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Launch Credit Union


Overview / Commentary
www.launchcu.com
321-455-9400
300 S Plumosa St
Merritt Island, FL 32952

Launch Credit Union is headquartered in Merritt Island and is the 21st largest credit union in the state of Florida. It is also the 384th largest credit union in the nation. It was established in 1963 and as of December of 2021, it had grown to 270 employees and 74,478 members at 19 locations. Launch Credit Union's money market rates are 25% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Launch Credit Union is open to anyone who lives, works, worships, or goes to school in Brevard, Flagler, Osceola, Orange, Seminole or Volusia County. Immediate family of existing credit union members are also eligible.
See current membership details

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Reviews (1)

Launch Credit Union

Posted by: |

I have been banking with Launch, formally known as Kennedy Space Credit Union for the past 10 years, they have excellent customer service and always give their customers personal attention.

2


Health
A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #68716
Year Chartered1963
Employees270
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.13%
Annual Interest Income$35.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.07B$924.3MM
LoansQ4 2021vs Q4 2020$811.1MM$611.0MM
DepositsQ4 2021vs Q4 2020$953.7MM$814.0MM
Equity CapitalQ4 2021vs Q4 2020$107.9MM$102.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$5.4MM$5.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.3MM$1.7MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Launch Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Launch Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Share Account
0.20%*$100k*-Savings
OTHER TIERS: 0.05% → $200 - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k
0.20%*$100k*-Business Savings
OTHER TIERS: 0.05% → $200 - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k
0.20%*$100k*-Minor Savings
OTHER TIERS: 0.05% → $5 - $25k | 0.10% → $25k - $50k | 0.15% → $50k - $100k
0.15%--Holiday Account
0.15%--First Time Homebuyers Savings

Launch Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$250k*-IGNITE Money Market
OTHER TIERS: 0.15% → $2.5k - $10k | 0.20% → $10k - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k | 0.50% → $100k - $250k

Launch Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Elite Checking
0.05%$1k-Business Checking

Launch Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$10k-60 Month CD
0.50%$10k-30 Month CD
0.45%$10k-24 Month CD
0.35%$1k-12 Month CD
0.20%$5k-6 Month CD

Launch Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$10k-60 Month IRA
0.90%$10k-60 Month Roth IRA
0.50%$10k-30 Month IRA
0.50%$10k-30 Month Roth IRA
0.45%$10k-24 Month IRA
0.45%$10k-24 Month Roth IRA
0.35%$1k-12 Month IRA
0.35%$1k-12 Month Roth IRA
0.20%$5k-6 Month IRA
0.20%$5k-6 Month Roth IRA
Locations

Availability



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