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.
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
|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|
Rates for Launch Federal Credit Union are currently being reviewed.