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CommonWealth One Hosts Delegates From Dominican Republic

24 delegates from the Dominican Republic visited CommonWealth One to learn more about credit unions, cooperatives and American business practices on August 16, 2011.


On Tuesday, August 16th, CommonWealth One Federal Credit Union welcomed 24 delegates from the Dominican Republic’s World Council of Credit Unions (WOCCU) and their National School of Cooperative Education, Inc. (ENECOOP) to their headquarters in Alexandria, Virginia.  These two Dominican organizations focus on spreading the doctrine, values, principles and practices of cooperatives; and provide training programs, seminars and internship/job positions within cooperatives.
CommonWealth One was the first credit union in the country to be visited by the delegates, who enjoyed a morning presentation focusing on topics such as products & services, departmental structure, procedures & regulations, and internet banking capabilities.  “It was an amazing opportunity to exchange philosophies and policies,” said Vice President of Marketing & Retail Sales Charlotte Cash.  After the presentation, the delegates were treated to a facility tour and a luncheon at a local restaurant.  

About the World Council of Credit Union Delegates
World Council of Credit Unions was incorporated on Nov. 10, 1970, the result of a vote of confidence among national credit union associations throughout the world. It was a benchmark in history for the international movement and the culmination of a dream that had stirred enthusiasm in two generations of leaders. WOCCU officially began operations Jan. 1, 1971. Today, WOCCU acts as the leading voice for advocacy and governance on behalf of the international credit union community. WOCCU continues to promote economic freedom and the sustainable growth of financial cooperatives across the globe through education, collaboration and community-based development projects.
About National School for Cooperative Education, Inc.
The National School for Cooperative Education, Inc. was launched in the Dominican Republic in June of 1990, and is a non-governmental, non-profit organization of educational services in the Dominican Cooperative sector.  Their mission is to promote democracy, equality and participation between Cooperatives; to advise/educate/empower leaders, employees and members of Cooperatives; and improve the quality of life through training programs that contribute to the self-sustainable development of the Dominican nation.
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


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 Dominican Republic
 American Business
 credit unions

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