Space Coast Credit Union (also known as SCCU) is a state-chartered credit union headquartered in Melbourne, Florida. It is insured and regulated by the National Credit Union Administration (NCUA).[2] As of 2022, SCCU had over 560,000 members and $7.7 billion in assets, making it the third largest credit union in Florida.[1]
SCCU was formed in 1951 as Patrick Air Force Base Credit Union, serving Patrick Air Force Base.[3] The credit union started with $372 and 7 members.
The company changed its name to Space Coast Credit Union in 1980.[4]
In 2009, SCCU merged with Eastern Financial Florida Credit Union, growing SCCU's assets to $3.2 billion and 380,000 members.[5] Prior to the merger, bad loans and investments made during the 2007–2008 financial crisis put Eastern Financial into distress.[6] NCUA took control of Eastern Financial and turned operations over to SCCU.
In 2011, SCCU spun off its Tampa Bay area operations to MidFlorida Credit Union, gaining MidFlorida 16,000 members, 6 branch locations, and $115 million in assets.[7]
Alive Credit Union acquired two of SCCU's branches in Jacksonville in 2012.[8]
^ abPrice, Wayne T. (June 24, 2015). "Space Coast CU Begins $30 Million Expansion". Florida Today. Retrieved June 25, 2015.
^"2012 Directory of Federally Insured Credit Unions" (PDF). National Credit Union Administration. Retrieved June 25, 2015.
^Oates, Sarah (September 24, 1989). "Brevard Credit Union Takes Off Like Rocket". Orlando Sentinel. Retrieved June 17, 2014.
^"Space Coast Credit Union: Private Company Information". Bloomberg Businessweek. Archived from the original on June 18, 2014. Retrieved August 22, 2014.
^Samaad, Michelle A. (July 1, 2009). "Space Coast, Eastern Financial Merger Gets Green Light". Credit Union Times. Retrieved June 17, 2014.
^Harrington, Jeff (April 24, 2009). "Regulators seize Eastern Financial Florida Credit Union". Tampa Bay Times. Retrieved August 6, 2014.
^Roberts, Ed (December 12, 2011). "Space Coast CU Spins Off Six Branches, 16,000 Members to MidFlorida CU". Credit Union Journal. Retrieved June 17, 2014.
^Roberts, Ed (August 2, 2012). "NCUA Clears Space Coast CU Spin-Off of Jacksonville Branches". American Banker. Retrieved August 22, 2014.
^About Space Coast Credit Union (SCCU) Retrieved on 2022-07-08.
External linksedit
Official website
December 14, 2023
space, coast, credit, union, also, known, sccu, state, chartered, credit, union, headquartered, melbourne, florida, insured, regulated, national, credit, union, administration, ncua, 2022, sccu, over, members, billion, assets, making, third, largest, credit, u. Space Coast Credit Union also known as SCCU is a state chartered credit union headquartered in Melbourne Florida It is insured and regulated by the National Credit Union Administration NCUA 2 As of 2022 SCCU had over 560 000 members and 7 7 billion in assets making it the third largest credit union in Florida 1 Space Coast Credit UnionFormerlyPatrick Air Force Base Credit UnionTypeCredit UnionIndustryFinancial servicesFounded1951HeadquartersMelbourne Florida USANumber of locations65 BranchesArea servedAlachua Brevard Broward Charlotte Citrus Clay 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 Volusia Counties in FloridaKey peopleTim Antonition CEO PresidentProductsSavings Checking Consumer loans Mortgages Credit cards Investments Online bankingTotal assetsUS 7 7 billion 2022 Number of employees847 1 2015 WebsiteSCCU com Contents 1 History 2 Membership 3 References 4 External linksHistory editSCCU was formed in 1951 as Patrick Air Force Base Credit Union serving Patrick Air Force Base 3 The credit union started with 372 and 7 members The company changed its name to Space Coast Credit Union in 1980 4 In 2009 SCCU merged with Eastern Financial Florida Credit Union growing SCCU s assets to 3 2 billion and 380 000 members 5 Prior to the merger bad loans and investments made during the 2007 2008 financial crisis put Eastern Financial into distress 6 NCUA took control of Eastern Financial and turned operations over to SCCU In 2011 SCCU spun off its Tampa Bay area operations to MidFlorida Credit Union gaining MidFlorida 16 000 members 6 branch locations and 115 million in assets 7 Alive Credit Union acquired two of SCCU s branches in Jacksonville in 2012 8 Membership editMembership at SCCU is open to anyone who works or lives in one of 34 Florida counties Alachua Brevard Broward Charlotte Citrus Clay 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 9 References edit a b Price Wayne T June 24 2015 Space Coast CU Begins 30 Million Expansion Florida Today Retrieved June 25 2015 2012 Directory of Federally Insured Credit Unions PDF National Credit Union Administration Retrieved June 25 2015 Oates Sarah September 24 1989 Brevard Credit Union Takes Off Like Rocket Orlando Sentinel Retrieved June 17 2014 Space Coast Credit Union Private Company Information Bloomberg Businessweek Archived from the original on June 18 2014 Retrieved August 22 2014 Samaad Michelle A July 1 2009 Space Coast Eastern Financial Merger Gets Green Light Credit Union Times Retrieved June 17 2014 Harrington Jeff April 24 2009 Regulators seize Eastern Financial Florida Credit Union Tampa Bay Times Retrieved August 6 2014 Roberts Ed December 12 2011 Space Coast CU Spins Off Six Branches 16 000 Members to MidFlorida CU Credit Union Journal Retrieved June 17 2014 Roberts Ed August 2 2012 NCUA Clears Space Coast CU Spin Off of Jacksonville Branches American Banker Retrieved August 22 2014 About Space Coast Credit Union SCCU Retrieved on 2022 07 08 External links editOfficial website nbsp Retrieved from https en wikipedia org w index php title Space Coast Credit Union amp oldid 1156352967, wikipedia, wiki, book, books, library,
