DEPOSIT RATES: Minimum average daily balance required for some accounts. Rates 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. 

INTEREST CHECKING: Interest checking monthly balance requirement is $1,500. A low balance fee applies if the daily balance in the account drops below $1,500 any day during the month. Fees could reduce earnings on the account.

HEALTH SAVINGS ACCOUNT CHECKING: You must have coverage under a High Deductible Health Plan to open a Health Savings Checking Account. You must not be enrolled in Medicare, and you may not be claimed as a dependent on someone else’s tax return.  Your employer or a tax adviser can help you determine if you are eligible to open an HSA and provide you with the contribution limits that apply to your situation. HSA funds can pay for any qualified medical expense. Refer to IRS Pub 502 for additional information.

SAVINGS ACCOUNTS: Minimum average daily balance required for some accounts. Federal regulation requirements for SCCU to limit withdrawal to six (6) transactions, within a calendar month, on savings and money market accounts have been suspended until further notice. Fees could reduce earnings on the account.

MONEY MARKET SAVINGS: Minimum deposit required is $2,500. The minimum average daily balance to earn APY is $2,500. Savings Account dividends are declared at the end of each month based on the earnings for that month.  Fees could reduce earnings on the account. Federal regulation requirements for SCCU to limit withdrawal to six (6) transactions, within a calendar month, on savings and money market accounts have been suspended until further notice. Fees could reduce earnings on the account. Please click here for current rates.

CERTIFICATE OF DEPOSIT (CD) & IRA CD:  The minimum deposit required is $500 for all terms. You must maintain a minimum equal to your minimum opening balance in your CD/IRA CD Account each day to obtain the Annual Percentage Yield (APY). The APY is based on the assumption that interest will remain in the CD/ IRA CD Account until maturity. A penalty may be assessed for early withdrawal. Fees could reduce the earnings on the CD / IRA CD Account.
 

LOAN RATES: Rates shown are fixed Annual Percentage Rates and subject to change. Please click here for current rates.

AUTO AND RECREATIONAL VEHICLE LOANS:  Loans are subject to credit approval.  Your actual rate and terms are affected by your creditworthiness, term selected, vehicle type, model year, and loan to value (LTV). Certain restrictions apply.

AUTO TERMS: Terms available up to 84 months. Certain restrictions apply.

OUT OF POCKET COSTS: You may be asked to furnish a down payment. Florida loans subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR (annual percentage rate).

AUTO PAYMENT DEFERRAL: Optional. Qualified borrowers only, available for terms up to 84 months. First payment may be deferred up to 90 days; your deferment may be 90 days or less. When selecting the 90 days no payment option, your interest accrues from date of the contract, and will continue to accumulate on a daily basis. This will result in one or more of your initial payments being applied only to interest, until all accumulated interest is satisfied, and not reduce your principal balance. This will extend the length and payoff date of your loan term. Deferred payment is not available for refinances of existing SCCU auto loans.

SCOOTERS: For qualified borrowers. Engine size of 50cc’s or greater will be treated as a motorcycle loan. Anything less than 50cc’s will be considered a signature loan.

VISA^® PLATINUM INTRODUCTORY APR:  0% introductory APR (annual percentage rate) on purchases and non-SCCU balance transfers for the first 6 months. Thereafter, an APR as low as 16.49% determined by your creditworthiness at time of application will apply. Introductory rate applies to new Platinum SCCU cardholders only.

VISA^® ZERO LIABILITY: Covers U.S.-issued cards only. Does not apply to ATM transactions, certain commercial card transactions, PIN, or other transactions not processed by Visa. You must notify SCCU immediately of any unauthorized use. For specific restrictions, limitations, and other details, please consult SCCU.

HOME LOANS: Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification, and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancel without notice. Certain restrictions apply. 

These mortgage loan programs constitute first mortgage liens secured by the home and property. Your down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance.  Member responsible for any funds needed for closing costs and pre-paid escrow.

MORTGAGE DOWN PAYMENT: Certain restrictions apply. Down payment determined by Loan-To-Value ratio (ex: 90% LTV = 10% down payment), calculated from the property value and loan amount. Applies to single-family detached homes in good condition, townhomes, and condos meeting program conditions.

 

NO CLOSING COSTS HOME LOAN: Certain restrictions apply.  Available on select purchase and refinance home loans. Closing costs include additional fees related to inspection, appraisal and title insurance, among others. Real estate agent and brokerage commission and fees are not included in the no closing costs option. Must be primary residence. Rate adjustment will be applied to current rates. Rates subject to change. 

MORTGAGE INTEREST RATE GUARANTEE: If the comparable SCCU interest rate is lower than your original interest rate five (5) business days before the closing and the interest rate lock-in has not expired, SCCU will reduce the interest rate on your loan 5 business days prior to closing. This is limited to a reduction of 0.25 percent. A one-time fee of $75 will be assessed at time of closing if this Interest Rate Guarantee is exercised and your rate is reduced. Other conditions may apply.
 

HOME ADVANTAGE CASH REWARDS: Awarded through the HomeAdvantage® program, Cash Rewards are available to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Reward amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. Contact your lender for specific rules on how Cash Rewards are paid out. Void where prohibited by law or by the lender.
 

VA HOME LOAN: VA Home Loans are available to eligible service members, veterans and surviving spouses. SCCU does not participate in these specialty VA Home Loan programs: IRRRL, Construction, and Energy Savings.
 

INTANGIBLE TAX WAIVER: As a not-for-profit credit union, SCCU is not required to pay certain fees and taxes, such as the Florida Intangible Personal Property Tax. This allows us to return the savings to our members in the form of lower fees, better rates, and rewards. 

ADJUSTABLE-RATE MORTGAGE (ARM): ARM loans are variable-rate loans. After the initial fixed-rate period, your interest rate can increase or decrease annually according to the market index. Any change may significantly impact your monthly payment.

Payment example: 7/1 ARM with a term of 30 years for $200,000 with an Initial Interest Rate of 5.250% and an Annual Percentage Rate (APR) of 6.413%, your monthly payments for years 1-7 would be $1,104.41 (principal and interest only); and for years 8 - 30, monthly payments could be as high as $1,310-$2,056, based on the current Index Plus Margin. Monthly payments do not include taxes and insurance; the actual payment obligation will be greater. Your variable interest rate is subject to a floor of your Initial Interest Rate. Your variable interest rate can increase or decrease after the seventh year by 2 percentage points annually and can increase 6 percentage points over your Initial Interest Rate over the term of your loan. The Index for this loan program is the weekly average of the 1 Year Constant Treasury Maturities (1 Yr CMT).

Mortgage loans are originated by Space Coast Credit Union and are subject to credit approval, verification, and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancel without notice. Not available for condos or manufactured homes. Certain restrictions apply.

These mortgage loan programs constitute first mortgage liens secured by the home and property. Your down payment is determined by the Loan-to-Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member is responsible for any funds needed for closing costs and pre-paid escrow.

HOME EQUITY LOANS: Your interest rate will be based on the available equity in your home, the amount of your loan, your credit score and history, property type, and product chosen. Other programs, rates, and terms may be available. Approval subject to our usual credit criteria and clear title. Proof of homeowner’s insurance sufficient to cover all outstanding mortgages, including your SCCU home equity loan, required. Certain restrictions may apply.
 
For adjustable rate equity lines (HELOC: Home Equity Line Of Credit), the Annual Percentage Rate (APR) varies monthly and is based on the value of an index plus a margin. Index = highest Prime Rate currently published by the Wall Street Journal “Money Rates” table on the last business day of each month, with a margin based on individual credit score. Rates are subject to increase after consummation, and can change without notice
 

PERSONAL RATES: Rates shown are fixed Annual Percentage Rates and subject to change. Please click here for current rates.

SIGNATURE LOAN: Loans are subject to credit approval. Your actual rate and terms are affected by your creditworthiness. Maximum unsecured credit is $20,000. Maximum loan amount is two times your gross monthly income.

SHARE SECURED/CD SECURED LOAN: Rates based on 3% above the highest Share Rate in effect at time of loan. Rates subject to change without prior notice. Please click here for current rates.
 

PAYROLL AND MERCHANT SERVICES: All trademarks, service marks, and trade names referenced in this material are the property of their respective owners.
 

MOBILE BANKING: SCCU does not charge a fee for downloading our Mobile app. However, you should check with your wireless carrier, as message, data, and text messaging rates for your mobile device may apply from your carrier. SCCU Mobile users also need a mobile device with the ability to send and receive text messages in order to use SCCU Mobile Texts & Alerts, or a data service plan to use SCCU’s Mobile Web and Mobile App. Users should be aware that downloading applications of unknown or suspect origin could compromise their mobile device login credentials. Malware is a considerable threat to mobile devices, with limited antivirus options. Malware infection can also occur when a user attempts to “jailbreak” unlock, or hack their mobile device.
 

MOBILE DEPOSIT: All SCCU personal and business checking or savings product types that meet SCCU’s eligibility requirements may use SCCU Mobile Deposit.

MOBILE BILL PAYER: All SCCU personal and business checking or savings product types that meet SCCU’s Bill Payer eligibility requirements may use SCCU Mobile Bill Payer. Some exceptions may apply.
 

OVERDRAFT PRIVILEGE: Health Savings Checking, Money Market Checking, Trusts, and Custodial Fiduciary accounts are not eligible for ODP coverage. All other SCCU checking accounts are eligible for ODP coverage. Limits are based on your account relationship with SCCU. When a transaction is presented that exceeds the ODP limit, it is returned unpaid and the account is charged our non-sufficient/uncollected funds fee. Refer to our current Fee Schedule. Members have 30 days to bring the account current.
 

TRADEMARK:
iPhone®, iPod®, and iPad® are registered trademarks of Apple Inc.

GOOGLE and Google Play is a trademark of Google Inc. Android™ is a registered trademark of Google, Inc.

FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries.
 

Visa^® Platinum Cash Back Rewards: Earn Cash Back rewards on all qualifying purchases. See Terms.

BUSINESS LOAN RATES: Loan rate will be based on the amount and term of the loan and business and guarantor credit worthiness. 

OWNER-OCCUPIED PROPERTIES: Maximum loan-to-value (LTV) is 80% of purchase cost or appraised value, whichever is less. 50% or more of the square footage must be occupied by the borrower.

INVESTOR OWNED PROPERTIES: Maximum loan-to-value (LTV) is 75% of purchase cost or appraised value, whichever is less. Available to borrowers where properties are leased to third parties.

COMMERCIAL VEHICLE LOANS: Vehicles financed with a commercial vehicle loan must be titled in the name of the business and be for business purposes.

ACCELERATED CHECK CLEARINGS: Credit to your account is dependent upon when deposit is made. Deposits may not be available for immediate withdrawal. Contact your Business Advisor for details.

STUDENT AND SAVINGS SECURED CREDIT CARD:  Rates for purchases and cash advances are as low as 18.00% APR (annual percentage rate).

FEE COMPARISON: Fees displayed are accurate as of 12/31/2023. National average as reported by Datatrac.

DIRECT DEPOSITS: Early payment is contingent upon receiving the funds on time. Payment may be delayed.

VISA^® SIGNATURE REWARDS: Earn points on qualifying purchases. See Terms.

VISA^® LOW RATE INTRODUCTORY APR:  0% introductory APR (annual percentage rate) on purchases and non-SCCU balance transfers for the first 6 months. Thereafter, an APR as low as 14.49% determined by your creditworthiness at time of application will apply. Introductory rate applies to new Low Rate SCCU cardholders only.

 

VISA^® SIGNATURE INTRODUCTORY APR:  0% introductory APR (annual percentage rate) on purchases and non-SCCU balance transfers for the first 6 months. Thereafter, an APR as low as 17.49% determined by your creditworthiness at time of application will apply. Introductory rate applies to new Signature SCCU cardholders only.

VISA^® ID NAVIGATOR POWERED BY NORTONLIFELOCK: No one can prevent all identity theft. Two requirements must be met to receive the One-Bureau Credit Monitoring feature: (i) your identity must be successfully verified with Equifax; and (ii) Equifax must be able to locate your credit file that contains sufficient credit history information. If these requirements are not met you will not receive credit features from Equifax. You will receive Credit Features once the verification process is successfully completed. Any credit monitoring from Equifax will take several days to begin after your successful plan enrollment. Phone alerts made during normal local business hours. Please refer to your Guide to Benefits for further details.

VISA^® SIGNATURE TRAVEL AND EMERGENCY ASSISTANCE SERVICES:  Certain terms, conditions and exclusions apply. Please refer to your Guide to Benefits for further details.

MOTORCYCLE AND SCOOTER LOAN PAYMENT DEFERRAL: Optional. Qualified borrowers only, available for terms up to 72 months. First payment may be deferred up to 90 days; your deferment may be 90 days or less. When selecting the 90 days no payment option, your interest accrues from date of the contract, and will continue to accumulate on a daily basis. This will result in one or more of your initial payments being applied only to interest, until all accumulated interest is satisfied, and not reduce your principal balance. This will extend the length and payoff date of your loan term. Deferred payment is not available for refinances of existing SCCU motorcycle and scooter loans.

BOAT AND RV TERMS: Terms available up to 240 months. Certain restrictions apply.

MOTORCYCLE AND SCOOTER TERMS: Terms available up to 72 months. Certain restrictions apply

HERO AUTO LOAN: Reference Promo Code HERO48. Offer available on new and refinance auto loans only. Not available on 36, 78, or 84 month terms. Offer subject to change and may be withdrawn at any time. Visit SCCU.com/HeroLoans for eligibility details.  

MORTGAGE HERO LOAN: Borrower may choose: 1) No Closing Costs option as defined below, OR 2) to take a 0.25 rate reduction on current published rates. Offer valid on 10/15/20/30-Year Conventional Fixed, 5/1 and 7/1 Adjustable-Rate Mortgages, and 30-Year Jumbo loans; excludes FHA and VA loans. Must be primary residence. Mortgage loans originated by SCCU and constitute first mortgage liens secured by the home and property. Down payment is determined by the Loan to Value ratio (example: 90% LTV = 10% down payment). Loans exceeding 80% of the appraised value may require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. Offer subject to change and may be withdrawn at any time.

HERO NO CLOSING COSTS MORTGAGE:  In addition to conditions stated in the Mortgage Hero Loan disclosures (#54), the following apply: Standard No Closing Costs rate adjustment will be waived. SCCU will pay third-party vendor charges, and waive lender origination fees. Optional discount points available. Must be primary residence. At closing, borrower must supply funds for prepaid reserves (such as property taxes, homeowners insurance, and prepaid interest), and down payment if required.

100% FINANCING: Certain restrictions apply. Available on select single-family purchase home loans; not available on refinance. Must be primary residence. 100% financing of verified property value at time of financing. Subject to program creditworthiness criteria, credit approval, verification, and collateral evaluation. At loan closing, borrower responsible for funds to cover prepaid reserves and closing costs such as inspections, appraisals, title insurance, etc. Gift funds not permitted. Private mortgage insurance required.

Visa^® Platinum Business Introductory APR: 0% introductory APR (annual percentage rate) on purchases and non-SCCU balance transfers for the first 6 months. Thereafter, an APR between WSP Prime Rate + 7.99% and + 13.99% determined by your creditworthiness at time of application will apply. Introductory rate applies to new Business Platinum SCCU cardholders only.

HERO NO PRIVATE HOME INSURANCE MORTGAGE: In addition to conditions stated in the General Hero Loan and Mortgage Hero Loan disclosures the following apply: Available to active duty, veterans, and their spouses. Rate adjustment will be applied to current rates. Rates subject to change.

FREE MOBILE BANKING: Data carrier rates may apply.

Visa^® Platinum Business Rewards: Earn points on qualifying purchases. See Terms.

LOT LOANS: Rates may be based on creditworthiness. Lot loans are originated by Space Coast Credit Union and are subject to credit approval, verification, and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. No gift funds allowed. Taxes not included, your actual payment obligation will be higher. Lot must be zoned for residential; less than 5 acres; must have access to public roads and utilities. Due to construction restrictions, lot loans are not available on zoned agricultural, commercial, rural, wetlands, and other zones that prevent the ability of building a single-family home on the land. The presence of endangered or potentially endangered plants and animals may restrict development on the land and may result in loan not being approved. Certain restrictions apply.
  
These loan programs constitute first mortgage liens secured by the property. Your down payment is determined by the Loan-to-Value ratio. (80% LTV = 20% down payment).  Member responsible for any funds needed for closing costs and pre-paid escrow. Construction loan must be built on lot that is financed and must begin before the 3-year balloon period has ended. 

$1,000 CONSTRUCTION LOAN CREDIT: Construction loan must be built on lot that is financed and must begin before the 3 year interest only period has ended.

CASH-OUT REFINANCES: Certain restrictions apply. Loan-To-Value ratio restriction of 80% cash-out calculated from the property value and loan amount. Applies to single-family detached homes in good condition, townhomes, and condos meeting program conditions.

3-year Fixed Interest-Only Mortgage: During the 3-year loan period, interest payments on the principal amount are due. At the end of the 3-year interest-only period, a balloon payment (a lump sum payment that covers the remaining principal balance) must be paid if the loan is not already paid off or hasn't been rolled over into a construction-to-permanent home mortgage. This structure allows for lower initial monthly payments while preparing to start your build.

VA Home Loans: Certain restrictions apply. 100% financing of verified property value at time of financing. Subject to program creditworthiness criteria, credit approval, verification, and collateral evaluation. At loan closing, borrower responsible for funds to cover prepaid reserves and closing costs such as inspections, appraisals, title insurance, etc. Gift funds not permitted. Down payment determined by Loan-To-Value ratio (ex: 90% LTV = 10% down payment), calculated from the property value and loan amount. Applies to single-family detached homes in good condition, townhomes, and condos meeting program conditions. Available on select single-family purchase home loans. Must be primary residence.