CommonWealth One’s ‘High Five with the ONE’ Savings Challenge Helps Members Save $2.4 Million

CommonWealth One Federal Credit Union’s “High Five with the ONE” program concluded with stunning results. By the end of the 6-month campaign, hundreds of credit union members took advantage of new 15-month add-on certificates, saving more than $2.4 million and pointing themselves to a brighter future.
 
In all, 488 members saved $2.44 million (244 percent of the credit union’s $1 million goal).
 
The six-month program was designed to introduce more members to the power of certificates and to make saving for the future a habit. The credit union is dedicated to financial education of all its members and to helping its members create a better life for themselves and their families.
 
Savings incentives included a $50 bi-weekly challenge drawing in which members could win $50 to add to their savings. The credit union awarded 10 members with this bonus.
 
In addition, 70 percent of the 488 members who participated in “High Five with the ONE” saved $250 or more and became eligible for a grand prize drawing of $250. The grand prize winner, N. Kanu, is a member at the credit union’s Providence Hospital branch.
 
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 Virginia’s top credit unions. 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). 
 
 

Contact Information

Karyle Thornton

CMO

CommonWealth One Federal Credit Union

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