CommonWealth One Federal Credit Union’s 70th Anniversary Community Challenge surpasses goal early

Two charities to receive donations

ALEXANDRIA, VA (December 17, 2014) — CommonWealth One Federal Credit Union’s 70th Anniversary Community Challenge has surpassed its loan interest savings goal of $700,000. With one month remaining in the Community Challenge, community members have already saved more than $1 million in loan interest.

The Community Challenge kicked off in June when CommonWealth One set a goal to save community members a total of $700,000 in loan interest in honor of its 70th anniversary. When a person refinanced a loan to a lower rate, that savings was added to the total savings goal. CommonWealth One committed to donating $7,000 each to two local charities once the goal had been reached.

“We are very excited about surpassing our goal before the end of the challenge,”
stated Charlotte Cash, President/ CEO of CommonWealth One “Not only were we
able to help people save on their loans, but we will also be able to donate $7,000
to Volunteer Alexandria and Skyline Literacy. This is a big accomplishment for our community.”

CommonWealth One’s staff used their special “Loan Saver” online tool to demonstrate how much they could save a borrower in interest on mortgage, auto, and personal loans and credit cards. For more information on the Loan Saver and the 70th Anniversary Community Challenge, visit

“We are thrilled that the CommonWealth One Federal Credit Union has selected us as a beneficiary and thank all of the employees who made this happen. All of them have been working hard to reach their goal and I hope that they know that the impact of their efforts are enormous. This donation helps us to continue the important work of connecting people six and older with the many needs in our community. “ Marion Brunken, Executive Director, Volunteer Alexandria

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 with more than $321 million in assets serving more than 31,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial partner of its members. 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 6,700 shared branches.

About Volunteer Alexandria
Volunteer Alexandria, a nonprofit organization, strives to build a better community by inspiring and mobilizing people to volunteer. With a 34-year legacy of caring for the heart of Alexandria by mobilizing helping hands, Volunteer Alexandria is in the business of helping Alexandrians give back to this city through volunteering. The organization serves as a matchmaker, providing connections between volunteers and nonprofits or City agencies needing volunteer assistance. From creating and maintaining green space, preparing for emergencies, promoting culture and the arts, developing hands-on job and leadership skills to feeding the hungry, Volunteer Alexandria plays a critical role in providing volunteer assistance, where it is needed, throughout the community. Volunteer Alexandria is also the convener of the 2014 Spring for Alexandria, a community service day engaging hundreds of volunteer performing volunteer work throughout Alexandria. For more details, visit

Caption: Marion Brunken, Executive Director Volunteer Alexandria, Frank Fannon, President Volunteer Alexandria, and Charlotte Cash, President and CEO CommonWealth One Federal Credit Union

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