Common Cents Credit Union

Overview / Commentary
8109 Smith Rd
Beaumont, TX 77705

Common Cents Credit Union is headquartered in Beaumont and is the 216th largest credit union in the state of Texas. It is also the 2,787th largest credit union in the nation. It was established in 1963 and as of September of 2023, it had grown to 17 employees and 3,468 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.
See current membership details

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 - YTD-0.55%
Return on Equity - YTD-4.33%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$36MM$33.5MM
LoansQ3 2023vs Q3 2022$25.6MM$22.7MM
DepositsQ3 2023vs Q3 2022$31.1MM$28.7MM
Equity CapitalQ3 2023vs Q3 2022$4.5MM$4.6MM
Loan Loss AllowanceQ3 2023vs Q3 2022$499K$403K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$238K$251K
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for Common Cents Credit Union are currently being reviewed.


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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