Question 1

What is Port Arthur Community Credit Union?

Accepted Answer

Port Arthur Community Credit Union is a federally chartered, member-owned financial cooperative serving the Port Arthur, Texas community. With approximately $19.8 million in assets and over 2,300 members, this community-focused credit union provides a range of financial services to residents, workers, and those who worship or attend school in Port Arthur. As a not-for-profit cooperative institution, the credit union emphasizes its mission to serve members rather than generate profits.

The credit union operates under NCUA charter number 7023 and maintains a strong net worth ratio of 13.29%, demonstrating financial stability and regulatory compliance.

Question 2

When was Port Arthur Community Credit Union founded?

Accepted Answer

Port Arthur Community Credit Union was founded in November 1950. The credit union was established to serve employees of the City of Port Arthur and other municipal workers, providing them with a safe place to save and access affordable credit.

Over its more than 70 years of operation, the institution has evolved from serving a select employee group to opening its membership to anyone who lives, works, worships, or attends school in Port Arthur, Texas. This expansion reflects the credit union's commitment to broader community service while maintaining its cooperative principles.

Question 3

Where is Port Arthur Community Credit Union headquartered?

Accepted Answer

Port Arthur Community Credit Union is headquartered at 3100 Central Mall Drive in Port Arthur, Texas. The credit union maintains its operations in Jefferson County in Southeast Texas, serving the local community from this central location.

Question 4

Where does Port Arthur Community Credit Union operate?

Accepted Answer

Port Arthur Community Credit Union operates primarily in Port Arthur, Texas, located in Jefferson County in Southeast Texas. The credit union serves a defined field of membership that includes anyone who lives, works, worships, or attends school within Port Arthur.

Additionally, once someone becomes a member, their immediate family members—including spouses, children, parents, grandparents, and siblings—are also eligible to join the credit union, extending its reach to families throughout the region.

Question 5

What services does Port Arthur Community Credit Union offer?

Accepted Answer

Port Arthur Community Credit Union provides a comprehensive suite of financial products and services designed to meet member needs:

Deposit Accounts: Share savings accounts, checking accounts, money market accounts, certificates of deposit (CDs), and Individual Retirement Accounts (IRAs).

Lending Services: Auto loans with rates as low as 5.45% APR, personal loans starting at 9.95% APR, credit cards with rates as low as 7.90% APR, and various consumer financing options.

Digital Banking: Online banking platform for account management and transactions, mobile banking app available on both iPhone (App Store) and Android (Google Play), and e-Statements for paperless account statements.

Member Services: Direct deposit, payroll deduction, debit/ATM cards, cashier's checks, money orders, notary service, auto pricing assistance, discount theme park tickets, financial counseling, and overdraft protection.

Question 6

What makes Port Arthur Community Credit Union unique?

Accepted Answer

Port Arthur Community Credit Union distinguishes itself through its deep commitment to the local Port Arthur community and its focus on accessible, personalized service. As a smaller community credit union with approximately 10 employees, members benefit from personalized attention and relationships with staff who understand local needs.

The credit union has maintained an A+ rating with the Better Business Bureau since becoming accredited in 2009, demonstrating its commitment to ethical business practices and member satisfaction. Its competitive loan rates and low-fee structure reflect the cooperative principle of providing financial benefits to members rather than generating profits for outside shareholders.

With a healthy loan-to-share ratio of 78.06% and a low Texas Ratio of 5.36% (well below the national average), the credit union demonstrates prudent lending practices while actively serving member borrowing needs.

Question 7

What type of financial institution is Port Arthur Community Credit Union?

Accepted Answer

Port Arthur Community Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a federal credit union, deposits are insured up to $250,000 per depositor by the National Credit Union Share Insurance Fund (NCUSIF), backed by the full faith and credit of the United States Government.

As a member-owned cooperative, the credit union operates on democratic principles where each member has one vote regardless of account balance. The institution exists to serve its members rather than generate profits for external shareholders, allowing it to offer competitive rates and lower fees. Membership is open to individuals who live, work, worship, or attend school in Port Arthur, Texas, as well as immediate family members of existing members.

Port Arthur Community Credit Union

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About Port Arthur Community Credit Union in the United States