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Overview / Commentary
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 253rd largest credit union in the nation. It was established in 1951 and as of December of 2017, it had grown to 282 employees and 93,043 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.
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Reviews (2)


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 Grade Components

NCUA #61437
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD7.44%
Annual Interest Income$47.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$1.15B$1.13B
LoansQ4 2017vs Q4 2016$827.1MM$812.2MM
DepositsQ4 2017vs Q4 2016$944.6MM$891.1MM
Equity CapitalQ4 2017vs Q4 2016$152.1MM$160.1MM
Loan Loss AllowanceQ4 2017vs Q4 2016$8.1MM$7.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$7.5MM$7.8MM
Real Estate OwnedQ4 2017vs Q4 2016$172.00K$77.00K
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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

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

0.70%*$2,500*$10kMoney Market Account
OTHER TIERS: 0.40% $100k+ | 0.50% $50k - $100k | 0.60% $25k - $50k | 0.65% $10k - $25k

Commonwealth Credit Union (KY) Checking Account Rates

0.10%--CommonWEALTH Checking Account

Commonwealth Credit Union (KY) CD Rates

2.50%$1k-60 Month CD
2.25%$1k-48 Month CD
2.00%$1k-36 Month CD
2.00%$250-Grow with Me Certificate
1.85%$1k-24 Month CD
1.75%$1k-18 Month CD
1.50%$1k-12 Month CD
0.75%$1k-6 Month CD

Commonwealth Credit Union (KY) IRA Rates

2.50%$1k-60 Month IRA
2.25%$1k-48 Month IRA
2.00%$1k-36 Month IRA
1.85%$1k-24 Month IRA
1.75%$1k-18 Month IRA
1.50%$1k-12 Month IRA
0.75%$1k-6 Month IRA

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

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