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CommonWealth One Gives Back Beyond the Holiday Season

Alexandria, VA – WEBWIRE

CommonWealth One Federal Credit Union in October supported Breast Cancer Awareness Month through the Sentara RMH Medical Center Race to Beat Breast Cancer. Setting a record this year, the event raised more than $30,000, and 780 people registered for the 2019 race — the highest participation in the race’s 15-year history.
Over the past year, the medical center has provided free mammograms to more than 400 women in Harrisonburg. From those mammograms, they diagnosed more than 140 women and were able to get those individuals early treatment, which helps save lives.
In addition, CommonWealth One Federal Credit Union continued giving back to the community and its members — something the credit union has built into its culture. The following are highlights of how CommonWealth One lives up to the mission of “people helping people.”
CommonWealth One members joined credit union staff across the country to raise more than $12 million this year for the Children’s Miracle Network Hospitals. Through local Washington, D.C.-area participation, the credit union contributed to raising $400,000 for National Children’s Medical Center as a sponsor of the Cherry Blossom Run and annual fundraising activities.
In addition, COFCUers have donated over 250 hours of service time this year, supporting the Capital Area Food Bank Food Pantries, INOVA Blood Drives, Volunteer Alexandria Backpack Drives, School Supplies Drive; Mercy House Donations, Northern Virginia Family Services Activities and more.
Back in January, the credit union hosted its first ONE for All month of service, during which staff and credit union members collected over $1000 in school supplies for teachers in Alexandria and Harrisonburg. 
Also in January, CommonWealth One partnered with the JMU’s College of Business to sponsor their 4th Annual Martin Luther King Jr. Day of service. Despite below freezing temperatures, more than 180 students participated, collecting 1,200 non-food items, 86 coats, two large boxes of toys made for the SPCA by 39 students and over 50 letters written to veterans for Operation Gratitude.
This year, CommonWealth One awarded $12,000 in scholarships to support the educational aspirations of student members. This included a new $1,000 Harrisonburg High School Scholarship; increasing the two T.C. Williams Scholarships to $3,000 to allow students to apply for additional funds through the City of Alexandria’s program after their first year in college; plus, the credit union once again offered two $25,000 Kathryn Coleman scholarships. 
In November in honor of Veteran’s Day, the credit union donated $750 to local organizations that support those who have served in the military.
This year is the credit union’ 75th anniversary. For the 75th Anniversary, to date the credit union has awarded $8,250 to members this year to thank them for their membership and make their dreams a reality. Through this program we’ve:

  • Awarded teachers with tote bags and classroom supplies.
  • Helped homeless children in Alexandria through the Alexandria Children’s Fund.
  • Supplied emergency preparedness kits to several members, including car care kits, umbrellas, etc.
  • Sponsored several contests and provided extra awards to many members with prizes ranging from $75 -$750.

In addition, so far in 2019, CommonWealth One has saved members more than $1 million in interest payments with special anniversary loan rates. In addition, the credit union has loaned our members $40 million to make their dreams a reality.
Plus, the credit union sponsored community Shred Days in Harrisonburg and Alexandria, helping members get rid of 22,000 pounds of paper to help them keep their personal information safe.
Continuing the credit union’s commitment to financial education, CommonWealth One has hosted over 100 webinars/seminars and financial resource programs to help members with budgeting, taxes, home buying or refinancing, saving for retirement, savings for emergencies, plus tips on everything from how to buy a car to how to save money on back-to-school shopping.
CommonWealth One looks forward to its planned toy drive and much more through the remainder of this year. We’re thankful for our members and for their continued support, said Karyle Thornton, Chief Marketing Officer.  We look forward to the new year -  and the opportunity to lend even more support to the communities we serve.
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). 


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