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Quick Take: Space Coast Credit Union is a state-chartered credit union. Like all credit unions, it is owned by its members. This means it can offer higher rates of interest than many banks because it doesn't need to concern itself with making money for its shareholders. The institution offers a wide array of deposit accounts and services. This Space Coast Credit Union review breaks it down.
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Space Coast Credit Union Review: OverviewSpace Coast Credit Union (SCCU) was founded in 1951 and is now the third-largest credit union in Florida, with over 500,000 members and $7 billion in assets. SCCU has 65 branches along the East Coast of Florida, from Flagler County to Miami-Dade. Thanks to this accessibility and the products available to members, GOBankingRates has ranked it as one of the Top 100 Banks of 2022. Space Coast Credit Union offers checking, savings and investment accounts as well as credit cards, mortgages, home equity loans and auto loans. It’s easy to qualify to be a member to open an account. You just have to live or work in one of the following Florida counties: Brevard, Broward, Clay, Collier, Duval, Flagler, Hillsborough, Indian River, Lake, Lee, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Seminole, St. Johns, St. Lucie, Sumter or Volusia. Key FeaturesSCCU’s high score of 4.8 is based on four of the credit union’s top-performing categories of annual percentage yield rates (APYs), benefits, products and customer service. APYsThe Space Coast Credit Union Interest Checking account pays comparatively high interest, depending on your balance — you can earn between and APY. Savings accounts earn APY on all balances. To maximize the earnings, the Savings Cents account pays a much higher APY on balances of up to $2,500 and the regular savings account rate on the remainder of the balance. Money market accounts with balances of at least $2,500 earn between and APY based on the amount. CDs are available for terms of 6 to 60 months with rates between and APY. BenefitsThe credit union’s range of financial and deposit products are extensive, with several options in each account category. It offers a wide array of products, just like the big banks, but still has the feel of a smaller regional bank. SCCU has traditional offerings, such as a Christmas Club Savings account that lets you put aside a little each month to spend when the holidays come around. It also has online banking and a mobile app, so you can do all your banking remotely if you want, plus 65 physical branches and access to the CO-OP network for additional branch locations. ProductsThe following accounts are the most popular. Space Coast Credit Union offers four checking account options. If you set up direct deposit, you can receive your pay one day earlier. AccountMonthly Maintenance FeeMinimum Opening DepositInterestFree Checking$0$25NoStudent Checking$0$25NoHealth Savings Checking$0$0YesInterest Checking$15, waivable with $1,500 daily balance$25YesOnce you establish membership, Space Coast Credit Union provides a savings account that pays APY on any size balance. You’ll need to fund it with $5 and maintain a balance of at least that small amount. There are other savings account options without service fees, each earning a specific yield. Try My Way Savings to save for a specific goal, Christmas Club Savings to put aside a little each month for holiday shopping, or, for those under 18, a Youth Savings account to learn smart habits early. SCCU also offers a money market account that pays interest depending upon the account balance. The minimum balance to earn interest is $2,500. Although you do receive check writing privileges and bill payments through the online or mobile banking app, you’re limited to just six transactions per month. In addition, a $15 monthly low-balance fee will be charged if your balance falls below $2,500. CDs offer a fixed interest rate based on the term of the certificate. The longer the term, the more interest you can expect to earn. CDs are a safe, guaranteed investment that many savers use for long-term goals. Space Coast Credit Union’s rates depend on which of the term lengths choose, between six months and 60 months. They require at least $500 to open. Customer ServiceCustomer service is available at one of the many SCCU or Co-Op branches. You can also reach the credit union Mondays to Fridays from 8:00 a.m. to 8:00 p.m. EST and Saturday from 9:00 a.m. to 5:00 p.m. The credit union has local customer service phone numbers found on any of your bank documentation, or you can try 1-800-447-7228. How Space Coast Credit Union Stands OutSpace Coast’s branch availability, number of account options and competitive interest rates are some of the top features that set the credit union apart. Plus, most Space Coast Credit Union accounts have no monthly maintenance fees to worry about. Space Coast Credit Union vs. CompetitorsWhen deciding where to bank, you may want to compare Space Coast Credit Union to competing banks. Here are some things to consider. Space Coast Credit Union vs. Launch Credit UnionLaunch Credit Union offers promotions ranging from lower interest rates on loans to drawings for enrolling in eStatements. Space Coast Credit Union serves 28 counties in Florida, compared to just six for Launch Credit Union. Space Coast Credit Union vs. Wells FargoBoth institutions provide a wide variety of services. Wells Fargo has 7,200 branches across the country, so if you like to do your banking in person, you can do so just about anywhere. But if you want a checking account with no hoops to jump through to waive the maintenance fees, Space Coast Credit Union is a better choice. Space Coast Credit Union vs. ChaseChase Bank offers a wide range of products, including rewards credit cards that can result in some serious cash back. Being a national brand, it’s more accessible if you like to travel or need to move to another part of the country. The interest rates on Space Coast’s accounts are significantly higher than Chase’s, however. How To Open an AccountYou can open an account online or by visiting a branch. You’ll need to provide personal details, such as your date of birth and address, to establish your qualifications as an employee or resident in one of the Florida counties SCCU services. In addition, you’ll need to provide your Social Security number. Once you’re a member, you’ll receive a regular savings account that must be funded with $5 or more. Final TakeSpace Coast Credit Union offers a wide variety of products with competitive interest rates. If you’re looking for a bank where you can have all of your accounts in one place, and you’d rather deal with an institution that answers to its members instead of to shareholders, Space Coast is worth a look if you live in the eastern Florida membership region. Space Coast Credit Union FAQHere are answers to some commonly asked questions about Space Coast Union.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of June 22, 2022. Editorial Note: This content is not provided by Space Coast Credit Union. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Space Coast Credit Union. Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.  Is this your bank?Yes No Stay Up to Date on the Latest From Your BankKeep a good thing going with top financial tips and advice from GOBankingRates. Sign Up Now Please enter an email. Please enter a valid email address. There was an unknown error. Please try again later. Thank You For Signing Up!Get ready to receive top financial tips from the experts at GOBankingRates. Take Advantage of our Best Offer(s)Share This Article: By Cynthia BowmanJune 23, 2022Is this your bank?Yes No Stay Up to Date on the Latest From Your BankKeep a good thing going with top financial tips and advice from GOBankingRates. Sign Up Now Please enter an email. Please enter a valid email address. There was an unknown error. Please try again later. Thank You For Signing Up!Get ready to receive top financial tips from the experts at GOBankingRates. Take Advantage of our Best Offer(s)Related Articles
About the AuthorCynthia BowmanCynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more. Does Space Coast Credit Union have an app?The SCCU Mobile app is a free 60, safe, and secure way to access your bank accounts on the go. Take advantage of these great features that Mobile Banking has to offer and download the SCCU Mobile app today!
Is Space Coast Credit Union a real bank?Is Space Coast Credit Union a real bank? Space Coast Credit Union has been providing financial services since 1951. It's the third-largest credit union in Florida, with over 500,000 members and $7 billion in assets. GOBankingRates has ranked it as one of the Top 100 Banks of 2022.
What is the member number for Space Coast?By Phone: Use Call-24 Bank by Phone Access (must have a Call-24 PIN) or speak with one of our Member Service Center representatives at 321-752-2222.
What is my Space Coast account access code?This code is defaulted to the last 4 digits of your social security number, unless you specify otherwise. Please note that SCCU will never request personal or member account information via an outbound phone call, text message, or email that you did not first initiate.
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Space Coast Credit Union account number on app
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