Neighborhood Banking
Your Neighborhood. Your Credit Union.
At CommonWealth, Neighborhood Banking is more than a promise. It's about helping our members and communities thrive. Whether you're opening your first account, buying a home, or planning for what's next, we offer simple, convenient financial solutions designed to support every stage of life.
Our support extends beyond banking. From sponsoring this year's Morgan Hill Freedom Fest to serving as the presenting sponsor of Fireworks on the Green, we're proud to invest in the people, places, and events that make our communities stronger.
We're honored to be recognized as Best Local Credit Union in the Best of Morgan Hill program for nine consecutive years and counting, and to have earned Best Local Credit Union in the 2026 Best of Gilroy program less than a year after opening our Gilroy Branch.
Wherever you are on your financial journey, CommonWealth is here to help you move forward with confidence.
Not a member yet?
Join CommonWealth, and we'll give you $200 when you open a Rewards Checking Account* and use the same promo code STILLHERE.
See Why Our Members Love Our Rewards Checking
Looking for a better way to bank? Join CommonWealth and enjoy 2.50% APY1 on your checking balance—just for doing everyday things like using your card and going paperless.
It’s smart, rewarding, and totally free—no monthly fees, no minimum balance.
Why members love it:
- Get paid up to 2 days early2
- Access 30,000+ surcharge-free ATMs
- Stay on budget with easy money tools
If you're ready for a checking account that actually works for you, we’d love to have you.
Explore Rewards Checking
Neighborhood Banking
Here matters. We are your neighbor. We live here, work here and help here too. At CommonWealth, your financial well-being matters to us. Whether your financial goals include a new home, a car, a dream vacation, or a secure retirement, we are here to help! We have resources and financial solutions to help you in-person or online.
*Membership in CommonWealth is required. Offer applies to new checking accounts only. A minimum $50 deposit is required in checking account to receive gift. Subject to $200 fee for closing checking account within 6 months. 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 12/31/2026 Offer is subject to cancellation without notice and cannot be combined with any other offer. Use promo code STILLHERE.
1APY=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. Members with an existing CommonWealth checking account may convert their current account into a Rewards Checking account. 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.
2At our discretion, we may make the funds for certain ACH 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.
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