Commonwealth Credit Union

Frankfort, KY
Tax-exempt since Jan. 1958
EIN: 61-0671028

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Type of Nonprofit

Designated as a 501(c)(14) State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$122M (2023)

Expenses

$112M (2023)

Total Assets

$2.21B (2023)

Total Liabilities

$2B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$122,362,301

Expenses

$111,540,681

Net Income

$10,821,620

Net Assets

$208,849,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$107,156,811	87.6%
Investment Income	$12,097,960	9.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,107,530	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,518,741	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,399,664	21.0%

Assets/Debt
Total Assets	$2,210,286,474
Total Liabilities	$2,001,436,685
Net Assets	$208,849,789

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$1,051,090	$0	$288,346
David Young (Executive Vice President)	$936,481	$0	$171,550
Karen Maxfield (Chief People Officer)	$447,323	$0	$137,413
Stephen Bellas (Cfo)	$392,953	$0	$111,695
Douglas Graham (Chief Innovation & Strategy Officer)	$351,793	$0	$103,385
Jaynel Christensen (Chief Growth Officer)	$340,161	$0	$122,791
Patricia Smith (Chief Brand & Advocacy Officer)	$289,930	$0	$38,075
Matthew Stewart (Svp Of Commercial Services)	$242,126	$0	$20,844
Robin Ellis (Treasurer)	$7,551	$0	$0
Thomas Randy Fawns (Chairperson)	$6,461	$0	$0
Mary Foster (Board Of Directors)	$5,686	$0	$0
James Chadwell (Board Of Directors)	$5,223	$0	$0
Regina Grubbs (Board Of Directors)	$2,923	$0	$0
Donnie Rodgers Ii (Vice Chairperson)	$2,526	$0	$0
Joseph Brewer (Board Of Directors)	$900	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0
Kelly Smith (Board Of Directors)	$0	$0	$0

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990

Filed on Sept. 4, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$97,138,254

Expenses

$79,510,556

Net Income

$17,627,698

Net Assets

$185,939,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$86,659,024	89.2%
Investment Income	$7,248,602	7.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,350	0.0%
Net Inventory Sales	$0
Other Revenue	$3,213,278	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,800,356	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,343,744	26.8%

Assets/Debt
Total Assets	$2,025,445,100
Total Liabilities	$1,839,505,682
Net Assets	$185,939,418

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$716,243	$0	$160,419
Stephen Bellas (Cfo)	$348,409	$0	$117,358
David Young (Executive Vice President)	$342,198	$0	$108,858
Gloria Thomas (Chief Operations Officer)	$295,320	$0	$101,896
Doug Graham (Chief Innovation & Strategy Officer)	$290,421	$0	$149,362
Alan Davis (Chief Lending Officer)	$279,756	$0	$11,034
Karen Maxfield (Chief People Officer)	$267,093	$0	$109,497
Patty Smith (Chief Brand & Advocacy Officer)	$237,130	$0	$35,839
Donnie Rodgers Ii (Vice Chairperson)	$2,197	$0	$0
Rob Ellis (Secretary/Treasurer)	$1,353	$0	$0
Randy Fawns (Chairperson)	$1,353	$0	$0
Jim Chadwell (Board Of Directors)	$1,051	$0	$0
Regina Grubbs (Board Of Directors)	$917	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Kelly Smith (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on July 25, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$88,350,902

Expenses

$74,247,631

Net Income

$14,103,271

Net Assets

$210,668,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$81,152,276	91.9%
Investment Income	$4,473,534	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,725,092	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,640,979	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,065,320	25.7%

Assets/Debt
Total Assets	$1,891,090,350
Total Liabilities	$1,680,421,900
Net Assets	$210,668,450

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$685,553	$0	$176,647
Alan Davis (Cheif Lending Officer)	$398,815	$0	$124,854
Stephen Bellas (Cfo)	$325,766	$0	$94,561
David Young (Executive Vice President)	$321,950	$0	$36,502
Gloria Thomas (Chief Operations Officer)	$281,549	$0	$78,027
Doug Graham (Chief Information Officer)	$280,461	$0	$71,622
Karen Maxfield (Cheif Human Resources Offi)	$249,651	$0	$45,213
Patty Smith (Chief Marketing Officer)	$221,399	$0	$30,917
Jim Chadwell (Board Of Directors)	$1,786	$0	$0
Donnie Rodgers Ii (Treasurer)	$0	$0	$0
Randy Overstreet (Board Of Directors)	$0	$0	$0
Randy Fawns (Vice Chairperson)	$0	$0	$0
Regina Grubbs (Chairperson)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Kelly Smith (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on Aug. 12, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$82,648,583

Expenses

$73,800,847

Net Income

$8,847,736

Net Assets

$199,342,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$75,463,633	91.3%
Investment Income	$4,241,905	5.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,943,045	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,732,831	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,777,548	25.4%

Assets/Debt
Total Assets	$1,651,235,047
Total Liabilities	$1,451,892,049
Net Assets	$199,342,998

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$609,578	$0	$230,559
David Young (Executive Vice President)	$304,024	$0	$150,751
Stephen Bellas (Cfo)	$296,247	$0	$140,356
Alan Davis (Cheif Lending Officer)	$255,535	$0	$246,262
Doug Graham (Chief Information Officer)	$246,239	$0	$243,210
Karen Maxfield (Cheif Human Resources Offi)	$233,708	$0	$257,217
Gloria Thomas (Chief Operations Officer)	$231,226	$0	$89,575
Patty Smith (Chief Marketing Officer)	$201,418	$0	$40,603
Donnie Rodgers Ii (Board Of Directors)	$1,316	$0	$0
Jim Chadwell (Board Of Directors)	$0	$0	$0
Randy Overstreet (Board Of Directors)	$0	$0	$0
Randy Fawns (Board Of Directors Vice Chairperson)	$0	$0	$0
Regina Grubbs (Board Of Directors Chairperson)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0
Rob Ellis (Board Of Directors)	$0	$0	$0

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990

Filed on Aug. 24, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$81,263,726

Expenses

$68,037,001

Net Income

$13,226,725

Net Assets

$184,671,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$72,036,121	88.6%
Investment Income	$6,218,831	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,008,774	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,659,811	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,157,184	25.2%

Assets/Debt
Total Assets	$1,383,472,650
Total Liabilities	$1,198,801,472
Net Assets	$184,671,178

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$574,145	$0	$225,752
David Young (Executive Vice President)	$289,245	$0	$104,951
Stephen Bellas (Cfo)	$278,872	$0	$177,719
Alan Davis (Cheif Lending Officer)	$230,782	$0	$191,525
Doug Graham (Chief Information Officer)	$223,446	$0	$120,036
Karen Maxfield (Cheif Human Resources Offi)	$222,796	$0	$182,640
Gloria Thomas (Chief Operations Officer)	$207,029	$0	$137,207
Patty Smith (Chief Marketing Officer)	$192,311	$0	$27,903
Randy Fawns (Board Of Directors)	$3,003	$0	$0
Kay Jones (Board Of Directors)	$1,294	$0	$0
Alex Rose (Board Of Directors)	$1,278	$0	$0
Randy Overstreet (Board Of Directors)	$1,065	$0	$0
Regina Grubbs (Board Of Directors)	$999	$0	$0
Mary Foster (Board Of Directors)	$749	$0	$0
Jim Chadwell (Board Of Directors)	$739	$0	$0
Donnie Rodgers Ii (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on Oct. 30, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$71,647,618

Expenses

$60,561,476

Net Income

$11,086,142

Net Assets

$166,469,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$63,251,597	88.3%
Investment Income	$5,205,776	7.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,190,245	4.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,345,573	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,250,771	26.8%

Assets/Debt
Total Assets	$1,262,159,235
Total Liabilities	$1,095,689,416
Net Assets	$166,469,819

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$441,234	$0	$193,389
David Young (Executive Vice President)	$246,284	$0	$151,886
Stephen Bellas (Cfo)	$222,998	$0	$78,827
Alan Davis (Cheif Lending Officer)	$185,747	$0	$203,050
Karen Maxfield (Cheif Human Resources Offi)	$173,361	$0	$157,278
Gloria Thomas (Chief Operations Officer)	$169,091	$0	$166,779
Patty Smith (Chief Marketing Officer)	$153,634	$0	$28,893
Kim Durrum (Vp Of Operations)	$149,401	$0	$124,068
Jim Chadwell (Board Of Directors)	$3,446	$0	$0
Randy Overstreet (Board Of Directors)	$2,487	$0	$0
Donnie Rodgers Ii (Board Of Directors)	$1,932	$0	$0
Regina Grubbs (Board Of Directors)	$995	$0	$0
Kenneth Blackwell (Board Of Directors)	$964	$0	$0
Randy Fawns (Board Of Directors)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Harry Suter (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0

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990

Filed on Sept. 26, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$65,489,990

Expenses

$54,169,476

Net Income

$11,320,514

Net Assets

$155,504,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,326,073	89.1%
Investment Income	$3,708,257	5.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$13,169
Net Inventory Sales	$0
Other Revenue	$3,468,829	5.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,130,232	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,705,738	27.1%

Assets/Debt
Total Assets	$1,150,232,039
Total Liabilities	$994,727,375
Net Assets	$155,504,664

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$420,907	$0	$96,810
David Young (Executive Vice President)	$242,669	$0	$63,890
Stephen Bellas (Cfo)	$229,832	$0	$62,158
Alan Davis (Cheif Lending Officer)	$212,029	$0	$58,234
Karen Maxfield (Cheif Human Resources Officer)	$183,344	$0	$52,725
Patty Smith (Chief Marketing Officer)	$178,928	$0	$37,246
Gloria Thomas (Chief Operations Officer)	$171,332	$0	$50,834
Kim Durrum (Vp Of Operations)	$138,075	$0	$41,093
Randy Overstreet (Board Of Directors)	$3,669	$0	$0
Harry Suter (Board Of Directors)	$2,075	$0	$0
Regina Grubbs (Board Of Directors)	$1,982	$0	$0
Donnie Rodgers Ii (Board Of Directors)	$1,781	$0	$0
Jim Chadwell (Board Of Directors)	$1,663	$0	$0
Randy Fawns (Board Of Directors)	$904	$0	$0
Robin Brewer (Board Of Directors)	$707	$0	$0
Alex Rose (Board Of Directors)	$625	$0	$0
Bill Leach (Board Of Directors)	$350	$0	$0
Kay Jones (Board Of Directors)	$210	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on Oct. 26, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$60,517,337

Expenses

$51,348,264

Net Income

$9,169,073

Net Assets

$140,751,338

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,775,346	88.9%
Investment Income	$3,395,950	5.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$39,400	0.1%
Net Inventory Sales	$0
Other Revenue	$3,306,641	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,076,434	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,056,420	27.4%

Assets/Debt
Total Assets	$1,128,591,716
Total Liabilities	$987,840,378
Net Assets	$140,751,338

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/President/Board Member)	$319,449	$0	$143,643
David Young (Executive Vice President)	$221,051	$0	$100,482
Stephen Bellas (Cfo)	$197,502	$0	$89,475
Alan Davis (Vice President Of Lending)	$182,559	$0	$96,939
Karen Maxfield (Vice President Of Human Re)	$162,175	$0	$80,728
Kenneth Blake (Assistant Vice President Of Lending)	$156,321	$0	$72,614
Gloria Thomas (Vp Of Branch Services)	$144,747	$0	$66,736
Doug Graham (Information Systems Manage)	$129,519	$0	$64,487
Harry Suter (Board Of Directors)	$2,059	$0	$0
Jim Chadwell (Board Of Directors)	$1,040	$0	$0
Regina Grubbs (Board Of Directors)	$1,026	$0	$0
Robin Brewer (Board Of Directors)	$707	$0	$0
Donnie Rodgers Ii (Board Of Directors)	$0	$0	$0
Randy Overstreet (Board Of Directors)	$0	$0	$0
Randy Fawns (Board Of Directors)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on Aug. 11, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$54,800,564

Expenses

$47,092,654

Net Income

$7,707,910

Net Assets

$162,951,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,751,698	92.6%
Investment Income	$3,309,002	6.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$298,320	0.5%
Net Inventory Sales	$0
Other Revenue	$441,544	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$834,210	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,524,231	28.7%

Assets/Debt
Total Assets	$1,031,779,216
Total Liabilities	$868,827,506
Net Assets	$162,951,710

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/Board Member)	$276,963	$0	$123,425
David Young (Executive Vice President)	$202,683	$0	$85,766
Anne Burgess (Chief Information Officer)	$150,476	$0	$64,998
Alan Davis (Vice President Of Lending)	$145,026	$0	$70,629
Karen Maxfield (Vice President Of Human Re)	$141,310	$0	$61,635
Gloria Thomas (Vp Of Branch Services)	$130,296	$0	$57,304
Doug Graham (Information Systems Manage)	$126,236	$0	$55,708
Stephen Bellas (Cfo)	$99,619	$0	$42,381
Jim Chadwell (Board Of Directors)	$1,533	$0	$0
Regina Grubbs (Board Of Directors)	$1,011	$0	$0
Randy Overstreet (Board Of Directors)	$829	$0	$0
Bob Bender (Board Of Directors)	$0	$0	$0
Randy Fawns (Board Of Directors)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Harry Suter (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Bill Leach (Board Of Directors)	$0	$0	$0
Robin Brewer (Board Of Directors)	$0	$0	$0
Kenneth Blackwell (Board Of Directors)	$0	$0	$0

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990

Filed on Aug. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$52,229,741

Expenses

$44,275,195

Net Income

$7,954,546

Net Assets

$188,443,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,903,095	91.7%
Investment Income	$3,841,059	7.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,408	0.0%
Net Inventory Sales	$0
Other Revenue	$473,179	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$859,170	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,154,677	29.7%

Assets/Debt
Total Assets	$979,204,360
Total Liabilities	$790,760,431
Net Assets	$188,443,929

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/Board Member)	$263,210	$0	$115,844
David Young (Executive Vice President)	$188,077	$0	$79,606
Anne Burgess (Chief Information Officer)	$145,101	$0	$62,869
Louise Bryant Ritchie (Vice President Of Finance)	$144,273	$0	$62,664
Alan Davis (Vice President Of Lending)	$136,024	$0	$64,633
Karen Maxfield (Vice President Of Human Re)	$126,427	$0	$55,664
Doug Graham (Information Systems Manage)	$121,809	$0	$53,852
Cheyenne Mills (Information Systems Securi)	$118,307	$0	$52,479
Jim Chadwell (Board Of Directors)	$2,020	$0	$0
Kenneth Blackwell (Board Of Directors)	$1,904	$0	$0
Bill Leach (Board Of Directors)	$967	$0	$0
Randy Overstreet (Board Of Directors)	$605	$0	$0
Bob Bender (Board Of Directors)	$0	$0	$0
Randy Fawns (Board Of Directors)	$0	$0	$0
Regina Grubbs (Board Of Directors)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Harry Suter (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Robin Brewer (Board Of Directors)	$0	$0	$0

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990

Filed on Aug. 17, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$50,751,269

Expenses

$41,407,265

Net Income

$9,344,004

Net Assets

$177,095,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$44,305,384	87.3%
Investment Income	$3,966,965	7.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,000	0.0%
Net Fundraising	$0
Sales of Assets	$9,420	0.0%
Net Inventory Sales	$0
Other Revenue	$2,466,500	4.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$764,941	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,862,762	28.6%

Assets/Debt
Total Assets	$943,977,341
Total Liabilities	$766,881,722
Net Assets	$177,095,619

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Harbin (Ceo/Board Member)	$266,300	$0	$78,426
David Young (Executive Vice President)	$176,605	$0	$53,988
Alan Davis (Vice President Of Lending)	$142,903	$0	$44,805
Anne Burgess (Chief Information Officer)	$139,833	$0	$43,968
Louise Bryant Ritchie (Vice President Of Finance)	$139,395	$0	$43,849
Karen Maxfield (Vice President Of Human Resources)	$120,395	$0	$38,673
Doug Graham (Information Systems Manager)	$116,660	$0	$37,655
Cheyenne Mills (Information Systems Security Manager)	$115,626	$0	$37,373
Randy Overstreet (Board Of Directors)	$1,263	$0	$0
Jim Chadwell (Board Of Directors)	$1,202	$0	$0
Randy Fawns (Board Of Directors)	$1,186	$0	$0
Harry Suter (Board Of Directors)	$983	$0	$0
Bill Leach (Board Of Directors)	$979	$0	$0
John Scott (Board Of Directors)	$764	$0	$0
Bob Bender (Board Of Directors)	$0	$0	$0
Regina Grubbs (Board Of Directors)	$0	$0	$0
Mary Foster (Board Of Directors)	$0	$0	$0
Kay Jones (Board Of Directors)	$0	$0	$0
Alex Rose (Board Of Directors)	$0	$0	$0
Robin Brewer (Board Of Directors)	$0	$0	$0

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990

Filed on May 15, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$49,974,677

Expenses

$36,745,143

Net Income

$13,229,534

Net Assets

$175,920,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$44,971,631	90.0%
Investment Income	$2,987,387	6.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$291,277
Net Inventory Sales	$0
Other Revenue	$2,306,936	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$701,828	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,669,291	31.8%

Assets/Debt
Total Assets	$928,031,441
Total Liabilities	$752,111,112
Net Assets	$175,920,329

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$49,779,615

Expenses

$40,482,998

Net Income

$9,296,617

Net Assets

$162,510,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$44,021,426	88.4%
Investment Income	$3,746,197	7.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$22,674	0.0%
Net Inventory Sales	$0
Other Revenue	$1,989,318	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,765,812	4.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,905,692	29.4%

Assets/Debt
Total Assets	$897,005,001
Total Liabilities	$734,494,843
Net Assets	$162,510,158

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Commonwealth Credit Union

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $122M (2023)

Expenses $112M (2023)

Total Assets $2.21B (2023)

Total Liabilities $2B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$122M (2023)

Expenses

$112M (2023)

Total Assets

$2.21B (2023)

Total Liabilities

$2B (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005