# COMMONWEALTH
Frankfort, KY · NCUA charter 61437 · asset band $1-10B · latest filing 2024-12 · stopped filing after 2024-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/commonwealth-61437

Who the members are: state charter, organized 1951, low-income designated. 127,640 members of 1,876,865 potential (6.8% of the field); checking penetration 63% (share draft accounts per 100 members); loans per 100 members 86.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.48B |
| Members | 127,640 (3.2% YoY) |
| Full-time staff | 357 |
| Net worth | $282.0M |
| Net worth ratio | 11.4% (p62 of band) |
| ROA (annualized) | 1.16% (p90 of band) |
| Total delinquency | 0.70% (p53 of band) |
| Net charge-offs (annualized) | 0.66% (p67 of band) |
| Loans / shares | 85% (p39 of band) |
| Cash / assets | 11.0% |
| Borrowings / assets | 2.83% |
| Net interest margin | 3.06% (p58 of band) |
| Operating expense / assets | 3.13% (p52 of band) |
| Vehicles % of loans | 30% (p56 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 79% |
| Third-party paper % of net worth | 179% (p58 of band) |
| Vehicle delinquency | 0.81% (p57 of band) |
| Vehicle NCO | 1.10% (p66 of band) |
| Repossessed % of vehicle book | 0.09% (p58 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 44% |
| Core shares % of member funds | 44% |
| Certificates % of member funds | 43% |
| Average share balance | $6,597 |
| Participations bought / yr | $15.4M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 86% |
| Loans granted per 100 members, annualized | 20% |
| Average loan balance | $16,512 |
| Loans granted, annualized | $633.9M |

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | expense trap, charge-offs p90 |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 0 |  | expense trap, charge-offs p90, net worth falling |
| 2017-03 | 1 | charge-offs p90 |  |
| 2017-06 | 2 | 3rd-party paper>100% NW |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | expense trap |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 2 |  | expense trap |
| 2018-12 | 2 | net worth falling | charge-offs p90 |
| 2019-03 | 4 | expense trap, charge-offs p90 |  |
| 2019-06 | 2 |  | net worth falling, expense trap |
| 2019-09 | 1 |  | charge-offs p90 |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | net worth falling |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | delinquency rising | net worth falling |
| 2023-03 | 1 |  | delinquency rising |
| 2023-06 | 2 | delinquency rising |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 | net worth falling | delinquency rising |
| 2024-03 | 2 | delinquency rising | net worth falling |
| 2024-06 | 2 |  |  |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 2 | net worth falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-05 [Backroads to Better Money with Commonwealth Credit Union - September - LEX 18 News](https://news.google.com/rss/articles/CBMivAFBVV95cUxNM0cxbUlRMjdtNWpybF8xOFdOUFdUVUtkMTFfRDE4RUtaUDRfTWU3T3BneGdyaDJmcEVFOHh3Uml2UXV0Szg0WmI4VmM2T3ZpUHpBdUp3UkYyVFhJOWF6UmJZREV0TmhEM1ZDbngyMmR5cEEzN3dRRmg1YXN5S3hWejBJdi1mUXFpWWdCUjFPRVZ5a2ZEVEU5eTh1SWlFZzdHVEViSldIalg0UnpfU0tOQXJtYjdGMlMxcGFTbw?oc=5) · LEX 18 News
- 2026-09-04 [Commonwealth Credit Union, Lexington Sporting Club share winning habits for financial success - LEX 18 News](https://news.google.com/rss/articles/CBMi0wFBVV95cUxOczFKVHFrZ3ROVGNzZ2VOZWx4LWpiMWNSdFN5QTZCYnBUbDdWWWpjLWpaYl9JUFdEX0FjZm0wMmdjTzI0UEJpTXZHNmd1VjNIU1VsX09ydTZ1MXVaNEpMVGdGdm1RdG5QdmhxemhUTU1qTlFsWnRHd1RLdk5YNjZQbTFLOE82eGJ2eDBLSHlZcUtDNFZkNWptMmRlOGd4WjA2eE1PQnRNSnNOV1FEQjVub1VOQVI2dFRFLXkwUmVMczczTGcwbHBUUWU5UUhWRVhDRDFr?oc=5) · LEX 18 News
- 2025-12-04 [Holiday spirit takes over downtown as Lexington’s parade returns Dec. 6 - UKNow](https://news.google.com/rss/articles/CBMipgFBVV95cUxNdkY2eFVWVk5VR2pjQktBOTVVbl9IcFJsRTA0amVOalVFaG5fODNFOVlYbDkyWkJUekF0Y2djMWwwNUQyVi1nRVcyUWowM2pwU1FtSGZLc0NEWGRSSHAwZDc4VUZoVHNmalk2TmtrQ0lGRWQ4Rlh3a3ZrU2hsRjZrWndaR1VHcjVNNVd0S1BpUUIyaHc4VTc2ejlaTENrU1lROFVlSXdB?oc=5) · UKNow
- 2026-04-04 ['Backroads to Better Money' with Commonwealth Credit Union - LEX 18 News](https://news.google.com/rss/articles/CBMirwFBVV95cUxNVGlNVmt3WHVGY054SUNZT2I5UUxuX25UVWh3eG5WVmZfZ3pRaTJHY2Rpck9jbnMzX0Q0a2ZPbWdzLUFiOXhSZ3cxRnREWFNFa2QtaE5SUHllbkp3X3RYZm1vWkduLWJ4dFMxQS10MjZrQnBveG5XNFByVjJWUkV5d3REMVBTdngteVo1a1JyWW5YWVprV2ZzSWRybzNoZTQ0NGZwaGRVUmlZalpQalRj?oc=5) · LEX 18 News
- 2023-07-12 [Commonwealth Credit Union ends UofL partnership - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNZUFNbHVMWU1PZjFZNXlCNnMySldycDVRV3pxaWJ6VVUwT2dnUGt4ZnlXTzFFY3ozZDhYOTRQLWhRb2RYWDc2VndzZ3hFRFlNSmo3d2FKV1NCX053UnRacEJtQUlsek43VDQ3X3BIRjNmanVucXFLZG1yZFpJWWN0aHBiRHZURGJFd3JrdXlTNkRSWWtLTV9hRHZTVTQzZUNNVFc3dVhkQXZ1UXM?oc=5) · The Business Journals
- 2024-08-15 [Commonwealth Credit Union gift bringing simulation lab to Baptist Health Richmond - The Lane Report](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOV2huUDlsMFNNelBWYVAwQzRDM3p1RUxDWjBmM2VlNS0yTFRRYkxXZy1aU0N4R0FUVXFEdXk0QjB1SUhtS2cwaV9ZTDVfU0hFdU9KRGFPcHpnTE90NFVGUVRuQVhLMjVsdGQxam16emo1ZFNrSUdmLWU2RDRQU2J2NXVuMXkta0ZYZnVfR0pzdUJhTDE4bENRTjVRemJTYkJIbm5keGs2ZWR6ZkpRUlJuMEc0OERQb1NSVTdNLXlXWnlDQQ?oc=5) · The Lane Report
- 2023-12-07 [UK Sports Network Launches “Big Blue Brew” Presented by Commonwealth Credit Union - ukathletics.com](https://news.google.com/rss/articles/CBMivAFBVV95cUxPeHcxeHBmcnVRV0tCdXB1VDBJaDg1QnBOX3dQWl8xZHpPckR5ZHFGVkVaY1loUjM3MXFod3VXbXlZdXhXa05SV3Qwd2E4NmpGWHIxcWhuaWtkZ1luRXFlRTEyd1hteXgxd0ZhU3NhbDEwUnFkQWJ2MFhsUk0wbTZVS0xJdm1GTVA1YlgzaUdKb3VSZnZjQVFiOEsyNVdIYjA0Z1QxZ1RNYmZEbUt4RnRhLUk3YmlaSE1ib25Fcg?oc=5) · ukathletics.com
- 2025-06-05 [CCU expands commitment to Eastern Ky. with enhanced services, community focus - State-Journal](https://news.google.com/rss/articles/CBMiswFBVV95cUxNeGwyek83OC1VUXRGeVR5TTM1c3ZEV0VOR1JWRV9OV2t6YnhfdmpYZnFYcDJxZTlmT0k2eVFndW0wUTZTcUhxQ29oenRMem42QnUzRzhBTy1QVWhTWDgzaGJRV1A5RGV1NHdFendRaUlRU0lyakxCSVlxWDQxTUxESnhLdWd3WkI3QXZUY2hpTjVUcW1LdDBkZHd5MlFVTGVKNVBfVkNTb09tNm9XczBZNFB2Yw?oc=5) · State-Journal

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=61437 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/61.json (key "61437", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=61437
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide