Space Coast Credit Union

Space Coast Credit Union Locations
8045 N. Wickham Road
Melbourne, FL 32940
321-752-2222
www.sccu.com

Space Coast Credit Union is headquartered in MELBOURNE and is the 3rd largest credit union in the state of Florida. It is also the 36th largest credit union in the nation. It was established in 1951 and as of September of 2011, it had grown to 747 employees and 374,039 members. Space Coast Credit Union's money market rates are 36% higher than the national average, and it has a 3-star health rating.

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2.52% 5-Year CD & IRA CD At Space Coast Credit Union In Florida (Forum) - 11/17/2010

Space Coast Credit Union has a couple of decent long-term CD and IRA CD rates as of 11/17/2010: 2.52% APY 5-year CD, $500 minimum 2.27% APY 54-month CD, $500 minimum One thing to note; it has a harsh early withdrawal penalty. Terms over 3-years and



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See Rates for: Savings | Money Market | CD | IRA

Space Coast Credit Union Savings Account Rates

ApyMinMaxProduct
0.70%$250k-IRA Savings
0.70%$250k-Roth IRA Savings
0.40%$100k-Share Savings
0.15%--Christmas Club

Space Coast Credit Union Money Market Rates

ApyMinMaxProduct
0.60%$50k-Premium Investors Money Market Savings w/Active Checking or Direct Deposit
0.50%$250k-Money Market Checking
0.50%$250k-Money Market Savings
0.50%$15k-Investors Money Market Savings w/Active Checking or Direct Deposit
0.35%$50k-Premium Investors Money Market Savings w/o Active Checking or Direct Deposit
0.25%$15k-Investors Money Market Savings w/o Active Checking or Direct Deposit

Space Coast Credit Union CD Rates

ApyMinMaxProduct
1.96%$500-60 Month CD
1.96%$500-Business 60 Month CD
1.86%$500-54 Month CD
1.86%$500-Business 54 Month CD
1.41%$500-48 Month CD
1.41%$500-Business 48 Month CD
1.16%$500-42 Month CD
1.16%$500-Business 42 Month CD
1.10%$500-36 Month CD
1.10%$500-Business 36 Month CD
1.00%$500-30 Month CD
1.00%$500-Business 30 Month CD
0.70%$500-24 Month CD
0.70%$500-Business 24 Month CD
0.60%$500-18 Month CD
0.60%$500-Business 18 Month CD
0.50%$500-12 Month CD
0.50%$500-Business 12 Month CD
0.30%$500-6 Month CD
0.30%$500-Business 6 Month CD

Space Coast Credit Union IRA Rates

ApyMinMaxProduct
1.96%$500-60 Month IRA
1.96%$500-60 Month Roth IRA
1.86%$500-54 Month IRA
1.86%$500-54 Month Roth IRA
1.41%$500-48 Month IRA
1.41%$500-48 Month Roth IRA
1.16%$500-42 Month IRA
1.16%$500-42 Month Roth IRA
1.10%$500-36 Month IRA
1.10%$500-36 Month Roth IRA
1.00%$500-30 Month IRA
1.00%$500-30 Month Roth IRA
0.70%$500-24 Month IRA
0.70%$500-24 Month Roth IRA
0.60%$500-18 Month IRA
0.60%$500-18 Month Roth IRA
0.50%$500-12 Month IRA
0.50%$500-12 Month Roth IRA
0.30%$500-6 Month IRA
0.30%$500-6 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


SPACE COAST
NCUA #67297
BankRate ReportView
Year Established1951
Employees747
Primary Regulator

Assets and Liabilities

Assets$3.04 billion
Loans$1.97 billion
Deposits$2.71 billion
Equity Capital$238.92 million
Loan Loss Allowance$97.26 million
Unbacked Noncurrent Loans$106.46 million
Real Estate Owned$18.62 million

Historic Data - September 2010

Assets$3.13 billion
Equity Capital$209.30 million
Loan Loss Allowance$86.40 million
Unbacked Noncurrent Loans$121.91 million
Real Estate Owned$24.36 million

Profit Margin - Quarterly

Net Interest Margin4.08%
Return on Assets0.83%
Return on Equity10.55%
Interest Income$93.66 million
Non-Interest Income$45.42 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 September 30, 2011 Space Coast Credit Union had $125.07 million in non-current loans and owned real-estate with $336.17 million in equity and loan loss allowances on hand to cover it. This gives Space Coast Credit Union a Texas Ratio of 37.21% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Space Coast Credit Union decreased slightly from 49.47% as of September 30, 2010 to 37.21% as of September 30, 2011, resulting in a positive change of 24.79%.This indicates that the balance sheet and financial strength for Space Coast Credit Union has improved slightly in recent periods.
Deposit Growth2
In the past year, Space Coast Credit Union has decreased its total deposits by -$95.1 million, resulting in -3.38% 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 Coast Credit Union has shown is below average.
Capitalization4
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 Coast Credit Union has $3.04 billion in assets with $336.17 million in equity, resulting in a capitalization level of 11.05%, which is above average.
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