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Commonwealth Credit Union (KY)


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.ccuky.org
502-564-4775
417 High St
Frankfort, KY 40601

Commonwealth Credit Union (KY) is headquartered in Frankfort and is the largest credit union in the state of Kentucky. It is also the 194th largest credit union in the nation. It was established in 1951 and as of December of 2024, it had grown to 357 employees and 127,640 members at 17 locations. Commonwealth Credit Union (KY)'s money market rates are 6X 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 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

Reviews (2)

Kentucky Residents Only !!!

Posted by: |

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.

5

Misleading

Posted by: |

BEWARE!!!!
The rates shown are VERY misleading!!!
Better call to get explanation of rates and maximun amount before proceeding!!

4


Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #61437
Year Chartered1951
Employees357
Primary Regulator
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD12.1%
Annual Interest Income$121.7MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$2.48B$2.22B
LoansQ4 2024vs Q4 2023$1.8B$1.63B
DepositsQ4 2024vs Q4 2023$2.13B$1.9B
Equity CapitalQ4 2024vs Q4 2023$236.3MM$209.1MM
Loan Loss AllowanceQ4 2024vs Q4 2023$22.3MM$20.5MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$12.7MM$8.4MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/27/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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%$0-Round Up Savings
0.50%$0-Personal Goal Account
0.15%$0-Christmas Savings
0.15%$0-Vacation Club Account
0.15%$0-Regular Savings Account
0.15%$0-Minor Saving

Commonwealth Credit Union (KY) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$100k*-Money Market Account
OTHER TIERS: 1.80% → $2.5k - $10k | 1.95% → $10k - $25k | 2.10% → $25k - $50k | 2.25% → $50k - $100k
2.50%*$100k*-Business Money Market Account
OTHER TIERS: 1.80% → $2.5k - $10k | 1.95% → $10k - $25k | 2.10% → $25k - $50k | 2.25% → $50k - $100k

Commonwealth Credit Union (KY) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Power Checking w/ Qualifications Plus an Open Loan
OTHER TIERS: 2.30% → $0 - $10k | 2.45% → $10k - $25k | 2.60% → $25k - $50k | 2.75% → $50k - $100k
2.75%*$100k*-Power Checking w/ Qualifications Plus 20 Debit Card Transactions
OTHER TIERS: 2.05% → $0 - $10k | 2.20% → $10k - $25k | 2.35% → $25k - $50k | 2.50% → $50k - $100k
2.50%*$100k*-Power Checking w/ eStatements
OTHER TIERS: 1.80% → $0 - $10k | 1.95% → $10k - $25k | 2.10% → $25k - $50k | 2.25% → $50k - $100k
0.85%*$100k*-Power Checking
OTHER TIERS: 0.15% → $0 - $10k | 0.30% → $10k - $25k | 0.45% → $25k - $50k | 0.60% → $50k - $100k
0.10%$0-CommonWEALTH Checking Account
0.10%$5k-Business Commonwealth Account

Commonwealth Credit Union (KY) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$5-24 Month Wealth Development Certificate
5.00%$5-48 Month Wealth Development Certificate
4.40%$500-6 Month CD Special - New Money
4.40%$75k-6 Month Jumbo CD Special
4.30%$1k-6 Month CD
4.25%$75k-12 Month Jumbo CD Special
4.15%$1k-12 Month CD
3.75%$1k-60 Month CD
3.50%$1k-48 Month CD
3.40%$1k-18 Month CD
3.35%$1k-24 Month CD
3.35%$1k-36 Month CD

Commonwealth Credit Union (KY) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$500-6 Month IRA Special - New Money
4.40%$75k-6 Month Jumbo IRA Special
4.30%$1k-6 Month IRA
4.25%$75k-12 Month Jumbo IRA Special
4.15%$1k-12 Month IRA
3.75%$1k-60 Month IRA
3.50%$1k-48 Month IRA
3.40%$1k-18 Month IRA
3.35%$1k-24 Month IRA
3.35%$1k-36 Month IRA
0.20%$0-IRA Savings
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