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CommonWealth One Rewards Students with $1,435 in Home Run Reading Challenge

Dozens of students participated in the Credit Unionís inaugural personal finance reading challenge this summer.


Alexandria – WEBWIRE

Dozens of students spent this summer reading about personal finance and earned money through CommonWealth One Federal Credit Unionís first Home Run Reading Challenge.

The Home Run Reading Challenge helped children learn about money management while staying sharp on their reading skills over the summer break. Youth members of CommonWealth One were challenged to read four or more selections from the credit unionís list of money-focused books to earn cash rewards.

Children received $5 for each book they read, and when they completed four books they ďhit a home runĒ and received an additional $5 for $25 total. The cash prize was deposited into their CommonWealth One savings account.

59 students participated in the reading challenge, earning a total of $1,435.

Feedback from parents was overwhelmingly positive. One parent stated, ďMy children were very motivated to read financially-themed books because of the summer reading promotion sponsored by CommonWealth One FCU. This is one of the family-based incentives that keep your customers loyal! Thank you to CommonWealth One for being so creative in devising ways to involve the ENTIRE FAMILY in financial conversations.Ē

Another parent wrote in an email to CommonWealth One, ď[My son] is going to use the money to make crafts that he will sell at several Christmas craft fairs this year. Thank you for encouraging reading and entrepreneurship!Ē

Educating members and youth programs are a core component of CommonWealth Oneís mission. This summer, The Credit Union National Association (CUNA) awarded CommonWealth One with first place in the Desjardins Financial Education Awards program in the youth category. The NCUA started the Desjardins program as a way to honor credit union leaders working to educate members.

About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union, headquartered in Alexandria, VA, has grown to become one of Washington, D.C. and Northern Virginiaís top credit unions with more than $330 million in assets serving more than 32,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being its members lifetime financial partner. CommonWealth One has branches in Washington, D.C., Alexandria, VA, and Harrisonburg, VA (including at James Madison University). Members can access their accounts through Online Banking, Mobile and Text Banking, plus a network of over 55,000 ATMs and 6,900 shared branches.



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 Reading Challenge
 Credit Union
 Cash Rewards
 Home Run
 Alexandria, VA


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