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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 2025. Filed on December 12, 2025.

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 2025 IRS Form 990 filing, Commonwealth Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 2 out of 371 total employees. Among the employees shown here, the average compensation is $106,691. The highest compensated employee at Commonwealth Credit Union is Karen Harbin with fiscal year 2025 compensation of $144,688.

Revenue, expenses, and employee compensation

Revenue

$14,658,808

Expenses

$13,095,345

Employee compensation

$4,042,633
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Karen Harbin
Ceo/President/Board Member
$144,688
$85,280 No related comp$59,408
Stephen Bellas
Chief Financial Officer
$68,693
$43,852 No related comp$24,841

Benchmark Employee Compensation

Non-Employee Board Members

Regina Grubbs
Board Member
$86
$86 No related compNo other comp
Thomas Randy Fawns
Chair
No compensation reported
Jacqueline Duvall
Board Member
No compensation reported
Kenneth Blackwell
Board Member
No compensation reported
Robin Ellis
Secretary and Treasurer
No compensation reported
Carmine Iaccarino
Board Member
No compensation reported
Kay Jones
Board Member
No compensation reported
Donnie Rodgers II
Vice Chair
No compensation reported
Joseph Brewer
Board Member
No compensation reported
James Chadwell
Board Member
No compensation reported
Douglas Smith
Board Member
No compensation reported
Mary Foster
Board Member
No compensation reported

Contractors

Visa USA Inc.
Visa Processing
$407,428
Amplifi Loyalty Solutions LLC
Credit Card Point Redemptions
$205,844
Lumin Digital Inc.
Digital
$168,956
Cdw Direct LLC
Computer Equipment Software Licensing
$168,926
Securitas Technology Corp.
Alarm Monitoring and Maintenance
$142,652

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.

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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