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Money Market Accounts: Everything You Need to Know

When considering safe, no-risk places to deposit your money, a savings account and a checking account are probably top of mind—and perhaps certificates of deposit (CDs). But how about considering another one that also comes with plenty of benefits: a money market account? (If you’re already ready to open yours, you can apply for your high-yield money market account here.)

Before we dive in with more specifics, this kind of account sometimes goes by other names, such as a money market deposit account (MMDA) and a money market savings account (MMSA). These are the exact same type of account—just with a slightly different name. One of the reasons we bring this up is because two other names for financial accounts—money market funds and money market mutual funds—are not the same as what we’ll be discussing here. 

Benefits of Money Market Accounts

Here are the top benefits of money market accounts:

  • Security: Despite the word “market” in the account’s name, this is not like investing in the stock market where you risk losing money if the value of your shares of stock plunges—and where you can earn high yields when the value of stock shares skyrockets. A money market account is a safe, predictable yield account that banks and credit unions offer, and it’s federally insured. 
  • High interest rates: This kind of account earns variable rates of interest, and at many financial institutions the interest rate on the account will go up as the balance does. This is the case at Space Coast Credit Union (SCCU) where we offer different tiers of interest, all competitive, depending upon the account balance. 
  • Flexibility: A money market account is also a versatile type of savings product because it combines the features of a savings account with the convenience of a checking account so you can make purchases, pay expenses, and so forth with the funds. To withdraw money, you’ll typically have the options of checks or a debit card. At SCCU, you’ll receive a free Visa® debit card.

Depositing Into Money Market Accounts

Money market accounts typically require a bigger opening deposit than a savings or checking account. Then, to keep increasing the interest rate, you can keep depositing money in increments that work for you. Keep in mind this is a variable rate account, but the best money market rates are always available when the balance is higher. 

The minimum daily balance to keep the account open will also be more than on a savings or checking account. Money market accounts often come with restrictions, as well, in the number of times you can make withdrawals each month (but not at SCCU!). 

One of the top benefits of this type of account: you can deposit extra cash into the account whenever you want. And, unlike a CD, you don’t have to wait for a maturity period to reap the rewards of your investment, because you will continue to earn higher rates of interest as your average daily balance grows. 

Some of the financial wellness resources we provide to members are budgeting-related. Budgeting well can help you streamline expenses and save more money, which you can use to earn even more through your money market account. Resources include:

 As you become even better at budgeting, you’ll be able to pay down debt or find wiggle room to save more money each month. And the more cash you have on hand, the more you can add to your high-yield money market account. If you’re wondering how much you should be saving to reach a goal, or for a rainy day, you can use one of our calculators to see the benefits of saving more

Why Money Market Accounts Exist

Savings and checking accounts have a long history, and they are account types that most people are familiar with. Money market accounts, though—and the benefits they provide to consumers—are relatively new. Here’s a quick look back at how they developed. 

In the 1970s, many people in the United States struggled financially as inflation made it more difficult for them to keep up with their monthly expenses. Earnings had stagnated and most households weren’t able to keep up with the rising prices. To make the problem more challenging, banks weren’t allowed to raise their deposit interest rates—despite the fact that they weren’t keeping up with the market conditions. To entice customers to keep their money in a bank or credit union, financial institutions gave out toasters, waffle irons, and other small appliances as incentives to open and keep accounts. 

Understandably, consumers who weren’t satisfied with a toaster looked for other ways to invest their money, ones that might come with risk and didn’t guarantee that their principal would be protected, but came with higher interest rates and, thus, the possibility of greater earnings.

Regulators slowly allowed financial institutions to pay higher interest rates on their savings accounts. But, in many instances, this meant that the financial institutions were paying out higher rates in interest than they were making on loans. So, although this worked out better for consumers, financial institutions in the United States were under significant pressure as they attempted to maintain stability and weather market fluctuations of this kind. 

To address these problems, President Ronald Reagan signed the Garn-St. Germain Depository Institutions Act of 1982. As one of the features of this Act, financial institutions could now offer money market accounts. Once available, they became quite popular because of the higher interest rates and how they combined useful features from savings and checking accounts.  

Money Market Account Versus Checking Accounts

It can be helpful to compare money market accounts with other types of accounts to see how they’re alike and how they’re different. Then you can make the right decision for your specific needs.

With a checking account, you typically don’t need to make a significant opening deposit. This account allows you to deposit checks and cash, and direct deposit your paycheck. Then, you can use your debit card when shopping, write checks for your monthly bills, or set up automatic bill payments online. So, a checking account often serves as your “home base” for day-to-day financial transactions. 

You won’t often find restrictions on the number of withdrawals you can make with a typical checking account. You can spend up to the amount that’s available but maintain a minimum balance to keep the account open. Checking accounts may or may not earn any interest. When they do, it’s often at a much lower interest rate than a money market account.

A money market account, meanwhile, pays higher interest rates. You can use this type of account similarly to a savings account where you save for a rainy day or a specific goal: for a new car, a down payment on a house, and so forth. You can access your funds as long as you:

  • Keep the minimum required average daily balance (which will be higher than with a checking account) 
  • Stay within the number of transactions that your financial institution allows each month

If you can make deposits and maintain the minimum balance requirement without needing to write checks against the amount, a money market makes allows you to earn more interest and serves as a high-yield savings vehicle. 

Money Market Account Versus Savings Accounts

You can usually open a savings account with a relatively small balance, save money, and earn interest on the balance. You can use a savings account to set aside emergency funds or for other specific purposes. In most cases, you can take out money as needed with no limits on the number of withdrawals; plus, the amount you need to keep the account open is usually small. 

Money market accounts take the best of savings accounts—the ability to save your money and earn interest—with a higher interest rate, which helps your money to grow more quickly. That said, the money market account will need a bigger opening deposit and have a bigger balance requirement than a savings account. 

Keep in mind that some financial institutions have a limit on the number of monthly withdrawals. Before April 2020, financial institutions needed to limit withdrawals/transfers to six each month (or statement cycle). The Federal Reserve Board got rid of that rule, though, to give consumers easier access to the money they have in their money market accounts during the pandemic. So now, until further notice, it’s up to the bank or credit union if they have a transaction limit.

Money Market Account Versus Certificates of Deposit

 This is a good comparison to delve into. That’s because people who want to earn more than they can in a savings account may want to weigh the pros and cons of money markets versus certificates of deposit (CDs).

When opening a CD, you’ll need to meet the minimum deposit requirement like you would with a money market account. In return, with a CD, you’d earn a fixed interest rate for an agreed-upon time period. At the end of this term, the CD reaches maturation where the account owner can withdraw funds, “roll it over” into the same CD term or at the current rate, or put the money into another account, including into a CD with a different time frame.

CDs typically pay higher interest rates than checking, savings, or money market accounts. Because the interest rates are fixed, you know how much your CD will be worth at the end of its term; with variable rate products, it would be an estimate. Plus, you’ll find a wide range of CD terms available at financial institutions—could be anywhere from a month to 10 years.  

The catch with a CD? You can’t withdraw the funds during the designated timeframe without facing an early withdrawal fee. So its limited liquidity means it’s a “hands-off” way to save whereas money markets accounts offer a little more flexibility in regards to withdrawing funds. 

Although a money market account won’t typically have interest rates as high as a CD, you can withdraw funds without having to wait for a maturity date. So, each type of account comes with pros and cons, and it’s best to weigh them before choosing which type of account might be right for you.

One strategy that works well for some people: each time their CD matures, they take funds from their money market to deposit into their CD. That way, they increase the amount that will receive the higher interest rates associated with CDs.

SCCU Money Market Interest Rates and Terms

Our focus is to provide flexible products that allow you to build and maintain financial wellness. With our high-yield money market accounts, you can earn more as you move up the tier of interest rates. The current minimum opening deposit is $2,500 and that’s also the minimum required average daily balance. As long as you keep that amount in your money market, there’s no monthly service fee. If you go below the minimum, there’s a $15 fee for applicable months.

Now that we’ve explained the nuts and bolts, here are our current money market interest rates. Take note of the tiers. Your interest rate goes up when you reach the following balances: $10,000, $25,000, $50,000, $100,000 and $250,000. So, when you put in the maximum, you’ll earn the best money market rates for the time frame chosen. 

When you need funds, you can easily access them with a transfer in Online or Mobile Banking, or by using the free Visa® debit card that you receive with your SCCU Money Market account. Additional benefits of having a high-yield money market account at SCCU include:

  • Free mobile deposits29
  • Free online & mobile banking60
  • Account alerts to monitor activity
  • Auto transfers, easily scheduled
  • Free CALL-24 telephone banking
  • Free eStatements

Naturally enough, you’ll be looking for the best money market rates, and those offered at credit unions are often among the most favorable.

Money Market Savings Account Interest Rates

Effective Date: June 01, 2024
Apply Now
Balance Interest Rate APY^
$0 - $2,499.99 0.00% 0.00%
$2,500 - $9,999.99 1.00% 1.00%
$10,000 - $24,999.99 1.05% 1.06%
$25,000 - $49,999.99 1.10% 1.11%
$50,000 - $99,999.99 1.15% 1.16%
$100,000 - $249,999.99 1.20% 1.21%
$250,000 and over 1.25% 1.26%

Minimum average daily balance required for some accounts. Rates are accurate as of the effective date displayed, and they are subject to change. The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Fees may reduce earnings on the account.

Banks Versus Credit Unions

Here’s a comparison between banks and credit unions, and the benefits of each. The two biggest differences between the two: their profit status and their insurance providers. 

Profit Status

Banks can either be privately owned or publicly traded institutions. In either case, they are for-profit organizations with one of their focuses being earning profits for the owner or shareholders. This means that they may pay lower interest rates on savings products, including money market accounts, while charging higher fees. On the other end of the saving-borrowing equation, banks may charge higher interest rates on loans with higher fees.

Credit unions, meanwhile, have a different structure. Being not-for-profit, they’re owned by their customers, who are known as “members.” So credit unions are a type of cooperative with everyone focused on a common goal. What’s good for one member is designed to be good for another. The board of directors is elected, and each board member must also be a member of the credit union. So, what’s in your best interest is also what’s best for the decision-making board and vice versa.

Credit unions offer memberships to people with a common bond—often geographically or because of the industry they work in. So, to share more about us, SCCU serves members who live in a certain geography—34 counties throughout central Florida and along Florida’s east coast. We currently serve more than 590,000 members with 64 branch locations. We’re the third-largest credit union in Florida with more than $8.5 billion in assets.

How They’re Insured

The second key difference in a credit union versus a bank is how they’re insured—in ways that are similar but not the same. Since 1933, the Federal Deposit Insurance Corporation (FDIC) has provided coverage up to $250,000 per depositor, per insured bank, for each account category. If a bank would run out of money or otherwise fail, account holders would receive money from their accounts by the FDIC.

Credit union accounts are insured through the National Credit Union Administration (NCUA): up to $250,000 per share owner (member), per insured credit union, for each account category. So, although the agencies that insure depositor accounts are different for banks and credit unions, the coverage is the same. 

Other Differences

Banks may have more physical locations than credit unions. This was more of a differentiator before online/mobile financial transactions were available. Plus, SCCU has more than 60 branch locations that offer convenient in-person transactions. 

Credit unions tend to be smaller than banks. This can create a more personalized experience at credit unions, one with excellent customer service. At SCCU, we’re here when you need us, looking out for your best interests. We know that your time is valuable, so we don’t waste it. Instead, we provide you with factual information you need to decide whether you would benefit from products like our high-yield money market account. We aren’t here to upsell you into something you don’t want; instead, we’re offering trusted products at competitive rates—and providing resources for members to achieve financial wellness.

SCCU: Here Before Money Market Accounts

By the time that money market accounts were available to members in 1982, SCCU had already been providing friendly, transparent financial services for more than thirty years. Chartered on June 7, 1951, our initial name was Patrick Air Force Base Credit Union. At that point, we had seven civil service employees to serve twenty-eight members with a total of $372 in assets.

Our footprint and services offered then expanded as our members’ needs grew and evolved—although our commitment to our members continued as strongly as ever. By the 1960s, we merged with several credit unions, gaining strength in numbers. In the 1980s, two key changes took place: 

  • Financial institutions could offer money market accounts.
  • We changed our name to the Space Coast Credit Union to reflect our expanded membership and geographies.

Since that time, we’ve continued to expand. As we keep growing, we continue to look after our members’ financial interests, protecting them in all of our interactions.

We’re committed to making a difference in our members’ lives and to help improve the communities where we live, work, and play. So, we partner with local and national philanthropic organizations throughout the year, honored to be part of the central and south Florida community. We appreciate the chance to support non-profit agencies like the American Red Cross and United Way, hold food drives, recognize outstanding students and educators, and more. 

SCCU gives back in many ways, including volunteering, charitable contributions, disaster relief, support of local events, and sponsoring events that benefit the communities we serve.

When you’re looking for a credit union in Florida, here are even more reasons why it makes sense to choose SCCU

Contact SCCU

 You can quickly and conveniently open your money market account online. If you’re not already a member, no worries. As long as you live or work in any of these counties in Florida, it’s easy to establish your membership with a minimum deposit of $5 in a Share Savings account. Then, once you’re an SCCU member, you can enjoy all of the benefits of credit union membership, including our low-rate loans and high-yield savings accounts. If you have any questions, feel free to get in touch with us here

Open a Money Market account at SCCU today!

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December 31, 2021 By Space Coast Credit Union
There are many types of fraud out there, but there are also measures you can take to protect yourself against them.
No Closing Costs Mortgages vs. Other Home Loan Options
December 29, 2021 By Space Coast Credit Union
If you’ve been thinking about applying for a home loan or refinancing, but you’re unsure you can afford closing costs and a down payment, a no closing costs mortgage may be right for you.
Visa® Platinum Benefits: A Guide to Receiving Credit Card Rewards
December 21, 2021 By Space Coast Credit Union
Today, strategically selecting whether or not to use a credit card and which one to use can be part of savvy financial management. We're taking a look at why the Visa® Platinum credit card at SCCU may be the one for you.
10 Creative Ways to Save Money
December 10, 2021 By Space Coast Credit Union
Saving money can be challenging. But after the holiday season, it’s often a top New Year’s resolution. From joining special savings accounts to making some daily item switches, we’ve rounded up 10 ways that could save you thousands of dollars a year! 
We ReMember—70 Years of Member Service
December 7, 2021 By Space Coast Credit Union
This past year, we commemorated our 70th anniversary with a focus on kindness, giving away over $30,000 to our members and communities throughout our service area along Florida's east coast.
Is it Hard to Get a Construction Loan? Your Questions Answered
December 1, 2021 By Space Coast Credit Union
You may have lots of questions when it comes to getting a construction loan, and we’d like to help lessen your stress. With some knowledge under your belt, you’ll be well on your way to breaking ground.
Is it a Good Idea to Refinance Your Car Loan?
November 18, 2021 By Space Coast Credit Union
In many cases, people save more money in the long run after refinancing and end up with a better monthly auto loan payment. However, many other factors play a part in determining if it’s a good idea to refinance your car loan.
Holiday Shopping with Credit Cards Do’s and Don’ts
November 12, 2021 By Space Coast Credit Union
Here are our top do’s and don’ts to keep in mind while holiday shopping with credit cards. 
30-year Fixed-rate vs. 15-year Fixed-rate (+ How to Decide Between the Two)
November 4, 2021 By Space Coast Credit Union
Today in the ring: 30-year fixed-rate mortgage vs. 15-year fixed-rate mortgage. In this article, we’re going to cover the pros and cons of each mortgage term to help you make a more informed decision. And along the way, we’ll provide some helpful tips to keep in mind.
Tips for Applying for a Used Car Loan
October 26, 2021 By Space Coast Credit Union
Once you’ve decided to purchase a used car, here are seven steps you can take to streamline the process and help you get the best deal.
How to Protect Your Digital Home
October 19, 2021 By Space Coast Credit Union
It’s a haunting notion to think about the chilling consequences of identity theft, yet with the holidays around the corner, it’s important to protect your digital home. With the spikes in online shopping and email activity this time of year, scammers make more attempts to capture financial information. But with a dash of caution and a sprinkle of reviewing settings, you can fortify your defenses against cybersecurity threats.
HELOC Loan vs. Cash-Out Refinancing: Everything You Need to Know
October 12, 2021 By Space Coast Credit Union
Whether you’re looking to transform your home renovation dreams into reality, plant seeds for investments, or cover unforeseen expenses, you have a variety of options when it comes to how you can tap into your wellspring of home equity. But which option is best for you? In this article, we’ll explore the pros and cons of HELOC loans vs cash-out refinancing.
The Florida Financing Guide to New and Used Boat Loans
October 5, 2021 By Space Coast Credit Union
If you dream of enjoying the Florida waterways in a sailboat, powerboat, motorboat, cabin cruiser, or other boat type of choice, here’s what you should know about financing and the boat loan process. Fortunately, the purchase process is easier than you might think. We’ll take you through the entire process to help you find the best boat loan for you. 
What are Secured Credit Cards?
September 28, 2021 By Space Coast Credit Union
Maybe you’ve run into the following paradox: How do I get a credit card with less-than-perfect credit (or no credit) if I need a credit card to build my credit? You’re in luck because secured credit cards break this cycle!
7 Savvy Skills Teens Gain from a Student Checking Account
September 21, 2021 By Carmen Tapanes
While teens can watch hundreds of videos on the Internet about finances, experience is often the best teacher when it comes to managing money. But it can feel overwhelming for them to know where to start learning the fiscal ropes. Opening a checking account gives them a learner’s permit to handling financial matters with the peace of mind of having an adult as the co-owner. 
How to Choose the Best Free Checking Account
September 14, 2021 By Space Coast Credit Union
When searching for the right checking account, most people would prefer one that’s “free” — and rightly so. But it can be hard to know what exactly “free” means today when we know that fees and terms are often the name of the game. The reality is that financial institutions will define "free" in different ways.
How to Refinance a Car (+ When to Do It)
September 2, 2021 By Space Coast Credit Union
Refinancing a car involves replacing the current loan on your vehicle with a new loan that typically has more agreeable terms. This can take place with your current lender or with a different one. To help you navigate this process, we’re sharing the pros and cons of refinancing a vehicle, the steps involved in refinancing, and when it makes sense to do so.
The Ultimate Guide to FHA Loans
August 27, 2021 By Space Coast Credit Union
Home loans are the key to turning a house you love into a home that belongs to you. As you’re exploring your options, you may stumble across FHA loans and wonder what they entail and if one’s right for you. FHA loans have many different benefits and are targeted at helping both new home buyers achieve the dream of home ownership and those looking to refinance. 
Hummingbird Pantry Wins $5,000 in “Small Business. Big Love. Contest"
August 20, 2021 By SCCU's Business Services
Space Coast Credit Union (SCCU) is pleased to announce the winner of its “Small Business. Big Love. Contest" and the grand prize of $5,000. Hummingbird Pantry, a non-profit organization and SCCU member since 2017, won the contest with more than 11% of the votes cast.
Is it Better to Buy a New or Used Car?
August 20, 2021 By Jodie Kinley-Smith & Duane Daski
We’re in a strange economic time right now with many dealers having an extreme shortage of inventory due to a chip shortage. Chips, or semiconductors, play an essential role in managing vehicles’ safety devices, engine functions, and more. Because of the pandemic, U.S. automakers had to close factories to slow the spread of the virus and cancelled chip orders, expecting fewer people to buy. 
How Mortgage Refinancing Works (+The Best Time to Do It)
August 12, 2021 By Space Coast Credit Union
Refinancing your mortgage can help you save money with a lower interest rate and get you to the home ownership finish line faster than your current one. Or, it could be a good way for you to cash out on some of your home’s equity for other projects. To determine if it’s the right path for your goals, it’s best to understand how mortgage refinancing works more in depth.
What are Common Car Loan Terms?
August 5, 2021 By Space Coast Credit Union
Do you feel like your brain’s dissolving into Jell-O as you’re exploring car loan repayment periods? It can feel overwhelming as you’re weighing the pros and cons between short-term and long-term loans. Common car loan terms usually range between 24 and 84 months—but which one is right for you?
5 Top Tips to Getting the Best HELOC Rates
July 29, 2021 By Space Coast Credit Union
Whether you’re getting your feet wet or diving in the world of loans, a HELOC is often a prime choice for borrowers. And the crown molding on top? You can often get a lower interest rate with a HELOC than with other types of loans and credit cards! See our 5 top tips to getting the best HELOC rates...
Choosing the Best Credit Card to Fit Your Needs (+ Where to Get It)
July 23, 2021 By Space Coast Credit Union
Credit cards can be an excellent tool for building credit when you’re financing purchases both big and small. Most credit cards today deliver some form of benefit with membership—accumulating points, cash back, airline miles, or other deals, consumers have a wealth of choices.
How to Prevent Identity Theft While Traveling
July 15, 2021 By Space Coast Credit Union
Traveling involves a lot of planning to have a memorable time with loved ones. The last thing you want is a fraudster ruining your vacation. These tips will help you prevent identity theft before, during, and after your vacation.
How Does a Home Equity Line of Credit Work? A Guide to HELOC Loans
July 9, 2021 By Space Coast Credit Union
Most people have heard of a Home Equity Line of Credit (HELOC), but you may not be as familiar with how they work. In today’s deep dive, we’re going to explore all the ins and outs of this fantastic loan vehicle for homeowners to get the cash they need to do repairs, renovations, and more—all based on the equity they already have in their home.
FHA Loans: What to Know Before You Apply
July 7, 2021 By Space Coast Credit Union
It’s not always easy to save up for the large down payments that some types of mortgages require. The good news? There are other loan options that can help you reach your homeownership goals.
How to Make Your Loan Payment
April 1, 2021 By Space Coast Credit Union
SCCU’s loan payment process is designed to be as quick and convenient as possible, saving you two of the things you care about most – time and money.
Five Tips to Building Your Dream Home
April 1, 2021 By Space Coast Credit Union
Here are 5 tips to building your dream home, from creating a prioritized list of wants and needs to choosing the best lender for your home construction loan.
Financial Peace: Pay Your Dues & Your Debts + Restore Hope in 5 Simple Steps
February 3, 2021 By Space Coast Credit Union
Discover how to obtain financial peace in 5 simple steps. Learn how to pay off your debts the right way and educate yourself on how to live financially free.
The Definitive Guide to Achieving Financial Freedom
January 29, 2021 By Space Coast Credit Union
This guide offers steps that you can put into practice immediately as you work towards financial freedom.
6 Things to Consider when Starting a New Business
August 26, 2020 By SCCU's Business Services
At SCCU, our Business Advisors meet with small business owners daily, as a free service offered to our business members. We’ve found that these six steps help business owners think through some of the important considerations when starting a new business- allay their fear of the unknown and growing their confidence.
7 Steps to Hire Employees while Reducing Risk
August 26, 2020 By SCCU's Business Services
These practices will not only reduce your risks and stress but save you time and money in the future. Here are seven steps to hiring, while reducing your business’s risk.
Branch Out with SCCU's Digital Banking
August 3, 2020 By Greg DeRoy
SCCU has several convenient services that can help you save time and keep you up-to-date on your accounts while on the go and from the comfort of home.
5 Tips for Buying a House During the Pandemic
June 30, 2020 By Space Coast Credit Union
Although you should move forward carefully in the homebuying journey, you do not have to put your dream home on hold.
SCCU’s Five-Minute Guide to Buying a Boat
March 12, 2020 By Gary Prager
Summer is here and there’s no better time to enjoy Florida’s great outdoors.
A Message from the President
January 29, 2020 By Timothy M. Antonition
As we enter a new year, I want to say thank you to our loyal membership and wish you all a prosperous year ahead.
Learn More About Our New Online Banking
August 14, 2019 By Space Coast Credit Union
Space Coast Credit Union is proud to announce an updated online and mobile banking experience with additional features is now available! Our new website, online banking, and mobile app feature a modernized layout, improved navigation, and upgraded design to improve your SCCU banking experience.
A Message From the President
January 3, 2019 By Timothy M. Antonition
As we start another year, I wanted to share with you my insights on what we accomplished as a team in 2018.
Protect Yourself from Identity Theft This Holiday Season
December 17, 2018 By Space Coast Credit Union
Here’s what you need to know to stay safe from identity theft this holiday season. 
Protect Yourself From the Grandparents Scam
September 7, 2018 By Space Coast Credit Union
While elder abuse often is targeted in the form of financial mistreatment, there are many other forms to be aware of.
How to Protect Your Smartphone
August 2, 2018 By Space Coast Credit Union
In this day and age, our smartphones play an integral part in our daily lives.
Beware of Overpayment Scams
May 2, 2018 By Space Coast Credit Union
Overpayment scams pose a threat to online shoppers and those who frequently do business online.
How to Manage and Protect Your Passwords
May 2, 2018 By Space Coast Credit Union
Consumers are more aware than ever about the risk of data breaches, but weak passwords are still prevalent. World Password Day, celebrated the first Thursday in May, was established to promote good password habits.
Roaming Mantis Malware Making Attacks on Android Devices
May 2, 2018 By Nicole Williams
Never install applications outside of the Google Play store.
The 5 Most Common Phishing Attacks
May 2, 2018 By Space Coast Credit Union
Phishing attacks rank among the most complex out there. 
How to Prevent Wire Fraud
April 5, 2018 By Space Coast Credit Union
Wire frauds are similar to mail frauds except that they occur strictly through communications transmitted by wire.
Mobile Deposit Fraud Issues
April 5, 2018 By Kim Lynn
SCCU’s  Loss Prevention department works hard to reduce membership losses and protect  members from fraud.
Stay Alert for Imposters
April 5, 2018 By Space Coast Credit Union
Usernames and passwords are among the most sought after pieces of information impersonators look for.
Mortgage Rates are Rising, is it Better to Buy or Wait?
April 5, 2018 By Gary Prager
If you’ve been on the fence, now might be the time to act.
SCCU’s Five-Minute Guide to Buying an RV
May 11, 2017 By Space Coast Credit Union
There’s a lot to know before you set foot on a lot. The more you research now, the better things will go.
4 Perfect Times to Consider a Personal Loan
February 16, 2017 By Space Coast Credit Union
Virtually everything costs money, and it’s often more than you’d expect it to be.
Leasing Vs. Buying a Car
February 8, 2017 By Space Coast Credit Union
The decision to lease or buy a car is a personal one. Don't let the dealer make it for you.
Common Mistakes During Open Enrollment
November 3, 2016 By Space Coast Credit Union
Be sure to watch out for these three common pitfalls when enrolling in workplace benefits.
7 Things to Do Before Your Next Road Trip
July 1, 2016 By Tim Alexander
One of life's greatest pleasures can be a summer road trip to your favorite vacation destination.
How Interest Rates Affect Your Mortgage
May 13, 2016 By Space Coast Credit Union
The interest rate on your mortgage can affect your monthly payment by thousands of dollars each month.
How to Protect Your Online Banking Account
April 30, 2015 By Nicole Williams
Life in today's connected world inevitably comes with plenty of passwords to remember.
The SCCU HomeAdvantage
March 1, 2015 By Gary Prager
Space Coast Credit Union aims to be the one-stop-shop for members purchasing a home.
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