Featured Accounts

Space Coast Credit Union

Popular Accounts at this Credit Union

1.61%5-year CD54 Month CD
1.61%5-year IRA54 Month IRA CD (Traditional, Roth, CESA)
0.65%1-year CD12 Month CD

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

Related Posts

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Fantastic local credit union!

Posted by: Danolee | Nov 2, 2015

I have been banking with Space Coast Credit Union for over eight years now and I've never had a problem with them or a problem they didn't immediately work with me about (if there was a glitch/error on their end) and then fix. Their ATMs/banks have been plentiful and growing steadily throughout Brevard County with customer service that's always quick, friendly, and more than willing to take the extra step to make sure that you're helped and shown that your money matters. Their online response for me when I was stuck at home was also incredible and the one time I had unknown charges made to my account they were fast to respond on a weekend! My roommate has had gone with at least three big-known banks that have all stolen money from him and did minimal help when identity theft happened to him.

Review Of My Local Bank

Posted by: Lasko | Apr 27, 2016

Space Coast credit Union is a bank that is located in Florida. I have purchased a car by getting an loan throuhg them, and I also have a savings account with SSCU. I have been with SCCU for about 3 years now. I did have to apply to be a member with them, and wait for their approval. Once I was accepted I was then able to open my savings account and apply for my car loan. They offer this member's rewards program, I was sent a little rewards card in the mail. They base the rewards levels on participation of your household and it applies to both my car loan and my savings account, but if you';re a member with them every different type of account like CD's, Credit Cards, etc goes toward you member level. The great thing I like about the member rewards is it qualifies me for discounts. I am a premier level but the levels go all the way up to diamond elite. The only thing that ever really upset me was, i thought I was signed up on paperless statements, and I found out the hard way i was set up on both paper and paperless. They charge $1 to mail me a paper statement, and I didn't know I was getting charged for like 2yrs. So every month I transfer my car payment from one of my other bank accounts into my savings account with SCCU. All of a sudden I'm getting a call from collections this past November telling me I hadn't made my car payment. I explained yes I did and I have been making the same payment on the same day for two years. The customer service rep I spoke with was very nice and helpful. She explained the issue, and I was able to go into my online banking and cancel the paper statements. Since I was getting charged for these it had brought the balance of my account down too low, so they couldn't pull my car payment without my balance getting below the required monthly balance. I just transferred a few extra dollars in from my other account and all was well again. I called back the next day, got another customer service rep that was able to see the notes from the previous day, and she waived the late fee on the car payment, since I had attempted to make the payment and just didn't know I had been paying $1 for paper statements for 2 years. Another great service they offer, since they're only located in Florida, is if you travel they'll connect you with many other credit unions they work with, so you can go out of state and use one of the branches they work with and avoid any type off fees and things like that. Another great feature they offer is with a checking account, they call is ODP, and depending on your direct deposit amount you can qualify for $500-$1000, that you can withdraw in cash, and actually overdraw your account, then when you pay it back you just pay a $25 fee. I thought this was amazing because most banks won't just hand you over $500-$1000 if it's not in your account, but they do require you to be on direct deposit to get this feature. I have had a great experience using SCCU for my savings and car loan. I'm not a bug fan of their online banking I think it needs some work. it's not as user friendly as others I have come across, however they did finally come out with mobile banking. i think they're a little behind the times of technology but they're working to get caught up and that's a step in the right direction in my eyes. I look forward to many more years of membership with them

Simple Online Tasks Are Failures!

Posted by: Mlch | Jan 4, 2017

They are far behind Wells Fargo, I hate to say this but we have tried many times to link my account and my boyfriends account so money transfers can be quick and simple, we even went to the location to get that done and our accounts are still NOT linked. I am having an impossible time trying to link my account to PAYPAL, I click on the PAYPAL link page and sign in and it just loads and loads and loads. I left the page on for 8 hours when I went to work and it was still loading after 8 hours!!!!

Once these problems get resolved and their online issues stop occurring, I will delete this review!

Worst Service Ever!

Posted by: Trim | Aug 26, 2017

To say that this is the worst bank ever is an understatement. The so called manager Kim at the Malabar location provided the most horrible service and had me and my two small kids escorted out by police because she refused to count out $1800 when I requested to close my account. She also directed her employees not to assist. Their online portal is down several times for the month, and there is a major disconnect between online customer service and in the branch. Almost as though they are two different banks. If this is how a manager treats customers, I would never recommend anyone to this bank. My 10 year old was even shocked at her behavior.



Health Grade Components

NCUA #67297
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD8.92%
Annual Interest Income$60.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$4.02B$3.76B
LoansQ2 2017vs Q2 2016$3.09B$2.85B
DepositsQ2 2017vs Q2 2016$3.41B$3.19B
Equity CapitalQ2 2017vs Q2 2016$511.0MM$476.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$52.3MM$47.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$28.0MM$36.4MM
Real Estate OwnedQ2 2017vs Q2 2016$7.6MM$13.0MM
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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

1.01%--Health Savings Account
1.01%--Business Health Savings Account
0.50%*$250k*-IRA Savings
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.50%*$250k*-Business IRA Savings
OTHER TIERS: 0.20% Up to $2,500 | 0.25% $2,500 - $10k | 0.30% $10k - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.27%*$100k*-Share Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.27%*$100k*-Optional Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.27%*$100k*-Business Share Savings
OTHER TIERS: 0.08% Up to $2,500 | 0.12% $2,500 - $10k | 0.18% $10k - $50k | 0.22% $50k - $100k
0.15%--Christmas Club

Space Coast Credit Union Money Market Rates

0.45%$50k-Premium Investors Money Market Savings w/Active Checking
0.40%*$100k*-Money Market Checking
OTHER TIERS: 0.15% $5k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Money Market Savings
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Business Money Market Savings
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.35%$15k-Investors Money Market Savings w/Active Checking
0.25%$50k-Premium Investors Money Market Savings w/o Active Checking
0.15%$15k-Investors Money Market Savings w/o Active Checking

Space Coast Credit Union Checking Account Rates

0.40%*--Business Platinum Interest Checking
0.35%*$75k*-Business Interest Checkin
OTHER TIERS: 0.17% $7,500 - $10k | 0.21% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k
0.08%--Interest Checking

Space Coast Credit Union CD Rates

1.87%$500-60 Month CD
1.86%$500-Business 60 Month CD
1.61%$500-54 Month CD
1.61%$500-Business 54 Month CD
1.41%$500-48 Month CD
1.41%$500-Business 48 Month CD
1.16%$500-42 Month CD
1.16%$500-Business 42 Month CD
1.06%$500-36 Month CD
0.95%$500-Business 36 Month CD
0.75%$500-24 Month CD
0.75%$500-30 Month CD
0.75%$500-Business 30 Month CD
0.70%$500-18 Month CD
0.65%$500-12 Month CD
0.50%$500-6 Month CD
0.50%$500-Business 24 Month CD
0.40%$500-Business 18 Month CD
0.30%$500-Business 12 Month CD
0.25%$500-Business 6 Month CD

Space Coast Credit Union IRA Rates

1.87%$500-60 Month IRA CD
1.61%$500-54 Month IRA CD
1.41%$500-48 Month IRA CD
1.16%$500-42 Month IRA CD
1.06%$500-36 Month IRA CD
0.75%$500-24 Month IRA CD
0.75%$500-30 Month IRA CD
0.70%$500-18 Month IRA CD
0.65%$500-12 Month IRA CD
0.50%$500-6 Month IRA CD