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 217th 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 March of 2024, it had grown to 12 employees and 3,711 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

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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
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
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD2.73%
Annual Interest Income$492K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$35.1MM$35.2MM
LoansQ1 2024vs Q1 2023$25.3MM$24.6MM
DepositsQ1 2024vs Q1 2023$30.1MM$30.2MM
Equity CapitalQ1 2024vs Q1 2023$4.6MM$4.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$433K$439K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$170K$250K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates

Rates for Common Cents Credit Union are currently being reviewed.

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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