The board of directors, staff, and public were on hand for the dedication and to pay tribute to Mr. Blair and thank him for the groundwork he put in place to maintain CommonWealth One’s position as a premier financial institution members can depend on now and long into the future. The Harrisonburg Regional Branch was dedicated to John Blair in honor of his hard work and commitment to not only CommonWealth One but also to the entire credit union industry. This building will now be known as the John Blair Building.
John Blair began his credit union career in 1977 as a branch manager at Xerox Federal Credit Union in Rochester, New York (now Xceed Federal Credit Union). After 17 years at Xceed Federal, John became President/CEO of CommonWealth One Federal Credit Union in Alexandria, Virginia, a position he held for 18 years.
Mr. Blair guided CommonWealth One smoothly forward into the 21st century. He recognized the importance of developing relationships with select employee groups as well as communities the credit union served to ensure steady, sustained growth. CommonWealth One now serves over 200 select employer groups (SEGs), as well as 4 under-served communities, providing credit union services and benefits previously unavailable to those employees and communities.
He was also instrumental in creating numerous credit union service organizations (CUSOs). Today, CommonWealth One is one of the leading credit unions offering collaborative CUSO solutions in loans, investments, and delivery systems that benefit its members. And through careful analysis and due diligence, Mr. Blair guided CommonWealth One through five successful mergers since 1994, the most recent merger was with the City of Alexandria Employees Credit Union.
John Blair was active in numerous national industry organizations, including Credit Union Executive Society, Credit Union National Association, and National Association of Federal Credit Unions, as well as local and regional roundtables and networking forums, including the Chamber of Commerce and Rotary Club.
About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union, headquartered in Alexandria, VA, has grown to become one of Washington, D.C. and Northern Virginia’s top credit unions with more than $301 million in assets serving more than 36,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members. It provides its members with lower fees and loan rates, plus higher savings rates. 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 has branches in downtown Washington, D.C., Alexandria, VA, and Harrisonburg, VA (one branch is located on the James Madison University campus). Members can access their accounts through Online Banking, Mobile and Text Banking, plus a network of over 6,700+ shared branches and 43,000+ transaction-