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 220th largest credit union in the state of Texas. It is also the 2,806th largest credit union in the nation. It was established in 1963 and as of June of 2020, it had grown to 15 employees and 3,370 members at 3 locations. Common Cents Credit Union's CD rates are 68% higher than the national average, and it 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.
See current membership details

Related Posts

Kasasa Cash, 3% Up To $25K - 5/22/2020

Field of membership includes residents of Jefferson and Chambers Counties in Texas. Have at least 12 debit card purchases over $10.00 post and settle Be enrolled and receive e-statement notice Be enrolled and log into online banking Have at least 1 automatic payment, ACH debit or credit, or Remote Deposit post and settle

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
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.

Health Grade Components

Overall
NCUA #15788
Year Chartered1963
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD-0.96%
Return on Equity - YTD-7.78%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$34.9MM$32.2MM
LoansQ2 2020vs Q2 2019$25.3MM$25.5MM
DepositsQ2 2020vs Q2 2019$30.4MM$26.6MM
Equity CapitalQ2 2020vs Q2 2019$4.2MM$4.3MM
Loan Loss AllowanceQ2 2020vs Q2 2019$486.00K$166.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$522.00K$436.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Common Cents Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.20% $25k+

Common Cents Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%-$25kKasasa Cash
0.05%--Share Draft Checking

Common Cents Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--30 Month CD
1.51%--12 Month CD
1.01%--6 Month CD

Common Cents Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%--24 Month IRA
1.77%--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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