Commonwealth Credit Union (KY)
Commonwealth Credit Union (KY) is headquartered in Frankfort and is the 2nd largest credit union in the state of Kentucky. It is also the 213th largest credit union in the nation. It was established in 1951 and as of March of 2024, it had grown to 352 employees and 125,214 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 the Kentucky counties of Anderson, Bourbon, Boyle, Bullitt, Clark, Estill, Fayette, Franklin, Garrard, Harrison, Henry, Jefferson, Jessamine, Lincoln, Madison, Mercer, Nicholas, Oldham, Owen, Powell, Scott, Shelby, Spencer, Trimble, or Woodford. Immediate family members of anyone eligible to join also qualify for membership.
See current membership details
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Kentucky Residents Only !!!
Don't waste time applying IF you are not a Kentucky resident- You will be denied. This should be noted on their web site. This is becoming very common among small CUs and small banks. They want to sell you something - debt servitude, otherwise they're not interested in your account.
Misleading
BEWARE!!!!
The rates shown are VERY misleading!!!
Better call to get explanation of rates and maximun amount before proceeding!!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61437 |
| Year Chartered | 1951 |
| Employees | 352 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.39% |
| Return on Equity - YTD | 24.31% |
| Annual Interest Income | $27.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $2.28B$2.09B |
| Loans | Q1 2024vs Q1 2023 | $1.67B$1.53B |
| Deposits | Q1 2024vs Q1 2023 | $1.96B$1.8B |
| Equity Capital | Q1 2024vs Q1 2023 | $221.3MM$188.7MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $21MM$18.6MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $7.1MM$4MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |
