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

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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.

Not Really Sure

Posted by: ItsTrue | Sep 9, 2018

I live in the volusia area. So I got a second bank account, for my new online business. I decided to go with a credit union thinking that they wouldn't nickel and dime me every month like BOA.

I deposited money and got my card. About a month later I get a letter saying that my card had been used in a bad online transaction, so they sent me another one. Well I had to spend all day setting up my new card number with paypal, and all of my suppliers. What a hassle! And I had only used my card three times, on ebay and one store that I've ordered from for years!! So it makes absolutely no sense to have to go through all of that.

Not only that, because I am trying to run a business using this card, about 80% of the time, when I go to purchase something online, the card is denied by the seller, claiming that there is 'fraud protection' in place. That's right, SCCU wont let me use my own debit card to purchase online most of the time. So I solved that problem by setting up my new card through paypal, so I could continue to make purchases for my business without having to make a phone call because my funds got frozen thanks to SCCUs incredibly tight 'security measures'! What a hassle, paypal charges me extra sometimes for transfers and purchases too so im still getting nickeled and dimed to death anyway.

Not only that, last week I had to make a transfer from my sccu account to my boa account. 9 days later the funds haven't cleared. I'm calling them on Monday (what kind of bank doesn't have 24 hour service?!) and ask them why my funds haven't been deposited yet.

I have a lot going on and I don't have time to switch banks right away, and go through he whole process of setting up a new financial institution for my business. but some day I will shop around and try to find a bank that will let me use my account and my card as it was intended.

And their website looks like it hasnt been updated since 2005. I haven't even downloaded the app due to the poor reviews so it inconvenient to only be able to check my account when i have my laptop around.

Space Coast mediocre

I called in because I was locked out from my online banking. When I called I had to talk to four different people before getting to someone that could truly help me. It made me extremely annoyed and wasted my time. I really feel like they could have done better in this department.

Bank was okay but customer service was lacking

The credit union as a whole was okay but one particular branch was just awful. And because they are small I had no choice but to use that particular location quite often. The managers were less than helpful and if you appeared upset at all because they were totally inept then they would refuse to help you. I had a state check that they tried to put a hold on and as I explained that it was a government check I was told I was wrong. I had to go to the regional manager and wait several days for a response. So I changed banks to a national chain and am now much happier



Health Grade Components

NCUA #67297
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD9.76%
Annual Interest Income$112.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$4.21B$4.01B
LoansQ3 2018vs Q3 2017$3.47B$3.16B
DepositsQ3 2018vs Q3 2017$3.55B$3.40B
Equity CapitalQ3 2018vs Q3 2017$576.6MM$520.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$60.0MM$53.2MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$27.0MM$27.8MM
Real Estate OwnedQ3 2018vs Q3 2017$2.4MM$5.9MM
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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

1.51%*$250k*-IRA Savings
OTHER TIERS: 0.20% Up to $2.5k | 0.50% $2.5k - $10k | 0.75% $10k - $25k | 0.85% $25k - $50k | 1.00% $50k - $100k | 1.26% $100k - $250k
1.00%--Health Savings Account
0.40%--Christmas Club
0.27%*$100k*-Share Savings
OTHER TIERS: 0.08% Up to $2.5k | 0.12% $2.5k - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.27%*$100k*-Optional Savings
OTHER TIERS: 0.08% Up to $2.5k | 0.12% $2.5k - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k

Space Coast Credit Union Money Market Rates

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

Space Coast Credit Union Checking Account Rates

0.75%*$50k*-Interest Checking
OTHER TIERS: 0.25% Up to $5k | 0.50% $5k - $50k

Space Coast Credit Union CD Rates

3.29%$500-60 Month CD
3.14%$500-54 Month CD
3.03%$500-48 Month CD
2.88%$500-42 Month CD
2.83%$500-36 Month CD
2.68%$500-30 Month CD
2.63%$500-24 Month CD
2.42%$500-18 Month CD
2.37%$500-12 Month CD
1.76%$500-6 Month CD

Space Coast Credit Union IRA Rates

3.29%$500-60 Month IRA CD
3.14%$500-54 Month IRA CD
3.03%$500-48 Month IRA CD
2.88%$500-42 Month IRA CD
2.83%$500-36 Month IRA CD
2.68%$500-30 Month IRA CD
2.63%$500-24 Month IRA CD
2.42%$500-18 Month IRA CD
2.37%$500-12 Month IRA CD
1.76%$500-6 Month IRA CD


Miami Area

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