Overview / Commentary
713-222-1244
3101 Harrisburg Blvd
Houston, TX 77003

Space City Credit Union is headquartered in Houston and is the 140th largest credit union in the state of Texas. It is also the 1,790th largest credit union in the nation. It was established in 1965 and as of June of 2018, it had grown to 38 employees and 8,740 members at 4 locations. Space City Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship within a 10-mile radius of the credit union's main or La Porte branches. Membership is also open to employees and retirees of Applied Rubber, Forrest Services, GE Power & Water, and over 20 other select employer groups.
See current membership details

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Reviews (5)

Loooooove Space City CU!

Posted by: LoMas | Jun 2, 2016

I absolutely love Space City. Going into the branch is like going to visit family. They know my name, ask me about my children and family, and are ALWAYS friendly.

Because they keep up with me and my family, they are able to offer me things that I don't think of. I came in to get a car loan for my daughter and they reminded me that they have a partnership with an insurance company. Their company saved me money on my rates so adding a teenager wasn't as harmful on my wallet as I thought it was going to be.

Plus Space City has all the cool features of a "big bank" like a mobile app where you can taking a picture of your check to deposit it.

If you like personable service where people know your name and are genuinely concerned about you and your financial well-being, this is the place for you! Thanks Space City for looking out for me and my family!

Space City CU Rocks!

Space City CU has great rates and great services, everything I need to do my banking IN PERSON or on the Internet. I just got a 5 year CD at 2.26% APY... !!!

awesome bank!

Posted by: samiseller | May 2, 2014

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!

Watch Out For Fees

Posted by: Anon456 | Jul 13, 2017

started to join, then saw their fees. $5 a month unless you jump through several hoops. Kind of a GOTCHA pricing structure. Will go elsewhere.

Space City Credit Union, Far Worse Rates Than Ally Bank

Posted by: DDD | Apr 23, 2016

The rates are horrible, locations in ghetto areas, service lackluster. Many better alternatives. Online banks with free ATM's pay rates 10x higher like AllyBank.com
https://www.depositaccounts.com/savings

Space City savings 0.10%
Ally Bank 1.00%
Thats 10x as much at Ally Bank compared to Space City CU!

Space City money market checking 0.25%
Ally Bank money market checking 0.85% which is more than 3x as much!

Space City cd's 6 month 0.25%
Ally Bank cd's 6 month 0.60% which is more than twice as much!

Space City cd 60 month 1.76%
Ally Bank cd 60 month 2.00%

Ally Bank, an online bank doesn't have branches, but that doesnt matter since they reimburse for ATM fees, allow you to take a picture of checks to deposit, saving you time from driving to a branch, and gives you free envelopes to mail in deposits if you dont want to deposit the checks online.



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

Health Grade Components

Overall
NCUA #61135
Year Chartered1965
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.16%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$84.2MM$78.5MM
LoansQ2 2018vs Q2 2017$67.0MM$60.1MM
DepositsQ2 2018vs Q2 2017$74.4MM$70.0MM
Equity CapitalQ2 2018vs Q2 2017$8.4MM$7.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$319.00K$289.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$451.00K$364.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Space City Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Space City Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%--Traditional IRA Savings
1.51%--Roth IRA Savings
0.50%*$5k*-Savings
OTHER TIERS: 0.10% $100 - $500 | 0.25% $500 - $5k
0.50%--Christmas Club Savings
0.50%--Youth Savings
0.50%$500-College Savings

Space City Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$50k*-Money Market Checking
OTHER TIERS: 0.76% $2k - $10k | 0.86% $10k - $50k

Space City Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$2k-Checking

Space City Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$50k-5 Year Jumbo Certificate
2.79%$2k-5 Year Certificate
2.79%$50k-4 Year Jumbo Certificate
2.58%$2k-4 Year Certificate
2.53%$50k-2 Year Jumbo Certificate
2.53%$50k-3 Year Jumbo Certificate
2.27%$2k-2 Year Certificate
2.27%$2k-3 Year Certificate
2.02%$50k-1 Year Jumbo Certificate
1.76%$2k-1 Year Certificate
1.51%$50k-6 Month Jumbo Certificate
1.26%$2k-6 Month Certificate

Space City Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$50k-5 Year Jumbo IRA Certificate
2.79%$500-5 Year IRA Certificate
2.79%$50k-4 Year Jumbo IRA Certificate
2.58%$500-4 Year IRA Certificate
2.53%$50k-2 Year Jumbo IRA Certificate
2.53%$50k-3 Year Jumbo IRA Certificate
2.27%$500-2 Year IRA Certificate
2.27%$500-3 Year IRA Certificate
2.02%$50k-1 Year Jumbo IRA Certificate
1.76%$500-1 Year IRA Certificate
1.51%$50k-6 Month Jumbo IRA Certificate
1.26%$500-6 Month IRA Certificate
Locations


Space City Credit Union Locations
Branch Office1030 Independence Pkwy SLa Porte, TX 77571-5076
Branch Office3101 Harrisburg BlvdHouston, TX 77003
Branch Office4101 Clinton DrHouston, TX 77020-6243
Branch Office5771 Enid StHouston, TX 77009

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