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.
Zelle Won’T Protect You
Beware… Won’t protect you from Zelle scam. I don’t believe any bank can. Zelle protects scammers. Should just not offer it to members
The Worst! Dont Trust Them With Your Money
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
| Overall | |
|---|---|
| NCUA # | 67297 |
| Year Chartered | 1951 |
| Employees | 1178 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 5.87% |
| Annual Interest Income | $105.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $9.01B$9.21B |
| Loans | Q1 2025vs Q1 2024 | $7.63B$7.46B |
| Deposits | Q1 2025vs Q1 2024 | $7.26B$7.39B |
| Equity Capital | Q1 2025vs Q1 2024 | $910.8MM$842.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $83.6MM$75.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $40MM$29.9MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $188K$0 |
