Overview / Commentary
Common Cents Credit Union is headquartered in Beaumont and is the 215th largest credit union in the state of Texas. It is also the 2,767th largest credit union in the nation. It was established in 1963 and as of December of 2024, it had grown to 15 employees and 3,520 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
Health
B
Data as of Q4 2024
Learn why bank health mattersAdditional 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 Chartered | 1963 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.08% |
| Return on Equity - YTD | -0.64% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $34.5MM$35.6MM |
| Loans | Q4 2024vs Q4 2023 | $23.5MM$26.1MM |
| Deposits | Q4 2024vs Q4 2023 | $29.9MM$30.7MM |
| Equity Capital | Q4 2024vs Q4 2023 | $4.5MM$4.5MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $383K$514K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $442K$176K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |