Common Cents Credit Union

Overview / Commentary
8109 Smith Rd
Beaumont, TX 77705

Common Cents Credit Union is headquartered in Beaumont and is the 223rd largest credit union in the state of Texas. It is also the 2,919th largest credit union in the nation. It was established in 1963 and as of September of 2021, it had grown to 16 employees and 3,461 members at 3 locations. Common Cents Credit Union's savings rates are 44% 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

CommonCents Credit Union (TX) Has Competitive Rewards Checking Account - 6/25/2021

CommonCents Credit Union (Texas) offers competitive rates on its Ultimate Cash Checking, Ultimate Cash Back, and Ultimate Savings accounts.

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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.

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

NCUA #15788
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD5.8%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$34.1MM$34.8MM
LoansQ3 2021vs Q3 2020$21.7MM$24.5MM
DepositsQ3 2021vs Q3 2020$29.5MM$30.2MM
Equity CapitalQ3 2021vs Q3 2020$4.2MM$4.1MM
Loan Loss AllowanceQ3 2021vs Q3 2020$626.00K$606.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$279.00K$662.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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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

0.75%*-$25kUltimate Savings
OTHER TIERS: 0.20% $25k+
0.20%--IRA Share Account

Common Cents Credit Union Money Market Rates

0.20%--Money Market

Common Cents Credit Union Checking Account Rates

2.78%*-$25kUltimate Cash Checking
OTHER TIERS: 0.20% $25k - $25k
0.05%--Share Draft Checking

Common Cents Credit Union CD Rates

0.35%$1k-24 Month CD
0.25%$1k-12 Month CD
0.25%$25-12 Month Save to Win CD
0.15%$1k-6 Month CD

Common Cents Credit Union IRA Rates

0.35%--24 Month IRA
0.25%--18 Month IRA

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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