Space Coast Credit Union
| File:Space Coast CU.png | |
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Formerly called
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Patrick Air Force Base Credit Union |
|---|---|
| Credit Union | |
| Industry | Financial Services |
| Founded | 1951 |
| Headquarters | Melbourne, Florida, USA |
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Number of locations
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58[1] |
|
Area served
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Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, Volusia Counties in Florida |
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Key people
|
Doug Samuels, CEO/President |
| Products | Savings; Checking; Consumer loans; Mortgages; Credit cards; Investments; Online banking |
| Total assets | US$3.4 billion (2015) |
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Number of employees
|
750[1] (2015) |
| Website | SCCU.com |
Space Coast Credit Union (also known as SCCU) is a state-charted credit union headquartered in Melbourne, Florida. It is insured and regulated by the National Credit Union Administration (NCUA).[2] As of 2015, SCCU had over 300,000 members and $3.4 billion in assets, making it the third largest credit union in Florida.[1]
History
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]
Membership
Membership at SCCU is open to anyone who works or lives in one of 14 Florida counties: Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia.[9]
References
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External links
- No URL found. Please specify a URL here or add one to Wikidata.
