Dec, 31, 2023 — COMMON CENTS FEDERAL CREDIT UNION is a federal credit union headquartered in BEAUMONT, TX with 3 branch locations and about $35.63 million in total assets. Opened 61 years ago in 1963, COMMON CENTS FEDERAL CREDIT UNION has about 3,468 members and employs 19 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) | 8109 Smith Rd BEAUMONT, TX 77705-6108 |
| Phone: | (409) 842-5233 |
| Fax: | (409) 842-5563 |
| Website: | https://www.commoncentscu.com |
| Branches: | 3 branch locations |
| Members: | 3,468 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,627,436 |
| CEO/Manager: | Donnielle M Goff |
| Chairperson: | Kenneth Thibodeaux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,515,960 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,664,105 |
| Other Loans | 23,426,520 |
| TOTAL LOANS | 26,090,624 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -513,684 |
| Land And Building | 1,331,197 |
| Other Fixed Assets | 27,909 |
| NCUSIF Deposit | 307,962 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,627,436 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 64,743 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 299,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,233,666 |
| Regular shares | 13,203,252 |
| All Other Shares & Deposits | 10,290,888 |
| TOTAL SHARES & DEPOSITS | 30,727,806 |
| TOTAL LIABILITIES | 31,091,745 |
| Regular Reserve | 0 |
| Other Reserves | 623,684 |
| Undivided Earnings | 3,912,007 |
| TOTAL EQUITY | 4,535,691 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,627,436 |
| INCOME & EXPENSE | |
| Loan Income | 1,692,382 |
| Investment Income | 272,999 |
| Other Income | 569,188 |
| Total Employee Compensation & Benefits | 866,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,213,245 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 362,304 |
| Cost of Funds | 380,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -118,374 |
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