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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 20th largest credit union in the state of Florida. It is also the 343rd largest credit union in the nation. It was established in 1963 and as of September of 2022, it had grown to 301 employees and 78,488 members at 19 locations. Launch Credit Union's money market rates are 3X the national average, and it has 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 Q3 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #68716
Year Chartered1963
Employees301
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD5.35%
Annual Interest Income$33.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.31B$1.05B
LoansQ3 2022vs Q3 2021$1.05B$750.2MM
DepositsQ3 2022vs Q3 2021$1.06B$939.0MM
Equity CapitalQ3 2022vs Q3 2021$111.9MM$106.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$6.4MM$4.6MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.7MM$1.1MM
Real Estate OwnedQ3 2022vs Q3 2021$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
0.50%--IRA Share Account
0.30%*$100k*-Savings
OTHER TIERS: 0.05% → $200 - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.30%*$100k*-Business Savings
OTHER TIERS: 0.05% → $200 - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.30%--Holiday Account
0.30%*$100k*-Minor Savings
OTHER TIERS: 0.05% → $5 - $2.5k | 0.10% → $2.5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k
0.30%--First Time Homebuyers Savings

Launch Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*$250k*-Money Market
OTHER TIERS: 0.95% → $2.5k - $25k | 1.15% → $25k - $50k | 1.20% → $50k - $100k | 1.25% → $100k - $250k

Launch Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-Elite Checking
0.10%$1k-Business Checking

Launch Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.05%$10k-18 Month CD Special
3.30%*$250k*-60 Month CD
OTHER TIERS: 3.10% → $1k - $10k | 3.15% → $10k - $50k | 3.20% → $50k - $100k | 3.25% → $100k - $250k
2.95%*$250k*-36 Month Bump CD
OTHER TIERS: 2.75% → $1k - $10k | 2.80% → $10k - $50k | 2.85% → $50k - $100k | 2.90% → $100k - $250k
2.75%*$250k*-30 Month CD
OTHER TIERS: 2.55% → $1k - $10k | 2.60% → $10k - $50k | 2.65% → $50k - $100k | 2.70% → $100k - $250k
2.70%*$250k*-26 Month Bump CD
OTHER TIERS: 2.50% → $1k - $10k | 2.55% → $10k - $50k | 2.60% → $50k - $100k | 2.65% → $100k - $250k
2.65%*$250k*-24 Month CD
OTHER TIERS: 2.45% → $1k - $10k | 2.50% → $10k - $50k | 2.55% → $50k - $100k | 2.60% → $100k - $250k
2.15%*$250k*-12 Month CD
OTHER TIERS: 1.95% → $1k - $10k | 2.00% → $10k - $50k | 2.05% → $50k - $100k | 2.10% → $100k - $250k
1.65%*$250k*-6 Month CD
OTHER TIERS: 1.45% → $1k - $10k | 1.50% → $10k - $50k | 1.55% → $50k - $100k | 1.60% → $100k - $250k

Launch Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.05%$10k-18 Month IRA Special
3.30%*$250k*-60 Month IRA
OTHER TIERS: 3.10% → $1k - $10k | 3.15% → $10k - $50k | 3.20% → $50k - $100k | 3.25% → $100k - $250k
2.95%*$250k*-36 Month Bump IRA
OTHER TIERS: 2.75% → $1k - $10k | 2.80% → $10k - $50k | 2.85% → $50k - $100k | 2.90% → $100k - $250k
2.75%*$250k*-30 Month IRA
OTHER TIERS: 2.55% → $1k - $10k | 2.60% → $10k - $50k | 2.65% → $50k - $100k | 2.70% → $100k - $250k
2.70%*$250k*-26 Month Bump IRA
OTHER TIERS: 2.50% → $1k - $10k | 2.55% → $10k - $50k | 2.60% → $50k - $100k | 2.65% → $100k - $250k
2.65%*$250k*-24 Month IRA
OTHER TIERS: 2.45% → $1k - $10k | 2.50% → $10k - $50k | 2.55% → $50k - $100k | 2.60% → $100k - $250k
2.15%*$250k*-12 Month IRA
OTHER TIERS: 1.95% → $1k - $10k | 2.00% → $10k - $50k | 2.05% → $50k - $100k | 2.10% → $100k - $250k
1.65%*$100k*-6 Month IRA
OTHER TIERS: 1.45% → $1k - $10k | 1.50% → $10k - $50k | 1.55% → $50k - $100k
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