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.
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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
Open Grants
1 open opportunity from Commonwealth Credit Union
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 |
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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?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities