2. Space Coast Credit Union

Space Coast Credit Union


Overview / Commentary
www.sccu.com
321-752-2222
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, Nassau, 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

Rate Reductions Again - 10/1/2019

Rates reduced before fed actions again

.25 Basis Point Reduction All Products - 9/5/2019

Looks as though the reductions have started 2 weeks early

Space Coast Credit Union Ups 12-Month CD To 2.68% APY - 8/6/2019

Space Coast Credit Union (FL) has raised the rates on its 12-month CD (2.68% APY) and 12-month IRA CD (3.19% APY). Either can be opened with a $500 min deposit.

View all posts from:


Reviews (29)

P.A.F.B SCCU Experience

Posted by: AnitaThomas | May 2, 2019

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

5

Called About Special Rate

Posted by: garyh1961 | Feb 21, 2019

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...

6

I made a poor decision

Posted by: drakeg20 | May 3, 2015

It was recommended to me to use Space Coast Credit Union but their checking and savings accounts are a joke. After a small period of time they quietly limit the amount you can transfer and don't say anything so I ended up with all kinds of outrageous fees at the end of the month.These kinds of tactics were quietly withheld from me during the signup process at the bank. I was told I would never pay any fees, etc. When I called to politely complain the customer service person hung up on me. I've since done some research on their overall financial health after the wall street crash of 2008 and it seems space coast credit union is on borrowed time which explains why they are now employing the shady tactics of big banks.

11

Banking with a Credit Union

Posted by: rexarcher | Dec 22, 2017

My experience has been nothing less than great. I'm happy to have used them for my banking needs. I always felt being a part of a Credit Union is better than just being part of a bank. The experience seems more personal and the rates for are pretty good. I would absolutely recommend them.

5
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Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #67297
Year Chartered1951
Employees848
Primary Regulator
Profit Margin
Return on Assets - YTD1.46%
Return on Equity - YTD10.64%
Annual Interest Income$78.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.58B$4.21B
LoansQ2 2019vs Q2 2018$3.59B$3.40B
DepositsQ2 2019vs Q2 2018$3.88B$3.57B
Equity CapitalQ2 2019vs Q2 2018$619.3MM$558.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$59.1MM$57.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$20.9MM$22.0MM
Real Estate OwnedQ2 2019vs Q2 2018$654.00K$2.6MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rate Reductions Again

garyh1961   |  
Rates reduced before fed actions again
2

.25 Basis Point Reduction All Products

garyh1961   |  
Looks as though the reductions have started 2 weeks early
3

12 Month CD Special

crispydinosaur   |  
With CD rates dropping unless willing to a long term CD (5 year) it is nice to see that Space Coast once again steps up to the bat and does a 12 month CD with 2.68 % A.P.R. . Take advantage of it while you can. I had a C.D. maturing at the beginning of the month and was able to get a better rate then I did last August. I just took advantage of it and have no regrets because I am certain the rate will drop very quickly. Kudos Space Coast, I will keep getting your C.D.s with great rates like this for such a short period of time.
4

Rates
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Always verify rates and promotions with the bank or credit union. We are not Space Coast 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 Coast Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$250k*-IRA Savings
OTHER TIERS: 1.00% → Up to $50k | 1.25% → $50k - $250k
1.00%--Health Savings Account
0.40%--Christmas Club
0.30%*$100k*-Share Savings
OTHER TIERS: 0.25% → Up to $100k
0.30%*$100k*-My Way Savings
OTHER TIERS: 0.25% → Up to $100k
0.30%*$100k*-Business Share Savings
OTHER TIERS: 0.25% → Up to $100k

Space Coast Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$250k*-Money Market Savings
OTHER TIERS: 0.50% → $2.5k - $10k | 0.75% → $10k - $25k | 0.85% → $25k - $50k | 1.00% → $50k - $100k | 1.26% → $100k - $250k
1.51%*$250k*-Business Money Market Savings
OTHER TIERS: 0.50% → $2.5k - $10k | 0.75% → $10k - $25k | 0.85% → $25k - $50k | 1.00% → $50k - $100k | 1.26% → $100k - $250k

Space Coast Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$50k*-Interest Checking
OTHER TIERS: 0.25% → Up to $5k | 0.50% → $5k - $50k
0.75%*$50k*-Business Interest Checking
OTHER TIERS: 0.50% → $7.5k - $50k

Space Coast Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month CD
2.78%$500-Business 60 Month CD
2.73%$500-54 Month CD
2.73%$500-Business 54 Month CD
2.68%$500-48 Month CD
2.68%$500-Business 48 Month CD
2.63%$500-42 Month CD
2.63%$500-Business 42 Month CD
2.57%$500-36 Month CD
2.57%$500-Business 36 Month CD
2.42%$500-30 Month CD
2.42%$500-Business 30 Month CD
2.37%$500-24 Month CD
2.37%$500-Business 24 Month CD
2.22%$500-18 Month CD
2.22%$500-Business 18 Month CD
2.12%$500-12 Month CD
2.12%$500-Business 12 Month CD
1.91%$500-6 Month CD
1.91%$500-Business 6 Month CD

Space Coast Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.29%$500-60 Month IRA CD
3.24%$500-54 Month IRA CD
3.19%$500-48 Month IRA CD
3.14%$500-42 Month IRA CD
3.09%$500-36 Month IRA CD
2.93%$500-30 Month IRA CD
2.88%$500-24 Month IRA CD
2.73%$500-18 Month IRA CD
2.63%$500-12 Month IRA CD
2.41%$500-6 Month IRA CD
Locations

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