Dec, 31, 2023 — SPACE COAST CREDIT UNION is a federally insured state chartered credit union headquartered in MELBOURNE, FL with 66 branch locations and about $8.95 billion in total assets. Opened 73 years ago in 1951, SPACE COAST CREDIT UNION has about 644,296 members and employs 1,055 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPACE COAST CREDIT UNION |
|---|---|
| Address: (Main Office) | 8045 N Wickham Rd MELBOURNE, FL 32940-7920 |
| Phone: | (321) 752-2222 |
| Fax: | (321) 956-7888 |
| Website: | https://www.sccu.com |
| Branches: | 66 branch locations |
| Members: | 644,296 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67297 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,946,056,038 |
| CEO/Manager: | Tim Antonition |
| Chairperson: | Thomas J Myers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 718,470,841 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,665,249,313 |
| Unsecured Loans | 233,516,899 |
| Other Loans | 4,485,226,399 |
| TOTAL LOANS | 7,384,367,211 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,939,706 |
| Land And Building | 76,248,111 |
| Other Fixed Assets | 52,335,817 |
| NCUSIF Deposit | 64,466,207 |
| All Other Assets | 3,682,276 |
| TOTAL ASSETS | 8,946,056,038 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,377,402 |
| Notes & Interest Payable | 1,140,000,000 |
| Accounts Payable & Other Liabilities | 157,176,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,648,266,634 |
| Regular shares | 2,246,224,951 |
| All Other Shares & Deposits | 2,919,977,301 |
| TOTAL SHARES & DEPOSITS | 6,814,468,886 |
| TOTAL LIABILITIES | 8,114,022,787 |
| Regular Reserve | 0 |
| Other Reserves | -53,446,681 |
| Undivided Earnings | 885,479,932 |
| TOTAL EQUITY | 832,033,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,946,056,038 |
| INCOME & EXPENSE | |
| Loan Income | 329,600,865 |
| Investment Income | 33,043,121 |
| Other Income | 34,308,011 |
| Total Employee Compensation & Benefits | 94,866,128 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 107,455,853 |
| Non-operating Income & (Expense) | -994,905 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,326,145 |
| Cost of Funds | 121,479,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,396,934 |
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