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.
Key facts about Commonwealth Credit Union
- EIN
- 61-0671028
- Latest 990 filing
- Form 990-PF, 2025
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Is Commonwealth Credit Union open to new grantees?
50%
first-time grantees, 2024
In 2024, 6 of 12 grantees (50%) were first-time recipients. First grants averaged $116K; repeat grants $40K. How we count
Medians: $102K first-time, $29K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Commonwealth Credit Union
- How to evaluate Commonwealth Credit Union as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Commonwealth Credit Union with AI
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- Track this opportunity in a free grant tracker
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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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS 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 September 2026. Sourced from IRS Form 990-PF filings.