Sep, 30, 2025 — COMMONWEALTH CREDIT UNION is a non-federally insured state credit union headquartered in BOURBONNAIS, IL with 2 branch locations and about $116.15 million in total assets. Opened 75 years ago in 1951, COMMONWEALTH CREDIT UNION has about 9,733 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMONWEALTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 563 William R Latham Sr Dr BOURBONNAIS, IL 60914 |
| Phone: | (815) 937-7447 |
| Fax: | (815) 935-7738 |
| Website: | https://www.cwcu.com |
| Branches: | 2 branch locations |
| Members: | 9,733 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97095 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $116,146,588 |
| CEO/Manager: | Raeann Love |
| Chairperson: | Kenneth Tousignant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,626,283 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,246,735 |
| Unsecured Loans | 1,784,177 |
| Other Loans | 52,623,507 |
| TOTAL LOANS | 82,654,419 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -291,258 |
| Land And Building | 1,506,543 |
| Other Fixed Assets | 165,777 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 116,146,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 82,221 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 415,041 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,123,660 |
| Regular shares | 53,213,122 |
| All Other Shares & Deposits | 24,903,544 |
| TOTAL SHARES & DEPOSITS | 100,240,325 |
| TOTAL LIABILITIES | 100,737,587 |
| Regular Reserve | 0 |
| Other Reserves | 450,495 |
| Undivided Earnings | 14,958,506 |
| TOTAL EQUITY | 15,409,001 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 116,146,588 |
| INCOME & EXPENSE | |
| Loan Income | 3,203,453 |
| Investment Income | 787,894 |
| Other Income | 279,088 |
| Total Employee Compensation & Benefits | 1,224,658 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,310,065 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,000 |
| Cost of Funds | 680,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,203,271 |
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