Common Cents Credit Union


Overview / Commentary
409-842-5233
8109 Smith Rd
Beaumont, TX 77705

Common Cents Credit Union is headquartered in Beaumont and is the 222nd largest credit union in the state of Texas. It is also the 2,847th largest credit union in the nation. It was established in 1963 and as of March of 2021, it had grown to 15 employees and 3,478 members at 3 locations. Common Cents Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Common Cents Credit Union is open to individuals who live, work, worship, or attend school in Jefferson or Chambers County, Texas. Immediate family members of a current Common Cents Credit Union member are also eligible to join.
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Reviews (2)

A "Small" Local Credit Union

Posted by: |

I've been a member for a few months now and primarily joined to utilize their 3% Interest Kasasa Acct. I was nervous about joining such a small credit union but the extremely high interest rate was the best in the area. So far - it has worked out well and with no surprises. Will update this review if anything changes.

Not A Quality Kasasa Bank

Posted by: |

I applied to open an account to find out they hadn't posted all of the requirements on their website and yet they collected all of my personal and transfer banking information. I would not do business with this bank, because they had zero responsibility acceptance when they waited a week to respond to my request for an account.



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Common Cents Credit Union has a low asset base, and a negative return on assets.

Health Grade Components

Overall
NCUA #15788
Year Chartered1963
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD-2.79%
Return on Equity - YTD-26.5%
Annual Interest Income$503.00K
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$36.0MM$33.5MM
LoansQ1 2021vs Q1 2020$22.6MM$26.6MM
DepositsQ1 2021vs Q1 2020$31.7MM$28.8MM
Equity CapitalQ1 2021vs Q1 2020$3.8MM$4.4MM
Loan Loss AllowanceQ1 2021vs Q1 2020$761.00K$263.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$139.00K$1.1MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Common Cents Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kUltimate Savings
OTHER TIERS: 0.20% $25k+
0.25%--IRA

Common Cents Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$25kUltimate Cash Checking
OTHER TIERS: 0.76% $25 - $25k
0.05%--Share Draft Checking

Common Cents Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-24 Month CD
0.50%--12 Month CD
0.25%--6 Month CD

Common Cents Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--24 Month IRA
0.65%--18 Month IRA
Locations


Common Cents Credit Union Locations
Branch Office120 E LeBlanc StWinnie, TX 77665-7448
Branch Office8109 Smith RdBeaumont, TX 77705-6108
Branch Office595 Interstate 10 NBeaumont, TX 77706

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