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.

“Christmas in July” Official Rules

Definitions and Abbreviations

“Member” is defined as the primary member on the loan and/or membership application and the actual loan and/or account and used interchangeably with “applicant”.

CommonCents Credit Union is also referred to as CCCU within this document.

Promotion Period

CommonCents Credit Union’s “Christmas in July” Giveaway and promotion begins July 1st through July 31, 2025.

Loan Eligibility for One Week to include (5) business days only

“Christmas in July” Loan Promotion, offered by CommonCents Credit Union will include only one lending related loan promotion. One designated week within the month of July will include a loan promotion: the types of loans included in this promotion are all Signature loans only.  This week will be July 7th through July 11, 2025.

During this week duration, (July 7, 2025-July 11, 2025) of the “Christmas in July” all signature loans will qualify for a 2.00% rate discount. The minimum rate will be 9.00%.The loans must be of at least $500.00 unsecured loan to receive the promotion of a rate discount. All loans must be of new money in order for members to receive the discount. This also includes “new money” loans that are refinanced here from another institution. Current loans already financed with CCCU are not eligible.

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.  Our unsecured policies will be applicable and followed. 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. Applicants must submit the appropriate request for the type of product they are requesting. This promotion has a beginning date and an ending date. The loan must be initiated and funded during the promotional week time frame. All borrowers are required to sign an acknowledgement form at time of loan funding. Refusal to do so will result in loan denial and cancellation of the application.

Discounted Loan Rate

Along with the eligibility requirements, the following applies: If a member chooses to receive the discounted loan rate of 2.00%, he/she will receive the discounted rate at the time of funding the loan. This rate will be 2.00% lower than the applicant’s loan rate in accordance with his/her credit score.  However, the loan rate shall not be less than 9.00% APR (Annual Percentage Rate). 

New Christmas Club Account Promotion

“Christmas in July” Loan Promotion is offered by CommonCents Credit Union during the promotion period is included a promotion to allow members to open a Christmas Club Account with a special qualifying reward. The new Christmas Club accounts referred to during the promotional period do have minimum deposit amount to open, which will be $25.00, and they are subject to follow the current rules, guidelines and qualifications of CCCU’s current membership requirements.

All Christmas Club accounts opened within the promotional period will be rewarded with a $100.00 cash deposit into their Christmas Club accounts on November 14th if the following rules and guidelines are followed from the end of the promotional period until Christmas Club account disbursement date of November 14, 2025:

• Opened account during promotional period of July 1, 2025, through July 31, 2025.

• Opened with a required deposit of $25.00.

• Set up a monthly reoccurring auto deposit in the form of auto transfer and/or payroll deposit of a minimum of $25.00 per month.

Member will be ineligible for $100.00 cash deposit if any of these steps are not fulfilled.

The Christmas Club accounts referred to in this promotional period must be new money and must be a minimum of $25.00. All membership applications will be processed in compliance with Common Cents membership policies and procedures. Membership requirements are to be applied. New members and current members are allowed to participate but the Christmas Club account must be opened during the promotional period listed in this document. The account must be initiated and funded during the promotional week time frame. Christmas In July Promotion must be mentioned at the time of account opening to qualify for the reward of $100.00 

The “Cash” Christmas Club Deposit

The “Cash” reward is not cash, it is a one-time direct deposit into the member’s CCCU Christmas Club account. The deposited amount is to be $100.00.

Along with the eligibility requirements listed above for the Christmas Club reward, the following applies:

All CCCU accounts associated with the member must be in good standing at the time of loan and/or account funding and at the time of receiving the “reward” and their loan and/or account must be still active, open and in good standing. This does include all accounts, including those listed as joint owner and/or co-signer. This also includes all loans including credit cards, and all share accounts.

Christmas 12 days of Giving Tree

During the final 12 days of the month of July, CCCU’s two branch locations will have a Christmas tree in their lobbies in which they will hold a variety of membership prizes. The following prizes are to be included but not limited to the following: scratch off tickets, cash awards, loan rate discounts to include expiration date, gift card to local businesses, CCCU swag items, gift cards to local move theaters, and skip a payment coupon for eligible loans financed with CCCU.

On the following dates, members will be eligible to participate in finding a prize from the tree: July 16, 17, 18, 21, 22, 23, 24,25, 28, 29, 30 and 31st.

Employees are not eligible to participate in the giving tree and the following will be the criteria for visiting members in branch only to participate:

Two (2) members per day, per branch, will be chosen to participate in the Christmas Tree.

They will select one (1) prize from the tree.

The first member to arrive at the credit union between the hour-time slots below will be the members chosen.

                    9:00 a.m.  –   10:00 a.m.

                    3:00 p.m.   –    4:00 p.m.

 Loan Rate discounts presented in the Giving Tree giveaway will be limited to the following loan types: signature loans. All loan rate discount tickets will have an expiration date of 45 days of the date of the receival of the reward.

 It is the member’s responsibility to obtain the documentation of their award from the giving tree. Lost or misplaced reward coupons will not be reissued or replaced.

Reward coupons are a one-time use only and will not be reissued lost, stolen. No exceptions.

Reward Eligibility

Any member who is awarded an eligible loan and/or eligible reward in the form of rate discount, and/or reward item, must meet the credit unions criteria to be a member of CCCU, to receive his/her loan/reward (discounted loan rate or reward prize).   

Employee Eligibility

All active CommonCents employees are eligible to participate in personal loan rate discounts and Christmas Account promotion, however they are not allowed to participate in the Christmas Giving Tree. All employees must be in active employment with the credit union on the date of disbursement which will be November 14, 2025. If an employee resigns from the CU or is asked to leave by management, he/she is ineligible to receive the Christmas Club account reward. All rules and guidelines listed in this document apply.

Other Reward Guidelines

No substitutions within this promotional offer are permitted. Member and/or Borrower is responsible for all applicable federal, state and local taxes associated with the rewards given during this promotion. Member and/or Borrower must agree to the terms of the promotional loan offers and sign the promotional form acknowledgement forms. Members must sign all the new account disclosures at the time of account opening. Member and/or Borrower receiving a prize valued for more than $600 may receive a 1099-MISC at the end of the year. Member and/or Borrower are responsible for any additional fees associated with the rewards such as lost gift cards, or defective prizes.

All members and borrowers within the promotion agree to the use of their name and likeness in publicity without notice or any additional compensation, except where prohibited by law. 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.

Please see credit union for copy of official rules in which some are not mentioned in this document.