Important COVID-19 Information

At CommonWealth, we are continuing to monitor developments related to COVID-19. We have taken precautions and are following the guidance and proactive steps from local health officials. In accordance with the Shelter-In-Place order around the Bay Area, banks and credit unions are considered "essential services" and we will currently remain open. 

We’re here to help.
We realize that the uncertainty about the spread of COVID-19 may cause stress and anxiety. We know that even during these times, you still have financial needs and we are here to help. We are continuing to monitor the situation and will provide further updates as they become available. 

CommonWealth Update 06/1/2020

Temporary REG D account transfer limit updates

Due to the current economic environment, the Federal Reserve Board has temporarily modified the Regulation D (Reserve Requirements of Depository Institutions) transfer limit of 6 per month from savings accounts to unlimited. There will be no Reg D fees for exceeding 6 transfers per month.  For more details from the Federal Reserve Board click here

Stimulus Check Update

  • The IRS has submitted their first round of Economic Impact Payments (stimulus checks) which was deposited into accounts around April 15th. Over several weeks beginning the week of April 20th, many recipients will receive payments via check.
    • To track your stimulus check, use the IRS tool, Get My Payment.
    • Or set an alert in Online & Mobile Banking to be notified when you receive your stimulus check. Click here for alert instructions. 
  • If accounts are overdrawn, any deposits are automatically applied to cover negative balances. However, we are committed to ensuring you have full access to your CARES Act stimulus funds. Please contact us if you have any questions or need further information on how we can help you.

We are here to serve you. 

  • Branch locations - Visit the branch only when necessary. In addition, we are following county health officials Social Distancing Protocol:
    • Anyone entering the branch is required to wear a mask or face covering
    • By limiting the number of members in a branch at one time
    • Asking members to maintain a minimum six-foot distance from one another 
    • If you have a cough or fever, do not enter the branch
    • Cough or sneeze into a cloth, tissue, or your elbow
    • And do not to shake hands or engage in unnecessary physical contact
  • For the health and safety of our employees and our members, we have adjusted our branch hours.
    Temporary Branch Hours — All Locations

    Monday through Thursday - 9:00am to 5:00pm
    Friday - 9:00am to 6:00pm
    Saturday - Closed

     
  • Call Center – Our Call Center remains open during regular business hours. Please note you can send us a secure message through Online Banking or chat with us live. Just click on the Live Chat.

Financial Assistance Programs

  • Skip-A-Pay Program — In light of these challenging times, we are allowing you to skip up to 2 payments per loan. We hope our Skip-A-Pay program will provide you some relief should you need it.
  • Credit Card Deferral Form — Our members' financial well-being matters to us. Find assistance where you need it.
  • Mortgage Assistance Program — Please reach out to explore options that may help ease the financial impact of an unexpected income disruption.  
  • Emergency Relief Loan — If you are experiencing financial difficulties, we are here to help. Our low-rate Emergency Relief loan was built to provide some financial assistance to you during this difficult time. Click here to learn more.
  • Members With Debt Protection May Be Eligible For Benefits: If you purchased Wealth Protection on a loan with us and are having financial issues due to a protected loss, please contact us to file a claim or discuss what benefits may be available. If elected, the protection may cancel your loan balance or monthly payment in the event of a protected event, like a disability or period of involuntary unemployment. Please contact us for more information including terms and conditions.

We want you to know that you're a valued member and we're in this together. Please feel free to contact us here or call us at (800) 564-1588 with any questions or concerns so that we can better assist you. With that in mind, we want your feedback. Please take a few moments to share your thoughts with us by completing a short 5 question survey.

Tell Us How We Are Doing

 

  • A message from CommonWealth

    The health and wellness of our members and employees are of the utmost importance to us. At CommonWealth, we are continuing to monitor developments related to COVID-19. We have taken precautions and are following the guidance and proactive steps from local health officials. We continue to sanitize work areas nightly and we have implemented measures to help employees remain healthy and protect others around them.

    While our branch offices are still open to serve you, please note that we do offer additional tools and resources to help you do your banking without having to walk into one of our locations should you choose not to. Here are a few options:

    •  Visit an ATM to make deposits and withdraw cash
    •  Make purchases with your CommonWealth debit or credit cards at merchants, online and through your mobile wallet
    • Login to Online Banking from your computer or mobile phone to check balances, make transfers and loan payments and view your activity
    • In addition, you can pay your bills using our Bill Pay system from within Online Banking
    • You can deposit your checks from the comfort of home with mobile deposit, accessible through our mobile app
    • Chat with us via our website or securely through Online Banking (during business hours)
    • Apply for loans and new accounts online
    • Reach us by phone for general questions, transaction assistance, loan applications, and new account opening
       

    We’re here to help.
    We realize that the uncertainty about the spread of COVID-19 may cause stress and anxiety. We know that even during these times, you still have financial needs and we are here to help. Please feel free to contact us with any questions or concerns you may have so that we can assist you. 

    We are continuing to monitor the situation and will provide further updates as they become available. If you have any questions, please feel free to give us a call at (800) 564-1588.

  • Ways we can help

    We are here to help you if you've been negatively affected by the COVID-19 pandemic. We understand that there may be instances where our members may experience some financial difficulties. We encourage our members who may be impacted to reach out to discuss how we can help. 

    We may be able to assist you with:

    • Defer payments for your, Auto, Motorcycle, Personal, and more — Skip-A-Pay Program
    • Defer credit card payments — Credit Card Deferral Form
    • Mortgage assistance program — Mortgage Assistance Program Form
    • Some financial assistance — Emergency Relief Loan
    • Members With Debt Protection May Be Eligible For Benefits: If you purchased Wealth Protection on a loan with us and are having financial issues due to a protected loss, please contact us to file a claim or discuss what benefits may be available. If elected, the protection may cancel your loan balance or monthly payment in the event of a protected event, like a disability or period of involuntary unemployment. Please contact us for more information including terms and conditions.

    Other ways we can help:

    • Refund ATM-related fees
    • Waive early withdrawal fees on certificates
    • Expedite a new debit or credit card

    Please don't hesitate to reach out to us, so we can help assess your situation. Together we will get through this. You can call us at (800) 564-1588 or email us at service@wealthcu.org. 

  • Mortgage Hardship Assistance

    We know that these unprecedented times are challenging for everyone. If you have been financially affected by the recent events remember that we’re in this together. Please reach out if you need assistance and we can explore options that may help ease the financial burden. 

    We're here to assist you with your:

    • First Mortgage
    • Home Equity Line of Credit
    • Fixed 2nd Mortgage/Home Equity Loan
    • If you are looking for assistance with your other loans and credit cards click here.

    Reach out to us:

    • Complete a contact form and a representative will contact you within 1 business day
    • Or call us at Monday through Friday between 9:00am and 5:00pm at (800) 564-1588
  • Decrease exposure by using remote services

    While our branch offices are still open to serve you, please note that we do offer additional tools and resources to help you do your banking without having to walk into one of our locations should you choose not to. Here are a few options:

    Types of Transactions Ways to access

    Money Withdrawals

    ATMs, Local Branch (reduced hours)

    Check Deposits

    Mobile App, ATMs

    Make Purchases

    Digital Wallets

    Loan Payment

    Online Banking, Mobile App, wealthcu.org, or call us at
    (800) 564-1588

    Check Balance, Transfer Funds, Order Checks

    Online Banking, Mobile App

    Pay Bills

    Online Banking, Mobile App 

    Apply for Loan

    Online Banking/Mobile App (existing members), Apply for Loan

    Apply for New Membership

    Join Now

    Open New Account
    (existing members)

    Online Banking, Mobile App

    Lost/Stolen Card

    Call us at (800) 564-1588 option 6
    or (800) 472-3272 (after hours)
    Wire Transfer,
    Stop Payment Request,
    Card Holder Dispute 
    Online Forms

    General Questions

    Send a secure message (Online & Mobile Banking), submit a Contact Us Form, Chat with us, call us at (800) 564-1588

  • Ways to stay healthy and prevent the spread of COVID-19

    Prevention tips:

    • Avoid close contact with people who are sick
    • Avoid touching your eyes, nose, and mouth
    • Stay home when you are sick
    • Cover your cough or sneeze with a tissue, then throw the tissue in the trash
    • Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe
    • Wash your hands often with soap and water for at least 20 seconds (think Happy Birthday song), especially after going to the bathroom, before eating; and after blowing your nose, coughing, or sneezing.
      • If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash your hands with soap and water if hands are visibly dirty.

    For more information about the Coronavirus, visit the CDC website

  • Tips to Avoid Coronavirus Scams

    Cyber-criminals are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information. These emails and posts may be promoting awareness and prevention tips, and fake information about cases in your neighborhood. They also may be asking you to donate to victims, offering advice on unproven treatments, or contain malicious email attachments.

    Here are some tips to help protect you from scammers:

    • Don’t click on links from sources you don’t know. It could download a virus onto your computer or device that can steal your personal information. Make sure the anti-malware and anti-virus software on your computer is up to date.
    • Watch for emails claiming to be from the Centers for Disease Control and Prevention (CDC) or experts saying they have information about the virus. For the most up-to-date information about the Coronavirus, visit the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO).
    • Ignore online offers for vaccinations. There currently are no vaccines, pills, potions, lotions, lozenges or other prescription or over-the-counter products available to treat or cure Coronavirus disease 2019 (COVID-19) — online or in stores.
    • Do your homework when it comes to donations, whether through charities or crowdfunding sites. Don’t let anyone rush you into making a donation. If someone wants donations in cash, by gift card, or by wiring money, don’t do it.
    • Scammers – and scammy companies – are using illegal robocalls to profit from Coronavirus-related fears. To Listen to some of the latest scammy robocall pitches, so you can be on the lookout and know how to respond, click here.
       

    To learn more about how to avoid scams visit the Federal Trade Commission (FTC).


    Coronavirus stimulus payment scams: What you need to know

    We know there’s been a flood of information and updates about the government’s economic impact payments, or so-called stimulus checks, lately. But quickly and safely moving massive amounts of money into the hands of those who need it is a big job with a lot of moving parts. We also know that the more you know about the process, the less likely you’re going to be tripped up by calls, text messages, or emails from scammers trying to steal your money or personal information. Here’s what you need to know about the stimulus payments and how to avoid scams related to these payments.

    For more information from the Federal Trade Commission, Click Here.

  • Financial Wellness

    The Complete Guide To Prioritizing Bills During a Financial Crunch (4 minute read) — If you are one of the millions of Americans on furlough thanks to COVID-19, you may be scrambling to cover your bills. Let’s take a look at what financial experts are advising so you can make an informed decision about your finances going forward.

    Financial Dos and Don'ts During COVID-19 (5 minute read) — With all this uncertainty, it’s easy to fall into a panic and wonder if there are some concrete steps you should be taking to save your finances. Here are some practical dos and don’ts to help you maintain financial stability and peace of mind during this time.

    Life's Curveballs — In a perfect world, everything would go according to plan. But in order to prepare yourself for our imperfect world, it's important to set aside income for life's unexpected twist and turns. There are ways to prepare for and manage the hard financial times that come your way.

    Youth Resources — During these constantly changing times, we want to make sure our youth members can continue to boost their knowledge! We have gathered some of our favorite youth resources to get you started.

    Additional Educational Resources