.
Visit the NCUA for more information.