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Overview / Commentary
502-564-4775
417 High St
Frankfort, KY 40601

Commonwealth CU (KY) is headquartered in Frankfort and is the 2nd largest credit union in the state of Kentucky. It is also the 229th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 243 employees and 83,727 members. Commonwealth CU (KY) has a A health rating.

Field of Membership Restrictions

Commonwealth Credit Union serves people who participate in a Kentucky Retirement System. These include: Kentucky Employees Retirement System Kentucky Teachers Retirement System County Employee's Retirement System Kentucky State Police Retirement System Your families are eligible, too - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Commonwealth CU (KY) had $7.28 million in non-current loans and owned real-estate with $186.27 million in equity and loan loss allowances on hand to cover it. This gives Commonwealth CU (KY) a Texas Ratio of 3.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Commonwealth CU (KY) experienced no significant changes from 3.04% as of March 31, 2013 to 3.91% as of March 31, 2014, resulting in a negative change of 28.59%. This indicates that the balance sheet and financial strength for Commonwealth CU (KY) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Commonwealth CU (KY) has increased its total deposits by $12.06 million, resulting in 1.57% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Commonwealth CU (KY) has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Commonwealth CU (KY) has $973.39 million in assets with $186.27 million in equity, resulting in a capitalization level of 19.14%, which is excellent.

Institution Statistics

Overall
NCUA #61437
Year Chartered1951
Employees243
Primary Regulator
Assets and Liabilities
Assets$973.39 million
Loans$589.79 million
Deposits$781.97 million
Equity Capital$179.58 million
Loan Loss Allowance$6.70 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$815,000
Historic Data - March 2013
Assets$955.22 million
Equity Capital$178.07 million
Loan Loss Allowance$5.98 million
Unbacked Noncurrent Loans$6.47 million
Real Estate Owned$645,000
Profit Margin - Quarterly
Return on Assets0.68%
Return on Equity3.68%
Interest Income$9.55 million
Rates

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Commonwealth CU (KY) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-High Yield Savings
0.20%--IRA Savings
0.20%--Roth IRA Savings
0.10%--Christmas Savings
0.10%--Vacation Club Account
0.10%--Ready Access Account

Commonwealth CU (KY) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Account

Commonwealth CU (KY) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--CommonWEALTH Checking Account
0.10%--Leap Checking

Commonwealth CU (KY) CD Rates

DetailsAPYMINMAXPRODUCT
1.45%$1k-60 Month and Up CD
1.00%$1k-48 to 59 Month CD
0.80%$1k-36 to 47 Month CD
0.55%$1k-24 to 35 Month CD
0.40%$1k-12 to 17 Month CD
0.40%$1k-18 to 23 Month CD
0.20%$250-12 Month Building Block Certificate
0.20%$1k-6 to 11 Month CD

Commonwealth CU (KY) IRA Rates

DetailsAPYMINMAXPRODUCT
1.45%$1k-60 Month and Up IRA
1.00%$1k-48 to 59 Month IRA
0.80%$1k-36 to 47 Month IRA
0.55%$1k-24 to 35 Month IRA
0.40%$1k-12 to 17 Month IRA
0.40%$1k-18 to 23 Month IRA
0.20%$1k-6 to 11 Month IRA
Locations


Commonwealth CU (KY) Locations
Branch Office101 Sower BlvdFrankfort, KY 40601
Branch Office280 Meijer WayLexington, KY 40503
Branch Office417 High StFrankfort, KY 40601
Branch Office1425 Louisville RdFrankfort, KY 40601
Branch Office1015 Crossroad DrLawrenceburg, KY 40342
Branch Office108 Lawson DrGeorgetown, KY 40324