Overview / Commentary
Launch Federal Credit Union is headquartered in Merritt Island and is the 23rd 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 March of 2020, it had grown to 271 employees and 69,093 members at 19 locations. Launch Federal Credit Union 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.
See current membership details
Reviews (1)
Launch Credit Union
Posted by: JenniferEustance | Jun 24, 2014
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
A
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15605 |
| Year Chartered | 1963 |
| Employees | 271 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.12% |
| Return on Equity - YTD | -0.95% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $806.2MM$789.6MM |
| Loans | Q1 2020vs Q1 2019 | $530.1MM$448.1MM |
| Deposits | Q1 2020vs Q1 2019 | $697.0MM$683.8MM |
| Equity Capital | Q1 2020vs Q1 2019 | $101.4MM$95.0MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $4.4MM$4.0MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $1.7MM$1.1MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $295.00K$0 |
