(800) 564-1588

Serving Santa Clara County

On the Go Banking 

"Joined in 1997! Never once considered leaving, even during 4 years living in the Midwest. Most excellent customer care and service. Spoiled - I would NEVER consider a commercial big bank!"

-William S.

Membership Promotion

*Membership in CommonWealth required. Valid for new members and new checking only. Limit one new checking account per new member. Subject to $100 fee for closing account within 6 months. All new accounts will be verified by Chex Systems. Members with an existing CommonWealth checking account are not eligible. Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT. Referral incentives totaling over $599.99 in a calendar year are subject to IRS reporting on form 1099-NEC. Offer is subject to cancellation without notice and cannot be combined with any other offer. Use promo code: Neighbor

Get To Know You Savings

¹ APY=Annual Percentage Yield. Get to Know You Savings offer only available to new members during the first 60 days from the date of opening a membership account. Fees may reduce earnings. Minimum deposit required to open Get to Know You Savings is $50. Rates are variable and subject to change at any time. Limit one Get to Know You 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. Membership in CommonWealth is required.

Rewards Checking

² APY=Annual Percentage Yield. Rate is variable and subject to change at any time. To qualify for the Rewards Checking APY, you must meet the following requirements by the end of each month: be enrolled in eStatements, have direct deposit or ACH deposit transactions totaling $300 or more per month, and have at least 15 debit and/or credit card transactions per month. All qualifying transactions must post to the account and the funds must be available by 3:00pm on the last day of each month. Note: Debit and credit card purchases can take up to 3 days to post and are dependent upon merchant processing times. If you do not meet the Rewards Checking account requirements, you will not receive the APY. Rewards Checking APY is up to a max balance of $20,000 and thereafter standard rate of 0.05% will apply. Membership in CommonWealth required. Limit one Rewards Checking account per member. All new accounts will be verified by ChexSystems. Offer is subject to cancellation without notice and cannot be combined with any other offer. No monthly service charge for Rewards Checking. You must opt-in to eStatements to have the $2 monthly paper statement charge waived.

HELOC and Home Equity

³ APR = Annual Percentage Rate. The rate you receive will be based on certain creditworthiness. The initial rate for the Intro Rate Home Equity Line of Credit is a fixed rate not based on the index and margin used for subsequent rate adjustments. The Intro Rate HELOC has two options: an initial rate of 1.99%  APR fixed for the first 12 months or an initial rate of 2.99% APR fixed for the first 24 months. After the introductory rate of 12 or 24 months the APR can vary and is based on Prime Rate plus a margin of 0.00% to +5.00% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal "Money Rates" table on the 20th of the prior month. Minimum APR 4.00%, maximum APR 18.00%. Intro Rate Home Equity Line of Credit up to 80% CLTV with loan amounts of $10,000 - $500,000. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay interest accrued on that balance monthly. After the draw period, you may not withdraw any more funds from the line. Your loan is then amortized and you begin to pay the principal and interest monthly. Offer not applicable on refinance of existing CommonWealth HELOCs. There are no loan processing or early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow. Offer not applicable on refinancing of existing CommonWealth HELOCs or within 24 months after the closed date of the 12 mos or 24 mos Intro Rate Home Equity Line of Credit. All third-party fees associated with the loan at origination that was not collected at the time of origination will have to be reimbursed to the credit union if the line of credit is closed within 24 months of the opening date. Rates, terms, and conditions are subject to change without notice.

⁴ APR = Annual Percentage Rate. The rate you receive will be based on certain creditworthiness. The APR is fixed and may be up to 5% higher based on credit rating. Fixed Rate Second Mortgage up to 80% CLTV with loan amounts of $10,000 - $500,000. There are no loan processing or early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow. All rates are subject to approximate loan term limits and certain restrictions may apply. Rates are subject to change without notice. There are minimum loan amounts required for some loan terms. Contact us for minimum loan amounts by term, maximum loan amounts and loan-to-value requirements. Additional conditions apply. Consult a tax advisor regarding the deductibility of interest. Call (800) 564-1588 for additional information.

Auto Loans

⁵ If you take advantage of the “no payments for 90 days” option finance charges will still accrue, the total finance charges paid on your loan will increase, and the maturity date of the loan will be extended. Minimum FICO score 680.

Access your CommonWealth Central Credit Union accounts at your convenience, whether you are on the go or simply relaxing at home. 

Some of the many features include:

• Check account balances and transaction history
• Apply for a loan 
• Pay bills 
• Mobile deposit
• Transfer funds 
• Find the nearest branch and ATMs
• Budgeting tools that allow you to sync external accounts

You live or work in Santa Clara County.

You are an employee of a participating CommonWealth Member Company.

You are a relative of or you reside with a current CommonWealth member.

Who can join?

Federally Insured by NCUA

You can join if you meet one of the qualifications below.

Rewards Checking

Earn 2.00% APY² on balances up to $20,000 when you do a few simple things each month:

• Make 15+ transactions with your debit card and/or Visa credit card
• Have direct deposit or ACH deposit transactions totaling at least $300
• Receive eStatements

Also enjoy these valuable benefits:

• Save money with no monthly fees²
• No minimum balance required to earn dividends

Back in 1958, the credit union started with just 10 members who together deposited $104 to form a credit union that would later become CommonWealth Central Credit Union. 

Over the last 60+ years, CommonWealth has grown to over 38,000 members and over a half a billion dollars in assets. The Credit Union’s continued success has allowed them to give back and make a meaningful impact in their local communities. As a not-for-profit, member-owned financial cooperative with deep roots in Santa Clara County, CommonWealth is dedicated to improving the financial well-being of its members and communities. Providing financial tools, resources and common sense solutions for both adults and children underscores this commitment. 

We are dedicated to improving the financial well-being of our members and communities. Their success is our passion.

Ready to be rewarded for the things you do every day? That’s exactly what you’ll get with our Rewards Checking Account. 

Earn 2.00% APY²  with a new

With CommonWealth, there are no annual fees, loan processing fee, or early closure fees and no pre-payment penalties.

Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow.

Real Estate loans are available for owner-occupied properties in the state of California only.

A Home Equity Loan is often referred to as a Second Mortgage.

This is a great choice for one-time planned expenses or to consolidate debt.

• Borrow up to 80% of the equity in your property
• Loan amounts from $10,000 to $500,000
• Payments over 7 years, 15 years, or  20 years
• Receive the entire loan amount as a lump sum

Take advantage of rates as low as 6.25% APR⁴ for a 7-year term.

A Home Equity Line of Credit is often referred to as a HELOC.

This is a great option if you’re looking to be able to take out money at various times when you need it

• Borrow up to 80% of the equity in your property
• Loan amounts from $10,000 to $500,000
• 10-year draw and a 20-year repayment period
• Low interest-only payment options

^{Enjoy a low introductory rate of only 4.49% APR3 fixed for the first 24 months, and as low as 8% APR3 thereafter!}

Make your home investment

Work for You

Auto Loans

About CommonWealth 

Get To Know You Savings

At Commonwealth, we are here to help you achieve your financial goals. 

Our special Get To Know You Savings Account features rates as high as 2.00% APY¹

to help you make the most of your savings. Whether you are saving up for a down payment on your dream house, a new car, a college fund for your kids, or even just saving that emergency fund for a rainy day, earning high dividends can go a long way in helping your goals become a reality.

CommonWealth Central Credit Union

Average Annual Savings

when you open a CommonWealth Central Credit Union Account

HELOC

AUTO LOAN

CREDIT CARD

CHECKING

MONEY MARKET

CERTIFICATES

$335

$531

$83

$147

$1,458

$332

Stop by a branch or open your account online today!

Don't forget to mention the promo code "Neighbor" and we'll deposit $100 into your new checking account right away!

At Commonwealth, we offer competitive auto loan rates that will leave you feeling nothing but comfortable and confident in your purchasing decision. Know exactly how much car you can afford—all before you step foot onto another lot.

Top 5 reasons to get an auto loan with CommonWealth

• Competitive rates
• Flexible car-buying terms
• No payments for 90 days ⁵
• Easy loan application process
• And an auto buying concierge service available

Whether you're looking to buy a new car, or refinance your current auto loan from another financial institution, we are here to help.