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Filing year 2024

COMMONWEALTH CREDIT UNION

Frankfort, Kentucky·EIN 61-0671028·501(c)(14)
Total revenue
$14.7M
Total assets
$0
Total expenses
$13.1M
Reported officers
20
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Vice President
75th to 90th percentile
$486k
$515k
Base
$296k
Bonus
$94k
Other
Benefits
$11k
Chief Brand & Advocacy Off
Highest Compensated Employee
75th to 90th percentile
$349k
$370k
Base
$238k
Bonus
$76k
Other
Benefits
$18k
Chief Innovation & Strateg
Highest Compensated Employee
75th to 90th percentile
$342k
$363k
Base
$292k
Bonus
$90k
Other
Benefits
$6k
Chief Member Experience Officer
Highest Compensated Employee
75th to 90th percentile
$318k
$337k
Base
$207k
Bonus
$50k
Other
Benefits
$6k
Chief People Officer
Highest Compensated Employee
75th to 90th percentile
$279k
$296k
Base
$186k
Bonus
$31k
Other
Benefits
$12k
SVP of Commercial Services
Senior Vice President
Median to 75th percentile
$274k
$291k
Base
$209k
Bonus
$51k
Other
Benefits
$366
Ceo/president/board Member
Median to 75th percentile
$145k
$153k
CFO
25th percentile to median
$69k
$73k
Board of Directors
Board Member
Below 10th percentile
$86
$91

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Down 64%
from 2023

From $1.3M in 2023 to $486k in 2024.

$1.3M
2023
$486k
2024
In today's dollarsEst.
Down 65% in real terms$1.5M to $515k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Executive Vice President pay fell 56% from 2023 to 2024, while revenue fell 88%.

$1.1M in 2023 to $486k in 2024.
  • Highest Compensated Employee pay fell 40% from 2023 to 2024.
  • Senior Vice President pay rose 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

COMMONWEALTH CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$122.4M
$111.5M
2023
$14.7M
$13.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about COMMONWEALTH CREDIT UNION

What does the Executive Vice President of COMMONWEALTH CREDIT UNION earn?

In 2024, the Executive Vice President of COMMONWEALTH CREDIT UNION received $485,542 in total compensation. This pay is in the top quarter for Executive Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Executive Vice President pay at COMMONWEALTH CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Executive Vice President at COMMONWEALTH CREDIT UNION falls between the 75th and 90th percentiles.

What are COMMONWEALTH CREDIT UNION's revenue and expenses?

In 2024, COMMONWEALTH CREDIT UNION reported $14.7M in total revenue and $13.1M in total expenses on its IRS Form 990.

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