You've Seen The Statistics. Now Take Action!

50% of parents are supporting their adult children into their 30s and 40s to the tune of $1,474 per month.

Help your student launch strong.

CommonWealth One's Student Banking solutions give your JMU student the real-world money mangement skills that create lifelong independence.  

Free checking account with 4.00% cash back rewards, no monthly maintenance fees, and no minimum balance requirements

Free JMU Duke Dog debit card, so they can swipe with pride at merchants worldwide and access more than 80,000 free ATMs

Online, mobile and text banking to check balances, transfer funds, set alerts, deposit checks, and more, all from their phone or laptop

MoneyTools helps them visualize their spending, set savings goals, and track progress with our built-in money managment hub

Starter Credit Card to build credit safely with no annual fee, a low limit, and online financial literacy resources on the wise use of credit.

1-on-1 financial counseling for real guidance from real people free of charge

Pair Kasasa EatsĀ® Student Checking with a free Kasasa SaverĀ® to maximize their rewards.
Kasasa Saver
2.00
% APY
on balances up to $100,000

Parents, let your chicks fly!

Want to Know More About CommonWealth One?

As JMU's official credit union, CommonWealth One is here to help your student (and you!) make smart money moves from day one. We help students build smart money habits early, so they're prepared for life after graduation.  When you open an account for your student, you're giving them the tools, support, and confidence they need to manage money on their own.

Because your goal isn't just getting them to college—it's setting them up for success beyond it. 

Take advantage of the benefits of membership, now!

Accounts can be opened online or at our branch in The Union with the following items:

  • A valid photo I.D. or JAC card
  • Social Security number

Students age 18 or older can open up an account without a parent or guardian as a joint accounholder.  However, we recommend that all student accounts initially be opened jointly with a parent or guardian. (All account owners will need to provide a photo I.D., and their Social Security number, and sign the appropriate paperwork.)

Who said a credit union can't bring the fun?
We're on the JMU campus all the time, sponsoring events, offering free food, and giving away prizes.From Trivia Nights to tailgate kits, we're here to make your college experience a little more awesome.

College is serious business—but hey, sometimes you need to blow off a little steam. And, at CommonWealth One, we're always coming up with ways to help students do just that.  We participate in New Student Orientation, host Trivia Nights and Finals Week Breakfasts. And we love giving away coll stuf like: 

  • JMU tailgate kits
  • $100 Visa® gift cards
  • $10 Dunkin Donuts gift cards
  • $50 JMU Bookstore gift cards

Right now, you could win big!
One lucky winner will get the chance to punt, pass and kick their way to $25,000 in our Punt, Pass & Kick Contest! 

Click here for complete details and to enter.  OR text "WIN" to 843663 to enter.1

Stay connected with us

1 Our mobile text messages are delivered via short code 843663. Up to 6 messages per month. Reply STOP to cancel, HELP for help. Standard message and data rates may apply. No purchase or membership is necessary to enter. Click here for complete details. 

Are college students interested in money?
That goes without saying. Now students have the opportunity to help thier classmates build their financial knowledge—while gaining valuable experience—by becoming a JMU Student Branch Ambassador and representing CommonWealth One on campus.

As a Student Branch Ambassador, they'll:

  • Host campus events and encourage student participation
  • Build leadership skills and gain real-world experience
  • Earn cash for their efforts

Ready to learn more?
Click here or contact us today for additional information.

Raising a child is hard. Paying for college is expensive.

As a parent, you deserve something in return.  How about a great checking, an excellent credit card, and a low-cost auto loan?

At CommonWealth One, we're proud to offer exceptional financial services for all JMU parents, because supporting your student shouldn't mean sacrificing your own financial goals.

JMU Parents Are Welcome Here

No matter where you're from, Mom and Dad, you're eligible for membership too! Here are a few of the special perks we offer:

  • Free bank-to-bank transfers and a variety of options to transfer money to your child's accounts through online and mobile banking
  • Visa Signature® Rewards Card that features easy-to-earn points redeemable for travel, cash, and merchandise
  • New and Used Auto Loans that feature a competitive rate2 and require no down payment.3 We offer money-saving refinancing options, too.4
  • Plus, a chance to win the VIP Parent Weekend Package5 which includes tickets to our Game Day Suite, dinner for four on us, and more!
Disclosures
2 Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Rate reflects 0.50% discount for Loyalty Rewards. Payments for $20,000 loan at 0.99% APR for 36 months are approximately $568.04 per month. Rates are subject to change without notice.

3 Financing is available up to 125% of retail value for new and used cars.

4 Refinanced funds cannot be used to pay off existing CommonWealth One Auto Loan.

No purchase or transaction requirements necessary to enter or win. Sweepstakes giveaway is open to all legal residents of the United States who are 18 years of age or older at the time of entry. Our mobile text messages are delivered via USA short code (833) 700-1006. Up to 6 message per month. Reply STOP to cancel, HELP for help. Standard message and data rates may apply. Entries must be received by 11:59 p.m., June 23, 2025. Winner will be contacted by phone by Wednesday, September 17, 2025. Click here for official sweepstakes rules.
 
All advertised offers are valid from June 23, 2025 through July 31, 2025.

Click the "JOIN NOW" button to complete the membership application.

You'll need to know and have the following:

  • Know your home address ... easy right?
  • Know Your Social Security number ... This one you've managed to memorize, too!
  • Have your government issued photo ID ready to scan ...
  • Opening deposit of $5 or more. We can take that in the form of a check, debit or credit card.

Don't forget to mention JMU Parent when you open your account to ensure you get the royal treatment!

Need Help? 

Sometimes you just need to be assured that something is legit. OR maybe, you just need to make sure you understand the fine print. We get it.

Schedule an appointment directly with our JMU Branch staff!

Or, fill out the form and we'll get back to you quickly.