Featured Savings Rates
Featured Accounts

Space Coast Credit Union

Popular Accounts at this Credit Union

1.61%5-year CD54 Month CD
1.61%5-year IRA54 Month IRA CD (Traditional, Roth, CESA)
1.00%1-year CD12 Month CD

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 Brevard, Flagler, Broward, Indian River, Miami-Dade, Martin, Orange, Monroe, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.
See current membership details

Related Posts

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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.

Great place to bank

Posted by: IteDavWel | Dec 2, 2017

Space Coast credit union is a great banking institution. You are treated as part of a family there and not like other banks where you are just a number. They offer great customer service and the website and mobile app are easy to use. You really do not need to call in but if for some reason you do they are really good with their customer service and will work to resolve any issues you are having in a timely manner. I also get paid a day earlier through the credit union than when i was with a regular bank so that is a plus also. i really enjoy the experience i have had with them and would tell anyone looking for banking that this is where to go .

Credit Union vs Bank

I enjoy belonging to a credit union more than a bank. They offer better customer service and put the customer first. With a credit union your pay is normally in the day before it would be with a bank. Their website is easy to use. It is easy to get a representative on the phone and you do not have to wait on hold a long time . If you need checkbook registers they send them to you in a prompt time frame. If you have any problem with your account they make the experience easy and not something that would make you frustrated. You can find Atms all over that accept your card so you are not charged a fee. I love the service and that is why I stay with my credit union. They make me feel special and that is important. Before I switched to them I was with a bank and always felt rushed when I got someone on the line .

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.



Health Grade Components

NCUA #67297
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD8.25%
Annual Interest Income$92.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$4.01B$3.78B
LoansQ3 2017vs Q3 2016$3.16B$2.90B
DepositsQ3 2017vs Q3 2016$3.40B$3.19B
Equity CapitalQ3 2017vs Q3 2016$520.5MM$482.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$53.2MM$51.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$27.8MM$36.4MM
Real Estate OwnedQ3 2017vs Q3 2016$5.9MM$12.7MM
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* 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

1.01%--Health Savings Account
1.01%--Business Health Savings Account
0.50%*$250k*-IRA Savings
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.50%*$250k*-Business IRA Savings
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.27%*$100k*-Share Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.27%*$100k*-Optional Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.27%*$100k*-Business Share Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.15%--Christmas Club

Space Coast Credit Union Money Market Rates

0.45%$50k-Premium Investors Money Market Savings w/Active Checking
0.40%*$100k*-Money Market Checking
OTHER TIERS: 0.15% $5k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Money Market Savings
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Business Money Market Savings
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.35%$15k-Investors Money Market Savings w/Active Checking
0.25%$50k-Premium Investors Money Market Savings w/o Active Checking
0.15%$15k-Investors Money Market Savings w/o Active Checking

Space Coast Credit Union Checking Account Rates

0.40%*$50k*$250kBusiness Platinum Interest Checking
OTHER TIERS: 0.00% $250k+ | 0.20% $5k - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k
0.35%*$75k*-Business Interest Checking
OTHER TIERS: 0.17% $7,500 - $10k | 0.21% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k
0.08%--Interest Checking

Space Coast Credit Union CD Rates

1.86%$500-60 Month CD
1.61%$500-54 Month CD
1.41%$500-48 Month CD
1.31%$500-42 Month CD
1.26%$500-36 Month CD
1.21%$500-30 Month CD
1.15%$500-24 Month CD
1.10%$500-18 Month CD
1.00%$500-12 Month CD
0.75%$500-6 Month CD

Space Coast Credit Union IRA Rates

1.86%$500-60 Month IRA CD
1.61%$500-54 Month IRA CD
1.41%$500-48 Month IRA CD
1.31%$500-42 Month IRA CD
1.26%$500-36 Month IRA CD
1.21%$500-30 Month IRA CD
1.15%$500-24 Month IRA CD
1.10%$500-18 Month IRA CD
1.00%$500-12 Month IRA CD
0.75%$500-6 Month IRA CD