Sep, 30, 2025 — COMMENWEALTH CREDIT UNION is a federal credit union headquartered in FRANKFORT, KY with 18 branch locations and about $2.66 billion in total assets. Opened 75 years ago in 1951, COMMENWEALTH CREDIT UNION has about 137,411 members and employs 384 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMENWEALTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 417 High St FRANKFORT, KY 40601 |
| Phone: | (502) 564-4775 |
| Fax: | |
| Website: | https://www.ccuky.org |
| Branches: | 18 branch locations |
| Members: | 137,411 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24970 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,657,854,604 |
| CEO/Manager: | Karen Harbin |
| Chairperson: | Randy Fawns |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 246,095,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,025,997,184 |
| Unsecured Loans | 388,513,754 |
| Other Loans | 586,361,437 |
| TOTAL LOANS | 2,000,872,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,122,073 |
| Land And Building | 34,368,907 |
| Other Fixed Assets | 9,428,467 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 20,030,573 |
| All Other Assets | 443,913 |
| TOTAL ASSETS | 2,657,854,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 163,216 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 37,567,636 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 375,102,708 |
| Regular shares | 614,907,672 |
| All Other Shares & Deposits | 1,314,381,425 |
| TOTAL SHARES & DEPOSITS | 2,304,391,806 |
| TOTAL LIABILITIES | 2,392,350,628 |
| Regular Reserve | 0 |
| Other Reserves | -33,789,425 |
| Undivided Earnings | 299,293,401 |
| TOTAL EQUITY | 265,503,976 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,657,854,604 |
| INCOME & EXPENSE | |
| Loan Income | 93,897,552 |
| Investment Income | 14,349,811 |
| Other Income | 9,424,014 |
| Total Employee Compensation & Benefits | 31,459,408 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 27,830,750 |
| Non-operating Income & (Expense) | 2,534,021 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,931,358 |
| Cost of Funds | 40,614,220 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,389,240 |
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