Commonwealth, three other credit unions ranked among 200 healthiest in nation

August 30, 2021

Steve Rogers,

FRANKFORT, Ky. (WTVQ/Press Release) – DepositAccounts.com, a subsidiary of LendingTree, has released its list of the 2021 Top 200 Healthiest Credit Unions in America and Commonwealth Credit Union has once again been named on the list, earning the highest health grade.

Three other credit unions in the state — Transcend in Louisville, and C-Plant and Signet, both in Paducah — also are on the list and state’s credit unions overall are rated as healthy, according to the list.

“It is an honor for Commonwealth Credit Union to be recognized among the top 200 healthiest credit unions in America,” said Karen Harbin, President/CEO of Commonwealth Credit Union. “Being part of this list shows that our commitment to providing an extraordinary experience has resonated with our members. The trust they have placed in us as their financial institution is what makes this recognition possible.”

DepositAccounts.com evaluates the financial health of every federally insured bank and credit union in the United States 4 times throughout the year. To determine credit union ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios. Commonwealth Credit Union earned an A+ rating; the highest health grade given out by DepositAccounts.

“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”

This designation marks Commonwealth Credit Union’s sixth award of 2021. On June 17, their company was named as a best place to work in Kentucky for the third year in a row. Just a month later, they were named as the #1 Best-In-State Credit Union by Forbes and awarded Corporate Sponsor of the Year by Make-A-Wish of Ohio, Kentucky, and Indiana. Earlier this year, they won a Diamond Award, which is a national competition that recognizes and rewards creative excellence in credit union marketing. They were also the recipients of the YMCA of Central Kentucky’s Community Impact Award.

For a complete listing of the 2021 Top 200 Healthiest Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx.