Earn More. Stress Less!
Earn While Experiencing Better Banking!
Join today.
Join CommonWealth Central Credit Union and start earning while you explore what makes you happy. With personalized financial solutions and a commitment to your well-being, we’ll help you achieve your goals faster, giving you more time for the adventures that matter most.
At CommonWealth Central Credit Union, financial well-being isn’t just about numbers—it’s about people, dreams, and the communities we call home.
Still Here. Still Local. Still YOUR Credit Union.
Earn While You Explore What Makes You Happy!
Become a Member
and jumpstart your financial future with us.
Earn $200
when you open a free high-yield Rewards Checking and use promo code EARN!**1
Unlock the Gift
of financial freedom with access to free sessions with Certified Financial Counselors.
Qualifying for Membership is Simple
just live or work in Santa Clara, San Benito, or Monterey County.
Rewards Checking — 2.50% APY
A great way to earn more from the account you use most.
- No minimum balance, no monthly fees1
- Earn 2.50% APY*1 on balances up to $20,000
- Get Paid Up to 2 Days Early with Direct Deposit2
Emergency Savings — up to 3.00% APY
Preparing for the unexpected is easy with savings options tailored to you.
- No minimum balance, no monthly fees
- Earn up to 3.00% APY*
- Open with just $25, and we'll add $25 to match it3
Auto Refinance — earn 1% cash back
We help your car payment work for you, not against you.
- Earn 1% cash back when you refinance your loan from another lender4
- Competitive rates
- Flexible terms
“When I first opened my membership, my only connection to CommonWealth was my car payment. Today, I feel like I’ve built a true financial partnership that supports my broader goals. With lower payments and expanded services such as my checking account and credit card, I feel more empowered, confident, and excited about my financial future.”
— Reginald, Member since 2023
Ready to get started?
About Us
Your Goals. Our Focus.
For over 65 years, CommonWealth Central Credit Union has been committed to your financial well-being. From innovative banking solutions to personalized guidance, we’re here to help you build confidence, stability, and success.
Proudly serving members across Santa Clara, San Benito, and Monterey Counties—including Morgan Hill, Gilroy, San Jose, Hollister, and beyond—helping them achieve their financial goals with personalized solutions and compassionate guidance.
FAQs
-
Who is eligible to join CommonWealth?
CommonWealth membership is open to anyone living or working in Santa Clara, San Benito, or Monterey County, or a relative of a current member.
-
How simple is it to make a switch to a different financial institution?
It’s simple to transition to CommonWealth. Just follow these five steps:
- Open your new accounts. Explore our checking and savings options and select what’s right for you.
- Update your direct deposits and automated payments. Ask your employer for a new direct deposit form.
- Keep your old accounts open for at least one month, with enough cash to cover any unpaid bills or checks.
- Close your old accounts once all outstanding payments have cleared, then transfer any remaining funds.
- Activate online and mobile banking to get anytime, anywhere access to your accounts and budgeting tools.
*APY=Annual Percentage Yield.
**Special offer applies to new checking accounts only. Subject to $200 fee for closing checking account within 6 months. A minimum $50 deposit is required in checking account to receive gift. All new accounts will be verified by Chex Systems. Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT. Offer expires 7/31/2026. Offer is subject to cancellation without notice and cannot be combined with any other offer. Use promo code EARN.
1Rewards Checking. Rate is variable and subject to change at any time. To qualify for the 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. Limit one Rewards Checking account per member. All new accounts will be verified by ChexSystems.. No monthly service charge for Rewards Checking. You must opt-in to eStatements to have the $2 monthly paper statement charge waived.
2At our discretion, we may make the funds for certain ACH credit transactions, including most payroll deposits, available to you before the scheduled payment date of the deposit. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
3The 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.
41% cash back offer valid only for vehicles refinanced from another financial institution. 1% cash back will be paid at loan closing. Refinance of existing CommonWealth auto loans do not qualify. You must keep your auto loan open for 12 months in order to keep the 1% cash back incentive. Cash back incentives over $2,000 are subject to IRS reporting on form 1099-MISC.
Membership in CommonWealth is required.
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