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Our Vision Statement
We believe people deserve more than one chance in life, so we aim to say “Yes” to our members and community by cultivating the culture of CommonCents and elevating the products and services we offer.
Our Core Values
C - Connecting to Community
E - Enhancing financial futures
N - Navigating through life’s milestones
T - Treating our members with a hometown experience
S - Sensible. Trustworthy. Extraordinary.
Our History
CommonCents Credit Union is member-owned and was originally chartered as Goodyear Federal Credit Union on August 20, 1963. At this time, the credit union was located inside of an office at the Goodyear Beaumont Chemical Plant. The credit union's first organizational meeting was held on October 2, 1963. During this meeting, a Board of Directors and a Supervisory Committee were appointed, and 57 Goodyear employees became members of the credit union.
In order to help establish better business hours, in 1964, Goodyear Chemical Plant donated a parcel of land for the credit union to have an office away from the plant. This parcel of land is the same location where our Main Office is located today.
In 2004, the credit union became community chartered, and Goodyear Beaumont Federal Credit Union became known as Texas Coastal Community Federal Credit Union (TCCFCU). The community charter helped the credit union grow tremendously in asset size and in membership. Thus, providing the opportunity to offer more products and services to our growing membership. By the end of 2004, TCCFCU had $19 million in assets and approximately 2,500 members. In 2009, TCCFCU expanded to Chambers County and opened its second location in Winnie.
In 2014, TCCFCU began offering share (checking) accounts bearing higher interest rates; we are proud to still offer these accounts today while striving to offer relevant and quality products and services to our members.
To keep up with the times and help stay relevant in our ever-changing economy and environment, in 2016, Texas Coastal Community Federal Credit Union changed its name to what we are known as today, CommonCents Credit Union. This also allowed us the opportunity to offer additional products and services to our members and community.
In December 2018, we opened our third location. This location is located on IH-10 in Beaumont, next to Olive Garden. This location has allowed us to grow, as well as to increase our platform in the products and services that we offer.
Today, we are honored to be able to serve over 3,000 members and have assets of over $32 million. We not only have three locations to serve our members, but we also have three methods members can access their accounts 24/7, from almost anywhere. These methods include Online Banking, our Automated Response Teller, and our Mobile Banking App.
We are proud of where we've been, thankful for where we are, and we are excited about serving and growing with you in the future as we continue to evolve in helping you meet and exceed your financial needs.