Commonwealth Credit Union

  • +1

A short history of Commonwealth CU

Since its inception in 1951 the Commonwealth Credit Union has been serving its members in the Bourbonnais, Illinois 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 Raeann Love, the Commonwealth CU has grown its membership to over 10,490 with assets of more than $81,847,971. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (815) 937-7447 to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Bourbonnais, IL.

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

Charter Number 97095
Address PO Box 380 
City Bourbonnais 
State Illinois 
Zip-Code 60914
Phone Number (815) 937-7447
Fax Number (815) 935-7738
Email Address: ----
CEO/President Raeann Love
Members 10,490 
Full-Time Employees 24 
Part-Time Employees
Number of Branch Offices
Total Assets 81,847,971 

Compare Commonwealth Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Elite Community CU Branch - 2525 South Kensington Ave 2525 S Kensington Ave 60901 (815) 933-7711 No 2.27
Maternity B.v.m. CU AMI, Inc 8348 Corporate Dr 53406 (800) 558-3709 No 2.64
Fieldstone CU Fieldstone Credit Union 395 N Kinzie Ave 60915 (815) 929-1870 No 2.90
Kankakee County Federal Emp CU KANKAKEE COUNTY FEDERAL EMPLOYEES FEDERAL CREDIT UNION 475 E Court St Unit 204 60901 (815) 939-7417 No 4.90
Riverside Community CU Riverside Community CU 368 Larry Power Rd 60914 (815) 939-2485 No 4.95

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 9.70 3.40 4.53 3.90 5.21
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 221 197 268 126 256
Rank Among All Illinois Credit Unions 25 60 66 25 50

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 0.15 1.05 0.55
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 124 165 219
Rank Among All Illinois Credit Unions 17 34 24 23 28
Commonwealth Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.7001,7122,262,324
All Other Unsecured Loans/Lines of Credit 10.460310758,958
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.4001,02220,209,657
Used Vehicle Loans 4.5301,43718,715,165
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.90024618,853,965
Total Other Real Estate Loans/Lines of Credit 5.210851,086,435
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.95086885,394
TOTAL LOANS & LEASES 4,89862,771,898

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 727,890,9551140,000
    b. 15 Years or less 17310,915,709101,010,600
    a. > 15 years 0000
    b. 15 Years or less 147,30100
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 68939,8975125,000
Closed-End Adjustable Rate 1064,01200
Open-End Adjustable Rate 782,52600
Open-End Fixed Rate 0000
TOTALS 33119,940,400161,275,600


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 No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes