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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Commonwealth Credit Union

Commonwealth Credit Union

Fiscal year ending 2022. Filed on July 25, 2023.

PO Box 978
Frankfort, Kentucky 40602

Commonwealth Credit Union (EIN: 61-0671028) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Commonwealth Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 405 total employees. Among the employees shown here, the average compensation is $446,354. The highest compensated employee at Commonwealth Credit Union is Karen Harbin with fiscal year 2022 compensation of $876,662.

Revenue, expenses, and employee compensation

Revenue

$97,138,254

Expenses

$79,510,556

Employee compensation

$31,344,979
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Karen Harbin
Ceo/President/Board Member
$876,662
$716,243 No related comp$160,419
Stephen Bellas
Chief Financial Officer
$465,767
$348,409 No related comp$117,358
David Young
Executive Vice President
$451,056
$342,198 No related comp$108,858
Doug Graham
Chief Innovation and Strategy Officer
$439,783
$290,421 No related comp$149,362
Gloria Thomas
Chief Operating Officer
$397,216
$295,320 No related comp$101,896
Karen Maxfield
Chief People Officer
$376,590
$267,093 No related comp$109,497
Alan Davis
Chief Lending Officer
$290,790
$279,756 No related comp$11,034
Patty Smith
Chief Brand and Advocacy Officer
$272,969
$237,130 No related comp$35,839

Benchmark Employee Compensation

Non-Employee Board Members

Donnie Rodgers II
Vice Chair
$2,197
$2,197 No related compNo other comp
Randy Fawns
Chair
$1,353
$1,353 No related compNo other comp
Rob Ellis
Secretary and Treasurer
$1,353
$1,353 No related compNo other comp
Jim Chadwell
Board Member
$1,051
$1,051 No related compNo other comp
Regina Grubbs
Board Member
$917
$917 No related compNo other comp
Bill Leach
Board Member
No compensation reported
Kay Jones
Board Member
No compensation reported
Kenneth Blackwell
Board Member
No compensation reported
Kelly Smith
Board Member
No compensation reported
Mary Foster
Board Member
No compensation reported

Contractors

Visa USA Inc.
Visa Processing
$2,106,839
A-L Tier Ii LLC CO Learfield Communica
Campus - Sponsorshop
$1,517,042
Jack Henry & Associates
Symitar Programming and Maintenance
$1,413,506
Lendkey Technologies Inc.
Loan Funding
$1,295,723
Marrillian Interest LLC
Design and Construction
$1,062,858

Mission Statement

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.

Other organizations also named Commonwealth Credit Union

Commonwealth Credit Union
Bourbonnais, Illinois

Revisions to this organization profile

December 12, 2025:
2025 Commonwealth Credit Union 990 filed
September 17, 2025:
2024 Commonwealth Credit Union 990 filed
September 4, 2024:
2023 Commonwealth Credit Union 990 filed

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