Overview

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Est.

1951

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Commonwealth Credit Union is a nonprofit organization focused on building lifelong relationships with its members through credit union services. With an operating budget of $4.6 million and total revenue of $5.9 million for the 2024 filing year, it demonstrates a commitment to financial sustainability. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at http://cwcu.com.

Mission Statement

COMMONWEALTH CREDIT UNION, BUILDING LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME.
Revenues
$5.9M
Expenses
$4.6M
Net Income:
+$1.3M
Assets
$118.3M
Liabilities
$104.1M
Net Assets:
+$14.2M
Operating Budget
$4.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$31.5K
Largest grant received
$31.5K
C
Cheryl O'BRIEN
Board Member
K
Kenneth Tousignant
Board Member
B
Betty Drechsel
Board Member

Frequently Asked Questions

What is COMMONWEALTH CREDIT UNION’s budget?
In 2024, COMMONWEALTH CREDIT UNION reported an annual operating budget of around $4.6 million. More detailed financial information is available to registered users.
What causes does COMMONWEALTH CREDIT UNION support?
COMMONWEALTH CREDIT UNION supports work in Credit unions.
Where does COMMONWEALTH CREDIT UNION operate?
COMMONWEALTH CREDIT UNION is headquartered in BOURBONNAIS, IL.
Who funded COMMONWEALTH CREDIT UNION recently?
In 2024, COMMONWEALTH CREDIT UNION received grants from ILLINOIS CREDIT UNION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant COMMONWEALTH CREDIT UNION received in 2024?
The largest grant to COMMONWEALTH CREDIT UNION in 2024 exceeds $32 thousand.