As per their website,“On November 22, 1950, Fort Knox Federal Credit Union was organized under a Federal Charter for civilian employees. There were 10 charter members and the Credit Union was named Fort Knox Civilian Employees Federal Credit Union. The Charter was changed on July 29, 1960, to accept military personnel into the field of membership. The name was changed at the same time to the current name “Fort Knox Federal Credit Union.”
Fort Knox Federal Credit Union has seen tremendous growth over the years that has allowed us to expand into many neighboring communities. Our latest addition is the Hodgenville Branch, making 14 branch locations across Kentucky in Hardin, Grayson, Meade, Nelson, Boyle, LaRue, Taylor, and Jefferson counties. Currently, Fort Knox Federal Credit Union has over 76,000 members with over $1.05 billion in assets”.
Currently Fort Knox Federal CU is one of the largest credit unions in the State of Kentucky. They have a massive lending portfolio which includes loans on real estate holding as well as vehicles including cars, trucks, motorcycles, boats, RV’s and more.
Fort Knox Federal Credit Union like most lenders will have no choice but to repossess credit union owned assets from time to time. Fort Knox Federal has developed a very efficient method for remarketing any foreclosed or repossessed assets they may receive. On their website they have created a ‘for sale by credit union’ page featuring the current credit union repossessions they are showcasing. Buyers are able to download a simple bid form and make an offer on the current inventory. Fort Knox Credit Union has made a great effort to provide a lot of pictures and a detailed description of the repo’s.
For Kentucky car buyers interested in low priced credit union repo’s they are listed for sale on the-Fort Knox Federal Credit Union repo list.
Car buyers will find that the process for buying a repossession is very straightforward and simple. After you have submitted a bid you will be contacted by the credit union to let you know if it was accepted. At that point Fort Knox Credit Union can provide you with all of the paperwork necessary to complete the sale. Fort Knox may even offer special financing terms should you choose to apply for a loan on your purchase. Credit unions have years of experience in dealing with car and home sales so you can be certain you will be in good hands. If you would like a better look at the repo’s you can arrange to browse their inventory in person by setting up a time to visit their repo lot where they keep the credit union repossessed RV’s, cars, trucks, motorcycles, ATV’s, boats, and more.
Don’t be afraid to ask a lot of questions so that you are educated on what you are buying. Most repo’s are sold “as-is” so it might also be wise to have a local mechanic inspect anything you are thinking about purchasing. Fort Knox Federal Credit Union repo’s are an excellent option for bargain car buyers in Kentucky.