The History of America's Credit Unions
The goal of Lake Chem Community Federal Credit Union is to offer affordable financial services that our members want and need at competitive rates while maintaining the credit union’s financial stability.
History
Lake Chem Federal Credit Union was founded to serve the employees of the B. F. Goodrich Chemical plant located in Calvert City, Kentucky and was federally chartered in June 1971.
August 18, 2005: Lake Chem Federal Credit Union was approved by NCUA to change their charter from a common bond charter to a community charter allowing them to offer services to the whole of Marshall County. At that time the Board of Directors changed the credit union’s name to Lake Chem Community Federal Credit Union.
May 2025: Lake Chem Federal Credit Union was approved by the NCUA to change its charter to serve all persons who live, work, worship, attend school, or conduct business with any legal entity in Western Kentucky. The counties Lake Chem now serves include Ballard, Caldwell, Calloway, Carlisle, Crittenden, Fulton, Graves, Hickman, Livingston, Lyon, Marshall, McCracken, and Trigg Counties, Kentucky.
