Commonwealth Credit Union
Commonwealth Credit Union is a not-for-profit, federally chartered financial cooperative founded in 1951 in Frankfort, Kentucky, serving 140,000+ members across Central, Louisville Metro, Eastern, and Southern Kentucky with deposits, consumer and mortgage lending, wealth management, and AI-enabled credit scoring.
- Company typePrivate
- Founded1951
- HeadquartersFrankfort, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Commonwealth Credit Union does
Commonwealth Credit Union (CCU) is a not-for-profit, federally chartered financial cooperative founded in 1951 and headquartered in Frankfort, Kentucky. It serves over 140,000 members across Central Kentucky, the Louisville Metro Area, and — following an October 2025 expansion — 36 Eastern and Southern Kentucky counties, operating 18 branches with a team of 350+ employees and approximately $2.7 billion in total assets. Its core product set spans deposit accounts (checking, savings, money market, certificates, IRAs, HSAs), a full lending suite (home loans, HELOCs, auto, personal, student, recreational, secured loans, credit cards), and adjacent wealth-management and insurance products distributed through a dedicated business development team.
CCU's technology stack is Banno-powered digital banking with Zelle P2P integration, augmented by the Movemint embedded finance platform for digital loan origination and a Zest AI partnership for AI-driven credit scoring on auto, personal, and credit-card lending. The Movemint platform alone has generated $246.5 million in loan volume across more than 25,000 loans. In February 2026, CCU and Zest AI launched CU Lending Collective, a CUSO enabling small credit unions to access the same AI lending capabilities, marking CCU's first B2B platform offering beyond its own membership.
The revenue model is a standard credit-union stack: net interest income on the loan portfolio (auto, mortgage, HELOC, personal, credit cards), fee-based income (account, overdraft, ATM, origination), interchange from debit and credit cards, and wealth-management commissions. Distribution combines 18 physical branches, digital/mobile self-serve, a dedicated Mortgage Web Center, a three-person business development team targeting employer and association partnerships (State of Kentucky, Baptist Health Lexington, Kentucky Education Association, American Consumer Council, Financial Fitness Association, Community Impact Fund), and a flagship co-branded card partnership with Lexington Sporting Club. The credit union grew loans 14% in 2025 while maintaining credit quality, completed a merger with Eastern Kentucky Federal Credit Union in May 2025, and was recognized as a Best Place to Work in Kentucky for seven consecutive years.
Commonwealth Credit Union firmographics
Firmographics- Name
- Commonwealth Credit Union
- Legal name
- Commonwealth Credit Union
- Website
- https://ccuky.org
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Commonwealth Credit Union is a not-for-profit, federally chartered financial cooperative founded in 1951 in Frankfort, Kentucky, serving 140,000+ members across Central, Louisville Metro, Eastern, and Southern Kentucky with deposits, consumer and mortgage lending, wealth management, and AI-enabled credit scoring.
- Ownership category
- akta.pro rank
Commonwealth Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Employer/Occupational Credit Unions (FSABAEAB)
Keywords
Where Commonwealth Credit Union is headquartered
LocationHeadquarters
- HQ city
- Frankfort
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Commonwealth Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Interest income from loan portfolio including auto loans, home loans, HELOCs, personal loans, and credit cards minus interest paid on deposits
- Fee-Based Income: Account maintenance fees, overdraft fees, ATM fees, loan origination fees, and other service charges
- Interchange Revenue: Transaction fees from debit and credit card usage
- Wealth Management Services: Financial advisory, investment management, and insurance product distribution services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | New Auto Loans - Term-based APR tiers from 5.49% to 6.74% |
| Unit Pricing | Monthly | Used Auto Loans - APR from 5.74% to 7.24% |
| Usage-based | Pay-as-you-go | HELOC - Variable rate as low as 5.75% APR |
| Unit Pricing | Monthly | Personal Loans - Signature Cash from 9.49% to 11.49% APR |
| Subscription | Monthly | Checking Accounts - Tiered APY up to 3.00% |
| Subscription | Annual | Certificates - APY up to 4.10% |
| Subscription | Monthly | Regular Savings - 0.15% APY |
| Subscription | Monthly | Money Market Accounts - APY up to 2.50% |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels7 records
Commonwealth Credit Union product offering
Product offeringCore offering
Commonwealth Credit Union is a not-for-profit, member-owned financial cooperative offering retail banking products and services including checking and savings accounts, certificates, money market accounts, IRAs, HSAs, credit cards, mortgage and home equity loans, auto loans, personal loans, student loans, recreational vehicle loans, and secured loans. The credit union also provides business banking, wealth management, and insurance products to over 140,000 members across Central Kentucky, the Louisville Metro Area, and 36 Eastern and Southern Kentucky counties.
Product overview
Commonwealth Credit Union offers a comprehensive suite of financial products and services organized into three main segments: personal banking (My Life), business banking (My Business), and student-focused banking (My Campus). The core product portfolio centers on deposit accounts (checking, savings, certificates, money market, IRAs, HSAs), lending products (home loans, HELOCs, auto loans, personal loans, student loans, recreational loans, secured loans, credit cards), and digital banking services. The digital banking platform, powered by Banno technology, integrates Zelle for peer-to-peer payments. Wealth management and insurance products are offered as add-on services. The credit union also offers specialized programs including Safe Deposit Boxes, Live Video Tellers, and various calculators for financial planning.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts Various checking account options including commonWEALTH, Round UP, and Power Checking with tiered interest rates up to 3.00% APY, Zelle access, and Switch IT account switching service for members.
- Savings Accounts Savings products including Regular Savings, IRAs (Traditional and Roth), Money Market accounts, Certificates, and specialized accounts such as First Home Savings Plus, Vacation Club, and Christmas Savings for individual members.
- Credit Cards (My Card Visa) Visa credit card products including the My Card with Everyday Rewards program, offering cash back and rewards on purchases for individual members, plus co-branded LSC x CCU cards.
- Home Loans Comprehensive mortgage products including fixed-rate loans, adjustable-rate mortgages, FHA loans, VA loans, USDA loans, and 100% financing options, plus second mortgages and refinancing for members.
- Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity with $0 closing costs, variable rates as low as 5.75% APR, 10-year draw period followed by 15-year repayment, and access up to 100% of home's equity, available in Kentucky and Indiana.
- Auto Loans New and used vehicle financing with competitive rates, terms ranging from 12 to 84 months, and refinancing options for existing auto loans for individual members.
- Personal Loans Unsecured personal loans including Signature Cash Personal Loans up to $50,000, Signature Cash Personal Line of Credit, and Credit Builder Loans for members building credit history.
- Recreational and Adventure Loans Specialized financing for recreational vehicles including boats, campers, RVs, ATVs, UTVs, motorcycles, snowmobiles, and jet skis.
- Student Loans Education financing products to help members fund college expenses and student loan refinancing options.
- Secured Loans Loans secured by savings accounts or certificates, offering a way for members to borrow against their own funds with favorable rates.
- Business Accounts and Loans Business banking products including business checking, money market accounts, and business lending services with dedicated business development support targeting small and medium businesses.
- Wealth Management Financial planning and wealth management services including investment advisory, retirement planning, and portfolio management for individual members.
- Insurance Products Insurance offerings including credit life and disability insurance, AD&D insurance, home insurance, auto insurance, and life insurance through TruStage partnership.
- Health Savings Accounts (HSA) Tax-advantaged health savings accounts for individuals with high-deductible health plans, allowing pre-tax savings for medical expenses.
- Digital Banking Platform Online and mobile banking platform enabling members to access accounts, transfer funds, pay bills, deposit checks, and manage finances digitally, powered by Banno technology.
- CU Lending Collective (CUSO) Credit Union Service Organization (CUSO) jointly launched with Zest AI enabling small credit unions to access AI-powered lending technology including custom credit scoring models for auto loans, personal loans, and credit cards.
- Certificates of Deposit Term deposit certificates with rates up to 4.10% APY across multiple term lengths from 6 to 60 months, including jumbo certificate options for balances of $75,000 or more.
- Money Market Accounts Tiered money market deposit accounts for consumers and businesses, with APYs up to 2.50% (consumer) and 3.25% (business) at the $100,000+ balance tier.
Quantifiable outcome
- $246.5 million in loan growth across more than 25,000 loans using embedded finance platform
- +3 more outcomes
Companies that use Commonwealth Credit Union
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Commonwealth Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature3 records
Commonwealth Credit Union partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, flagship and minor.
- MovemintcoreEmbedded finance platform partnership enabling Commonwealth Credit Union to deliver personalized, pre-approved loan offers to members through digital channels. The platform generated $246.5 million in loan growth across more than 25,000 loans.
- Zest AIcoreLaunch of CU Lending Collective, a first-of-its-kind Credit Union Service Organization (CUSO) designed to help small credit unions adopt and deploy advanced AI-powered lending technology including custom scoring models for auto loans, personal loans, and credit cards.
- Lexington Sporting ClubflagshipCo-branded LSC x CCU debit and credit cards, Official Credit Union of Lexington Sporting Club, partnership includes fan engagement and community events at LSC stadium.
- American Heart AssociationminorPartnership providing 30 Infant CPR Anytime Training Kits to Highlands ARH Regional Medical Center in Eastern Kentucky.
- Baptist Health Foundation RichmondminorTransformative $550,000 donation to Baptist Health Foundation Richmond supporting community healthcare initiatives.
- Kentucky Housing CorporationcorePartnership offering expanded home loan options including Conventional, FHA, VA, RHS programs, and Down Payment Assistance (DAP) for first-time and repeat homebuyers statewide.
- American Consumer CouncilcoreAssociation partnership enabling individuals to join Commonwealth Credit Union through free ACC membership. Access to workshops, video series, and financial literacy resources.
- Community Impact FundcoreAssociation partnership for individuals and businesses to join Commonwealth Credit Union at no cost. Focus on community impact, financial literacy, and small business loans.
- Financial Fitness AssociationcoreAssociation partnership enabling individuals of all ages (including minors) to join Commonwealth Credit Union. Access to financial library with 350+ articles and podcasts.
- State of KentuckycoreEmployer partnership enabling State of Kentucky employees to join Commonwealth Credit Union with access to full range of banking products and employee benefits.
- Baptist Health LexingtoncoreEmployer partnership enabling Baptist Health Lexington employees to join Commonwealth Credit Union with employee banking benefits.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Commonwealth Credit Union competitors and assessment
Company assessmentDirect peers
- Abound Credit Union: Kentucky-headquartered community credit union serving members across Central and Northern Kentucky with similar deposit, lending, and digital banking products, directly overlapping with Commonwealth's Central Kentucky footprint and member profile.
- Park Community Credit Union: Kentucky-based community credit union offering consumer and business banking, lending, and digital services; comparable in scale, product mix, and member-owned cooperative model.
- University of Kentucky Federal Credit Union: Kentucky-headquartered credit union serving UK employees, students, and broader community with checking, lending, and wealth products; directly comparable in geography, member-owned structure, and consumer banking focus.
- L&N Federal Credit Union: Kentucky-based community credit union serving the Louisville region with consumer and business banking, closely overlapping Commonwealth's Louisville Metro branch footprint.
- Heritage Federal Credit Union: Kentucky-based community credit union offering deposit, lending, and digital services to a regional member base; comparable in cooperative structure, scale, and consumer banking orientation.
Broad incumbents
- Navy Federal Credit Union: Largest U.S. credit union with a broad national consumer banking franchise, including deposits, lending, and credit cards; a benchmark incumbent whose digital capabilities and product breadth shape the competitive context for mid-sized CUs like Commonwealth.
- PenFed (Pentagon Federal Credit Union): Large national credit union offering consumer and mortgage lending, deposits, and digital banking; competes with mid-sized CUs for digitally engaged members and benchmark for national credit union product and pricing.
Regional players
- Republic Bank & Trust Company: Kentucky-headquartered community bank with consumer, business, and mortgage products across Kentucky and the Midwest; directly comparable as a regional deposit and lending competitor in Commonwealth's home market.
- Stock Yards Bank & Trust: Kentucky-based regional bank offering consumer, business, and wealth services across Kentucky and Southern Indiana; comparable deposit and lending product set competing for the same Louisville Metro and Central Kentucky customers.
- Forcht Bank: Kentucky-headquartered community bank with consumer and business banking across Central and Eastern Kentucky; similar regional footprint and product mix to Commonwealth's branch and lending network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Commonwealth Credit Union social profiles
Digital presenceCommonwealth Credit Union compliance and trust
Trust signalCompliance6 records
Commonwealth Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Commonwealth Credit Union leadership team
Management profileNumber of profiles
Profiles5 records
Commonwealth Credit Union subsidiaries and ownership
Company hierarchySubsidiaries1 record
Commonwealth Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Commonwealth Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Commonwealth Credit Union
What does Commonwealth Credit Union do?
Commonwealth Credit Union is a not-for-profit, member-owned financial cooperative offering retail banking products and services including checking and savings accounts, certificates, money market accounts, IRAs, HSAs, credit cards, mortgage and home equity loans, auto loans, personal loans, student loans, recreational vehicle loans, and secured loans. The credit union also provides business banking, wealth management, and insurance products to over 140,000 members across Central Kentucky, the Louisville Metro Area, and 36 Eastern and Southern Kentucky counties.
Is Commonwealth Credit Union a public or private company?
Commonwealth Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Commonwealth Credit Union founded?
Commonwealth Credit Union was founded in 1951. It employs 251 to 500 people.
Where is Commonwealth Credit Union based?
Commonwealth Credit Union is headquartered in Frankfort, United States, in the North America region.
How does Commonwealth Credit Union make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee-Based Income, interchange Revenue and wealth Management Services.
Who are Commonwealth Credit Union's main competitors?
Direct peers on record are Abound Credit Union, Park Community Credit Union, University of Kentucky Federal Credit Union, L&N Federal Credit Union and Heritage Federal Credit Union. Broad incumbents are Navy Federal Credit Union and PenFed (Pentagon Federal Credit Union). Regional players are Republic Bank & Trust Company, Stock Yards Bank & Trust and Forcht Bank.
Does Commonwealth Credit Union have an API?
No public API is recorded for Commonwealth Credit Union.
What industry is Commonwealth Credit Union in?
Commonwealth Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSABAEAB, Employer/Occupational Credit Unions. Its NAICS code is 52213 and its SIC code is 6035.