Sep, 30, 2025 — COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 6 branch locations and about $521.28 million in total assets. Opened 82 years ago in 1944, COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) has about 39,829 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMONWEALTH ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4875 Eisenhower Ave ALEXANDRIA, VA 22304-4886 |
| Phone: | (703) 823-5211 |
| Fax: | (703) 650-4003 |
| Website: | https://www.cofcu.org |
| Branches: | 6 branch locations |
| Members: | 39,829 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5134 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $521,280,242 |
| CEO/Manager: | Frank Wasson |
| Chairperson: | Rupert J Jennings |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,277,503 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 228,766,231 |
| Unsecured Loans | 59,033,775 |
| Other Loans | 86,607,931 |
| TOTAL LOANS | 374,407,937 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,591,675 |
| Land And Building | 4,141,377 |
| Other Fixed Assets | 3,666,985 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,935,063 |
| All Other Assets | 213,308 |
| TOTAL ASSETS | 521,280,242 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 338,485 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 4,540,975 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 110,730,103 |
| Regular shares | 128,672,132 |
| All Other Shares & Deposits | 195,656,703 |
| TOTAL SHARES & DEPOSITS | 435,058,938 |
| TOTAL LIABILITIES | 479,938,398 |
| Regular Reserve | 0 |
| Other Reserves | 2,868,223 |
| Undivided Earnings | 38,473,621 |
| TOTAL EQUITY | 41,341,844 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 521,280,242 |
| INCOME & EXPENSE | |
| Loan Income | 18,027,982 |
| Investment Income | 2,243,777 |
| Other Income | 2,654,103 |
| Total Employee Compensation & Benefits | 7,050,785 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,921,051 |
| Non-operating Income & (Expense) | 1,233,412 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,373,771 |
| Cost of Funds | 6,429,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 805,921 |
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