Commonwealth Credit Union

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A short history of Commonwealth CU

Since its inception in 1951 the Commonwealth Credit Union has been serving its members in the Frankfort, Kentucky area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Karen Harbin, the Commonwealth CU has grown its membership to over 92,035 with assets of more than $1,132,575,277. They have a main office and 10 branch offices. Please see the credit unions website or contact them by phone at (502) 564-4775 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Frankfort, KY.

General Information For Commonwealth CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61437
Address PO Box 978 
City Frankfort 
State Kentucky 
Zip-Code 40602
Phone Number (502) 564-4775
Fax Number () -
Email Address:
CEO/President Karen Harbin
Members 92,035 
Full-Time Employees 279 
Part-Time Employees 21 
Number of Branch Offices 10 
Total Assets 1,132,575,277 

Compare Commonwealth Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Kentucky Employees CU Kentucky Employees CU 100 Moore Dr 40601 (502) 564-5597 No 1.38
Metro Employees CU Main Office 1306 VERSAILLES RD STE 140 40504 (859) 258-3990 No 21.73
Lexington Postal CU LPCU Branch 100 Midland Ave 40512 (859) 231-3198 No 21.80
Greater Kentucky Cu, Inc. CU MAIN OFFICE 1001 RED MILE RD 40504 (859) 231-9300 No 22.12
Members Heritage CU Members Heritage Credit Union 2420 Members Way 40504 (248) 373-8990 No 23.06

Commonwealth Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Commonwealth Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.90 2.74 3.04 3.38 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 332 113 97 58 100
Rank Among All Kentucky Credit Unions 21 7 7 4 8

Commonwealth Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 0.60 0.80 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 48 207 271
Rank Among All Kentucky Credit Unions 6 16 4 16 27
Commonwealth Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.90023,05884,731,396
All Other Unsecured Loans/Lines of Credit 10.40015,15755,456,852
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.0002,9709,593,491
New Vehicle Loans 2.7403,51973,462,891
Used Vehicle Loans 3.04014,991175,869,094
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.3803,892293,567,344
Total Other Real Estate Loans/Lines of Credit 4.0003,63951,468,830
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.4909,72482,346,489
TOTAL LOANS & LEASES 76,950826,496,387

Commonwealth Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 66852,851,915355,862,810
    b. 15 Years or less 1,506109,489,93712013,971,217
    a. > 15 years 62685,471,2419514,634,093
    b. 15 Years or less 26133,106,159113,071,391
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 83112,648,092683,357,450
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 892,567,4045202,282
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3,55048,901,42633310,732,284
Open-End Fixed Rate 0000
TOTALS 7,531345,036,17466751,831,527


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Commonwealth Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes