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CommonWeath One Federal Credit Union's Board of Directors announced on Friday that Frank Wasson as been named as president/CEO of the Alexandria, Va.-based credit union. He will take over the position from Charlotte Cash who retired this month.
Since the credit union was founded in 1944, according to the announcement from CommonWealth One FCU ($477.9 million in assets, 37,074 members), Wasson is the fourth president/CEO of the credit union.
CommonWealth One FCU's Chairman of the Board, Rupert Jennings said, "After a nationwide search that identified a number of highly qualified candidates as potential replacements for our retiring CEO, the current Board of Directors is pleased to announce that we have selected Frank Wasson. We are confident that Mr. Wasson is best qualified to lead our talented, resilient, and dedicated staff for our next chapter as we continue to change people's financial lives for the better during the next 75-plus years and more!"
Frank Wasson Wasson previously served as the president/CEO of First Entertainment Credit Union in Hollywood, Calif, Chief Information Officer at Partners Federal Credit Union in Burbank, Calif., Chief Operating Officer at CBC Federal Credit Union in Oxnard, Calif. and Senior Manager/Director of Technology Strategy at the Walt Disney Company.
"I am excited and proud to be a part of the CommonWealth One Federal Credit Union team, in their long-standing mission to provide financial security and well-being in our community," said Wasson. "This is an important time for our credit union, and I look forward to serving the members and team at CommonWealth One as their CEO."
CommonWealth One FCU has branches in Alexandria, Va., Washington, D.C. and Harrisonburg, Va.
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Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
