Commonwealth One Credit Union Alexandria VA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Commonwealth One, your trusted financial partner located at 6201 Richmond Hwy, Alexandria, VA 22303. Since our establishment in 1944, we have proudly served our community, helping over 38,127 members achieve their financial goals. With total assets exceeding $565,724,024 and total deposits of $30,613,858, we are dedicated to providing personalized banking solutions that truly meet your needs. At Commonwealth One, we understand the importance of building lasting relationships with our members. Our experienced team, led by CEO Frank Wasson and Board President Rupert Jennings, is committed to ensuring that every interaction is positive and productive. Whether you're looking for a new auto loan from our portfolio of over 20,448 loans and leases, or seeking assistance with personal or business banking services, we are here to support you every step of the way. For your convenience, while you can visit us at our branch for all your banking needs, official correspondence should be directed to the same address: 6201 Richmond Hwy, Alexandria, VA 22303. We invite you to explore our wide range of services including checking and savings accounts, credit cards with rewards, mortgage loans, and much more all designed to help you manage your finances effectively. With a net worth of $46,434,353 and cash in hand amounting to $3,336,406, Commonwealth One stands strong as a reliable financial institution ready to assist you. Our commitment goes beyond just numbers; it's about making a real difference in the lives of our members. Ready to take the next step? Feel free to reach out at 703-768-7000 or visit us online at www.cofcu.org for more information. Join us today and experience the benefits of being part of the Commonwealth One family!

Branch History & Mission

Join Us Today!

As we look toward the future, Commonwealth One remains committed to your financial well-being and the prosperity of our community. If you're not yet a member, we invite you to join us and experience firsthand the benefits that come from being part of a credit union that truly cares about its members. For more information on how to become a member or open an account with us today, please visit our website or call us at 703-768-7000. Together, let's build a brighter financial future!

Our Evolution

From our humble beginnings more than seven decades ago, Commonwealth One has steadily expanded its services and offerings. We understand that every member's financial needs are unique. That's why we provide a wide range of personal banking options, including checking and savings accounts, auto loans, mortgage loans, personal loans, and credit cards with rewards. Our services are designed to help you achieve your financial goals while supporting the growth of our community. Our branch hours are conveniently set from 8:00 AM to 4:30 PM, Monday through Friday. While we do not have drive-thru banking available at this location, we ensure easy access to ATM services for all your cash withdrawal needs.

Our Mission

At Commonwealth One, our mission is clear: We are dedicated to empowering our members by providing accessible financial solutions that meet their needs while fostering a sense of community. We believe that strong communities lead to strong financial futures. This belief drives us to engage in various outreach efforts and partnerships within Alexandria and beyond. We take pride in being ADA compliant and continually strive for advancements in digital banking to enhance your experience. With online banking and mobile payment options available, accessing your accounts has never been easier or more convenient. We also emphasize the importance of community involvement through partnerships with local organizations that share our values. Together, we work towards creating opportunities for everyone in our neighborhood.

Branch Location & Accessibility

Operating Hours

We're open Monday through Friday from 8:00 AM to 4:30 PM. This schedule allows you to manage your banking needs during convenient hours that fit into your busy day.

Our Location

At Commonwealth One, we prioritize accessibility. Our branch is designed with features that make it easy for all members to visit us comfortably. You'll find ample parking right outside our doors, and our facility is ADA compliant, ensuring everyone can access our services without any hassle.

Services Offered

Our branch offers a range of personal banking services including checking and savings accounts, auto loans, mortgage loans, and credit cards that come with rewards. We also provide online and mobile banking options, making it easy for you to manage your finances anytime, anywhere. If you need cash quickly, you'll appreciate our ATM availability right on-site. While members can visit us at 6201 Richmond Hwy, official correspondence should be sent to the same address for convenience. If you have any questions or need assistance, don't hesitate to call us at 703-768-7000. We invite you to stop by and see how Commonwealth One can help you achieve your financial goals. Your satisfaction is our priority!

Member Eligibility

Joining the Commonwealth One community is more than just opening an account; it's about becoming part of a family that cares. If you're looking to become a member at our branch, located at 6201 Richmond Hwy, Alexandria, VA 22303, you'll find that eligibility is straightforward and welcoming. We invite individuals who live, work, worship, or attend school in our local area to join us. This means if you're connected to the vibrant community around Alexandria, you're likely eligible! Not only do you gain access to a variety of financial services tailored just for you, but you also become part of a supportive network that prioritizes your needs. Getting started is easy! You can check out the detailed eligibility criteria by visiting this link. When you're ready to open an account or have any questions, feel free to give us a call at 703-768-7000. We're here to help guide you through every step of the process. Welcome aboard!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $11 in non-member commercial loans, providing flexible financing solutions.

Merchant Services

Alongside our loan offerings, we provide merchant services that simplify transactions for your business. Picture this: accepting payments effortlessly from customers using various methods credit cards, mobile payments, and more. This not only enhances customer satisfaction but also boosts your sales potential. Located at 6201 Richmond Hwy Alexandria Va 22303 in Alexandria, VA, we're here to help local businesses thrive. Call us at (703) 768-7000 or visit our website at https://www.cofcu.org/ to learn more about how we can assist you on your business journey.

Comprehensive List Of Services

Business Banking

If you're a business owner, we have tailored solutions just for you! Our Business Banking services include Merchant Services & Business Loans, ensuring your business has the support it needs to thrive in today's market.

Digital Access and Convenience

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features. Manage your accounts from anywhere with ease whether it's checking balances or transferring funds on the go. Our ATM & Cash Withdrawal Services are also designed for quick access to your funds whenever you need them. At Commonwealth One, we're more than just a credit union; we're part of your community. With friendly service and an understanding of local needs, we strive to be your trusted financial partner. If you'd like to learn more about how we can assist you or if you're ready to open an account, give us a call at (703) 768-7000 or visit us online at Richmond Hwy Branch. Join us today and experience the difference that dedicated service can make!

Home Financing

For those considering home ownership or looking to refinance their existing mortgage, our Mortgage Loans & Refinancing services provide competitive rates and flexible terms. Our team is here to guide you through the process, making it as straightforward as possible.

Personal Banking

Whether you're opening your first checking account or saving for a dream vacation, our personal banking services are designed to help you manage your finances effectively. We offer Checking & Savings Accounts that cater to various preferences, ensuring you have the right tools to grow your savings. If you're thinking about buying a car, our Auto Loans & Vehicle Financing options make it easy to drive away in the vehicle you desire.

Personal Loans and Credit

Life can throw unexpected expenses your way. That's where our Personal Loans & Debt Consolidation come into play. We understand that sometimes you need a little extra help, and we're here to support you with financial solutions that work for you. Plus, don't forget about our Credit Cards with Rewards, which can add value every time you spend.

Digital & Online Banking

Mobile Banking Features

Stay connected on the go with our mobile application! Whether you're out running errands or relaxing at home, our app makes it simple to monitor your accounts and make transactions from the palm of your hand. You can also enjoy the convenience of mobile payments, allowing you to make purchases quickly and securely right from your smartphone. Need to send money to a friend or family member? Our person-to-person transfer feature lets you do just that with ease. It's a quick way to share expenses or send gifts without any hassle.

Security You Can Trust

We prioritize your security at every turn. While we currently do not support electronic signature authorization, rest assured that our systems are designed to keep your information safe. With robust security measures in place, you can bank online with confidence. At Commonwealth One, we believe banking should be easy and accessible for everyone. Explore all our digital banking offerings today and experience how simple managing your money can be!

Financial Strength

Growing Member Base

Total Share Accounts stand at 56,282, showing a strong and growing member base that trusts us with their finances. This growth is crucial as it allows us to further enhance the services we provide to you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Commonwealth One is your trusted partner. Visit us at 6201 Richmond Hwy Alexandria Va 22303 or call 703-768-7000 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is reflected in our net income of -$12,660, indicating areas where we are focusing on improving services while still providing competitive loan rates. We also take pride in having 90 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable team.

Reinvesting for Your Benefit

With $41,505,285 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals with $32,777,000 in used auto loans and a total of $403,191,368 in loans and leases across various sectors.

Secure Savings Opportunities

Members' savings are secured through $91,948,936 in share certificates and $74,177,088 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.

Strong Financial Health

With a net worth of $46,434,353, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 820% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Financing Options

For those interested in further financial solutions, our credit lines total $206,014,519, giving you access to funds when needed without the hassle of reapplying each time. This flexibility can help you navigate everyday expenses or larger purchases seamlessly. If you're ready to explore these opportunities or have questions about our loan offerings at Commonwealth One located at 6201 Richmond Hwy Alexandria Va 22303, don't hesitate to reach out. You can contact us at 703-768-7000 during our lobby hours from 8:00 AM to 4:30 PM Monday through Friday. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We're here to guide you every step of the way in achieving your financial aspirations!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $60,987,128 in used vehicle loans and $45,295,488 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, making it easier for you to find the right fit for your budget and lifestyle.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $60,068,929, make buying or refinancing simple. We strive to make the process as smooth as possible so you can focus on what matters most making your house a home. If you're considering refinancing, be sure to ask us about our eligibility options.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $26,434,819 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits that cater to your spending habits while providing an easy way to handle unexpected expenses.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency in every comparison. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results for all users. - Real-Time Rate Comparisons: Users benefit from up-to-date loan rates across multiple institutions, empowering them to make well-informed financial choices. Thousands of users trust LendMesh for their loan comparisons. One member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This kind of feedback underscores the effectiveness and reliability of the platform. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

COMMONWEALTH ONE FEDERAL CREDIT UNION - Alexandria, VA