CommonCents Credit Union (TX) Has Competitive Rewards Checking Account


Deal Summary: Ultimate Cash Checking, 2.78% APY on qualifying balances up to $25k. Ultimate Savings, 0.75% APY on qualifying balances up to $25k.

Availability: Residents of Chambers and Jefferson Counties, Texas.

At the beginning of the year, CommonCents Credit Union (CCCU) stopped offering Kasasa brand products, replacing them with proprietary rewards checking (RCA) and rewards savings accounts. The only difference between the old Kasasa Cash account and new Ultimate Cash Checking account is the name, with the qualifying balance caps and qualification requirements remaining unchanged. The Ultimate Cash Checking currently earns 2.78% APY on qualifying balances up to $25k. Qualifying balances greater than $25k earn 0.20% APY.

The monthly qualification requirements include,

  • At least 12 debit card purchases ($10 minimum each)
  • At least one automatic payment, ACH debit or credit, or Remote Deposit
  • Be enrolled in and receive e-Statements
  • Be enrolled in and log into Online Banking

The Ultimate Cash Checking account has no minimum balance requirement, no monthly service fee, and no minimum opening deposit requirement. Unlimited check writing is available and a fee-free Mastercard debit card will be issued after account opening. Unlimited nationwide ATM fees will be reimbursed, if all qualifying requirements are met. (An ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.) There is a limit of one Ultimate Cash Checking account per Social Security number.

Ultimate Savings

The Ultimate Savings account currently earns 0.75% APY on qualifying balances up to $25k; qualifying balances over $25k earn 0.20% APY.

Ultimate Cash Checking/Ultimate Cash Back earned rewards are automatically transferred into an Ultimate Savings account each statement cycle. The Ultimate Savings account has no minimum balance requirement or monthly service fee, or minimum opening deposit requirement. There is a limit of one Ultimate Savings account per Social Security number.

Annual Earnings of Combined Ultimate Cash Checking/Ultimate Savings

The potential combined annual earnings of an Ultimate Cash Checking account (2.78% APY/$25k) and an Ultimate Savings account (0.75% APY/$25k) is approximately $880 (1.75% APY/$50k), which is an unusually high rate for an RCA/Saver combo.

Ultimate Cash Back

CCCU’s Ultimate Cash Back account currently earns 2.25% cash back on debit card purchases (minimum $10 each) up to $300 in monthly purchases. If you are planning on maintaining a balance of less than $3,200, the Ultimate Cash Back account would probably be a better deal than the Ultimate Cash Checking account, as the maximum annual earnings for the Ultimate Cash Back account is $90 ($7.50 per month).


Headquartered in Beaumont, Texas, CommonCents Credit Union's field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in the Texas counties of Chambers or Jefferson eligible for membership.

Immediate family of current CCCU members also qualify for membership.

Joining CCCU and/or opening an Ultimate Cash Checking, Ultimate Cash Back, or Ultimate Savings account(s) can be done online or at any of three Texas branches located in Beaumont (2) and Winnie.

Opening a Regular Share Savings account establishes a new CCCU account and requires a minimum $5 opening deposit.

Credit Union Overview

CommonCents Credit Union has an overall health grade of "B+" at, with a Texas Ratio of 3.08% (excellent), based on March 31, 2021 data. In the past year, CCCU increased its total non-brokered deposits by $4.13 million, an excellent annual growth rate of 16.26%. Please refer to our financial overview of CommonCents Credit Union (NCUA Certificate # 15788) for more details.

Founded in 1963, CommonCents Credit Union was originally chartered as the Goodyear Federal Credit Union, with a FOM inclusive of Goodyear Beaumont Chemical Plant employees. Initially operating out of an office in the plant, Goodyear Beaumont donated a parcel of land to the credit union so a separate building could be constructed. CCCU’s headquarters are currently located on that parcel. A community charter was adopted in 2004 and Goodyear FCU rebranded as the Texas Coastal Community Federal Credit Union. The CommonCents rebrand occurred in 2016, “to keep up with the times and help stay relevant in our ever-changing economy and environment.”

How Ultimate Cash Checking Compares

When compared to the High Yield Rewards Checking Accounts tracked by that are available within the FOM and have maximum qualifying balances of at least $25k, CommonCents Credit Union’s Ultimate Cash Checking APY currently ranks first.

The above information and rates are accurate as of 6/25/2021.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Beaumont savings accounts, savings accounts, reward checking accounts


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