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Message From CommonWealth One FCU
The community-focused credit union you know today was established in the midst of World War II with an all-volunteer staff to serve 94 members. That was 1944 when we were chartered as Army Air Force Annex #1 Credit Union. Since then, we have grown into a full-service financial institution supporting more than 37,500 members and holding more than $440 million in assets with branches in Alexandria, VA, Washington, D.C., and Harrisonburg, VA. Through the decades, we have remained committed to our mission of helping members achieve their long-term financial goals and enjoy a better way of life. We're here to be your lifetime financial partner, providing loans, savings plans, special services and so much more. CommonWealth One FCU is different from a bank because we're a not-for-profit financial cooperative owned and controlled by its members. That means we answer to you, not shareholders. It also means we're able to charge lower fees and offer better rates on loans and deposits compared to other financial institutions. Plus, we're committed to giving back to the communities where we work and live. Like all credit unions, we are regulated by the National Credit Union Administration (NCUA), a federal agency. Your deposits are insured up to at least $250,000 and backed by the full faith and credit of the United States government.
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