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3101 Harrisburg Blvd
Houston, TX 77003

Space City Credit Union is headquartered in Houston and is the 150th largest credit union in the state of Texas. It is also the 1,949th largest credit union in the nation. It was established in 1965 and as of March of 2014, it had grown to 24 employees and 8,182 members. Space City Credit Union's savings rates are 94% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee or retiree of one of the several member companies. Also open to those who live, work, worship or attend school within a 10 mile radius of the main branch. - See Details

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Reviews (1)

awesome bank!

I have had a savings account with SSCU for 6 years now, and it is the best! I collect interest, and the staff is very nice!


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Space City Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Space City Credit Union had $153,000 in non-current loans and owned real-estate with $5.55 million in equity and loan loss allowances on hand to cover it. This gives Space City Credit Union a Texas Ratio of 2.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Space City Credit Union decreased dramatically from 12.11% as of March 31, 2013 to 2.76% as of March 31, 2014, resulting in a positive change of 77.24%.This indicates that the balance sheet and financial strength for Space City Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Space City Credit Union has increased its total deposits by $1.82 million, resulting in 3.05% 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 Space City Credit Union has shown is excellent.



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. Space City Credit Union has $67.84 million in assets with $5.55 million in equity, resulting in a capitalization level of 8.18%, which is average.

Institution Statistics

NCUA #61135
Year Chartered1965
Primary Regulator
Assets and Liabilities
Assets$67.85 million
Loans$48.90 million
Deposits$61.47 million
Equity Capital$5.36 million
Loan Loss Allowance$194,000
Unbacked Noncurrent Loans$153,000
Real Estate Owned$0
Historic Data - March 2013
Assets$66.02 million
Equity Capital$4.77 million
Loan Loss Allowance$150,000
Unbacked Noncurrent Loans$153,000
Real Estate Owned$56,000
Profit Margin - Quarterly
Return on Assets0.48%
Return on Equity6.05%
Interest Income$757,000

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Space City Credit Union Savings Account Rates

1.01%--Regular IRA
1.01%--Roth IRA
0.35%$5k-Star Savings
0.25%--Moon Money Kids Savings
0.25%--Christmas Club Savings

Space City Credit Union Money Market Rates

0.50%$50k-Money Market Checking

Space City Credit Union Checking Account Rates

0.25%$2k-Star Checking

Space City Credit Union CD Rates

1.76%$2k-5 Year Certificate
1.51%$2k-4 Year Certificate
1.01%$2k-3 Year Certificate
0.75%$2k-2 Year Certificate
0.50%$2k-1 Year Certificate
0.25%$2k-6 Month Certificate

Space City Credit Union IRA Rates

1.76%$500-5 Year IRA Certificate
1.51%$500-4 Year IRA Certificate
1.01%$500-3 Year IRA Certificate
0.76%$500-2 Year IRA Certificate
0.50%$500-1 Year IRA Certificate
0.25%$500-6 Month IRA Certificate

Space City Credit Union Locations
Branch Office1030 Independence Pkwy SLa Porte, TX 77571-5076
Branch Office3333 Richmond AveHouston, TX 77098-3007
Branch Office1233 West loop S Ste 100Houston, TX 77027-9136
Branch Office16415 Jacintoport BlvdHouston, TX 77015-6589
Branch Office3101 Harrisburg BlvdHouston, TX 77003