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 |
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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 |
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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 |
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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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