Commonwealth Credit Union
THE CREDIT UNION'S VISION IS "GROWTH INSPIRED BY ENGAGEMENT, EMPOWERMENT, AND EXTRAORDINARY SERVICE." COMMONWEALTH PROVIDES ITS MEMBERS WITH A SAFE PLACE TO SAVE AND A SOURCE OF CREDIT IN A NOT-FOR-PROFIT CONTEXT. WE STRIVE TO IMPROVE THE LIVES OF THOSE WE SERVE BY HELPING THEM ACHIEVE THEIR DREAMS THROUGH FINANCIAL HEALTH AND SUCCESS.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Revenue
$14.7M
-90.8% YoY
Net Investment Income
$1.5M
-88.4% YoY
Expenses
$13.1M
-90.4% YoY
About Commonwealth Credit Union
Based on IRS filings
Commonwealth Credit Union is a nonprofit organization, based in FRANKFORT, KY. IRS filing data is available from 2020 through 2025. Net investment income was $1.5M.
Ready to take the next step with Commonwealth Credit Union?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $2,470,693,541 | $2,210,286,474 |
| Revenue | $14,658,808 | $159,530,457 | $122,362,301 |
| Expenses | $13,095,345 | $137,050,921 | $111,540,681 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,524,185 | $13,170,116 | $12,097,960 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN HARBIN | CEO/PRESIDENT/BOARD MEMBER | 40 | $85,280 |
| DONNIE RODGERS II | VICE CHAIRPERSON | 1 | — |
| DOUGLAS SMITH | BOARD OF DIRECTORS | 1 | — |
| JAMES CHADWELL | BOARD OF DIRECTORS | 1 | — |
| KAY JONES | BOARD OF DIRECTORS | 1 | — |
| KENNETH BLACKWELL | BOARD OF DIRECTORS | 1 | — |
| MARY FOSTER | BOARD OF DIRECTORS | 1 | — |
| REGINA GRUBBS | BOARD OF DIRECTORS | 1 | $86 |
| ROBIN ELLIS | SECRETARY/TREASURER | 1 | — |
| THOMAS RANDY FAWNS | CHAIRPERSON | 1 | — |
| JOSEPH BREWER | BOARD OF DIRECTORS | 1 | — |
| JACQUELINE DUVALL | BOARD OF DIRECTORS | 1 | — |
| CARMINE IACCARINO | BOARD OF DIRECTORS | 1 | — |
| STEPHEN BELLAS | CFO | 40 | $43,852 |
Frequently Asked Questions
Where does Commonwealth Credit Union operate?
Commonwealth Credit Union has awarded grants in Iowa, Illinois, Kentucky.
What is Commonwealth Credit Union's EIN?
Commonwealth Credit Union's EIN (Employer Identification Number) is 61-0671028. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Commonwealth Credit Union's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Commonwealth Credit Union on Grantable?
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- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
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