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Community Commerce Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.5 |
| CD | 3.25 |
| Trustworthiness | 5 |
| Total: | 4 |
Community Commerce Bank Pros and Cons
| Pros | Cons |
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About Community Commerce Bank
Community Commerce Bank is a Hispanic American-owned bank in California. The bank has three branches in Tarzana, Monterey Park, and Claremont and only offers loan products and savings accounts.
Customer service support is available over the phone Monday to Friday from 9 a.m. PT to 5 p.m. PT.
If you like mobile banking, you may prefer to look at other banks, such as some of the ones listed on our best mobile banking apps guide. Community Commerce Bank doesn't have a mobile app. It only has online banking and in-person banking.
The bank is FDIC-insured, so your money will be protected up to $250,000 if it's in an individual account or up to $500,000 if it's in a joint account.
The Role of Hispanic American-led Financial Institutions
Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. These institutions also help address banking gaps among Hispanic American communities.
Community Commerce Bank serves residents in Los Angeles County. According to the U.S. Census, people of Hispanic or Latino origin make up the largest racial and ethnic group in the area.
Is Community Commerce Bank Trustworthy?
Community Commerce Bank hasn't gone through any public controversies in the last few years. The bank has also received an A+ rating from the Better Business Bureau.
Ratings from the BBB are determined by several factors, including how a business deals with customer complaints and whether it is transparent about its business practices. A good rating from the BBB won't necessarily guarantee that your relationship with the business will be perfect, though.
If you want to see whether a bank will be a match for you, consider reaching out to friends or family if they've had relationships with the bank. You can also read through online customer reviews.
Community Commerce Bank Account Reviews
Community Commerce Bank Fixed Rate Savings Account
The
Community Commerce Bank CD
A
However, if you'd prefer to make a lower minimum opening deposit and still get a high rate, you may favor one of the financial institutions on our best CD rates guide.
How Community Commerce Bank Compares
Community Commerce Bank vs. Chase
Chase has branches in similar areas in Southern California as Community Commerce Bank. Choosing between the two banks may ultimately depend on what you want out of your banking experience.
Community Commerce Bank vs. Sun Community Federal Credit Union
Sun Community Federal Credit Union is another Hispanic American-led financial institution in Southern California.
Sun Community Federal Credit Union has CDs, savings, checking and money market accounts, mobile banking, and access to over 30,000 free ATMs through the CO-Op Shared Network. Meanwhile, Community Commerce Bank only provides services for savings accounts and loan products.
If you're more concerned with getting a competitive APY on a savings account, the
Choosing between the two financial institutions may also depend on which one is closest to where you live. Sun Community Federal Credit Union has eight branches in Southern California, while Community Commerce Bank has three locations.
Sun Community Federal Credit Union Review
Why You Should Trust Us: How We Reviewed Community Commerce Bank
At Personal Finance Insider, we rate savings, checking, CD, and money market accounts using our banking methodology and CD methodology.
Each account receives a rating between 0 and 5. We evaluate a bank's ethics, customer service, and mobile app for all accounts. We also consider different features for specific types of bank accounts. For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.