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Kennedy Space Center Credit Union

Based on 1 review
Overview / Commentary
321-455-9400
300 S Plumosa St
Merritt Island, FL 32952

Kennedy Space Center Credit Union is headquartered in MERRITT ISLAND and is the 18st largest credit union in the state of Florida. It is also the 342nd largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 173 employees and 58,217 members. Kennedy Space Center Credit Union has a A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work or worship in the Central Florida counties of Brevard and Volusia. - See Details

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Reviews (1)

Nsf Fees Are Hurting Alot Of Families

At&t withdrew two bills at the same time and so did one ins bill ( that was expected). I put in 160.00 all that I had and they took 90.00 plus bounce all the bills..I belonged to teachers credit union in North carolina, where if you were charged with nsf at least they would pay the bills.  Needless to say we closed our account.  That left us in a very hardship situation as that was the only $$ I had to pay bills with and buy groceries with.

Korine Vining



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Kennedy Space Center Credit Union had $1.36 million in non-current loans and owned real-estate with $76.42 million in equity and loan loss allowances on hand to cover it. This gives Kennedy Space Center Credit Union a Texas Ratio of 1.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Kennedy Space Center Credit Union experienced no significant changes from 1.80% as of December 31, 2012 to 1.78% as of December 31, 2013, resulting in a positive change of 1.01%.This indicates that the balance sheet and financial strength for Kennedy Space Center Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Kennedy Space Center Credit Union has increased its total deposits by $24.6 million, resulting in 4.58% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Kennedy Space Center Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Kennedy Space Center Credit Union has $642.49 million in assets with $76.42 million in equity, resulting in a capitalization level of 11.89%, which is excellent.

Institution Statistics

Overall
NCUA #15605
Year Chartered1963
Employees173
Primary Regulator
Assets and Liabilities
Assets$642.49 million
Loans$230.19 million
Deposits$562.08 million
Equity Capital$74.35 million
Loan Loss Allowance$2.07 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$136,000
Historic Data - December 2012
Assets$619.22 million
Equity Capital$75.86 million
Loan Loss Allowance$2.13 million
Unbacked Noncurrent Loans$1.23 million
Real Estate Owned$91,000
Profit Margin - Quarterly
Net Interest Margin5.74%
Return on Assets0.56%
Return on Equity4.81%
Interest Income$17.73 million
Rates
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Kennedy Space Center Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Share Account
0.40%$100k-Business Share Account
0.30%--IRA Share Account
0.30%--Roth IRA Share Account
0.20%--Holiday Account
0.10%--Secured Visa Share Account

Kennedy Space Center Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Dividend Bearing Checking

Kennedy Space Center Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.31%$10k-60 Month CD
0.60%$10k-30 Month CD
0.50%$10k-24 Month CD
0.30%$10k-12 Month CD
0.20%$5k-6 Month CD

Kennedy Space Center Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.31%$10k-60 Month IRA
1.31%$10k-60 Month Roth IRA
0.60%$10k-30 Month IRA
0.60%$10k-30 Month Roth IRA
0.50%$10k-24 Month IRA
0.50%$10k-24 Month Roth IRA
0.30%$10k-12 Month IRA
0.30%$10k-12 Month Roth IRA
0.20%$5k-6 Month IRA
0.20%$5k-6 Month Roth IRA
Locations

Kennedy Space Center Credit Union has 14 locations. Click to view all Kennedy Space Center Credit Union locations.