Commonwealth One Credit Union Harrisonburg VA | Low Mortgage Rates & Quick Auto Loans

Introduction

Welcome to Commonwealth One, your trusted financial partner right here in Harrisonburg at 42 Terri Dr, VA 22802. Since our establishment in 1944, we have been dedicated to serving our community with integrity and commitment. With a strong membership base of over 38,000 members, we pride ourselves on being more than just a credit union; we're a family that cares about your financial well-being. As of now, our total assets amount to an impressive $565,724,024, and we hold total deposits of $30,613,858. Our solid net worth of $46,434,353 demonstrates our commitment to stability and growth for all our members. Whether you're looking for personal banking services, auto loans, or even business financing options, we offer a range of services tailored to meet your needs. At Commonwealth One, we understand the importance of accessibility and convenience. That's why we have both ATM and drive-thru services available for your ease. While you can visit us at our branch location for any inquiries or transactions, please note that official correspondence should be directed to the same address: 42 Terri Dr, Harrisonburg, VA 22802. Our leadership team is here to guide you every step of the way. Under the stewardship of CEO Frank Wasson and Board President Rupert Jennings, our mission is clear: to provide exceptional service while fostering financial literacy within our community. If you're ready to take charge of your financial future or simply have questions about our services, don't hesitate to reach out! Call us at 800-424-3334 or visit us online at Commonwealth One today. Let's embark on this journey together!

Branch History & Mission

Join Us

We welcome you to join Commonwealth One and experience firsthand the benefits of being part of a community-focused credit union. Together, let's build a brighter financial future! For inquiries or assistance, don't hesitate to call us at 800-424-3334 or visit our website at www.cofcu.org. Your journey towards financial empowerment starts here!

Our Journey

Commonwealth One began its journey with a vision to empower individuals and families through accessible banking solutions. Over the years, we have evolved significantly while staying true to our core values. From humble beginnings, we have grown into a trusted financial institution that emphasizes member service above all else. Our journey reflects not only our growth but also the changing needs of our community. In recent years, we've embraced technology and innovation to enhance the banking experience. We offer online and mobile banking services that provide convenience at your fingertips. Whether it's managing accounts or making transactions, we ensure that our members can access their finances whenever they need.

Our Mission

The mission of Commonwealth One is simple yet powerful: to serve our members with integrity and dedication while promoting financial well-being within the communities we touch. We believe that everyone deserves access to quality financial services without barriers. By offering a range of products from personal banking and auto loans to mortgages and credit cards we aim to meet the diverse needs of our membership. We are not just about numbers; we are about people. Our team actively participates in community outreach programs and partnerships aimed at enriching lives beyond banking. We strive to create opportunities for education and empowerment within Harrisonburg and its surrounding areas. While members can visit us at 42 Terri Dr, official correspondence should be sent to the same address as well. We invite you to come by during our operating hours Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 1 PM to learn more about how we can support you on your financial journey.

Branch Location & Accessibility

Welcome to the Commonwealth One branch, located conveniently at 42 Terri Dr in beautiful Harrisonburg, Virginia. Our location is easy to find and accessible for all members of our community, whether you're stopping by for a quick transaction or seeking assistance with your financial needs. If you need to send official correspondence, please use our mailing address at the same location: 42 Terri Dr, Harrisonburg, VA 22802. Situated near popular local spots, our branch is a short drive from the bustling downtown area and just minutes away from scenic parks. With ample parking available and ADA-compliant features such as ramps for easy access, we strive to make your visit comfortable and hassle-free. Our operating hours are designed with your busy schedule in mind: we're open Monday through Thursday from 9:00 AM to 5:00 PM, Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 1:00 PM. Whether you prefer to walk in or take advantage of our drive-thru banking service for quick deposits or withdrawals, we're here to serve you. At Commonwealth One, we offer a variety of services tailored to meet your financial needs. From personal checking and savings accounts to auto loans and credit cards with rewards, you'll find everything you need right here. Plus, our ATM is always available for those who prefer self-service banking options. We invite you to visit us today or give us a call at 800-424-3334 if you have any questions. Our friendly team is ready to assist you with all your banking needs!

Member Eligibility

At Commonwealth One, we believe that everyone deserves the chance to be part of a caring community that supports their financial journey. Becoming a member is simple and welcoming! If you live, work, or worship in our service area, or if you are a family member of an existing member, you can join us at 42 Terri Dr, Harrisonburg, VA 22802. We invite you to explore the many benefits of membership, including personalized service, competitive rates on loans and savings accounts, and access to online banking tools designed for your convenience. To learn more about eligibility requirements and get started on your membership application, please visit our detailed resource at http://www.cofcu.org/connect/membership/become-a-member . If you have any questions or need assistance, feel free to reach out to us at 800-424-3334. Joining Commonwealth One means joining a supportive family that's here for you every step of the way!

Business Banking & Commercial Services

Loan Options That Empower Growth

Imagine having the financial backing to take your business to the next level. 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. These loans help cover everything from purchasing new equipment to managing operational expenses, allowing you to focus on what really matters your business.

Merchant Services That Simplify Transactions

In today's fast-paced world, efficient payment processing is crucial for success. Our merchant services provide easy solutions for handling transactions, ensuring that your customers can pay quickly and securely. Picture a busy Saturday at your store; with our reliable payment systems, you can keep lines moving and sales flowing. Reach out to us at our branch located at 42 Terri Dr Harrisonburg Va 22802, or call us at 800-424-3334 to learn more about how we can partner with you on your business journey.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're considering purchasing a new vehicle, our auto loans and vehicle financing options can help make that dream a reality. We provide competitive rates and flexible terms so you can drive away in the car you want without breaking the bank. Whether it's a new car or a used one, we're here to assist you through the entire process.

Business Banking

If you're a business owner, our business banking services include merchant services and business loans designed to support your growth. We know that running a business comes with its own challenges, which is why we aim to provide accessible solutions that meet your operational needs.

Credit Cards with Rewards

With our credit cards featuring rewards, you can earn points on everyday purchases. This means more value for your spending whether it's cash back or travel rewards making it easier for you to enjoy life while managing your finances smartly.

Mortgage Loans & Refinancing

For those looking to buy a home or refinance an existing mortgage, our mortgage loans are tailored to fit your needs. We offer various options that can suit first-time buyers as well as seasoned homeowners looking for better rates. Our experts will work closely with you to find the best solution for your unique situation.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our robust online and mobile banking platforms enable you to manage your accounts anytime and anywhere. You can easily access ATM services for cash withdrawals or use our drive-thru banking for simple transactions without leaving your car. At Commonwealth One, we're not just about numbers; we're about people our members are at the heart of everything we do. With our comprehensive list of services designed around your lifestyle, we invite you to explore how we can assist you today. For more information or to get started on any of our services, please don't hesitate to reach out at (800) 424-3334 or visit us online at Harrisonburg Regional. Join us in making your financial journey simpler and more rewarding!

Personal Banking

Starting with personal banking, we understand that managing your day-to-day finances is essential. That's why we offer a variety of checking and savings accounts designed for convenience and flexibility. Our accounts come with features like online banking and mobile app access, allowing you to check balances, transfer funds, and pay bills from anywhere.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's where our personal loans and debt consolidation services come into play. If you're facing higher interest debt from credit cards or need funds for an important purchase, we can help simplify your financial obligations with manageable repayment plans.

Digital & Online Banking

Key Features

Our online banking platform is user-friendly and packed with features that make financial management a breeze. You can easily sign up for e-statements, which allow you to view your account statements online instead of waiting for them to arrive in the mail. This not only saves trees but also helps you keep track of your finances more efficiently. For those who love using their phones, our mobile application makes banking even easier. You can enjoy mobile payments, letting you make purchases directly from your smartphone without needing cash or cards. Plus, with person-to-person transfers, sending money to friends or family is as simple as a few taps on your screen.

Security and Accessibility

We prioritize your security while providing these convenient features. Although we do not currently support electronic signature authorization, rest assured that our systems are designed with robust security measures to protect your personal information. At Commonwealth One, we believe in making banking accessible for everyone. Whether you're at home or out and about in Harrisonburg, our digital banking services ensure that you have real-time access to your accounts whenever you need it. Explore all these features and more by visiting us online at https://www.cofcu.org/ . Experience the convenience of modern banking today!

Financial Strength

Committed Team

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 and committed team. This dedicated workforce supports the strong personal service that makes Commonwealth One stand out.

Growing Membership Base

Our total share accounts have reached 56,282, showcasing a strong and growing member base that trusts us with their finances. This growth is essential for maintaining the stability and reliability you expect from your credit union. 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 42 Terri Dr Harrisonburg Va 22802 or call 800-424-3334 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.*

Member Savings Securely Managed

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.

Operational Efficiency

Our ability to generate income efficiently is evident as reflected by our current net income figures. Although we reported a net income of -$12,660, this highlights our commitment to reinvesting back into the credit union for the benefit of our members.

Reinvesting for Growth

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 is significant; with $32,777 in used auto loans and a total of $403,191,368 in loans and leases available for our members' diverse financial needs.

Solid 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

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. Whether you're purchasing a brand-new vehicle or a reliable used one, we have options designed for your budget.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $60,068,929. With flexible terms and competitive rates, you can take the next step towards owning your home.

Other Loan Products

In addition to auto and mortgage loans, we also offer credit lines with total amounts reaching $206,014,519, providing you with the flexibility to cover unexpected expenses or consolidate debt. Our team is ready to assist you with any refinancing or eligibility questions you may have. For business owners looking for funding opportunities, we currently do not have outstanding commercial loans available; however, we encourage you to check back as our offerings may change. If you're ready to explore your options further or have questions about our loan products and services available at Commonwealth One in Harrisonburg, feel free to give us a call at 800-424-3334. You can also visit us online at Commonwealth One for more information or apply directly. Remember that 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 support you every step of the way on your financial journey!

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans. With a total of $26,434,819 in loans available, our credit cards help members manage their finances effectively while earning rewards along the way.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. LendMesh ensures accurate loan comparisons by sourcing its data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment to compliance guarantees fair and transparent offers to all users. One of the key benefits of using LendMesh is its Verified Data feature. Loan offers are sourced from legitimate financial institutions, ensuring transparency throughout the comparison process. Additionally, LendMesh prides itself on having No Sponsored Listings lenders are not prioritized based on paid promotions, which means users receive unbiased results tailored to their needs. With Real-Time Rate Comparisons, LendMesh provides up-to-date loan rates from multiple institutions, empowering users to make informed decisions without delay. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial reflects the effectiveness and reliability of LendMesh as a tool for consumers seeking better loan options. 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