For the past seven decades, Commonwealth Credit Union has faithfully served its members and the community as a whole. To celebrate this exciting 70-year milestone, they have chosen to engage in 70 acts of service. For example, during the month of April, they held a toy drive that benefitted the Make-A-Wish Foundation. In May, they offered a Shred Day at their Frankfort branch so community members could safely dispose of sensitive documents for free. They’ve also collected nonperishable foods to donate to local charities. This month they are partnering with the American Red Cross for a blood drive.
“As a financial institution, we are highly concerned with money, obviously,” says Bethany Yates, branch manager. “It’s what we do, but it’s not what we are about.”
That’s why during the height of the COVID-19 crisis, Commonwealth Credit Union served meals to area first responders and law enforcement.
An active and integral member of the Chamber of Commerce, the team at Commonwealth Credit Union continues to partner with the Chamber for large virtual events when in-person options are not viable.
“Before the pandemic, we thrived being around one another in this community, making time for events before and after the 9-to-5 work week,” Yates says. “While we couldn’t do that during COVID-19, we wanted to be sure we were still supportive so we focused on other community initiatives and partnerships.”
“We’re really committed to helping educate and empower people in their community,” Yates says. With a strong commitment to financial empowerment, the team at Commonwealth Credit Union has partnered with Norton Healthcare Sports & Learning Center in conjunction with the Louisville Urban League to build customized financial education curriculums for the staff and participants on-site. They will not only provide regular financial success classes, but also a broad range of financial empowerment class topics. These include budgeting and savings, being a homeowner, and everything in between.
In addition, Commonwealth Credit Union has partnered with the University of Louisville to break the cycle of hunger via the Cardinal Cupboard, a student-run food pantry located on the University of Louisville’s campus that benefits students, faculty, staff and community members who need toiletries and/or food. Though it was created well before COVID-19 existed, increasing numbers of people are taking advantage of the service given the trickle-down effects of a global pandemic.
“Your part-time workers are probably the first ones to be cut when it comes to job loss as a result of COVID-19,” says Glenn Griffin, regional manager.
“Commonwealth Credit Union has gifted $1,000,000 so these students can continue to have the space to operate this cupboard.”
Located on Frankfort Avenue, the lobby of Commonwealth Credit Union has been open to the public since May of 2020. Though they are eager to serve customers in person with safety protocols in place, including masks and social distancing maps on the floor, the staff members understand why some prefer to still go the virtual route for the time being. That’s why they’re proud to offer Live Video Tellers at nearly all of their branches, so you can speak directly to a Commonwealth Credit Union teller without ever leaving your vehicle.
“We are eager to serve the St. Matthews members and grow those relationships in the community,” says Yates, noting that Commonwealth Credit Union has both a robust commercial lending department as well as strong relationships with local businesses – especially small boutiques and shops. “We invite people to give us an opportunity to serve them and make a difference in their lives.”