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COMMONWEALTH CREDIT UNION

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Public IRS 990 nonprofit record

COMMONWEALTH CREDIT UNION

EIN 61-0671028 · Arts, Culture & Humanities (A)

What they do

THE CREDIT UNIONS 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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$89.33spent for every $100 of revenueRevenue covered expenses this year.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $485,542 for JAYNEL CHRISTENSEN (EXECUTIVE VICE PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$14,658,808
Expenses$13,095,345
Annual surplus $1,563,463 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$14,658,808
Expenses$13,095,345
Income$14,658,808
Grants given$2,732,831
Average grant$50,608
Stocks and bonds$272,285,277
Accounting fees$20,904
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JAYNEL CHRISTENSENEXECUTIVE VICE PRESIDENT · 40 hrs/week $485,542Base $389,887 · Other $95,655
PATRICIA SMITHCHIEF BRAND & ADVOCACY OFF · 40 hrs/week $349,212Base $314,631 · Other $34,581
DOUGLAS GRAHAMCHIEF INNOVATION & STRATEG · 40 hrs/week $342,291Base $382,385 · Other -$40,094
KIMBERLY DURRUMCHIEF MEMBER EXPERIENCE OFFICER · 40 hrs/week $318,105Base $257,037 · Other $61,068
LISA STINSONCHIEF PEOPLE OFFICER · 40 hrs/week $279,212Base $217,505 · Other $61,707
MATTHEW STEWARTSVP OF COMMERCIAL SERVICES · 40 hrs/week $274,053Base $260,088 · Other $13,965
KAREN HARBINCEO/PRESIDENT/BOARD MEMBER · 40 hrs/week $144,688Base $85,280 · Other $59,408
STEPHEN BELLASCFO · 40 hrs/week $68,693Base $43,852 · Other $24,841
REGINA GRUBBSBOARD OF DIRECTORS · 1 hrs/week $86

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

JAYNEL CHRISTENSENEXECUTIVE VICE PRESIDENT

PATRICIA SMITHCHIEF BRAND & ADVOCACY OFF

DOUGLAS GRAHAMCHIEF INNOVATION & STRATEG

KIMBERLY DURRUMCHIEF MEMBER EXPERIENCE OFFICER

LISA STINSONCHIEF PEOPLE OFFICER

MATTHEW STEWARTSVP OF COMMERCIAL SERVICES

KAREN HARBINCEO/PRESIDENT/BOARD MEMBER

STEPHEN BELLASCFO

REGINA GRUBBSBOARD OF DIRECTORS

KENNETH BLACKWELLBOARD OF DIRECTORS

THOMAS RANDY FAWNSCHAIRPERSON

ROBIN ELLISSECRETARY/TREASURER

MARY FOSTERBOARD OF DIRECTORS

CARMINE IACCARINOBOARD OF DIRECTORS

KAY JONESBOARD OF DIRECTORS

JOSEPH BREWERBOARD OF DIRECTORS

JAMES CHADWELLBOARD OF DIRECTORS

JACQUELINE DUVALLBOARD OF DIRECTORS

DOUGLAS SMITHBOARD OF DIRECTORS

DONNIE RODGERS IIVICE CHAIRPERSON

About this charity

Recognized since
January 1958
Location
417 HIGH ST, FRANKFORT, KY 40601-2112
County
Franklin
In care of
% ACCOUNTING DEPARTMENT
Primary officer
KAREN HARBIN, CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2025
Return type
990
Tax preparer
DOEREN MAYHEW
NTEE classification
Arts, Culture & Humanities (A)
IRS tax category
Arts, Culture & Humanities
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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