Launch Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.92% | 5-year CD | 60 Month CD |
| 1.92% | 5-year IRA | 60 Month IRA 2.03% - National Average |
| 1.00% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
Launch Federal Credit Union is headquartered in Merritt Island and is the 20th 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 June of 2018, it had grown to 230 employees and 64,735 members at 16 locations. Launch Federal Credit Union's CD rates are 11% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Launch Federal Credit Union is open to those who live, work or worship in Brevard or Volusia County and family members of existing members.
See current membership details
Related Posts
Launch Credit Union
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 15605 |
| Year Chartered | 1963 |
| Employees | 230 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.71% |
| Return on Equity - YTD | 6.34% |
| Annual Interest Income | $13.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $784.8MM$756.1MM |
| Loans | Q2 2018vs Q2 2017 | $405.1MM$352.8MM |
| Deposits | Q2 2018vs Q2 2017 | $687.1MM$662.4MM |
| Equity Capital | Q2 2018vs Q2 2017 | $88.2MM$87.2MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $3.5MM$3.3MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $854.00K$1.2MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Launch Federal 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 Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $100k* | - | Share Account | ||
| OTHER TIERS: 0.10% → $25 - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k | |||||
| 0.35%* | $100k* | - | Business Share Account | ||
| OTHER TIERS: 0.10% → $25 - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $100k | |||||
| 0.35% | - | - | IRA Share Account | ||
| 0.15% | - | - | Holiday Account | ||
Launch Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Elite Checking |
Launch Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.92% | $10k | - | 60 Month CD | ||
| 1.31% | $10k | - | 30 Month CD | ||
| 1.21% | $10k | - | 24 Month CD | ||
| 1.00%* | $10k* | - | 12 Month CD | ||
| OTHER TIERS: 0.90% → $1k - $10k | |||||
| 0.50% | $5k | - | 6 Month CD | ||
Launch Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.92% | $10k | - | 60 Month IRA | |
| 1.92% | $10k | - | 60 Month Roth IRA | |
| 1.31% | $10k | - | 30 Month IRA | |
| 1.31% | $10k | - | 30 Month Roth IRA | |
| 1.21% | $10k | - | 24 Month IRA | |
| 1.21% | $10k | - | 24 Month Roth IRA | |
| 1.00% | $1k | - | 12 Month Roth IRA | |
| 0.90% | $1k | - | 12 Month IRA | |
| 0.50% | $5k | - | 6 Month IRA | |
| 0.50% | $5k | - | 6 Month Roth IRA |
