CommonWealth One Continues To Offer Consumers Free Checking accounts in Washington, DC, Harrisonburg, VA and Alexandria, VA


WEBWIRE – Friday, July 08, 2011

At CommonWealth One, free checking is not a thing of the past. According to the NCUA, credit union membership has grown by over 300,000 members nationally during the first quarter of this year, which may be attributed to the changing economic trends among banks to increase fees to consumers in order to stay profitable. However, credit unions remain true to the cooperative philosophy that started the movement a century ago…lower fees, excellent service and higher rates of return for their members.

CommonWealth One has four great options to choose from in regards to free checking: Free Checking, Anytime Checking, Relationship Checking and Relationship PLUS Checking. Their Free and Anytime Checking accounts have no fees or minimum balance requirements. In addition to no fees, members can earn rewards and dividends with Relationship and Relationship PLUS Checking. Relationship PLUS Checking account holders also have personal bankers assigned to them for even greater convenience.

Each checking account at CommonWealth One Federal Credit Union also offers free online banking access via Online Branch, e-statements and online bill pay, as well as access to thousands of ATMs nationally through a surcharge-free ATM network. And members can take advantage of their banking on-the-go with mobile and text banking.

Along with great free checking options, CommonWealth One has high rates on savings accounts and share certificates. They also offer auto loan rates as low as 2.99% APR on 2006 or newer cars up to 72 months. CommonWealth One membership is open to people who live, work and play in Harrisonburg, VA, select areas of Alexandria, VA and Washington, DC. It’s easy to apply to become a member and only a $5 deposit is required. To find out more, visit www.cofcu.org.

About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union has grown to become one of Northern Virginia’s top credit unions with over $295 million in assets serving more than 36,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members.

CommonWealth One Federal Credit Union offers Checking Accounts, Mortgages, Home Loans, Auto Loans, Savings Accounts, Money Market accounts, IRAs and more in Washington, DC or Virginia. We have remained true to our philosophy of “people helping people” - providing members with loans, savings plans, and special services to achieve their long-term financial goals and help them enjoy a better way of life. Our excess earnings are returned to our members in the form of higher dividend rates, lower interest rates on loans and low or no fees. For information on our history, upcoming events, and more visit www.cofcu.org.



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Contact Information
Ashley Baldeon
Marketing Manager
CommonWealth One Federal Credit Union
Contact via E-mail


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