CommonWealth One Federal Credit Union
CommonWealth One Federal Credit Union is a member-owned, not-for-profit federal credit union founded in 1944 that provides personal and commercial banking products to members across its four Alexandria, Virginia branch locations.
- Company typePrivate
- Founded1944
- HeadquartersAlexandria, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
CommonWealth One Federal Credit Union firmographics
Firmographics- Name
- CommonWealth One Federal Credit Union
- Legal name
- CommonWealth One Federal Credit Union
- Website
- https://cofcu.org
- Company type
- Private
- Founded year
- 1944
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CommonWealth One Federal Credit Union is a member-owned, not-for-profit federal credit union founded in 1944 that provides personal and commercial banking products to members across its four Alexandria, Virginia branch locations.
- Ownership category
- akta.pro rank
CommonWealth One Federal Credit Union industry classification
Industry- Product category
- Credit Union Banking
- NAICS
- Credit Unions (52213), Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where CommonWealth One Federal Credit Union is headquartered
LocationHeadquarters
- HQ city
- Alexandria
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
CommonWealth One Federal Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others
Revenue model
- Member Financial Services: CommonWealth One Federal Credit Union generates revenue through providing financial services to its members, including deposit products, loans, and related banking services typical of credit union operations.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
CommonWealth One Federal Credit Union product offering
Product offeringCore offering
CommonWealth One Federal Credit Union is a member-owned, not-for-profit federal credit union providing personal and commercial banking solutions. Its offerings include deposit products, loans, and related banking services delivered through a network of physical branch locations in Alexandria, Virginia. The institution operates as a financial cooperative serving its members in the local DC metropolitan market.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Solutions Personal banking products and services for individual credit union members, including deposits and related financial services.
- Commercial Banking Solutions Banking products and services designed for businesses and commercial clients served by the credit union.
- Deposit Products Deposit accounts offered to credit union members, a core category of financial services at the institution.
- Loans Loan products extended to members, representing a core lending offering of the credit union.
- Related Banking Services Additional banking services typically associated with credit union operations that complement deposit and loan products.
Companies that use CommonWealth One Federal Credit Union
Customer profileSegments1 record
Ideal customer profiles2 records
CommonWealth One Federal Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CommonWealth One Federal Credit Union partnerships and signals
Strategic signalScale indicators2 records
CommonWealth One Federal Credit Union competitors and assessment
Company assessmentBroad incumbents
- Navy Federal Credit Union: The largest credit union in the United States, federally chartered and headquartered in the DC metro area. Navy Federal is a broad incumbent serving military members and their families across the same regional footprint where CommonWealth One operates, with vastly greater scale and digital capabilities.
- Pentagon Federal Credit Union (PenFed): A large federally chartered credit union headquartered in Northern Virginia, serving a broad national membership base. PenFed is a direct overlap in the DC metro market and competes for the same Alexandria-area consumer and SMB banking relationships at a significantly larger scale.
Direct peers
- Apple Federal Credit Union: A Virginia-based federal credit union serving the Northern Virginia region, including the greater DC metro area. Apple FCU is a direct peer in terms of geographic market, federal charter, and full-service personal/commercial banking offering.
- Congressional Federal Credit Union: A DC-metro area federal credit union providing personal and business banking services. Congressional FCU directly competes for the same Alexandria-area consumer and small business relationships with a comparable federal-charter, member-owned model.
- State Department Federal Credit Union (SDFCU): A federally chartered credit union serving the DC diplomatic and government community, with a regional presence overlapping the DC metro market. SDFCU competes for similar consumer and small business banking relationships in the same geographic area as CommonWealth One.
Regional players
- Langley Federal Credit Union: A Virginia-based federal credit union headquartered in Hampton Roads, providing full-service personal and business banking. While Langley operates in a different Virginia region, it is comparable in offering, charter, and member-owned model, making it a relevant Virginia-state peer.
- Burke & Herbert Bank: A Virginia-based community bank with a long operating history serving the Northern Virginia/DC metro area, including Alexandria. Burke & Herbert competes directly with CommonWealth One for Alexandria consumer and small business banking relationships via a similar community-focused, branch-based model.
Emerging players
- Alliant Credit Union: A digital-first credit union offering full-service personal banking nationwide. Alliant represents the digital-native competitive threat that any branch-reliant community credit union faces, with a low-fee, high-yield product set attractive to members within CommonWealth One's catchment area.
Market position
Customer concentration
CommonWealth One Federal Credit Union social profiles
Digital presenceCommonWealth One Federal Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
CommonWealth One Federal Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
CommonWealth One Federal Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CommonWealth One Federal Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CommonWealth One Federal Credit Union
What does CommonWealth One Federal Credit Union do?
CommonWealth One Federal Credit Union is a member-owned, not-for-profit federal credit union providing personal and commercial banking solutions. Its offerings include deposit products, loans, and related banking services delivered through a network of physical branch locations in Alexandria, Virginia. The institution operates as a financial cooperative serving its members in the local DC metropolitan market.
Is CommonWealth One Federal Credit Union a public or private company?
CommonWealth One Federal Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was CommonWealth One Federal Credit Union founded?
CommonWealth One Federal Credit Union was founded in 1944. It employs 51 to 100 people.
Where is CommonWealth One Federal Credit Union based?
CommonWealth One Federal Credit Union is headquartered in Alexandria, United States, in the North America region.
How does CommonWealth One Federal Credit Union make money?
One revenue line is on record: member Financial Services.
Who are CommonWealth One Federal Credit Union's main competitors?
Broad incumbents on record are Navy Federal Credit Union and Pentagon Federal Credit Union (PenFed). Direct peers are Apple Federal Credit Union, Congressional Federal Credit Union and State Department Federal Credit Union (SDFCU). Regional players are Langley Federal Credit Union and Burke & Herbert Bank. Alliant Credit Union is listed as an emerging player.
Does CommonWealth One Federal Credit Union have an API?
No public API is recorded for CommonWealth One Federal Credit Union.
What industry is CommonWealth One Federal Credit Union in?
CommonWealth One Federal Credit Union's product category is Credit Union Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6035.