Space Coast Credit Union

Overview / Commentary
8045 N Wickham Rd
Melbourne, FL 32940-7920

With just seven original members and $372 in combined assets, Space Coast Credit Union (“SCCU”) was founded, as Patrick Air Force Base Credit Union, in 1951. Today, headquartered in Melbourne, Florida, SCCU serves over 300,000 members at over 50 locations along Florida’s east coast. It remains a member-owned, not-for-profit financial cooperative.

SCCU offers both personal and business banking products and services. Its personal checking accounts – which include money market checking, student checking, and health savings checking accounts – all feature free debit cards, convenient online and mobile banking, and available overdraft services. In addition to money market checking accounts, SCCU also offers money market savings accounts with tiered interest rates, including multiple “Investors” money market accounts – which have higher interest yields, but also higher minimum opening deposits and minimum daily balances.

SCCU also offers personal savings accounts (a Share Savings Account is required for membership), Individual Retirement Accounts (IRAs), and Certificates of Deposit (CDs). Its IRA options include both IRA savings accounts and IRA CDs, and its CD terms range from 6 – 60 months. SCCU’s deposit funds are insured by the National Credit Union Administration (NCUA).

As far as business banking products go, SCCU offers business checking accounts, business Share Savings accounts (required for membership), business money market savings accounts, and business CDs (with terms from 6 to 60 months). The business checking accounts vary based upon transaction volume. Just like with its personal banking products, SCCU offers convenient online and mobile banking options to its business customers.

Field of Membership Restrictions

Membership in Space Coast Credit Union is open to those who live or work in the Florida counties of Brevard, Broward, Clay, Collier, Duval, Flagler, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Miami-Dade, Monroe, Nausau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Seminole, St. Johns, St. Lucie, Sumter, or Volusia. Family members of existing credit union members are also eligible to join.
See current membership details

Related Posts

All Rates Dropped Hard - 3/18/2020

Quarter Point Rate Cut All Cds - 2/27/2020 As of this morning this was a huge rate cut. I used to almost always get one of the best rates here. I guess the rate cuts are coming soon to a bank or CU near you

Space Coast Credit Union (FL) Has Leading IRA CD Rates - 1/9/2020

Space Coast Credit Union (FL) has competitive IRA CD rates ranging from 2.25% APY (6-month) to 3.03% APY (60-month). Minimum opening deposit is $500.

View all posts from:

5 STAR CU Ranks Among Best

Grabbed a 3.05APY CD in summer of '19. Noticed a full product line, lotsa branches and great in person service at all branches I've been. So I got a SD box as well. Rates dropped but, for a CU they offer a super product line, reasonable fees and plenty of access. Nice folks work IN the branches as could be better but, it's functional and gets the job done. They even answer the phone!

P.A.F.B SCCU Experience

Went into the SCCU branch on May 25, 2019.Have not been in there for a long while. One of the tellers remembered me right away( Barbara Kelly).She has been with the SCCU bank for a long time. As we have as a retired Military Family,20 years plus. She made me feel welcomed and by end of visit there l was crying . Need more people working at the branches who care about their customers like family. The whole staff is wonderful at that branch. Did also tell the Bank manager there about my experience. Barbara Kelly and staff deserve store of the year in my opinion! Thank you for your time

Called About Special Rate

Posted by: |

Little deceptive . Yes you get the rate for 15 month. But also required to renew another 12 month at rate when renews. So actually a 27 month cd. And probably will average 2.90 over the total . So not really any better than a straight 12 month cd at any other bank. The rate games need to stop...

The Not So 'Community' Bank

A bank that truly doesn't care. This has flagently obvious with the insistent charges, their terrible hours of opening and closing and their complete inability to take care of a small business. As soon as Covid-19 is over we're switching. Byeeeeeee!



Health Grade Components

NCUA #67297
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD8.97%
Annual Interest Income$160.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$4.92B$4.14B
LoansQ4 2019vs Q4 2018$3.76B$3.52B
DepositsQ4 2019vs Q4 2018$4.22B$3.51B
Equity CapitalQ4 2019vs Q4 2018$644.5MM$586.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$48.0MM$63.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$23.7MM$24.6MM
Real Estate OwnedQ4 2019vs Q4 2018$1.2MM$2.1MM

Rates for Space Coast Credit Union are currently being reviewed.



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