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The Health & Education Credit Union

Overview
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The Health & Education Credit Union is a federal credit union based in Lexington, Kentucky. It has been opened since 1956, for 64 years.

With around $86,080,000 in assets, The Health & Education Credit Union is considered to be a large credit union. It has 2 branches and 1 ATM locations.

About
Address 424 Park Pl
Lexington, Kentucky 40511
Website http://www.thefcu.com
Phone (859) 231-8262
Fax (859) 254-3253
CEO Pam R. Henson
President of the Board David Riel
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
16,978 members
Membership type: Multiple common bond – primary health care
Above average number of members
828:1
Credit union member to staff ratio
828 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$86,076,385
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
The Health & Education Credit Union Branch Locations

the Health & Education Credit Union: Pasadena Branch
185 Pasadena Drive Suite 155
Lexington, Kentucky 40503
ATM Available
Members
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16,978 members
Membership type: Multiple common bond – primary health care
Above average number of members

With 16,978 members, the The Health & Education Credit Union is considered to be a large credit union. It is larger than 79% of credit unions.

Fees
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$14
Average fee per member
The average fee per member at the The Health & Education Credit Union is $14, which is low compared to most credit unions. This rate is lower than 78% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the The Health & Education Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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828:1
Credit union member to staff ratio
828 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
20 staff members
FTE (full-time equivalent)
36% of employees are part-time
16 full-time, 9 part-time

The Health & Education Credit Union has 16 full-time staff members and 9 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 64% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. The Health & Education Credit Union has around 828 members per staff, a high ratio compared to other credit unions.

Assets
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$86,076,385
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
12.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$6,539
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 81% of credit unions.

The Health & Education Credit Union holds a total of $32,910,000 in loans and leases, which is about $6,539 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. The Health & Education Credit Union pays 0.10%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.25%
New car loan rate
Compared to 4.0% nationally
3.25%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.12%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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