Launch Credit Union

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

Launch Credit Union is headquartered in Merritt Island and is the 24th largest credit union in the state of Florida. It is also the 407th largest credit union in the nation. It was established in 1963 and as of June of 2020, it had grown to 260 employees and 69,256 members at 17 locations. Launch Credit Union 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

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 - YTD0.05%
Return on Equity - YTD0.39%
Annual Interest Income$16.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$869.5MM$791.3MM
LoansQ2 2020vs Q2 2019$556.7MM$468.7MM
DepositsQ2 2020vs Q2 2019$759.1MM$681.8MM
Equity CapitalQ2 2020vs Q2 2019$101.6MM$98.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.6MM$4.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$427.00K$1.3MM
Real Estate OwnedQ2 2020vs Q2 2019$295.00K$0
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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

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%--IRA Share Account
0.20%*$100k*-Minor Savings
OTHER TIERS: 0.05% $5 - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.15%--Holiday Account

Launch Credit Union Money Market Rates

0.30%*$250k*-IGNITE Money Market
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Launch Credit Union Checking Account Rates

0.05%--Elite Checking

Launch Credit Union CD Rates

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

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


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