My botty best at summarizing from Wikipedia: Space Coast Credit Union is a state-chartered credit union headquartered in Melbourne, Florida . it is insured and regulated by the National Credit Union Administration (NCUA) as of 2015, SCCU had over 300,000 members bad loans and investments during the 2007–2008 financial crisis put Eastern Financial into distress . NCUA took control of Eastern Financial and turned operations over to SCCU . SCCU spun off its Tampa Bay area operations to MidFlorida Credit