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COMMON CENTS FEDERAL CREDIT UNION

Mar, 31, 2021 — COMMON CENTS FEDERAL CREDIT UNION is a federal credit union headquartered in BEAUMONT, TX with 3 branch locations and about $36.03 million in total assets. Opened 58 years ago in 1963, COMMON CENTS FEDERAL CREDIT UNION has about 3,478 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COMMON CENTS FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 20396
BEAUMONT, TX 77720-0396
Phone:(409) 842-5233
Fax:(409) 842-5563
Website:http://www.commoncentscu.com
Branches:3 branch locations
Members:3,478
Credit Union Type:Federal Credit Union
Charter Number:15788
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1963
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$36,026,341
CEO/Manager:Donnielle M Goff
Chairperson:Kenneth Thibodeaux

Call Report

  • Credit Builder
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,931,222
TOTAL INVESTMENTS 2,429,156
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,870,978
 Other Loans 19,729,435
 TOTAL LOANS 22,600,413
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -760,721
 Land And Building 1,305,039
 Other Fixed Assets 121,152
 NCUSIF Deposit 242,476
 All Other Assets 157,604
  TOTAL ASSETS 36,026,341
LIABILITIES & CAPITAL:  
 Dividends Payable 37,548
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 532,651
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,817,696
 Regular shares 13,999,848
 All Other Shares & Deposits 9,879,255
  TOTAL SHARES & DEPOSITS 31,696,799
  TOTAL LIABILITIES 32,266,998
 Regular Reserve 623,684
 Other Reserves 0
 Undivided Earnings 3,135,659
  TOTAL EQUITY 3,759,343
  TOTAL LIABILITIES, SHARES, & EQUITY 36,026,341
INCOME & EXPENSE  
 Loan Income 500,424
 Investment Income 3,419
 Other Income 113,751
 Total Employee Compensation & Benefits 213,249
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 251,134
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 378,446
 Cost of Funds 60,188
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -249,347
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