Commonwealth Central Credit Union Morgan Hill CA | Best Auto Loans & Business Banking

Introduction

Welcome to Commonwealth Central, your trusted financial partner located at 400 Tennant Sta, Morgan Hill, CA 95037. Since our establishment in 1958, we have been dedicated to serving our community with a range of financial services designed to meet the needs of our 39,514 members. With total assets reaching an impressive $608,112,724, we pride ourselves on being a stable and reliable resource for all your banking needs. At Commonwealth Central, we understand the importance of making informed financial decisions. That's why we offer a variety of services including personal and business banking solutions, auto loans, mortgages, and credit cards with rewards. Whether you're looking to save for the future or finance your next big purchase, we are here to help you every step of the way. Our commitment to our members is further reflected in our strong financial standing: we hold total deposits of $70,568,147 and maintain a net worth of $80,011,812. With 96 dedicated employees working tirelessly to provide exceptional service, you can count on us for personalized support tailored just for you. Led by our CEO, Viktoria Earle, and Board President Larry Chambers, our team is passionate about fostering long-term relationships with our members. We believe that trust and transparency are key in building these connections. If you have any questions or need assistance, don't hesitate to reach out! You can call us at (408) 531-3800 during our operating hours: Monday - Thursday from 9 AM to 5 PM, Friday from 8 AM to 6 PM, and Saturday from 9 AM to 2 PM. We invite you to visit us at Commonwealth Central where your financial journey begins. Explore all that we have to offer on our website at www.wealthcu.org. Your future awaits!

Branch History & Mission

Join Us

We invite you to experience the benefits of membership at Commonwealth Central. Whether you're looking for reliable banking solutions or seeking a community-focused financial partner, we are here for you every step of the way. Visit us today or learn more about joining by checking out our website at Commonwealth Central. Together, let's build a brighter future for you and our community!

Our Evolution

Located at 400 Tennant Sta, Morgan Hill, CA 95037, Commonwealth Central has grown significantly since its inception. With total assets now reaching an impressive $608,112,724, we have expanded our services to meet the diverse needs of our members. Over the years, we've introduced various financial products including personal banking accounts, auto loans, mortgages, credit cards with rewards, and business banking services. As technology advanced, so did we. Our digital offerings now include online and mobile banking for easy access to your accounts anywhere you go. We prioritize convenience while ensuring that all our platforms are ADA compliant and user-friendly.

Our Mission

At Commonwealth Central, our mission is simple: to empower our members by providing exceptional financial services while fostering community engagement. We believe that by helping individuals achieve their financial goals whether it's buying a home or starting a business we contribute to the overall well-being of our community. Our commitment extends beyond banking; we actively engage in local outreach efforts and partnerships that benefit various community initiatives. By supporting local organizations and events, we strive to make a positive impact on those around us. While you can visit us at our branch for personalized service during our operating hours Monday through Thursday from 9 AM to 5 PM, Friday from 8 AM to 6 PM, and Saturday from 9 AM to 2 PM official correspondence should be sent to the same address. You can also reach us anytime at (408) 531-3800 for any inquiries or assistance.

Branch Location & Accessibility

Additional Features

Although we don't offer drive-thru banking or shared service centers at this location, our staff is always ready to assist you inside the branch. You'll find a welcoming atmosphere where you can ask questions and learn about all the ways we can help you achieve your financial goals. We invite you to visit us at Commonwealth Central! If you have any questions or need assistance before stopping by, don't hesitate to give us a call at 408-531-3800. We look forward to serving you!

Operating Hours

At Commonwealth Central, we understand that life can get busy. That's why we offer flexible banking hours to fit your schedule. You can visit us Monday through Thursday from 9 AM to 5 PM, Friday from 8 AM to 6 PM, and Saturday from 9 AM to 2 PM. We're here when you need us!

Services Offered

Our team is dedicated to providing a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we have solutions designed just for you. Plus, with ATM availability right on site, accessing your funds is quick and hassle-free.

Member Eligibility

Welcome to the vibrant community at Commonwealth Central, where becoming a member means joining a supportive family focused on your financial well-being. If you live, work, worship, or attend school in the area around Morgan Hill, you're likely eligible to join us! We embrace individuals from all walks of life, and our goal is to make banking accessible and friendly for everyone. For detailed eligibility criteria, feel free to check out our resource at https://www.wealthcu.org/membership. Once you discover that you're eligible, opening an account with us is simple and straightforward. You can start the process by visiting our website at https://onlinebanking.wealthcu.org/wealthcuonline/sdk/autoenrollmente2e/accountrecovery, where you'll find easy-to-follow instructions. If you have any questions or need assistance along the way, don't hesitate to reach out at (408) 531-3800. Join us at Commonwealth Central located at 400 Tennant Sta Morgan Hill Ca 95037, and let's embark on a journey towards achieving your financial dreams together!

Business Banking & Commercial Services

Business Loan Options

Imagine your business finally taking that next step expanding your services, hiring new employees, or upgrading equipment. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $75 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced world, smooth transactions are essential. Our merchant services allow you to accept payments easily, whether online or in-person. This means quicker sales and happier customers, helping your business grow without the hassle. Located at 400 Tennant Sta Morgan Hill Ca 95037 in Morgan Hill, CA, our team is ready to assist you with personalized service that focuses on your unique needs. Contact us at (408) 531-3800 to learn more about how we can support your business journey!

Comprehensive List Of Services

Accessibility

Our branch hours are designed with your schedule in mind: Monday through Thursday from 9 AM to 5 PM, Friday from 8 AM to 6 PM, and Saturday from 9 AM to 2 PM. You can reach us at 408-531-3800 if you have any questions or need assistance. At Commonwealth Central, we're more than just a financial institution; we're a community partner committed to helping you succeed financially. Explore all the possibilities with us today! To learn more about our services or open an account online, visit our website or drop by our branch in Morgan Hill!

Business Banking Services

We also cater to local businesses with our dedicated business banking services, including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we have solutions that can help fuel your growth.

Credit Card Options

For those who enjoy rewards for their purchases, check out our credit cards with rewards. Every swipe brings you closer to exciting benefits, making your spending work for you.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking features that allow you to manage your accounts anytime, anywhere. With our mobile app, you can make payments, check balances, and even transfer money between accounts all from the palm of your hand! Plus, our ATM services ensure that cash withdrawal is just around the corner.

Personal Banking Solutions

When it comes to managing your everyday finances, we offer checking and savings accounts designed to fit your lifestyle. Imagine having a checking account that provides easy access to your funds while earning interest it's all possible with us! If you're considering a new vehicle, our auto loans and vehicle financing options make it simple and affordable. We understand that buying a car can be overwhelming, which is why our team is here to guide you through the process. If home ownership is part of your dream, look no further than our mortgage loans and refinancing options. We can help you secure the best rates available so that you can own your home sooner rather than later. Additionally, if you find yourself needing some extra cash for unexpected expenses or consolidating debt, our personal loans are designed to provide flexibility and peace of mind.

Digital & Online Banking

Key Features

With our online banking service, you can check balances, transfer funds, and pay bills all from the comfort of your couch or while waiting in line. Plus, we offer electronic signature authorization, making it simple for you to sign important documents without needing to visit a branch. For those who prefer a paperless approach, e-statements are available, allowing you to receive your account statements electronically, which helps keep your personal information secure. Managing payments has never been easier with our mobile payments feature. You can make purchases directly from your smartphone and enjoy the convenience of person-to-person transfers sending money to friends and family is just a few taps away! Our dedicated mobile application makes these tasks even simpler, so whether you're running errands or relaxing at home, you can stay connected with your finances effortlessly.

Security and Convenience

Security is a top priority for us at Commonwealth Central. We use advanced technology to protect your information every step of the way. With real-time account management features, you'll have peace of mind knowing that you can monitor your transactions whenever you need to. Embrace the future of banking with us! Experience how easy it is to manage your accounts online or via our mobile app today. If you have any questions or need assistance, feel free to reach out at (408) 531-3800. We're here to help!

Financial Strength

Member Savings and Investments

Members' savings are secured through $52,319,703 in share certificates and $76,366,027 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our financial success is further highlighted by our net income of $5,953,940, which reflects our operational efficiency. This enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 96 full-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Our Financial Health

With a net worth of $80,011,812, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.15% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Reinvesting in Our Community

With $73,486,635 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to our community is reflected in our lending capacity as well. We have provided $38,990,360 in used auto loans and an impressive total of $484,405,680 in loans and leases to support your financial goals across various sectors.

Trustworthy Partnerships

We strive to build trust with every interaction. Currently serving over 39,514 members, the total share accounts stand at 68,388, showing a strong and growing member base that trusts us with their finances. The funds available for lending and investments amount to $0 in net shares. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Commonwealth Central is your trusted partner. Visit us at 400 Tennant Sta Morgan Hill CA 95037 or call 408-531-3800 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $69,820,360 in used vehicle loans and $25,560,608 in new vehicle loans already helping members get on the road. Whether you are eyeing a brand-new ride or a reliable pre-owned vehicle, our flexible financing options make it easier for you to drive away happy.

Contact Us

Our branch located at 400 Tennant Sta Morgan Hill Ca 95037 is here to serve you. You can reach us at (408) 531-3800 during our operating hours: Monday - Thursday from 9 AM to 5 PM, Friday from 8 AM to 6 PM, and Saturday from 9 AM to 2 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how our loan offerings can empower your financial journey today!

Credit Lines and Personal Loans

If you're seeking additional financial flexibility, we provide access to credit lines with a total of $130,644,918 available. These lines can serve as a safety net for unexpected expenses or larger purchases. Furthermore, our unsecured credit card loans total $14,537,195, allowing members to manage their finances effectively while earning rewards on their purchases.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $123,550,630, which can help you secure the perfect home for you and your family. Our experienced team is here to guide you through the process and answer any questions you may have.

Refinancing Options

For those considering refinancing existing loans or exploring eligibility options for new financing solutions, our team at Commonwealth Central is ready to assist. We will work closely with you to determine the best path forward based on your unique situation.

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