Commonwealth Credit Union

P.O. Box 380
Bourbonnais, IL 609140380
(815) 937-7447
www.cwcu.coop

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Commonwealth Credit Union is headquartered in Bourbonnais and is the 59^th largest credit union in the state of Illinois. It is also the 1,947^th largest credit union in the nation. It was established in 1951 and as of September of 2011, it had grown to 26 employees and 9,790 members. Commonwealth Credit Union has a 5-star health rating.

Two Credit Unions Switch to Private Deposit Insurance - 2/6/2012

Two credit unions recently switched from federal deposit insurance to private deposit insurance. The private deposit insurance is provided by the American Share Insurance (ASI). The vast majority of c ...

10% 12-Month / 10% 120-Month CD at a Kentucky CU - $1K Max/Youth (Commonwealth). - 6/15/2008

Update 7/12/08: This special CD is no longer listed on the credit union's website.Commonwealth Credit Union is advertising a Happy Birthday special CD for children. You can deposit up to $1,000 in the CD under the name of a minor. The account pays 10%...

5.50% 15-Month CD at a Kentucky CU (Commonwealth) - 10/22/2007

Commonwealth Credit Union is offering a special 5.50% APY 15-month certificate. The minimum deposit is $1,000.Membership is open to those who participate in a Kentucy Retirement System. Also, families of members are eligible which includes uncles, aunts...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Commonwealth Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$5k	-	Checking Account

Commonwealth Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%	$10k	-	IRA Share Account
0.45%	$10k	-	Roth IRA Share Account
0.15%	$25	-	Savings Account

Commonwealth Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.45%	$75k	-	Money Market Account

Commonwealth Credit Union CD Rates

Apy	Min	Max	Product
1.21%	$1k	-	60 Month CD
0.90%	$1k	-	48 Month CD
0.80%	$1k	-	36 Month CD
0.55%	$1k	-	24 Month CD
0.55%	$1k	-	30 Month CD
0.45%	$1k	-	18 Month CD
0.40%	$1k	-	12 Month CD
0.30%	$1k	-	6 Month CD

Commonwealth Credit Union IRA Rates

Apy	Min	Max	Product
1.21%	$1k	-	60 Month IRA
1.21%	$1k	-	60 Month Roth IRA
0.90%	$1k	-	48 Month IRA
0.90%	$1k	-	48 Month Roth IRA
0.80%	$1k	-	36 Month IRA
0.80%	$1k	-	36 Month Roth IRA
0.55%	$1k	-	24 Month IRA
0.55%	$1k	-	24 Month Roth IRA
0.55%	$1k	-	30 Month IRA
0.55%	$1k	-	30 Month Roth IRA
0.45%	$1k	-	18 Month IRA
0.45%	$1k	-	18 Month Roth IRA
0.40%	$1k	-	12 Month IRA
0.40%	$1k	-	12 Month Roth IRA
0.30%	$1k	-	6 Month IRA
0.30%	$1k	-	6 Month Roth IRA

Rates updated: 5/24/2012

Data for Q3 2011

Institution Statistics

COMMONWEALTH
ASI #	60675
BankRate Report	View
Year Chartered	1951
Employees	26
Primary Regulator
Assets and Liabilities
Assets	$62.69 million
Loans	$42.15 million
Deposits	$55.42 million
Equity Capital	$6.81 million
Loan Loss Allowance	$289,000
Unbacked Noncurrent Loans	$409,000
Historic Data - September 2010
Assets	$61.04 million
Equity Capital	$6.61 million
Loan Loss Allowance	$257,000
Unbacked Noncurrent Loans	$411,000
Real Estate Owned	$47,000
Profit Margin - Quarterly
Net Interest Margin	3.09%
Return on Assets	0.1%
Return on Equity	0.88%
Interest Income	$1.69 million
Non-Interest Income	$571,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Commonwealth Credit Union had $409,000 in non-current loans and owned real-estate with $7.1 million in equity and loan loss allowances on hand to cover it. This gives Commonwealth Credit Union a Texas Ratio of 5.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Commonwealth Credit Union held steady from 6.67% as of September 30, 2010 to 5.76% as of September 30, 2011, resulting in a positive change of 13.60%.This indicates that the balance sheet and financial strength for Commonwealth Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Commonwealth Credit Union has increased its total deposits by $1.45 million, resulting in 2.69% 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 Credit Union has shown is above average.
Capitalization
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 Credit Union has $62.69 million in assets with $7.1 million in equity, resulting in a capitalization level of 11.32%, which is above average.