CommonWealth One Federal Credit Union honored with 1st Place in the 2011 Desjardins Youth Financial Education Awards
CommonWealth One Federal Credit Union has been honored with a 1st Place state-level award within its asset category in the 2011 Desjardins Youth Financial Education Awards. As a 1st Place winner, CommonWealth One's entry has been forwarded to the Credit Union National Administration to compete at the national level.
- Washington, DC-MD-VA-WV (1888PressRelease) September 16, 2011 - CommonWealth One Federal Credit Union has been honored with a 1st Place state-level award within its asset category in the 2011 Desjardins Youth Financial Education Awards. The Desjardins program was created by the Credit Union National Administration (CUNA) to recognize leadership within credit unions for their commitment to teaching and promoting financial literacy. As a 1st Place winner, CommonWealth One's entry has been forwarded to CUNA to compete at the national level.
CommonWealth One's award-winning entry emphasized the credit union's partnership with Alexandria City Public Schools. Over 1,000 students were educated by CommonWealth One during the 2010-2011 school year.
Susanne Waltemyer, CommonWealth One's Business Development Manager, said: "We are very pleased and honored to have received this award for our financial education work within the City of Alexandria. Our goal is to foster a comprehensive money management program that will help today's children become tomorrow's savvy consumers".
The credit union, in partnership with a faculty member and a parent, developed an innovative program specifically for the second graders at Mount Vernon Community School in Alexandria. This program enhances the second grade Economics curriculum with financial literacy lessons and activities, meeting many of the required Standards of Learning (SoL). As a result, almost one hundred second grade students received supplementary education about money management.
About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union has grown to become one of Northern Virginia's top credit unions with over $295 million in assets serving more than 36,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members.
CommonWealth One Federal Credit Union offers Checking Accounts, Mortgages, Home Loans, Auto Loans, Savings Accounts, Money Market accounts, IRAs and more in Washington, DC or Virginia. We have remained true to our philosophy of "people helping people" - providing members with loans, savings plans, and special services to achieve their long-term financial goals and help them enjoy a better way of life. Our excess earnings are returned to our members in the form of higher dividend rates, lower interest rates on loans and low or no fees. For information on our history, upcoming events, and more visit www.cofcu.org.
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