Introduction
Welcome to Commonwealth at our High Street Branch located at 417 High St, Frankfort, KY 40601! Since opening our doors in 1951, we've been dedicated to serving our community and providing financial solutions tailored to your needs. With a strong commitment to our members over 130,000 and counting we pride ourselves on building lasting relationships based on trust and reliability. At Commonwealth, we understand that financial matters can be daunting. That's why we offer a range of services designed to simplify your banking experience. Whether you're looking for personal banking options like checking and savings accounts or need assistance with auto loans, mortgage refinancing, or credit cards with rewards, we're here to help you every step of the way. Our total assets stand at an impressive $2,566,596,191, ensuring that we have the resources to support you effectively. While members can visit us at our branch location, official correspondence should be sent to PO Box 978, Frankfort, KY 40602-0978. You can reach us anytime at 502-564-4775, where our friendly staff is ready to assist you during lobby hours from 9:00 AM to 5:00 PM, Monday through Friday. Under the leadership of our CEO, Karen Harbin, and Board President, Randy Fawns, we are proud to foster a culture of community involvement and member-first service. Our focus extends beyond numbers; it's about making a positive impact in your lives. With a net worth of $287,619,804 and total deposits reaching $317,693,456, we are not just a bank we're your partner in financial success. Explore how we can support your financial journey by visiting us today or calling us at the number above. Together, let's build a brighter financial future!
Branch History & Mission
Community Commitment
Our impact extends beyond traditional banking. We actively participate in local events and partner with organizations that uplift our community. Through various outreach programs and initiatives, Commonwealth aims to make a positive difference in the lives of our members and neighbors.
Join Us
As we look toward the future, Commonwealth remains committed to evolving with technology while upholding the personal touch that defines us. We invite you to join our family today! Experience how we can help you navigate your financial journey with ease and confidence. For any inquiries or assistance, feel free to call us at 502-564-4775 during our operating hours of 9:00 AM to 5:00 PM Monday through Friday. Together, let's build a stronger community!
Our Evolution
Starting as a modest credit union, Commonwealth has evolved significantly over the years. We've adapted to meet the changing needs of our members while maintaining our core commitment to service and community values. As we celebrate our long-standing presence in Frankfort, we also embrace modern advancements that enhance your banking experience. From online banking to mobile payments, we are committed to making financial services accessible and convenient for everyone.
Our Mission
At Commonwealth, our mission is clear: we strive to provide exceptional financial services while fostering strong community ties. We believe that every member deserves personalized attention and support. Whether you're looking for checking and savings accounts, auto loans, mortgage refinancing, or business banking solutions, our team is dedicated to helping you achieve your financial goals. While members can visit us at our physical location on High Street for all their banking needs including drive-thru services we also welcome official correspondence at PO Box 978, Frankfort, KY 40602-0978.
Branch Location & Accessibility
Welcome to the Commonwealth High Street Branch, your friendly neighborhood credit union located at 417 High St, Frankfort, KY 40601. We are here to make your banking experience as convenient as possible. Nestled right in the heart of Frankfort, our branch is easily accessible and just a stone's throw away from popular local spots like the beautiful Old State Capitol and the scenic Kentucky River. At our High Street location, you'll find plenty of parking available to make your visit hassle-free. Our facility is fully ADA compliant, featuring ramps and other accessibility options so that all members can easily access our services. We understand that your time is valuable, which is why we offer flexible operating hours. Swing by Monday through Friday from 9:00 AM to 5:00 PM for all your banking needs. If you prefer to handle your transactions on the go, we have an ATM available for quick cash withdrawals and balance checks. For those who enjoy the convenience of drive-thru banking, you can take advantage of our drive-thru service for deposits, withdrawals, and simple transactions without leaving your vehicle. While members can visit us at 417 High St, official correspondence should be sent to our mailing address at PO Box 978, Frankfort, KY 40602-0978. Whether you're looking to open a new account or need assistance with loans or credit cards, our friendly staff is ready to help. Don't hesitate to give us a call at 502-564-4775 if you have any questions or need more information. Come visit us today and discover how Commonwealth can support your financial journey!
Member Eligibility
Becoming a member of Commonwealth is like stepping into a community that truly cares about your financial well-being. Located at 417 High St Frankfort Ky 40601, we welcome individuals who live, work, or worship in our service area, as well as those with family connections to existing members. It's all about fostering relationships and building a supportive network where everyone can thrive together. Membership opens the door to a range of benefits from personalized banking services to competitive loan rates that help you achieve your goals. Ready to join us? The process is straightforward and inviting! You can find more detailed information about eligibility criteria, which will guide you through what it takes to become part of our family. If you have any questions or need assistance, don't hesitate to give us a call at (502) 564-4775. We're excited to welcome you aboard!
Business Banking & Commercial Services
Merchant Services That Work
In today's competitive market, efficient payment processing is essential. Our merchant services allow you to accept payments easily, whether in-store or online. Imagine the ease of managing your transactions without the hassle our tools ensure you spend less time worrying about payments and more time focusing on growing your business. Located at 417 High St Frankfort Ky 40601 in Frankfort, KY, we invite you to explore how our business banking solutions can support your vision. For inquiries, call us at (502) 564-4775 or visit us during our lobby hours from 9:00 AM to 5:00 PM, Monday through Friday. Let's work together to help your business succeed!
Tailored Loan Options
Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $265 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $63 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $91,513,180, we continue to drive economic growth by financing new and expanding businesses.
Comprehensive List Of Services
Business Banking
For small business owners, we offer essential support through our Business Banking services. From convenient Merchant Services that streamline transactions to tailored Business Loans that fuel growth, we are here to support your entrepreneurial journey every step of the way.
Connect with Us
We invite you to visit us at 417 High St Frankfort Ky 40601 or give us a call at (502) 564-4775 during our operating hours from 9:00 AM to 5:00 PM, Monday through Friday. Our friendly staff is ready to assist you with any questions or concerns you may have regarding our services. Experience how banking should be done at Commonwealth where our commitment to exceptional service meets your financial needs!
Digital Banking Features
In today's fast-paced world, convenience is key. That's why we have invested in robust Online & Mobile Banking platforms that allow you to manage your accounts from anywhere at any time. Whether it's checking your balance, making transfers, or paying bills, everything is just a few clicks away. You can even enjoy features like ATM & Cash Withdrawal Services, making cash access quick and easy. Our branch also provides basic drive-thru banking for deposits, withdrawals, and simple transactions perfect for those on the go. If you're near one of our ATMs, accessing funds has never been easier with our basic ATM access features for withdrawals and balance checks.
Personal Banking
Managing your finances should be straightforward, and that's why we offer a variety of personal banking services. With our Checking & Savings Accounts, you can easily manage your day-to-day expenses while saving for the future. Plus, our Auto Loans & Vehicle Financing make it simple to get behind the wheel of your dream car without breaking the bank. If you're thinking about buying a home, explore our Mortgage Loans & Refinancing options which can help you secure the best rates available. Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation services can provide the financial relief you need, allowing you to focus on what matters most without the stress of overwhelming debt. And don't forget about our Credit Cards with Rewards, which not only help you build credit but also earn rewards on your everyday purchases.
Digital & Online Banking
At Commonwealth, we understand that your time is valuable, and managing your finances shouldn't be a hassle. That's why we offer a range of digital and online banking services designed to provide you with convenience, security, and control over your financial life. With our 24/7 online banking services available, you can access your accounts anytime, anywhere. Whether you're checking your balance, transferring funds, or paying bills, everything is just a few clicks away. And if you prefer managing your finances on the go, our mobile application makes it even easier. You can deposit checks, view transaction history, and handle daily banking tasks right from your smartphone. One of the standout features of our digital banking is the ability to send money easily with person-to-person transfers. Need to pay a friend back for lunch? With just a few taps, you can transfer money directly from your account without the need for cash or checks. We also offer e-statements, allowing you to receive your bank statements electronically rather than through traditional mail. This not only helps reduce paper waste but also gives you immediate access to your financial information whenever you need it. While we don't currently support electronic signature authorization, we're committed to keeping things secure and straightforward for our members. If you're someone who enjoys using mobile payments, you'll be pleased to know that at Commonwealth, we support this feature as well. It's an effortless way to make purchases without needing cash or cards just use your phone! Our commitment to accessibility ensures that managing your finances is as easy as possible. From real-time account management to various online tools tailored to fit your lifestyle, we strive to make banking simple and effective for everyone. Explore all these features and more today! Your financial journey has never been easier with the digital services offered by Commonwealth.
Financial Strength
At Commonwealth, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength with you, showcasing our commitment to providing exceptional service and support for your financial needs. With a net worth of $287,619,804, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.20% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $965,401,846 in share certificates and $222,402,007 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $277,904,161 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $18,914 in used auto loans and $1,838,796,165 in total loans and leases. Our operational efficiency is reflected in our $9,551,173, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 358 full-time employees and 17 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $1,403,159. Total Share Accounts: 327,896, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Commonwealth is your trusted partner. Visit us at 417 High St Frankfort Ky 40601 or call (502) 564-4775 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Loan Offering
Auto Loans
Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $376,673,196 in used vehicle loans and $174,811,253 in new vehicle loans already helping members get on the road. Whether you're considering a brand-new model or a reliable pre-owned vehicle, we've got financing options that fit your budget and needs.
Business Financing
For business owners, our outstanding commercial loans totaling $91,513,180 provide the capital needed to grow and expand your business. Whether it's for inventory purchases or operational expenses, we have tailored solutions to meet your commercial financing needs. At Commonwealth, we believe in making borrowing straightforward and accessible. If you're interested in refinancing any existing loans or exploring eligibility options for our various products, feel free to reach out to us directly. For more insights on our performance and financial data related to our loan offerings, you can visit the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward achieving your financial aspirations!
Mortgage Loans
Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $198,324,779, making buying or refinancing simple. We can guide you through the process and help you find the right plan for your situation.
Unsecured Credit Card Loans
We also offer flexible terms on unsecured credit card loans. With a total of $101,215,825 in loans helping members manage their finances effectively, our credit cards come with rewards and benefits designed to enhance your spending power without compromising your budget.
Loan Aggregator
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