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Overview / Commentary
800-424-3334
P.O. Box 9997
Alexandria, VA 22304

Commonwealth One Credit Union is headquartered in ALEXANDRIA and is the 19st largest credit union in the state of Virginia. It is also the 654th largest credit union in the nation. It was established in 1944 and as of December of 2013, it had grown to 76 employees and 34,348 members. Commonwealth One Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, attend school or volunteer in the following areas: Washington, DC; City of Harrisonburg, VA; Warren County, VA; Clarke County, VA; and certain areas of the city of Alexandria, VA. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Commonwealth One Credit Union had $2.47 million in non-current loans and owned real-estate with $28.36 million in equity and loan loss allowances on hand to cover it. This gives Commonwealth One Credit Union a Texas Ratio of 8.70% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Commonwealth One Credit Union experienced no significant changes from 7.69% as of December 31, 2012 to 8.70% as of December 31, 2013, resulting in a negative change of 13.10%. This indicates that the balance sheet and financial strength for Commonwealth One Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Commonwealth One Credit Union has increased its total deposits by $3.45 million, resulting in 1.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Commonwealth One Credit Union has shown is above average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Commonwealth One Credit Union has $316.54 million in assets with $28.36 million in equity, resulting in a capitalization level of 8.96%, which is average.

Institution Statistics

Overall
NCUA #5134
Year Chartered1944
Employees76
Primary Regulator
Assets and Liabilities
Assets$316.54 million
Loans$219.98 million
Deposits$280.84 million
Equity Capital$26.18 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$0
Historic Data - December 2012
Assets$307.70 million
Equity Capital$25.24 million
Loan Loss Allowance$1.96 million
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$342,000
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets0.24%
Return on Equity2.87%
Interest Income$11.06 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Commonwealth One Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Commonwealth One Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$50k-Share Savings
0.08%$50k-Vacation Club
0.08%$50k-IRA Share
0.08%$50k-Roth IRA Share
0.08%$50k-Coverdell ESA Share
0.08%$50k-Holiday Club

Commonwealth One Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.24%$50k-Money Management Plus
0.12%$10k-Money Management

Commonwealth One Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$10k-Relationship PLUS Checking

Commonwealth One Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.56%$100k-60 Month Jumbo Share Certificate
1.46%$1k-60 Month Share Certificate
1.21%$100k-48 Month Jumbo Share Certificate
1.11%$1k-48 Month Share Certificate
1.01%$100k-36 Month Jumbo Share Certificate
0.90%$1k-36 Month Share Certificate
0.75%$100k-24 Month Jumbo Share Certificate
0.65%$1k-24 Month Share Certificate
0.60%$100k-12 Month Jumbo Share Certificate
0.60%$100k-18 Month Jumbo Share Certificate
0.50%$1k-12 Month Share Certificate
0.50%$1k-18 Month Share Certificate
0.45%$250-15 Month Share Certificate
0.31%$500-6 Month Share Certificate

Commonwealth One Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.56%$100k-60 Month Jumbo IRA Certificate (Traditional,Roth)
1.56%$100k-60 Month CESA Jumbo Certificate
1.46%$1k-60 Month IRA Certificate (Traditional,Roth)
1.46%$1k-60 Month CESA Certificate
1.21%$100k-48 Month Jumbo IRA Certificate (Traditional,Roth)
1.21%$100k-48 Month CESA Jumbo Certificate
1.11%$1k-48 Month IRA Certificate (Traditional,Roth)
1.11%$1k-48 Month CESA Certificate
1.01%$100k-36 Month Jumbo IRA Certificate (Traditional,Roth)
1.01%$100k-36 Month CESA Jumbo Certificate
0.90%$1k-36 Month IRA Certificate (Traditional,Roth)
0.90%$1k-36 Month CESA Certificate
0.75%$100k-24 Month Jumbo IRA Certificate (Traditional,Roth)
0.75%$100k-24 Month CESA Jumbo Certificate
0.65%$1k-24 Month IRA Certificate (Traditional,Roth)
0.65%$1k-24 Month CESA Certificate
0.60%$100k-12 Month Jumbo IRA Certificate (Traditional,Roth)
0.60%$100k-18 Month Jumbo IRA Certificate (Traditional,Roth)
0.60%$100k-12 Month CESA Jumbo Certificate
0.60%$100k-18 Month CESA Jumbo Certificate
0.50%$1k-12 Month IRA Certificate (Traditional,Roth)
0.50%$1k-18 Month IRA Certificate (Traditional,Roth)
0.50%$1k-12 Month CESA Certificate
0.50%$1k-18 Month CESA Certificate
0.45%$250-15 Month IRA Certificate (Traditional,Roth)
0.45%$250-15 Month CESA Certificate
0.31%$500-6 Month IRA Certificate (Traditional,Roth)
0.31%$500-6 Month CESA Certificate
Locations


Commonwealth One Credit Union Locations
Branch Office800 S Main St Gibbons Hall # 5Harrisonburg, VA 22807-0001
Branch Office7701 Telegraph Rd Kingman BuildingAlexandria, VA 22315
Branch Office1150 Varnum St NEWashington, DC 20017
Branch Office441 G St NW Ste 3M54Washington, DC 20548-0001
Branch Office3330 King StAlexandria, VA 22302
Branch Office4875 Eisenhower AveAlexandria, VA 22304-4886
Branch Office42 Terri DrHarrisonburg, VA 22802
Branch Office4875 Eisenhower AveAlexandria, VA 22304