Overview
What is Commonwealth Credit Union?
Commonwealth Credit Union is a not-for-profit financial institution based in Frankfort, Kentucky, with over 286,000 share accounts and assets exceeding $1.7 billion. This credit union offers a variety of savings options to help its members build a better financial future. The organization's mission is centered around engagement, empowerment, and exceptional service, aiming to enhance the lives of those it serves by providing a safe place to save and access to credit. With a vision of growth and a passion to serve, Commonwealth Credit Union strives to help its members achieve their dreams through financial health and success. The credit union employs a team of 405 individuals.
Official website here: www.ccuky.org
What do the Facebook reviews say about Commonwealth Credit Union?
82% of 494 reviewers on Facebook recommend Commonwealth Credit Union. Here is a summary of their reviews:
Many users express a strong sense of loyalty and satisfaction with the services provided, highlighting their positive long-term experiences since joining the institution. Customers appreciate not only the professionalism and helpfulness of the staff but also value the beneficial loan options available, such as those for homes and cars.
Overall, the sentiment towards this credit union is largely favorable, with individuals feeling comfortable and cared for in their financial dealings. This type of trust and commitment often leads to recommendations, showcasing Commonwealth Credit Union’s perceived dedication to their members.
This AI summary has been generated from reviews found on Facebook.
Is Commonwealth Credit Union legitimate?
Commonwealth Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Commonwealth Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,800,356
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,343,744
For more financial information, click here
Official website here: www.ccuky.org
What is the mission statement of Commonwealth Credit Union?
The Commonwealth Credit Union is dedicated to inspiring growth through engagement, empowerment, and exceptional service. Their mission is to enhance the lives of those they serve by helping them reach their financial goals. The credit union offers a safe environment for members to save and access credit in a not-for-profit setting. By improving financial health and fostering success, the credit union enables its members to achieve their dreams. With over 286,000 share accounts and assets totaling over $1.7 billion, the credit union provides various savings options for its members to secure their futures.
Official website here: www.ccuky.org
Who is the CEO of Commonwealth Credit Union?
Karen Harbin is the Vice Chairperson of Commonwealth Credit Union. The CEO's salary of Commonwealth Credit Union is $716,243 and their total compensation is $876,662.
Official website here: www.ccuky.org
What is the revenue of Commonwealth Credit Union?
Commonwealth Credit Union's revenue in 2022 was $97,138,254.
Official website here: www.ccuky.org
Who are the executives of Commonwealth Credit Union and what are their salaries?
The average compensation at Commonwealth Credit Union during 2022 was $57,146. There are 405 employees and 15 volunteers at Commonwealth Credit Union.
Here are 18 key members and their salaries (Commonwealth Credit Union's CEO's salary is $716,243 and their total compensation is $876,662):
- Compensation: $2,197
- Related: $0
- Other: $0
- Compensation: $1,051
- Related: $0
- Other: $0
- Compensation: $1,353
- Related: $0
- Other: $0
- Compensation: $1,353
- Related: $0
- Other: $0
- Compensation: $917
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $716,243
- Related: $0
- Other: $160,419
- Compensation: $348,409
- Related: $0
- Other: $117,358
- Compensation: $342,198
- Related: $0
- Other: $108,858
- Compensation: $279,756
- Related: $0
- Other: $11,034
- Compensation: $237,130
- Related: $0
- Other: $35,839
- Compensation: $267,093
- Related: $0
- Other: $109,497
- Compensation: $295,320
- Related: $0
- Other: $101,896
- Compensation: $290,421
- Related: $0
- Other: $149,362
Official website here: www.ccuky.org
Where can I find the form 990 for Commonwealth Credit Union?
Commonwealth Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccuky.org
Learn more at the official website: www.ccuky.org
Mission Statement of Commonwealth Credit Union
Commonwealth Credit Union, a not-for-profit financial institution, is dedicated to inspiring growth through engagement, empowerment, and extraordinary service. Their ultimate goal is to enhance the lives of their members by providing a secure place to save and a reliable source of credit. By helping members improve their financial health and achieve their dreams, the credit union goes beyond just offering financial services.
With over 286,000 share accounts aggregating over $1.7 billion, Commonwealth Credit Union offers a multitude of savings options for its members. These diverse savings choices empower individuals to build a strong financial future. The credit union's passion to serve is reflected in its mission: "We better lives through our passion to serve." This commitment to its members is evident in the credit union's continuous efforts to help them achieve financial success and realize their dreams.
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Impact
October, 2024
Commonwealth Credit Union plays a pivotal role in the financial well-being of its members and the broader community in Frankfort, KY. With a vision centered on growth inspired by engagement, empowerment, and extraordinary service, the credit union is committed to enhancing the lives of its members.
The organization manages over $1.7 billion across 286,495 share accounts, providing a diverse array of savings options that empower individuals to secure their financial futures. By creating a safe and supportive environment for saving and borrowing, Commonwealth Credit Union fosters financial health and success. Its mission to better lives through a passion for service translates into tangible benefits for members, as the credit union works diligently to help them achieve their dreams and improve their financial literacy.
Through its unwavering commitment to community and member engagement, Commonwealth Credit Union not only serves as a critical resource for personal finance but also enhances the economic stability of the region it serves. In doing so, it reinforces its standing as a trusted partner on the journey toward financial empowerment.
This information is meant to be a general summary of Commonwealth Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,265,952
- Program Service Revenue: $86,659,024
- Gross Receipts: $97,152,106
Assets and Liabilities:
- Total Assets: $2,025,445,100
- Total Liabilities: $1,839,505,682
- Net Assets: $185,939,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$61,308,318
INTERCHANGE INCOME
Revenue
$12,925,168
FEE INCOME
Revenue
$10,651,181
OTHER INCOME
Revenue
$1,481,330
FINANCE AND INSURANCE
Revenue
$293,027
Organization Details
Founding Year
1951
Phone
(502) 564-4775Principal Officer
Karen Harbin
Main Address
PO BOX 978, FRANKFORT, KY, 406020978
Website
www.ccuky.orgNTEE Category
Code: W60 - Public benefit
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