Space Coast Credit Union heads to Orlando as strong growth continues
The Melbourne-based institution will open two de novo branches in the theme park capital of the world, where 3% of its membership already resides.
One of Florida’s largest credit unions is expanding inland.
The $9 billion-asset Space Coast Credit Union recently unveiled plans to open its first two branches in the Orlando market.
The move would be the furthest push west for the Melbourne-based credit union, which has 66 branches – primarily along Florida’s east coast.
Specifically, the full-service branches will be located in the Waterford Lakes and Avalon Park neighborhoods, according to a report in Florida Today.
The Waterford Lakes branch is scheduled to open in fall 2025 with the Avalon Park location slated to open its doors later in the year.
The expansion will support Space Coast’s base of more than 19,000 members already living in Orlando, according to the report.
“This expansion reflects our ongoing commitment to meeting our members where they are — both digitally and in the communities they call home,” said Gary Prager, chief strategy and growth officer.
The credit union said it expects to open more branches in the Orlando market – and across central Florida more broadly – in coming quarters.
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Space Coast Credit Union is the third largest Florida-based credit union by assets behind only the $18.8 billion-asset Suncoast Credit Union in Tampa and the $14 billion-asset Vystar Credit Union in Jacksonville.
Space Coast has 683,000 members and earned roughly $13.4 million in the first quarter of 2025, a 19% increase compared to a year earlier, according to call report data from the National Credit Union Administration.
The credit union has seen its membership grow by more than 48% in the past five years.
Credit unions with assets of at least $1 billion but less than $10 billion – including Space Coast – held 53% of total system assets as of March 31. Credit unions in that asset category reported loan growth of 5.6% over the year.
Membership rose 4.5% and net worth increased 9% for those credit unions.
“This expansion reflects our ongoing commitment to meeting our members where they are — both digitally and in the communities they call home.”
– Gary Prager
Chief Strategy and Growth Officer
Space Coast Credit Union
