Kue Federal Credit Union

What Kue Federal Credit Union does

KUE Federal Credit Union is a not-for-profit, member-owned financial cooperative founded in 1976 by twelve Kentucky Utilities employees and headquartered in a single branch at One Quality Street, Suite 100, Lexington, Kentucky. Its field of membership is restricted to current and retired employees of LG&E, Kentucky Utilities, ODP-PPL Companies, Davis H. Elliot Company, and Groves Electrical Services, together with their immediate family members. The credit union offers a full consumer banking suite spanning four checking products (Kasasa Cash, Kasasa Cash Back, Regular, and Youth), seven savings products (Share Savings, Kasasa Saver, Youth Savings, Christmas Club, Loan Savings, Share Certificates, and IRAs), and a complete lending book covering auto loans, signature/unsecured loans, home mortgages, home equity loans and lines of credit, Visa credit cards, and seasonal holiday personal loans.

The operating stack is built on a Fiserv-powered digital banking platform that delivers online banking, a branded mobile app with Touch ID/Face ID/fingerprint authentication, CardValet debit card controls, remote deposit, bill pay, and eStatements, alongside integrations with Visa, Kasasa, Apple Pay, Samsung Pay, Google Pay, Garmin Pay, and Fitbit Pay. Back-office services are sourced from third-party partners: Corporate One FCU handles wire transfer processing, Alliance One and Allpoint provide fee-free nationwide ATM access, Credit Union Wealth Group delivers wealth management referrals, TruStage distributes insurance, and Sallie Mae services student loan originations. Deposits are federally insured by the NCUA up to $250,000 per account, the website is certified to WCAG 2.2 Level AA through AudioEye, and youth-facing products are COPPA compliant.

Revenue is generated primarily through net interest income on the loan portfolio, with non-interest income from service fees including excessive transaction fees ($5), stop payments ($10), returned checks ($30), cashier's checks ($5), wire transfers ($20 domestic/$35 international), dormant account fees ($12.50/quarter), debit card replacement ($10), and a $4.99 MessagePay transaction fee. As a not-for-profit cooperative, surplus earnings are not distributed as profit but recycled into higher member dividends and lower loan rates, with two named advisory partners (Evan Kulak and Michael McDermott) generating referral economics on the wealth management side. The credit union employs approximately six staff and operates without subsidiaries, a parent company, or external equity ownership.

Name

Kue Federal Credit Union

Legal name

KUE Federal Credit Union

Website

https://kuefcu.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

KUE Federal Credit Union is a not-for-profit, member-owned financial cooperative founded in 1976, serving employees and retirees of LG&E, Kentucky Utilities, ODP-PPL Companies, Davis H. Elliot, and Groves Electrical Services plus their immediate family members from a single Lexington, KY branch with Fiserv-powered digital banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130), Depository Credit Intermediation (5221)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

Keywords

• Retail banking services
• Consumer lending products
• Credit union membership
• Personal savings accounts
• Digital banking services

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest charged on auto loans, home mortgages, home equity loans/lines of credit, personal/signature loans, and credit cards. As a not-for-profit credit union, earnings from loans benefit members through higher dividends on savings and lower rates/fees.
2. Service Fees and Charges: Various fees including excessive transaction fees ($5), starter checks ($2.50), money orders, cashier's checks ($5), stop payments ($10), returned checks ($30), courtesy pay ($10), copies, debit card replacement ($10), wire transfers ($20 domestic/$35 international), dormant account fees ($12.50/quarter)
3. MessagePay Transaction Fee: $4.99 transaction fee for external account loan payments via MessagePay text/online service
4. Wealth Management Referral: Referral partnership with Credit Union Wealth Group for financial planning and investment services, providing wealth management options to members

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

KUE Federal Credit Union is a federally chartered, not-for-profit member-owned financial cooperative providing personal banking products and consumer lending to employees and retirees of LG&E, Kentucky Utilities, ODP-PPL Companies, Davis H. Elliot Company, and Groves Electrical Services, plus their immediate family members. Core offerings include interest-bearing checking and savings accounts, share certificates, IRAs, auto loans, signature loans, mortgages and home equity loans/LOCs, Visa credit cards, and a Fiserv-powered mobile and online banking platform.

Product overview

KUE Federal Credit Union is a not-for-profit financial cooperative offering a comprehensive suite of banking products and services primarily serving employees of LG&E, Kentucky Utilities, and related companies. The product portfolio includes four core checking account types (Kasasa Cash, Kasasa Cash Back, Regular Checking, and Youth Checking) paired with savings products (Share Savings, Kasasa Saver, Youth Savings, Christmas Club, and Loan Savings), Share Certificates and IRAs for longer-term savings, and a full range of lending products including Auto Loans, Unsecured Loans, Home Mortgages, Home Equity Loans/LOC, Visa Credit Cards, and Holiday Personal Loans. Digital banking is delivered through a branded Mobile Banking App and Online Banking platform with features including CardValet card controls, MessagePay text-based loan payments, and mobile wallet integrations (Apple Pay, Samsung Pay, Google Pay, Garmin Pay, Fitbit Pay). Wealth management services are provided through a partnership with Credit Union Wealth Group, and member access is extended through fee-free Alliance One and Allpoint ATM networks.

Differentiator

Problem solved

Functional benefit

Brands

• Kasasa Cash: Free checking account that pays high dividends - up to 4.00% APY on balances up to $10,000
• Kasasa Cash Back
• Kasasa Saver
• Loan Savings Account
• Credit Union Wealth Group
• MessagePay

Products and services

• Free Kasasa Cash Checking
• Free Kasasa Cash Back Checking
• Regular Checking
• Youth Checking
• Share Savings Account
• Kasasa Saver
• Youth Savings (Kids Club)
• Christmas Club Account
• Loan Savings Account
• Share Certificates
• Individual Retirement Accounts (IRAs)
• Auto Loans
• Unsecured or Signature Loans
• Home Mortgage Loans
• Home Equity Loans
• Home Equity Open-End Line of Credit (HELOC)
• Visa Credit Cards

Quantifiable outcome

• Auto loan rates as low as 4.00% APR for new vehicles (promotional)
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Credit Union Wealth GroupcoreChannel Partner/ Reseller/ DistributorWealth management and financial planning partnership providing investment services, retirement planning, trust and will creation, and professional investment management to KUE members. Advisors Evan Kulak and Michael McDermott serve KUE members with dedicated financial planning services.
• Fiserv, Inc.coreTechnology or IntegrationTechnology provider powering KUE's mobile banking app, online banking platform, and back-end account processing. Fiserv provides the core digital banking infrastructure enabling mobile deposits, account management, and digital services.
• Corporate One FCUcoreTechnology or IntegrationWire transfer intermediary enabling fund transfers to and from KUE Federal Credit Union. All wire transfers are processed through Corporate One FCU in Columbus, OH for guarantee of funds and same-day availability.
• Alliance One ATM NetworkcoreChannel Partner/ Reseller/ DistributorFee-free ATM network providing KUE members access to thousands of ATMs nationwide without withdrawal fees through Alliance One cooperative network.
• Allpoint NetworkcoreChannel Partner/ Reseller/ DistributorNationwide fee-free ATM network partnership providing KUE debit card holders access to Allpoint ATMs throughout the country at no charge.
• Kasasa (by Aurvera/Total System Services)coreTechnology or IntegrationBranded rewards checking and savings program provider powering Kasasa Cash, Kasasa Cash Back, and Kasasa Saver accounts with competitive APY rates and reward structures.
• VisacoreTechnology or IntegrationCredit and debit card network providing global acceptance for KUE Visa credit cards and debit cards, including contactless payments and rewards programs (UChoose Rewards).
• TruStage InsuranceminorChannel Partner/ Reseller/ DistributorInsurance products referral partnership providing members access to TruStage insurance products through credit union channel.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kentucky Telco Federal Credit Union: Kentucky-based employer-affiliated credit union historically serving telecom and utility employees in the Lexington/Louisville area. Operates a similar restricted-membership, member-owned model with branch presence, shared branching, and a comparable deposit/loan product set — making it the closest structural peer to KUE.
• Commonwealth Credit Union: Frankfort, Kentucky-headquartered credit union with statewide field-of-membership and broader SEG (Select Employee Group) charter. Comparable product set (checking, savings, lending, digital banking) and similar NCUA-insured cooperative model, though significantly larger in scale.
• L&N Federal Credit Union: Louisville, KY-based federal credit union with an employer/occupational membership focus (railroad heritage). Comparable restricted-field-of-membership model, member-owned structure, and full suite of consumer lending and deposit products targeting a defined employee community.
• Forcht Federal Credit Union: Kentucky-headquartered federally chartered credit union serving multiple SEGs across central and eastern Kentucky. Comparable member-owned structure, full consumer banking suite, multiple branches, and similar reliance on Fiserv-style digital infrastructure.
• Park Community Credit Union: Kentucky-based community credit union serving Lexington and surrounding counties with consumer deposit, lending, and digital banking products. Overlaps with KUE on the Lexington geography and the consumer banking product set, though with a broader community (rather than employer-restricted) charter.
• Frankfort Kentucky Federal Credit Union: Small federally chartered Kentucky credit union headquartered in Frankfort, KY. Comparable in scale (sub-$100M asset community FI), NCUA-insured, and offering a parallel consumer checking/savings/lending product set to local employer and community members.
• LG&E Federal Credit Union: Louisville, KY-based credit union serving Louisville Gas & Electric and Kentucky Utilities employees — the same sponsor employers that anchor KUE's field of membership. Closest overlap on eligible member base, employer relationships, and product offering.
• Kentucky Employees Credit Union: Kentucky-headquartered credit union focused on state employee and public-sector SEG memberships. Comparable employer-affiliated membership model, member-owned cooperative structure, and consumer banking product suite, though a different employer community than KUE.

Broad incumbents

• Navy Federal Credit Union: The largest credit union in the U.S., serving military and veteran members under an employer/occupational charter model similar in concept to KUE's. Not directly comparable in scale, but illustrates the upper bound of what an employer-chartered credit union can achieve and serves overlapping populations within Kentucky.
• Alliant Credit Union: Large U.S. digital-first credit union with broad eligibility across employer/affinity SEGs nationwide. Comparable member-owned, NCUA-insured cooperative structure and Kasasa-style rewards checking adoption, but operates at significantly larger scale with a digital-only distribution model.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kuefederalcreditunion
• Instagraminstagram.com/kuefcu
• Xx.com/kuefcu
• LinkedInlinkedin.com/company/kue-federal-credit-union

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kue Federal Credit Union