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 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

Posted by: |

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

Posted by: |

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.

Atms Do Not Take Deposits

Posted by: |

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.

The Worst! Dont Trust Them With Your Money

Posted by: |

I joined SCCU hoping for more personalized attention. My husband and I applied for a tiny loan for a used RV, $25k to be exact. We have deposits near twice that amount They denied us stating we "were planning to live in the RV". This was incorrect and was info from my adult son who applied months before. Spent an hour on the phone Saturday explaining to a CSR. They stated they added that info to the application. Got another denied email. Called back..disconnected 2x finally reached a human who said the SAME EXACT THING! When we AGAIN said NO and told her our conversation on Saturday she said yes that info added yet the INCORRECT INFO was STILL THE ONLY REASON FOR DENIAL. Went and closed my account. Settling on a property we sold with 6 figures in equity which we were going to deposit. They can't tell my account from my adult son I'm not trusting them with ANY OF MY MONEY.



Health Grade Components

NCUA #67297
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD5.32%
Annual Interest Income$101.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$9.21B$8.7B
LoansQ1 2024vs Q1 2023$7.46B$7.37B
DepositsQ1 2024vs Q1 2023$7.39B$6.9B
Equity CapitalQ1 2024vs Q1 2023$842.1MM$780.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$75.1MM$71.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$29.9MM$20.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

2.27%*$0$25kSCCU Saving Cents Account
OTHER TIERS: 1.26% $25k+
0.75%*$250k*-IRA Savings
OTHER TIERS: 0.50% $0 - $10k | 0.55% $10k - $25k | 0.60% $25k - $50k | 0.65% $50k - $100k | 0.70% $100k - $250k
0.50%$0-Health Savings Account
0.25%$0-Christmas Club
0.04%$0-Share Savings
0.04%$0-My Way Savings
0.04%$0-Business Savings Account
0.04%$0-Youth Savings

Space Coast Credit Union Money Market Rates

1.26%*$250k*-Money Market Savings
OTHER TIERS: 1.00% $2.5k - $10k | 1.06% $10k - $25k | 1.11% $25k - $50k | 1.16% $50k - $100k | 1.21% $100k - $250k
1.26%*$250k*-Business Money Market Savings
OTHER TIERS: 1.00% $2.5k - $10k | 1.06% $10k - $25k | 1.11% $25k - $50k | 1.16% $50k - $100k | 1.21% $100k - $250k

Space Coast Credit Union Checking Account Rates

0.50%*$100k*-Business Interest Checking
OTHER TIERS: 0.25% $7.5k - $50k | 0.30% $50k - $75k | 0.40% $75k - $100k
0.30%*$50k*-Interest Checking
OTHER TIERS: 0.15% $0 - $5k | 0.25% $5k - $50k

Space Coast Credit Union CD Rates

4.60%$500-12 Month CD
4.60%$500-Business 12 Month CD
4.55%$500-9 Month CD
4.55%$500-Business 9 Month CD
4.50%$500-18 Month CD
4.50%$500-Business 18 Month CD
4.45%$500-6 Month CD
4.45%$500-Business 6 Month CD
4.28%$500-24 Month CD
4.28%$500-Business 24 Month CD
4.10%$500-60 Month CD
4.10%$500-Business 60 Month CD
4.10%$500-3 Month CD
4.10%$500-Business 3 Month CD
4.05%$500-48 Month CD
4.05%$500-54 Month CD
4.05%$500-Business 48 Month CD
4.05%$500-Business 54 Month CD
4.00%$500-30 Month CD
4.00%$500-36 Month CD
4.00%$500-42 Month CD
4.00%$500-Business 30 Month CD
4.00%$500-Business 36 Month CD
4.00%$500-Business 42 Month CD

Space Coast Credit Union IRA Rates

4.60%$500-12 Month IRA CD
4.55%$500-9 Month IRA CD
4.50%$500-18 Month IRA CD
4.45%$500-6 Month IRA CD
4.28%$500-24 Month IRA CD
4.10%$500-60 Month IRA CD
4.10%$500-3 Month IRA CD
4.05%$500-48 Month IRA CD
4.05%$500-54 Month IRA CD
4.00%$500-30 Month IRA CD
4.00%$500-36 Month IRA CD
4.00%$500-42 Month IRA CD


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