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 Alachua, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Duval, Flagler, Hernando, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, or Volusia. Family members of existing credit union members are also eligible to join.
See current membership details
Great Interaction With Staff
I have read the reviews but I have not had any of the issues that were described. The staff has been nothing but helpful and pleasant to deal with.
CD Interest
Just chatted with a REP. You can NOT withdraw Interest from their CD's. I do not need the interest but it is a very nice option if something comes up.
Fees And Zelle
I had a hefty account. Until a Zelle payment to an online seller -I lost hundreds and SCCU DID NOTHING. Also, sneaky fees and unable to increase credit limit, whereas my bank did, with ease. . Be careful here… Pulling all my money out slowly. Going to give Navy Fed a try.
Atms Do Not Take Deposits
Saturday afternoon. I drove to 4 branch locations in Orange City and Deland FL. One didn't have an ATM, fair enough. The other 3 had walkup ATMs, 2 of which were designated "Deposit taking ATM" on the SCCU website.
Don't waste your time and gas. The ATM took the cash, counted it correctly, and when I pushed the "Finish $XX deposit" button, it gave me the money back and the screen said the deposit could not be processed.
Been with SCCU for 10 years. Doesn't meet my needs anymore.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67297 |
| Year Chartered | 1951 |
| Employees | 1139 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 5.48% |
| Annual Interest Income | $420.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $8.8B$8.95B |
| Loans | Q4 2024vs Q4 2023 | $7.4B$7.38B |
| Deposits | Q4 2024vs Q4 2023 | $7.22B$6.81B |
| Equity Capital | Q4 2024vs Q4 2023 | $890MM$832MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $77.8MM$71.9MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $46.8MM$32.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $258K$0 |
