Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1958.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
34 people listed on the 990; $3.5M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Karen Harbin | $1,125,835 | $1,051,090 | $716,243 | $685,553 | $609,578 |
| David Young | — | $936,481 | $342,198 | $321,950 | $304,024 |
| Karen Maxfield | — | $447,323 | $267,093 | $249,651 | $233,708 |
| Stephen Bellas | $422,976 | $392,953 | $348,409 | $325,766 | $296,247 |
| Alan Davis | — | — | $279,756 | $398,815 | $255,535 |
| Jaynel Christensen | $389,887 | $340,161 | — | — | — |
| Douglas Graham | $382,385 | $351,793 | — | — | — |
| Patricia Smith | $314,631 | $289,930 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II3 listed
Programs and updates
Improves lives by serving others with passion and dedication.
Questions for Commonwealth Credit Union
Your first name shows with your question. Commonwealth Credit Union answers here, for everyone.
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Cmmonwealth credit union provides deposit, loan and various other financial services to its members. Effective february 3, 2025, commonwealth credit union converted from state chartered credit union to a federally chartered credit union. All services will continue without interruption under the new federal charter.
Miscellaneous Financial Services
Commonwealth credit union offers a variety of services to its 127,640 members. These include online banking, mobile banking, bill payment, remote and mobile deposit and other electronic services.
Loans
Commonwealth credit union's loan portfolio exceeds $1.8 billion. The credit union has 109,231 loans outstanding. Commonwealth offers its members an array of loan products to meet their credit needs.
Deposits
The credit union has 322,720 deposit accounts aggregating over $2.1 billion. Commonwealth credit union has a myriad of savings options from which members can select from to grow their futures.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $159.5M | $137.1M | $22.5M | $236.1M | 990 PDF |
| FY2023 | $122.4M | $111.5M | $10.8M | $208.8M | 990 PDF |
| FY2022 | $97.1M | $79.5M | $17.6M | $185.9M | 990 PDF |
| FY2021 | $88.4M | $74.2M | $14.1M | $210.7M | 990 PDF |
| FY2020 | $82.6M | $73.8M | $8.8M | $199.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (1 part)
Part VI · Governance 8 of 9 board members independent, no flags
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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