Featured Savings Rates
Featured Accounts

Commonwealth Credit Union (KY)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.15%5-year CD60 Month CD
1.10%1-year CD12 Month CD
0.15%SavingsRegular Savings Account

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

Commonwealth Credit Union (KY) is headquartered in Frankfort and is the 2nd largest credit union in the state of Kentucky. It is also the 248th largest credit union in the nation. It was established in 1951 and as of September of 2017, it had grown to 279 employees and 92,866 members at 10 locations. Commonwealth Credit Union (KY)'s CD rates are 67% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Commonwealth Credit Union is open to those who live, work, volunteer, worship or attend school in Anderson, Bourbon, Boyle, Bullitt, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Henry, Jefferson, Jessamine, Lincoln, Madison, Mercer, Nicholas, Oldham, Powell, Scott, Shelby, Spencer, Trimble, or Woodford Counties in Kentucky.
See current membership details

Reviews (2)

Satisfied

Whether I go inside or through the drive thru, I am almost always satisfied with my bank. The employees are very friendly, and while they do engage in small talk, they still work efficiently and accurately. Whenever I have had a question (once concerning switching my joint account to a single account), they are prompt and helpful in their service. Their online banking works very well too, although I wish I could move money from account to account. However, I never think to ask them in person how this could be done; I'm sure they would be more than happy to help me with this. I like this credit union so much that when my daughter started making some money from a part time job, I encouraged her to open up an account here, too. They are also very community-minded, often hosting and sponsoring events to benefit members of the community. They are very competent, without being "stuffy" like many other banks.

good little credit union

Posted by: gogogo | Aug 29, 2014

For the short period of time that I have been with Commonwealth credit union I have felt more like a person that everyone knows when walking through the doors unlike going to a bank where you are just another individual. the Bank gives decent apr's at least better than a bank which I consider to be terrible nowadays compared to what they used to be about 10 years ago. Commonwealth is very helpful with autoloans and has reasonable fees.



Health

Health Grade Components

Overall
NCUA #61437
Year Chartered1951
Employees279
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD7.06%
Annual Interest Income$35.6MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.15B$1.11B
LoansQ3 2017vs Q3 2016$823.5MM$788.9MM
DepositsQ3 2017vs Q3 2016$947.6MM$883.0MM
Equity CapitalQ3 2017vs Q3 2016$149.7MM$171.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$7.7MM$6.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$7.2MM$6.4MM
Real Estate OwnedQ3 2017vs Q3 2016$251.00K$346.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Commonwealth Credit Union (KY) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%--Round Up Savings
0.20%--IRA Savings
0.15%--Christmas Savings
0.15%--Vacation Club Account
0.15%--Regular Savings Account

Commonwealth Credit Union (KY) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$100k*-Money Market Account
OTHER TIERS: 0.40% $2,500 - $10k | 0.50% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $100k

Commonwealth Credit Union (KY) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--CommonWEALTH Checking Account

Commonwealth Credit Union (KY) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1k-60 Month Share the Love CD
2.15%$1k-60 Month CD
2.00%$250-Grow with Me Certificate
2.00%$1k-36 Month Share the Love CD
1.85%$1k-48 Month CD
1.60%$1k-36 Month CD
1.50%$1k-12 Month Share the Love CD
1.35%$1k-24 Month CD
1.25%$1k-18 Month CD
1.10%$1k-12 Month CD
0.60%$1k-6 Month CD

Commonwealth Credit Union (KY) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$1k-60 Month IRA
1.85%$1k-48 Month IRA
1.60%$1k-36 Month IRA
1.35%$1k-24 Month IRA
1.25%$1k-18 Month IRA
1.10%$1k-12 Month IRA
0.60%$1k-6 Month IRA
Locations


Cities: Frankfort, Georgetown, Lawrenceburg, Lexington, Louisville, Shelbyville

Frankfort Branches
Branch Office101 Sower BlvdFrankfort, KY 40601
Branch Office417 High StFrankfort, KY 40601
Branch Office1425 Louisville RdFrankfort, KY 40601

Georgetown Branches
Branch Office108 Lawson DrGeorgetown, KY 40324

Lawrenceburg Branches
Branch Office1015 Crossroad DrLawrenceburg, KY 40342

Lexington Branches
Branch Office280 Meijer WayLexington, KY 40503
Branch Office2540 Sir Barton WayLexington, KY 40509

Louisville Branches
Branch Office3704 Frankfort AveLouisville, KY 40207
Branch Office2126 S Floyd StLouisville, KY 40208

Shelbyville Branches
Branch Office600 Boone Station RdShelbyville, KY 40065