A legacy of people helping people
The community-focused credit union you know today was established in the midst of World War II with an all-volunteer staff to serve 94 members. That was 1944 when we were chartered as Army Air Force Annex #1 Credit Union. Since then, we have grown into a full-service financial institution supporting more than 37,500 members and holding more than $440 million in assets with branches in Alexandria, VA, Washington, D.C., and Harrisonburg, VA.
Through the decades, we have remained committed to our mission of helping members achieve their long-term financial goals and enjoy a better way of life. We're here to be your lifetime financial partner, providing loans, savings plans, special services and so much more.
What is a credit union?
CommonWealth One FCU is different from a bank because we're a not-for-profit financial cooperative owned and controlled by its members. That means we answer to you, not shareholders. It also means we're able to charge lower fees and offer better rates on loans and deposits compared to other financial institutions. Plus, we're committed to giving back to the communities where we work and live. Like all credit unions, we are regulated by the National Credit Union Administration (NCUA), a federal agency. Your deposits are insured up to at least $250,000 and backed by the full faith and credit of the United States government.
Our Commitment to You
CommonWealth One Federal Credit Union is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members.
- 2020 Annual Report
- 2019 Annual Report
- 2018 Annual Report
- 2017 Annual Report
- 2016 Annual Report
- 2015 Annual Report
Board of Directors
- Rupert J. Jennings, III, Chairman
Rupert Jennings has been a member of CommonWealth One for over 40 years. He joined the credit union while working for the Federal Government at the Headquarters, U.S. Army Corps of Engineers, where he served for over 33 years, retiring from a senior position in the Office of the Chief Counsel in 2014. Mr. Jennings was recruited to join CommonWealth One’s Board of Directors in 1999 and has served on the Board continuously since that time.
- John F. Knight, Vice Chairman
- John D. Hulvey, Secretary
- Dr. William P. Jackameit, Treasurer
William Jackameit received his doctorate degree from the College of William and Mary and spent over 30 years teaching undergraduate, graduate, and non-credit courses in business, economics, finance, and public administration. He retired as a Lieutenant Colonel from the Air Force and was the VP for Finance and Administrative Services at Piedmont Virginia Community College. Dr. Jackameit joined the Board of Directors in 1995 and has served the board in many capacities over the years. He is currently serving as the Treasurer for the Board.
- Archie B. Ford
Archie Ford is a retired Department of Defense employee. He worked for the US Army Materiel Command for over 25 years as an audit program manager/director. After retirement, he worked for the Army Medical Command at Walter Reed Army Medical Hospital as a financial analyst and has a Bachelor of Science in Accounting from North Carolina A&T State University. Mr. Ford has served on the Commonwealth One’s Supervisory Committee from 1981 to 1999 and has served as a volunteer on Commonwealth One’s Board of Directors from 1999 to the present.
- Daniel Murray
Dan Murray has volunteered for CommonWealth One since 2011, serving first as a Supervisory Committee member and as a Board member since 2016. He graduated Magna Cum Laude from the George Mason University School of Law and holds a Bachelor of Arts degree in both philosophy and history from Seattle University. He also served as a captain in the Army JAG Corps from 2002 to 2006.
- Mary L. Summers
Mary Summers is a long-time member of CommonWealth One and joined the Board of Directors in 1992. She is a past Chairman and currently serves on the Human Resources and Technology Committees. Mrs. Summers retired from federal service in 2016 as a Deputy Associate CIO for Corporate IT Services. She currently provides leadership and advisory services for not-for-profit and inter-government organizations.
- Kevin Cochran, Chairman
- Marvin T. Isom
- George McAndrew
- Ronald F. McCray
- Frank Tedeschi
People Helping People
CommonWealth One is here for you.