Commonwealth One Federal Credit Union Offers Sequestration Financial Solutions

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CommonWealth One Federal Credit Union offers assistance to its members impacted financially by Sequestration. Each member is unique and is encouraged to contact the credit union to discuss a solution tailored specifically to their needs.

"We’re here to help our members through the challenges of facing a reduced income,” said Ashley Baldeon, Marketing Manager. “We thoroughly support ‘people helping people’."

CommonWealth One Federal Credit Union offers assistance to its members impacted financially by Sequestration. The credit union understands that each member’s situation is unique and they will be affected differently by the government’s actions.

The first step in the process of Sequestration is for the member to understand their financial situation before they can factor in the affects of Sequestration on their income. To that end, CommonWealth One offers a free, online debt analysis tool, Debt In Focus, for its members online at its website, http://www.cofcu.org. This tool provides a personalized financial assessment in plain language. The process is quick, completely anonymous and creates a monthly budget.

CommonWealth One can help. Members who are impacted by Sequestration are encouraged to contact the credit union to discuss a solution tailored to their needs. A hot line has been established to allow members easy access.

“We’re here to help our members through the challenges of facing a reduced income,” said Ashley Baldeon, Marketing Manager. “We thoroughly support ‘people helping people’.”

Headquartered in Alexandria, VA, CommonWealth One serves 36,600+ members in Washington, DC, Northern Virginia and Harrisonburg, VA. CommonWealth One provides quality low-rate, low-fee loans to its members, including personal loans, auto loans, home equity loans and secured loans as well as a variety of mortgage options including fixed and adjustable rate terms.

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 $304 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. It provides its members with lower fees and loan rates, plus higher savings rates. Excess earnings are returned to members in the form of higher dividend rates, lower interest rates on loans and low or no fees.

CommonWealth One has branches in downtown Washington, D.C., Alexandria, VA, and Harrisonburg, VA (one branch is located on the James Madison University campus). Members can access their accounts through Online Banking, Mobile and Text Banking, plus a network of over 6,700+ shared branches and 50,000+ transaction-fee-free ATMs across the country. For information, or to open an account online, visit http://www.cofcu.org.

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Ashley Baldeon
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