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  4. Commonwealth Credit Union
EIN 36-2424927

Commonwealth Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
34
City
Bourbonnais
State
Illinois
Year formed
1951
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
CommonWealth Credit Union (CWCU), a multi-site, full-service financial cooperative, is a community chartered to serve anyone who lives or works in Kankakee, Ford, Iroquois or Will Counties.
Total revenues
$4,135,024
2022
Total expenses
$3,437,216
2022
Total assets
$118,201,063
2022
Num. employees
34
2022

Program areas at Commonwealth Credit Union

Commonwealth Credit Union serves members in kankakee, ford, iroquois, grundy, kendell, livingston and will counties in Illinois by providing low cost financial services.

Personnel at Commonwealth Credit Union

NameTitleCompensation
Raeann LovePresident and Chief Executive Officer and Treasurer$166,089
Todd MeierVice President of Lendin$135,827
Betty DrechselSecretary$0
John BrackVice Chairperson$0
Kenneth TousignantChairperson$0
...and 1 more key personnel

Financials for Commonwealth Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$3,521,269
Investment income and dividends$388,512
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$225,243
Total revenues$4,135,024

Form 990s for Commonwealth Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-04-10990View PDF
2021-122022-05-16990View PDF
2020-122021-04-05990View PDF
2019-122020-09-30990View PDF
2018-122019-12-27990View PDF
...and 8 more Form 990s

Organizations like Commonwealth Credit Union

OrganizationLocationRevenue
Foundation Credit UnionSpringfield, MO$2,698,734
Infuze Credit UnionWaynesville, MO$19,866,849
Alden Credit UnionChicopee, MA$7,263,216
Cooperativa de Ahorro Y Credito HatilloHatillo, PR$7,701,719
Greater Kentucky Credit UnionLexington, KY$5,100,885
Minnequa Works Credit UnionPueblo, CO$7,236,388
Kansas Teachers Community Credit UnionPittsburg, KS$4,648,197
Cornerstone Credit UnionFreeport, IL$6,965,510
CSD Credit UnionKansas City, MO$2,351,686
Illinois Valley Credit Union (IVCU)Peru, IL$1,872,703
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 11, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
April 29, 2021
Posted financials
Added Form 990 for fiscal year 2018
November 2, 2020
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 380
Bourbonnais, IL 60914
Metro area
Kankakee, IL
County
Kankakee County, IL
Website URL
cwcu.com/ 
Phone
(815) 937-7447
Facebook page
CommonWealthCU 
Twitter profile
@commonwealthcu1 
IRS details
EIN
36-2424927
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1951
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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