Space Coast Credit Union (67297), a $8.9B credit union headquartered in Melbourne, FL, led by CEO Hoyle, reported $7.3B in member deposits at the end of 2025 Q3, an increase of $56.8M (+0.8%) compared to the same quarter last year.
The credit union's 100.3% loan-to-share ratio indicates strong loan demand relative to deposits, which may require attention to deposit pricing and liquidity management.
Taken together: deposit gathering becomes strategic priority for growth.
Deposit Composition
Space Coast Credit Union's deposit portfolio is led by Share Certificates, comprising 33.2% of total deposits—time deposits (cds) with fixed terms and rates. Strong certificate balances indicate member preference for term deposits and predictable funding costs.
Deposit Portfolio Breakdown
| Deposit Type | Balance | % of Total | YoY Growth |
|---|---|---|---|
| Share Certificates | $2.4B | 33.2% | +3.7% |
| Regular Shares | $2.1B | 28.6% | -1.8% |
| Share Drafts | $1.7B | 23.5% | +3.4% |
| Money Market | $632.4M | 8.6% | +1.9% |
| IRA/KEOGH | $260.1M | 3.6% | -2.8% |
| Non-Member Deposits | $172.9M | 2.4% | -23.6% |
| Other Shares | $9.9M | 0.1% | -3.7% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Deposit Trends
Moderate deposit growth suggests stable member relationships balanced with competitive pricing pressures.
Quarterly Trend
| Period | Total Deposits | QoQ Change | Avg/Member |
|---|---|---|---|
| 2024 Q2 | $7.3B | $11K | |
| 2024 Q3 | $7.3B | -0.9% | $11K |
| 2024 Q4 | $7.2B | -0.6% | $11K |
| 2025 Q1 | $7.3B | +0.6% | $11K |
| 2025 Q2 | $7.3B | +0.3% | $11K |
| 2025 Q3 | $7.3B | +0.4% | $11K |
Source: NCUA 5300 Call Reports
Member Deposit Metrics
Space Coast Credit Union serves 692,562 members, an increase of 3.8% year-over-year. The average member deposit of $11K has declined 2.9% compared to last year.
Member growth outpacing deposit growth may indicate acquisition of lower-balance members or competitive pressure on rates.
Historical Context: Since the 2008 Crisis
Space Coast Credit Union's deposit base has grown 472% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $1.3B in member deposits serving 155,647 members.
Membership has expanded 345% over this period, demonstrating strong community trust and successful member acquisition.
Peer Comparison
Among 88 credit unions in its $4.5B–$13.4B asset peer group, Space Coast Credit Union ranks in the 11th percentile for deposit growth. This suggests room for improvement in member deposit attraction and retention.
Outlook
Space Coast Credit Union's deposit trajectory will depend on rate competitiveness, member retention efforts, and the broader economic environment affecting member savings behavior.
Space Coast Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this deposit growth trajectory can be sustained.
Track This Credit Union
Monitor Space Coast Credit Union's quarterly deposit performance, member metrics, and share composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Average deposit calculated as total shares and deposits divided by total members.