Blast off into 2016 with savings! Now through February 29, take advantage of our special balance transfer offer: • 1.99% APR * on a CommonWealth One Visa credit card for 12 months • No balance transfer fees Three great cards to choose from We offer the best new Visa credit cards in town with exceptional rewards, benefits, and EMV chip technology for additional protection against fraud, plus more. To learn more, stop by any branch, go online to cofcu.org/transfer, or call (866) 820-5871. Plus, with our Signature Rewards Visa, you get 1.25 rewards points for every dollar you spend – which you can redeem for airline tickets, travel, merchandise, or cash! Last Chance to Team Up and Win and Make the Playoffs Our Team Up and Win promotion is in the final month before the Super Bowl ® – making this the last month for new members to get a $20 bonus and qualify for our Super Bowl ® Grand Prize Sweepstakes! Through January 31, new members will receive a $20 bonus AND a red travel mug at a branch when they: • Get a credit card, or • Use Bill Pay in online banking (paying six or more bills monthly), or • Establish direct deposit with a $500 monthly minimum Every new member will also be entered into the Super Bowl ® Grand Prize Sweepstakes. Winners will be announced via video in early February – stay tuned! P.O. Box 9997 • Alexandria, VA 22304-0797 cofcu.org • facebook.com/cofcu Routing number: 256078365 (703) 823-5211 • (800) 424-3334 Text Banking Short Code: 59289 PhoneOne 24/7 Account Information: (703) 823-3510 • (800) 424-2328 Visa ® 24-hour info line & lost or stolen card: Credit Card: (800) 449-7728 Debit Card: (800) 472-3272 Nationwide Shared Branches: (888) SITE-CO-OP • co-opsharedbranch.org Nationwide Allpoint ™ No-Fee ATMs: allpointnetwork.com Federally Insured by NCUA branch locations Alexandria, VA Main 4875 Eisenhower Avenue M-Th: 8:30am-5:30pm F: 8:30am-6:30pm Sat: 9am-2pm Humphreys Engineer Ctr. (Employee access only) 7701 Telegraph Road M-F: 8:30am-4pm T.C. Williams High School (Restricted access) 3330 King Street M-F: 11am-3pm Harrisonburg, VA Regional Office 42 Terri Drive M-Th: 9am-5pm F: 9am-6pm Sat: 9am-1pm Drive-up: M-F: 8am-6pm Sat: 9am-1pm James Madison University Madison Union M-Th: 9am-5pm F: 9am-5:30pm ATMs at all locations. Washington, D.C. GAO Bldg., 3rd Floor (Employee access only) 441 G. Street NW M-F: 8:30am-12:30pm Providence Hospital 1150 Varnum Street, NE M-F: 8:30am-4pm Closed 1pm-2pm Washington Post Annex One Franklin Square* (Employee access only) 1301 K Street NW Th: 1-3:30pm Biweekly *Network ATMs Available Maximize Your Refund with TurboTax! CommonWealth One has teamed up with TurboTax ® to get you your maximum refund, savings of up to $15 on TurboTax federal products, and a chance to win $25,000! Try TurboTax Online for FREE by February 18 to be automatically entered in the TurboTax $25,000 Payday Sweepstakes.* Save time, hassle, and money with TurboTax! Learn more at cofcu.org/turbotax today! *No purchase necessary to enter and win. Contact a Member Service Representative for more details. SPONSOR: Intuit Inc., 7535 Torrey Santa Fe Rd., SDG-2A-03-22H, San Diego, CA, 92129. Inactive $5 Fee Notice Did you know that inactive members are charged a monthly $5 inactive fee on their savings or checking account when there has been no account activity for 12 months? It’s easy to avoid this fee by making a deposit into or withdrawal from your account. You can also set up a monthly automatic deposit into your account and avoid this fee! Plus, your savings will grow safely and you will be taking advantage of your credit union benefits. Board of Directors Election Incumbents Robert Darius and John Hulvey and Supervisory Committee Member Daniel Murray were each nominated for a three-year term on the Board of Directors to be filled in 2016. You can also nominate someone (or yourself) by submitting a petition no later than February 17, 2016. This petition must have been signed by 1% of the membership as of August 31, 2015 (329 members). If only one person is nominated for each position, no election will be held. No nominations will be accepted from the floor and those nominated will be elected automatically. If an election is required, information will be included in your 2016 second quarter statement mailing. Election results will be announced at our Annual Meeting on May 12, 2016. It’s Smart to Apply for a CommonWealth One Scholarship If you are attending an accredited college, university, or other recognized school full-time during the 2016-2017 school year, we invite you to apply for a scholarship from CommonWealth One. Applications are due March 31, 2016. Three $1,000 CommonWealth One Scholarships for Local High School Students These three scholarships will be awarded to one graduating Academy of Finance T.C. Williams High School senior, one T.C. Williams High School student, and one Harrisonburg High School student. Two $1,000 Kathryn R. Coleman Scholarships One graduating high school senior and one undergraduate college student will be selected for these two scholarship awards. Scholarship Evaluations Applications will be judged on a written essay, academic achievements, involvement in school, and extracurricular activities. For additional information and an application form, visit cofcu.org/scholarships. Holiday Closing Martin Luther King, Jr. Day – Monday, January 18 ONE Source January 2016 Your Savings Will Skyrocket with our 1.99% APR * Visa ® Balance Transfer! Get a $20 Bonus AND a Red Travel Mug! Visit TeamUpandWin.org to learn more. *APR=Annual Percentage Rate. Rates shown based on advertised rates as of December 16, 2015. Countdown to Savings: 3 ways to transfer balances (online, by phone, or in branch) 2 months to save money (hurry, offer ends February 29) 1 .99% APR * (on all balance transfers with a CommonWealth One Visa credit card) 0 balance transfer fees APR Our APR Potential 1-Year Savings Typical credit card example 18.50% 1.99% $1,440 Navy Federal Visa Signature Flagship Rewards Variable rate as low as 9.99% 1.99% $1,200 USAA Cash Rewards Visa Variable rate as low as 9.90% 1.99% $1,187 Look how much you could save! Based on a $15,000 balance
Transcript
Blast off into 2016 with savings! Now through February 29, take advantage of our special balance transfer offer:
• 1.99% APR* on a CommonWealth One Visa credit card for 12 months
• No balance transfer fees
Three great cards to choose fromWe offer the best new Visa credit cards in town with exceptional rewards, benefits, and EMV chip technology for additional protection against fraud, plus more.
To learn more, stop by any branch, go online to cofcu.org/transfer, or call (866) 820-5871.
Plus, with our Signature Rewards Visa, you get 1.25 rewards points for every dollar you spend – which you can redeem for airline tickets, travel, merchandise, or cash!
Last Chance to Team Up and Win and Make the PlayoffsOur Team Up and Win promotion is in the final month before the Super Bowl® – making this the last month for new members to get a $20 bonus and qualify for our Super Bowl® Grand Prize Sweepstakes!
Through January 31, new members will receive a $20 bonus AND a red travel mug at a branch when they:
• Get a credit card, or• Use Bill Pay in online banking (paying six
or more bills monthly), or• Establish direct deposit with a $500
monthly minimum
Every new member will also be entered into the Super Bowl® Grand Prize Sweepstakes. Winners will be announced via video in early February – stay tuned!
Washington Post Annex One Franklin Square*(Employee access only)1301 K Street NWTh: 1-3:30pm Biweekly*Network ATMs Available
Maximize Your Refund with TurboTax!CommonWealth One has teamed up with TurboTax® to get you your maximum refund, savings of up to $15 on TurboTax federal products, and a chance to win $25,000! Try TurboTax Online for FREE by February 18 to be automatically entered in the TurboTax $25,000 Payday Sweepstakes.* Save time, hassle, and money with TurboTax! Learn more at cofcu.org/turbotax today!*No purchase necessary to enter and win. Contact a Member Service Representative for more details. SPONSOR: Intuit Inc., 7535 Torrey Santa Fe Rd., SDG-2A-03-22H, San Diego, CA, 92129.
Inactive $5 Fee Notice Did you know that inactive members are charged a monthly $5 inactive fee on their savings or checking account when there has been no account activity for 12 months?
It’s easy to avoid this fee by making a deposit into or withdrawal from your account. You can also set up a monthly automatic deposit into your account and avoid this fee! Plus, your savings will grow safely and you will be taking advantage of your credit union benefits.
Board of Directors Election Incumbents Robert Darius and John Hulvey and Supervisory Committee Member Daniel Murray were each nominated for a three-year term on the Board of Directors to be filled in 2016. You can also nominate someone (or yourself) by submitting a petition no later than February 17, 2016. This petition must have been signed by 1% of the membership as of August 31, 2015 (329 members). If only one person is nominated for each position, no election will be held. No nominations will be accepted from the floor and those nominated will be elected automatically. If an election is required, information will be included in your 2016 second quarter statement mailing. Election results will be announced at our Annual Meeting on May 12, 2016.
It’s Smart to Apply for a CommonWealth One ScholarshipIf you are attending an accredited college, university, or other recognized school full-time during the 2016-2017 school year, we invite you to apply for a scholarship from CommonWealth One. Applications are due March 31, 2016.
Three $1,000 CommonWealth One Scholarships for Local High School StudentsThese three scholarships will be awarded to one graduating Academy of Finance T.C. Williams High School senior, one T.C. Williams High School student, and one Harrisonburg High School student.
Two $1,000 Kathryn R. Coleman ScholarshipsOne graduating high school senior and one undergraduate college student will be selected for these two scholarship awards.
Scholarship EvaluationsApplications will be judged on a written essay, academic achievements, involvement in school, and extracurricular activities. For additional information and an application form, visit cofcu.org/scholarships.
Holiday ClosingMartin Luther King, Jr. Day – Monday, January 18
ONESource January 2016
Your Savings Will Skyrocketwith our 1.99% APR* Visa® Balance Transfer!
Get a $20 Bonus AND a Red Travel Mug! Visit
TeamUpandWin.org to learn more.
*APR=Annual Percentage Rate. Rates shown based on advertised rates as of December 16, 2015.
Countdown to Savings:
3 ways to transfer balances (online, by phone, or in branch)
2 months to save money (hurry, offer ends February 29)
1 .99% APR* (on all balance transfers with a CommonWealth One Visa credit card)
0 balance transfer fees
APR Our APR Potential 1-Year Savings
Typical credit card example 18.50% 1.99% $1,440
Navy Federal Visa Signature
Flagship Rewards
Variable rate as low as 9.99% 1.99% $1,200
USAA Cash Rewards Visa
Variable rate as low as 9.90% 1.99% $1,187
Look how much you could save!Based on a $15,000 balance
FINANCIAL INFORMATIONNov. 30, 2015 Nov. 30, 2014
Members 32,687 33,556Shares $281,649,166 $281,009,201Loans $221,155,079 $219,259,201Assets $317,092,156 $316,938,649Complete financial statements are available at branches.
Eat healthier, exercise more, learn a new skill, do a better job of managing your finances. It’s the new year – the time to make resolutions, set goals, and improve your life overall. For many, it’s a frustrating time because it’s so difficult to stick to New Year’s resolutions. But the best way to achieve your financial objectives is to start small – with clearly defined, easily achievable goals – before you move on to larger life goals.
For example, “small” money-saving actions that can save you money include:
• Transfer credit card balances to a CommonWealth One Visa® credit card and get our lowest balance transfer rate ever: 1.99% APR* for 12 months – a rate that’s good for as many transfers as you wish during this special promotion that lasts through February 29, all with no balance transfer fees!
• Don’t start shopping for a new car until you talk to us first because CommonWealth One will match any competitor’s rate.
• Attend our free seminars in March on “Preparing and Paying for College.” You’ll learn how to get financing and fill in the gaps that scholarships and student loans may not cover.
• Will you be remodeling this year? Borrow up to 90% of your home’s value or take advantage of our Zero Equity Loan, which lets you borrow a fixed amount up to $25,000 with little or no equity in your home. No title insurance or appraisal is required.
As this new year begins, CommonWealth One is committed to helping you improve your financial life, better manage your finances, and reach your short- and long-term financial goals. But to do that, YOU must maximize your membership by taking advantage of the products and services we offer – including tools like online banking and bill pay, mobile banking, direct deposit, shared branches, nationwide ATM access, loans for virtually any reason, sophisticated savings options, and more.
Because we are member-owned, rather than fill the pockets of shareholders, we roll profits back into your credit union to lower the rates we offer on loans and improve our rates on savings.
While we can’t help you eat healthy or exercise more this coming year, we can help you manage your finances better – and save money – when YOU take advantage of YOUR CommonWealth One membership.
PRESIDENT’S REPORT
Charlotte Cash,President/CEO
New! Best Rate Promise for Auto LoansRing in the new year with a new car! Come to CommonWealth One first for your best rate. Our Best Rate Promise* offered through our Rate Match Program proves that we have the best rates in town to save you money. If you are pre-approved for an auto loan from another lender, we’ll beat that rate… We Promise!
• Financing up to 125% of value• Loan terms up to 84 months• Rate Match Program• Loan Loyalty Rewards Program• Option to choose your own due date• Skip a payment option• GAP insurance for just $299• Available protection options, including Paintless Dent
Protection and Tire & Wheel Protection
CommonWealth One is the best place to borrow and save money doing it! If you already have an auto loan from another lender, or if you’re currently pre-approved elsewhere, it’s not too late to save with a CommonWealth One auto loan! Bring us your rate, and let us meet or beat it today!
*Proof of written pre-approval documentation required.
Join Us for the Cherry Blossom 10 Mile Run on April 3!As sponsor and active volunteer for the annual Cherry Blossom 10 Mile Run, we invite you to participate in this run for a great cause! The fun event takes place on Sunday, April 3. We ask that participants donate $50 to the Children’s Miracle Network.® For an application and instructions, contact Susanne Waltemyer at (703) 236-7635 or [email protected]. Thanks for your support!
Member Appreciation Day – January 21We’d like to start the new year by celebrating YOU! Join us at any branch on Thursday, January 21 for light refreshments and to hear more about your credit union benefits. Thank you for your membership.
Thank You for Donating to Our Warm Hearts Coat Drive!We are grateful to everyone who donated to our Warm Hearts Coat Drive. It was a tremendous success thanks to your generosity! The coat donations were given to:
Mercy House in Harrisonburg, VA, which provides food, clothes, and shelter to homeless families with dependent children.
Echo in Springfield, VA, which provides food and financial help to people with short-term emergencies, as well as clothes and household items to people with low incomes.
Thank you for making a difference to those in need.
Free Financial ConsultationJanuary brings the opportunity for a fresh financial start. Schedule a visit with Michael Finnie, our Financial Consultant. He is available to work with you to develop a unique strategy designed to help see you through life’s uncertainties and achieve your lifetime financial goals – from preparing for retirement to developing a college savings plan, or even starting out with the basics of investing.
Start Fresh and Call Today!To schedule a free planning consultation, contact
Michael today at (800) 424-3334, ext 1294, or [email protected] offered through Securities America, Inc., a Registered
Broker/Dealer, Member FINRA/SIPC, www.finra.org and www.sipc.org, Michael Finnie, Registered Representative. Advisory services offered
through Securities America Advisors, Inc., Michael Finnie, Investment Advisor Representative. The Securities America companies, USAdvisors Wealth Management, LLC, and CommonWealth One Financial Network are separate entities. Securities licensed in D.C., MD, NC, SC, VA, WV. Not NCUA insured. No Credit Union Guarantees. May Lose Value.
Safely Dispose of Tax Papers on April 16 at Community Shred DayWhat better time to securely shred your financial documents than right after tax day? Join us for this great opportunity to clear out old checks, personal documents, financial statements, and more – the safe way!
Saturday, April 16: 9am – 1pm 42 Terri Dr., Harrisonburg
9am – 2pm 4875 Eisenhower Ave., Alexandria
Credit Union to Open Late In order to facilitate a company-wide meeting, CommonWealth One branches and Call Center will open several hours late on February 10. Opening hours will vary by branch and will be posted at each location and on our website by January 27.
Thank you for your cooperation!
Featured r ates
For mortgage and other rates, visit cofcu.org.
*APR=Annual Percentage Rate.**Rates effective 1/1/16 and subject to change. Rates shown are fixed unless otherwise noted. Some rates quoted reflect a 0.50% reduction for Loan Loyalty Rewards. Example: 1.99% (current rate) less 0.50% Loan Loyalty Rewards equals 1.49% (your final APR). Equity loans require 90% LTV. LTV=Loan to Value. Refinanced funds cannot be used to pay off existing CommonWealth One loan balances. Variable credit card rate information: This APR will vary with the market based on the Prime Rate. Equal Opportunity Lender. For more information, please contact us.
Loan Rates APR* RangeNew Cars
Up to 36 months 1.49 - 9.99%
37 - 60 months 1.74 - 10.24%
61 - 72 months 2.24 - 10.74%
73 - 84 months 2.99 - 11.49%
Used Cars: 2010 models and newer
Up to 36 months 1.49 - 9.99%
37 - 60 months 1.74 - 10.24%
61 - 72 months 2.24 - 10.74%
73 - 84 months 2.99 - 11.49%
Used Cars: 2009 models and older
Up to 60 months 3.74 - 12.24%
61 - 72 months 4.24 - 12.74%
Home Equity Loans
Zero Equity Loan 6.90 - 18.00%
EquityPlus 3.74 - 7.74%
EquityFive (variable) 3.74 - 7.74%
EquityLine (variable) 3.25 - 7.25%
OneLine of Credit (variable) 8.00 - 11.25%
Personal Loans (up to 60 months) 7.90 - 16.40%
Visa Signature Rewards 9.99 - 17.99%
Visa Platinum Rewards 8.99 - 16.99%
Visa Platinum 7.99 - 15.99%
February10
Win up to
$500!Learn more at cofcu.org!
Resolution 2016Set up a savings goal in Money Tools in Online Branch before February 29, and be entered to win a $500 or $250 prize, or one of three $100 prizes.
SAVE MORE AND WIN WITH MONEY TOOLS!
PLANT THE SEED FOR A SPRING MOVE!
Apply for a mortgage at CommonWealth One today.Visit cofcu.org/mortgage to learn more.
