Disclosures

USA Patriot Act

Important information about procedures for opening or changing an account with your financial institution

Section 326 of the USA PATRIOT Act requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account. This federal requirement applies to all new customers and current customers. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

What this means to you: when you open an account or change an existing account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them. We will ask to see each person’s driver’s license and other identifying documents and copy or record information from each of them.

Accessibility Policy

We want everyone who visits the CommonCents Credit Union website to feel welcome and find the experience helpful and without barriers. This policy does not stipulate any particular technology or design approach. The aim is to maximize access to and use of CommonCents Credit Union websites by people with disabilities.

Providing accessible web content can also benefit people who do not have disabilities but who are experiencing situational barriers. For instance, when accessing the Web from devices with small screens or in low bandwidth situations, or when experiencing barriers due to language or literacy levels, accessibility solutions can also support improved access. We are committed to ensuring equal access for people with disabilities. As potential customers and employees they are important contributor to https://www.commoncentscu.com/ business success and should not be excluded.

This policy applies to all new, updated, and existing web content on https://www.commoncentscu.com/. Content provided for our site by third-party developers will meet the same policy. This does not include user-generated content or third-party websites we link to such as Online Banking.

Technical Target

To help us acheive our Accessibility goals of a Level AA, we have been using the Web Content Accessibility Guidelines (WCAG) 2.0. These guidelines explain how to make web content more accessible for people with disabilities, and user friendly for everyone.

Funds Availability:

Effective July 1, 2020, we increased the amount we make available for withdrawal by checks subject to next day availability from $200.00 to $225.00. 

In addition, the amount available for withdrawal on exception holds for large deposits, new accounts and the amount for determining a repeat overdraft increases from $5,000.00 to $5,525.00.

Current Promotion Rules

CommonCents Credit Union Home Equity “No Closing Cost” Promo Official Rules

Definitions and Abbreviations

“Member” is defined as the primary member on the loan application and the actual loan and used interchangeably with “applicant”. Common Cents Credit Union is also referred to as CCCU within this document.

Promotion Period

CommonCents Credit Union’s Home Equity promotion begins February 1st, 2024 and will run through March 29, 2024 at time of business closure or by the time 40 qualifying loans are approved and funded (promotion period), whichever comes first.

Loan Eligibility

Home Equity Loan Promotion is for the first 40 loans that are approved and funded offered by CommonCents Credit Union during the promotion period. The loan must be of at least $10,000.00 of new money for members to be eligible for the loan and have the origination fee waived. This also includes “new money” loans that are refinanced here from another institution. All loan applications will be screened, and decisions will be made upon select criteria including but not limited to, the applicant’s credit scores, payment history, income/debt ratio and the forecasted ability to repay the loan. All accounts that are associated with the member must be in good standing at the time the loan is approved and awarded; the same rules apply for co-applicants.

Fee Waive Eligibility

All loan applications will be screened and processed and could take up to 60 days for funding pending but not limited to home evaluations, e filing services, and other processing procedures. The loan must be approved in full before the end of the promotional period in order to qualify for the fee waiver. Any member who is awarded an eligible loan must meet the following criteria to receive his/her loan fee waived. The loan repayment must be scheduled on automatic payments from the member’s CCCU share or share draft account.

Term Restrictions

The loan must remain open and active for a minimum of 24 months. If paid off within the 24 month period, the member must pay CCCU the $1,000 origination fee at the time of loan payoff. This does include private sells of the property and refinances.

Conditions

By entering this promotion, each entrant releases CommonCents Credit Union and its respective directors, officers, employees, agents, and subsidiaries from any and all liability, claims, causes of action, suits, and demands arising from or in connection with its lawful actions in conducting the promotion. CommonCents Credit Union reserves the right, in its sole discretion, to cancel or suspend this promotion, in its entirety or in part, should tampering, unauthorized intervention, fraud, technical failures, or other causes beyond CommonCents Credit Union’s control corrupt the administration, security, fairness, integrity or proper play of the promotion.

Sponsor

CommonCents Credit Union, PO Box 23096, Beaumont, Texas, 77720.