Overview / Commentary
300 S Plumosa St
Merritt Island, FL 32952

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 392nd largest credit union in the nation. It was established in 1963 and as of December of 2018, it had grown to 258 employees and 65,537 members at 16 locations. Launch Federal Credit Union's CD rates are 11% higher than the national average, and it has 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.
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Reviews (1)

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

NCUA #15605
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD4.4%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$768.7MM$757.6MM
LoansQ4 2018vs Q4 2017$436.6MM$370.9MM
DepositsQ4 2018vs Q4 2017$669.6MM$660.3MM
Equity CapitalQ4 2018vs Q4 2017$92.1MM$88.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.9MM$3.7MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.4MM$1.3MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* 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

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

0.10%--Elite Checking

Launch Federal Credit Union CD Rates

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

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


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