Commonwealth One Federal Credit Union
Po Box 9997
Alexandria, VA 22304
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2023 Overview
General Credit Union Information
Commonwealth One is an NCUA insured institution located in Alexandria, VA. It was founded in 1944 and has approximately $507.15 millions in assets.
Who can join?
You are eligible to open an account if you qualify for membership. Here is how...
Anyone who lives, works, worships, goes to school, or volunteers in the following areas is eligible for membership:
• Washington, DC;
• City of Harrisonburg, VA;
• Warren County, VA;
• Clarke County, VA;
• City of Alexandria, VA. (specific areas)
If you are an employee with one of the 200 plus sponsor groups, you are eligible to join or you can apply to have your company become a Sponsor Group of CommonWealth One.
If you are a family member of any of the above, you are eligible to join! When applying, be sure to indicate family member eligibility on your application. Family members are defined as;
• spouses,
• children,
• siblings,
• parents,
• grandparents,
• grandchildren,
• and those persons living in the same household and maintaining a single economic unit.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5134 |
| Date Established | 1944 |
| Assets | $507.15 million |
| Loans | $329.49 million |
| Deposits | $438.32 million |
| Capital | $46.60 million |
Field of Membership Restrictions
Deposit Rates - March 29, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.07% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
2.25% | $500 | $14,999 |
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|
| 12 Mo CD
|
2.89% | $1,000 | $14,999 |
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|
| 12 Mo CD
|
2.99% | $100,000 | $199,999 |
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|
| Special: 15 Mo CD
|
2.33% | $50 | - |
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|
| 18 Mo CD
|
2.99% | $1,000 | $14,999 |
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|
| 18 Mo CD
|
3.05% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
4.20% | $1,000 | $14,999 |
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|
| 24 Mo CD
|
4.30% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
3.15% | $1,000 | $14,999 |
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|
| 36 Mo CD
|
3.25% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
3.15% | $1,000 | $14,999 |
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|
| 48 Mo CD
|
3.61% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
3.82% | $1,000 | $14,999 |
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|
| 60 Mo CD
|
3.92% | $100,000 | $199,999 |
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|
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Special: 15 Mo FIRA
|
2.33% | $50 | - | Learn More |
Loan Rates - March 29, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for Commonwealth One
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1907 |
6.415% | 6.250% | 0.75 | $4,375 | $1,540 | Learn More |
NMLS ID: 3030 |
6.770% | 6.625% | 1.00 | $3,750 | $1,601 | Learn More |
NMLS ID: 3030 |
7.010% | 6.875% | 0.88 | $3,438 | $1,643 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
5.977% | 5.875% | 0.75 | $2,778 | $1,479 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR 7.490 % After Intro: 8.500 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Third Federal Savings and Loan See Table |
6.990 %
|
$0 |
Learn More
More Info |
Note to Commonwealth One
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Commonwealth One branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
COMMONWEALTH ONE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Commonwealth One Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Commonwealth One. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Commonwealth One | U.S. Average |
|---|---|
| 3.87% | 4.63 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of September 30, 2022, Commonwealth One had $1,695,367 in non-current loans and $184,734 in owned assets. To cover these potential losses it had $46,598,142 in net worth and $1,983,757 in loans loss reserves. That gives it a Texas Ratio of 3.87%.
Net Worth
| Commonwealth One | U.S. Average |
|---|---|
| 9.19% | 12.52% |
Commonwealth One FCU has a net worth of 9.19% versus the BestCashCow average of 12.52. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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