Business Spotlight
Commonwealth Credit Union
Writer / Gavin LaPaille
Photography Provided
Commonwealth Credit Union (CCU) has been supporting Kentucky families since 1951. With 17 branches across central Kentucky and Louisville Metro, CCU takes pride in serving its members.
“We are all about bettering the lives of our members and their families,” says Glenn Griffin, CCU operations regional manager. “We are about financial empowerment and education. We want our members to understand what they’re doing and how it impacts their home and family.”
CCU offers a variety of financial services including savings, checking and retirement accounts, credit cards, and loans for home and auto. Membership is open to anyone who lives, works, worships, attends school or volunteers in 25 different Kentucky counties, including Jefferson, Bullitt, Oldham and Shelby.
“We’re definitely not your typical bank,” Griffin says. “We like to take a hands-on approach with our members. We like to get to know them and build relationships. We offer pretty much every financial service you could want.”
Within the Louisville area, CCU has branches in St. Matthews, NuLu, downtown, Shively and the University of Louisville. A new branch will open in western Shelby County this summer that could be of great use for those who commute to and from that area.
“We did a branching study and looked at some of the big businesses between St. Matthews and Shelbyville to see where a lot of people who work in those big factories live and vice versa,” Griffin says. “We found that Shelby County was a really good go-between for some of those folks.”
CCU is backed by the National Credit Union Administration, which federally insures savings to at least $250,000. In addition, CCU purchases additional insurance through Excess Share Insurance, which adds $100,000 in protection for its members. Griffin says everyone should feel secure having their money at CCU.
“From a 10,000-foot view, credit unions differ because we’re not for profit,” Griffin says. “We know our members and if we don’t know you from day one, we’re going to get to know you. When we sit down and interview you for a loan, it’s not just to determine if you qualify for that loan, it’s if we can get you a lower rate on other loans elsewhere so we can save you money. We’re trying to understand your whole picture so we can make your life better.”
Griffin says to check CCU’s products regularly, as there are always updates to services and rates to better fit the community’s needs.
“We want to ensure we are offering what is beneficial to you and your family,” Griffin says. “We do a lot of giveback and love
participating in every community we’re in. These are our homes and neighbors and friends. It’s a really unique experience to be part of a credit union.”
800-228-6420
