Commonwealth Credit Union (KY)
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.25% | 5-year CD | 3.00% - Discover Bank 5 Year CD |
| 2.00% | 1-year CD | 2.65% - Discover Bank 12 Month CD |
| 0.15% | Savings | 2.20% - Barclays Online Savings Account |
Commonwealth Credit Union (KY) is headquartered in Frankfort and is the 2nd largest credit union in the state of Kentucky. It is also the 238th largest credit union in the nation. It was established in 1951 and as of December of 2018, it had grown to 295 employees and 103,513 members at 15 locations. Commonwealth Credit Union (KY)'s CD rates are 2X the national average, and it boasts 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
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61437 |
| Year Chartered | 1951 |
| Employees | 295 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 6.66% |
| Annual Interest Income | $52.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.27B$1.15B |
| Loans | Q4 2018vs Q4 2017 | $897.2MM$827.1MM |
| Deposits | Q4 2018vs Q4 2017 | $1.05B$944.6MM |
| Equity Capital | Q4 2018vs Q4 2017 | $166.5MM$152.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $8.5MM$8.1MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $6.7MM$7.5MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$172.00K |
Always verify rates and promotions with the bank or credit union. We are not Commonwealth Credit Union (KY); we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.90%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.60% → $2.5k - $10k | 0.70% → $10k - $25k | 0.80% → $25k - $50k | 0.85% → $50k - $100k | |||||
Commonwealth Credit Union (KY) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | CommonWEALTH Checking Account | |
| 0.10% | - | - | Business Commonwealth Account |
Commonwealth Credit Union (KY) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.25% | $1k | - | 60 Month CD | |
| 3.00% | $1k | - | 48 Month CD | |
| 3.00% | $250 | - | Grow with Me Certificate | |
| 2.75% | $1k | - | 36 Month CD | |
| 2.50% | $1k | - | 24 Month CD | |
| 2.25% | $1k | - | 18 Month CD | |
| 2.00% | $1k | - | 12 Month CD | |
| 1.40% | $1k | - | 6 Month CD |
Commonwealth Credit Union (KY) IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.25% | $1k | - | 60 Month IRA | |
| 3.00% | $1k | - | 48 Month IRA | |
| 2.75% | $1k | - | 36 Month IRA | |
| 2.50% | $1k | - | 24 Month IRA | |
| 2.25% | $1k | - | 18 Month IRA | |
| 2.00% | $1k | - | 12 Month IRA | |
| 1.40% | $1k | - | 6 Month IRA |
