EIN 61-0671028

Commonwealth Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
410
City
Frankfort
Year formed
1951
Most recent tax filings
2023-12-01
Description
Commonwealth Credit Union improves the lives of its 113,227 members through its mission to better lives by serving with passion. The credit union's vision focuses on growth inspired by engagement, empowerment, and extraordinary service. Its loan portfolio exceeds $1.27 billion with 88,273 loan accounts for 81,092 members, who have access to a variety of loan products. Additionally, Commonwealth offers numerous miscellaneous financial services such as online and mobile banking, bill payment, remote and mobile deposit and other electronic services.
Total revenues
$122,362,301
2023
Total expenses
$111,540,681
2023
Total assets
$2,210,286,474
2023
Num. employees
410
2023

Program areas at Commonwealth Credit Union

Shares:the Credit Union has 307,083 share accounts aggregating over $1.9 billion. Commonwealth Credit Union has a myriad of savings options from which members can select from to grow their futures.
Miscellaneous financial services:commonwealth Credit Union offers a variety of services to its 123,669 members. These include online banking, mobile banking, bill payment, remote and mobile deposit and other electronic services.
Loans:commonwealth Credit Union's loan portfolio exceeds $1.63 billion. The Credit Union has 102,941 loan accounts. Commonwealth offers its members an array of loan products to meet their Credit needs.

Grants made by Commonwealth Credit Union

GranteeGrant descriptionAmount
Kentucky Financial Empowerment Foundation2023 Annual Kfec Pledge$57,125
American National Red Cross (ANRC)Disaster Blaster, Corporate Sponsorship$55,500
American Heart Association (AHA)Gala and Sponsorship$37,000
...and 8 more grants made

Personnel at Commonwealth Credit Union

NameTitleCompensation
Karen HarbinChief Executive Officer$716,243
Gloria ThomasChief Operations Officer$295,320
Stephen BellasChief Financial Officer$348,409
Patty SmithChief Brand and Advocacy Officer$237,130
Doug GrahamChief Innovation and Strategy Officer$290,421
...and 1 more key personnel

Financials for Commonwealth Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$107,156,811
Investment income and dividends$12,097,960
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,107,530
Total revenues$122,362,301

Form 990s for Commonwealth Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-04990View PDF
2022-122023-07-25990View PDF
2021-122022-08-12990View PDF
2021-122022-07-08990View PDF
2020-122021-08-24990View PDF
...and 12 more Form 990s

Organizations like Commonwealth Credit Union

OrganizationLocationRevenue
First Community Credit UnionCoquille, OR$62,808,074
St Anne's Credit UnionFall River, MA$36,103,812
Safe Credit UnionFolsom, CA$229,786,087
Metro Credit UnionChelsea, MA$114,336,853
Credit Union of TexasAllen, TX$136,553,125
Greater Nevada Credit UnionCarson City, NV$81,598,679
Community Financial Credit Union (CFCU)Plymouth, MI$68,299,039
Navigant Credit UnionSmithfield, RI$130,542,626
WESTconsin Credit UnionMenomonie, WI$106,439,696
Financial Partners Credit UnionDowney, CA$83,728,887
Data update history
October 22, 2024
Used new vendors
Identified 2 new vendors, including , and
February 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 8 new vendors, including , , , , , , , and
Nonprofit Types
Grantmaking organizationsCredit unions
Issues
No issues found
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
PO Box 978
Frankfort, KY 40602
County
Franklin County, KY
Website URL
ccuky.org/ 
Phone
(502) 564-4775
Facebook page
CommonwealthCreditUnion 
Twitter profile
@commonwealthcu 
IRS details
EIN
61-0671028
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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