Commonwealth Credit Union (KY) is headquartered in Frankfort and is the 2nd largest credit union in the state of Kentucky. It is also the 230th largest credit union in the nation. It was established in 1951 and as of September of 2021, it had grown to 311 employees and 112,724 members at 17 locations. Commonwealth Credit Union (KY) 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 in the Kentucky counties of 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.
See current membership details
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
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 Grade Components
| Overall | |
|---|---|
| NCUA # | 61437 |
| Year Chartered | 1951 |
| Employees | 311 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 8.13% |
| Annual Interest Income | $44.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $1.85B$1.60B |
| Loans | Q3 2021vs Q3 2020 | $1.20B$1.11B |
| Deposits | Q3 2021vs Q3 2020 | $1.60B$1.37B |
| Equity Capital | Q3 2021vs Q3 2020 | $208.2MM$197.5MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $11.1MM$9.6MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $2.5MM$3.4MM |
| Real Estate Owned | Q3 2021vs Q3 2020 | $73.00K$398.00K |
