Commonwealth Credit Union
{{Infobox company
| name = Commonwealth Credit Union
| logo = Commonwealthcu logo.gif
| type = Credit union
| foundation = 1951
| location = Frankfort, Kentucky, United States
| key_people = Karen Harbin, President and CEO
| area_served = Central Kentucky (24 counties)
| industry = Financial services
| products = Savings; checking; consumer loans; business loans; mortgages; credit cards
| assets = $1.27B USD (2019)
| num_employees = 302
| subsid =
| homepage = [https://www.ccuky.org/ ccuky.org]
}}
Commonwealth Credit Union is a state chartered credit union headquartered in Frankfort, Kentucky. Commonwealth is regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. Commonwealth is the second-largest credit union in Kentucky and had $2.2 billion in assets, 119,000 members, and 16 branches as of January 2024.{{Cite web|url=http://www.credituniondirectory.net/cu-15777.html|title=Credit Unions In Kentucky|website=CUDATA.com|access-date=2019-05-10}}{{Cite web|url=http://www.usacreditunions.com/commonwealth-credit-union-61437|title=A short history of Commonwealth CU|website=USACreditUnions.com|access-date=2017-10-30}}
Commonwealth's field of membership extends to anyone residing or working in their 24-county service region.{{Cite web|url=https://www.ccuky.org/aboutus.php#districts|title=About Us|website=CCUKY.org|access-date=2016-08-15}} Member deposits are insured up to $250,000 through the National Credit Union Share Insurance Fund, credit unions' equivalent to the Federal Deposit Insurance Corporation (FDIC).
History
Commonwealth Credit Union was founded on April 2, 1951, with $2,700 in assets and 122 members. By 1976, membership had grown to nearly 6,000 and its assets to $2.8 million. Commonwealth absorbed the Kentucky Teachers and Associated Employees Credit Union in 1983.[https://news.google.com/newspapers?id=lHAvAAAAIBAJ&sjid=UdwFAAAAIBAJ&pg=1878,3641279&dq=commonwealth-credit-union&hl=en Collins indicted for forgery.] Kentucky New Era. 3 October 1983.[https://news.google.com/newspapers?id=4zAqAAAAIBAJ&sjid=P0cEAAAAIBAJ&pg=4311,5654935&dq=commonwealth-credit-union&hl=en Credit union's proposed takeover being studied.] Park City Daily News. 29 June 1983.
Commonwealth hosts an annual charity run that benefits charities in Kentucky[http://www.accessmylibrary.com/article-1G1-81769184/community-page.html Community Page.] Banking Wire. 14 January 2002. as well as an annual "Stuff the Bus" campaign to provide local schools with school supplies.[http://www.accessmylibrary.com/article-1G1-123838232/community-page.html Community Page.] Banking Wire. 1 November 2004.
In November 2015, Commonwealth became the preferred credit union partner for the University of Louisville.{{Cite web|url=https://www.usatoday.com/story/entertainment/television/great-day-live/2015/11/16/u-of-l-is-partnering-with-commonwealth-credit-union-to-help-students-faculty-and-alumni-achieve-their-financial-goals/75867348/|title=U of L is partnering with Commonwealth Credit Union to help students, faculty and alumni achieve their financial goals|website=USAToday.com|access-date=2016-08-15}} In 2017, Commonwealth became the official credit union of Rupp Arena.{{Cite web|url=https://www.ccuky.org/whatsnew/ruppevents.php|title=Rupp Arena Events|website=CCUKY.org|access-date=2017-10-30|archive-url=https://web.archive.org/web/20171107003006/https://www.ccuky.org/whatsnew/ruppevents.php|archive-date=2017-11-07|url-status=dead}}
References
{{Reflist}}
External links
- [https://www.ccuky.org/ Official website]
Category:Credit unions based in Kentucky
Category:Companies based in Kentucky