CommonConnection

Return to All Articles

Start the New Year Strong: 
Build Savings or Access Emergency Support

Turn Small Steps into Big Savings  
with Our Emergency Savings Account

Life can be unpredictable, but you can take control with our Emergency Savings Account. Start small, save consistently, and enjoy these great benefits:

Earn More 
Grow your savings faster with up to 3.00% APY* —make every dollar count.

Start Simple 
Open your account with just $25¹, and we’ll match it to help you get started.

Save Without Stress 
No monthly fees or minimum balance requirements mean one less thing to worry about.

Stay Motivated 
Meet annually with a Money Coach, and keep your financial goals on track.

Build your emergency fund with confidence—enjoy peace of mind and financial stability when life throws you a curveball. Click here to learn more.

Handle Life’s Surprises with Confidence:
 Introducing Our Emergency Loan

Life doesn’t always go as planned. A sudden car repair, an unexpected medical bill, or a last-minute trip can disrupt even the best-prepared  budget. For those times when your savings aren’t enough to cover an unexpected expense, CommonWealth’s Emergency Loan is here —a smart, member-exclusive solution designed to provide fast,  affordable support when you need it most.

Flexible Options for Any Need 
Borrow $500 or $1,000 at as low 7.99% APR²—perfect for unexpected expenses without breaking the bank.

No Hidden Costs 
Enjoy zero fees and no prepayment penalties, so you can focus on what matters most.

Quick Turnaround 
Get approved and funded—often the same day— because emergencies can’t wait.

A Smarter Alternative 
Avoid payday loans and high-interest credit cards with this simple, low-cost solution.

Who Qualifies for an Emergency Loan?
This exclusive benefit is available to members who meet the following criteria:²
Membership for over one year
An active CommonWealth checking account
At least $500 in monthly direct deposits
CommonWealth’s Emergency Loan helps you manage life’s surprises and stay on track—even when savings fall short. Learn more about this value member benefit by clicking here. 

^*APY=Annual Percentage Yield. The Emergency Savings account is a tiered account. Rates are variable and subject to change at any time. Minimum deposit required to open Emergency Savings is $25. To maintain account, an automatic transfer, direct deposit, or ACH deposit transactions totaling $25 or per month required. Limit one Emergency Savings account per member. Offer is subject to cancellation without notice and cannot be combined with any other offer. The maximum deposit is $250,000. For more details, visit wealthcu.org/deposit-rates.

¹Promotional Offer. CommonWealth Central Credit Union will deposit $25 into the Emergency Savings Account after the member makes the initial $25 deposit required to establish the account. Member receiving cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT. This offer is subject to cancellation at any time. 

²APR = Annual Percentage Rate. Emergency Loan options include $500 for a 6-month term or $1,000 for a 12-month term, both at a fixed rate of 7.99% APR. Loans may be subject to credit approval. Member must meet certain criteria, including but not limited to: holding membership for at least one year, maintaining a checking account, receiving monthly direct deposits totaling $500 or more, and keeping their membership in good standing. Based on current member relationship, members may qualify for a no-credit-check option. Certain restrictions may apply. Rates are subject to change without notice.  Loan Payment Example: $85.29 per month for a $500 loan borrowed at 7.99% APR for 6 months or $86.98 per month for a $1,000 loan borrowed at 7.99% APR for 12 months. 

Share the Perks with Loved Ones!

Invite your friends and family to experience the same personalized financial solutions you've come to love!

Learn More!

Empowering Your Future

 For the first time, we’re excited to offer $1,000 scholarships not only to high school seniors, but also to adult members pursuing further education.

Learn More! 

Exclusive Discounts on Tax Prep!

 This tax season, take advantage of exclusive, members-only savings on tax solutions that will help make filling your taxes easy.

Learn More!

Scam Alerts

Stay Connected With Us

 Free Financial Counseling

Locations |  wealthcu.org  |  (800) 564-1588

Holiday Closure
Presidents' Day - Monday, February 17th

Federally Insured by NCUA