It is a union insured and regulated by the National Credit Union Administration (NCUA). Formed in 1951 as Patrick Air Force Base Credit Union to serve Patrick Air Force Base, the credit union started with $372 and 7 members. We will give you all the details in this article.
As of 2015, SCCU had over 300,000 members and $4 billion in assets, ranking the third-largest credit union in Florida. SCCU has a total number of 847 (2015) employees and a total number of 58 locations. Space Credit Union Key people are Tim Antonition, CEO/President.
The company changed its name to Space Credit Union in 1980, and merged with Eastern Financial Florida Credit Union in 2009, growing SCCU’s assets to $3.2 billion and 380,000 members.
Before the merger, bad loans and investments made during the 2007-2008 financial crisis put Eastern Financial into distress which prompted NCUA to take control of Eastern Financial and turned operations over to SCCU.
In 2011, SCCU spun off Tampa Bay area operations to MidFlorida Credit Union, which resulted in gaining MidFlorida 16,000 members, 6 branch locations, and $115 million in assets.
In 2012, Alive Credit Union acquired two of SCCU’s branches in Jacksonville.
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Space Coast Credit Union Specialty
Space Coast Union offers banking services and specializes in online banking, business loan, savings accounts, debit card, mobile banking, checking accounts, personal loan, e-statement, direct deposit, real estate loan, and insurance services.
Who Can Join?
Space Coast Credit Union membership is open to anyone who works or lives in one of 14 Florida counties;
- Indian River
- Palm Beach
- Lucien, or Volusia.
Space Coast Credit Union Website
Get onboard the Space Coast Credit Union ship and find out what works well from the people who know best.
This is one of the best union out there. It is great.