Instead of relying on credit cards to pay for bills to pay for the next holiday, with this account, members are prepared and have cash in hand. Each month, money is deposited into the Holiday Club account and accrues interest monthly at a great rate. Then in November, those funds are transferred out of the Holiday Club account and placed into the member’s CommonWealth One checking account.
CommonWealth One holds true to the core credit union philosophy of "people helping people" - providing members with loans, savings plans, and special services to achieve their long-term financial goals and help them enjoy a better way of life as a lifetime member. Excess earnings are returned to members in the form of higher dividend rates, lower interest rates on loans and low or no fees. CommonWealth One also places critical importance on helping their members achieve financial independence and improve their standard of living through its products, services, commitment to financial education and community involvement. By promoting financial education and literacy to its members, CommonWealth One ensures that its members can make strong financial choices throughout their life.
CommonWealth One has a long history in the Washington, D.C. area and in headquartered in Alexandria, VA. CommonWealth One has two branches in Harrisonburg, VA (with a branch located at James Madison University) and one in Front Royal, VA. Since 1944, CommonWealth One Federal Credit Union has grown to become one of the region’s top credit unions with over $288,463,113 million in assets serving more than 36,733 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members. For more information, please visit www.cofcu.org.
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CommonWealth One serves members in Washington DC, Northern Virginia, Front Royal and Harrisonburg. We offer a wide range of financial services, such as Checking Accounts, Mortgages, Loans, Auto Loans, Savings Accounts, Money Market accounts, IRAs, more!