CommonWealth One’s ‘High Five with the ONE’ Savings Challenge Helps Members Save $2.4 Million

October 05, 2018

CommonWealth One Federal Credit Union’s “High Five with the ONE” program concluded with stunning results. By the end of the 6-month campaign, hundreds of credit union members took advantage of new 15-month add-on certificates, saving more than $2.4 million and pointing themselves to a brighter future.

In all, 488 members saved $2.44 million (244 percent of the credit union’s $1 million goal).

The six-month program was designed to introduce more members to the power of certificates and to make saving for the future a habit. The credit union is dedicated to financial education of all its members and to helping its members create a better life for themselves and their families.

Savings incentives included a $50 bi-weekly challenge drawing in which members could win $50 to add to their savings. The credit union awarded 10 members with this bonus.

In addition, 70 percent of the 488 members who participated in “High Five with the ONE” saved $250 or more and became eligible for a grand prize drawing of $250. The grand prize winner, N. Kanu, is a member at the credit union’s Providence Hospital branch.