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
Related Posts
11/16 - Space Coast CU Up To 4.84% On 33 Month Term
8/18 - Space Coast Credit Union (FL) 21-Mo CD Special Has Competitive Rate
8/12 - 3.29 APY CD For 21 Months
2/27 - Quarter Point Rate Cut All Cds
1/9 - Space Coast Credit Union (FL) Has Leading IRA CD Rates
10/1 - Rate Reductions Again
9/5 - .25 Basis Point Reduction All Products
8/6 - Space Coast Credit Union Ups 12-Month CD To 2.68% APY
8/5 - 12 Month CD Special
7/27 - Space Coast Credit Union (FL) 60-Month CD Earns 3.19% APY
4/9 - Excellent IRA CD Rates Up To 3.85% APY At Space Coast Credit Union
4/8 - 3.85% APY 60 Month IRA Certificate And Other Competitive IRA Rates
2/22 - 3.29 % 15 Month CD (Expired)
2/20 - Space Coast Credit Union Has New 15-Month CD - EXPIRED
8/4/14 - Credit Union Kills Auto Loan Campaign After Driving Car Dealers Furious
10/11/11 - Competitive Long-Term CD Rates at Space Coast Credit Union in Florida
11/17/10 - 2.52% 5-Year CD & IRA CD At Space Coast Credit Union In Florida
11/22/09 - 2.68% Reward Checking Account at a South Florida CU (Eastern Financial Florida)
10/17/09 - 2.25% 7-Month CD Continues at Eastern Financial Florida CU (Division of SCCU) - Local Only
1/24/09 - 3.40% 13-Month CD at Eastern Financial Florida Credit Union
9/7/08 - 4.50% 11-Month CD at a Florida CU (Space Coast)
10/5/07 - 5.55% 5-Month CD at a Florida CU (Space Coast).
10/5/07 - 5.35% 7-Month CD at a Florida CU Continues (Space Coast)
6/7/07 - 5.55% 13-Month / 5.55% 27-Month CD at Eastern Financial Florida CU
12/8/06 - 5.75% 7-Month CD at a Florida CU (Eastern Financial)
6/18/06 - 5.50% 11-Month CD at a Florida CU
4/17/06 - 5.25% 7-Month CD at a Florida CU
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.
Called About Special Rate
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...
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.
Would NOT Recommend
Be extremely careful with fees/insurances that are charged by this institution!
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67297 |
| Year Chartered | 1951 |
| Employees | 1012 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 8.18% |
| Annual Interest Income | $170.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $8.63B$7.34B |
| Loans | Q2 2023vs Q2 2022 | $7.49B$5.72B |
| Deposits | Q2 2023vs Q2 2022 | $6.81B$6.30B |
| Equity Capital | Q2 2023vs Q2 2022 | $795.2MM$750.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$44.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $27.6MM$15.4MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
