Arlington Community Federal Credit Union plans to merge with another mid-Atlantic credit union and take on its name.
The 74-year-old credit union — which has nearly 25,000 members in Arlington, Alexandria, Falls Church and Fairfax County — has announced plans to merge with Alexandria-based CommonWealth One Federal Credit Union.
If the merger receives regulatory approval and a membership vote, the new credit union will have 10 branches and over $1 billion in assets.
“Both of our credit unions have proud histories of serving and empowering members,” Arlington Community CEO Karen Rosales said in a press release. “We’re excited to join forces to continue to enhance value for our members, optimize tools for our employees and synergize efforts to deepen impact in our communities.”
The combined credit union will just go by the CommonWealth One name, which “reflects a more inclusive representation of the combined membership and aligns with the shared vision for the future of the credit union,” according to an FAQ.
A vote on the merger is expected in spring 2026, followed by operational integration in late 2026 and early 2027.
Rosales will lead the combined credit union while current CommonWealth One CEO Frank Wasson will continue in a consulting role before retiring in December 2026.
CommonWealth One has about $544 million in assets and over 38,000 members in Alexandria, D.C. and Harrisonburg, Va.
