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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 2023. Filed on September 4, 2024.

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 2023 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 410 total employees. Among the employees shown here, the average compensation is $630,745. The highest compensated employee at Commonwealth Credit Union is Karen Harbin with fiscal year 2023 compensation of $1,339,436.

Revenue, expenses, and employee compensation

Revenue

$122,362,301

Expenses

$111,540,681

Employee compensation

$35,915,103
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Karen Harbin
Ceo/President/Board Member
$1,339,436
$1,051,090 No related comp$288,346
David Young
Executive Vice President
$1,108,031
$936,481 No related comp$171,550
Karen Maxfield
Chief People Officer
$584,736
$447,323 No related comp$137,413
Stephen Bellas
Chief Financial Officer
$504,648
$392,953 No related comp$111,695
Jaynel Christensen
Chief Growth Officer
$462,952
$340,161 No related comp$122,791
Douglas Graham
Chief Innovation and Strategy Officer
$455,178
$351,793 No related comp$103,385
Patricia Smith
Chief Brand and Advocacy Officer
$328,005
$289,930 No related comp$38,075
Matthew Stewart
Senior Vice President of Commercial Services
$262,970
$242,126 No related comp$20,844

Benchmark Employee Compensation

Non-Employee Board Members

Robin Ellis
Treasurer
$7,551
$7,551 No related compNo other comp
Thomas Randy Fawns
Chair
$6,461
$6,461 No related compNo other comp
Mary Foster
Board Member
$5,686
$5,686 No related compNo other comp
James Chadwell
Board Member
$5,223
$5,223 No related compNo other comp
Regina Grubbs
Board Member
$2,923
$2,923 No related compNo other comp
Donnie Rodgers II
Vice Chair
$2,526
$2,526 No related compNo other comp
Joseph Brewer
Board Member
$900
$900 No related compNo other comp
Kay Jones
Board Member
No compensation reported
Kelly Smith
Board Member
No compensation reported
Kenneth Blackwell
Board Member
No compensation reported

Contractors

Marrillia Interest LLC
Design and Construction
$2,672,633
Visa USA Inc.
Visa Processing
$2,235,964
Amplifi Loyalty Solutions LLC
Credit Card Point Redemptions
$1,921,244
Jack Henry & Associates
Symitar Programming and Maintenance
$1,559,817
Crosshair Media Placement LLC
Radio Tv Outdoor and Print Marketing
$1,369,755

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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