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Launch Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.31%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
1.31%5-year IRA60 Month IRA
1.52% - National Average
0.35%1-year CD12 Month CD
1.50% - Ally Bank No Penalty 11-Month CDAdvertisement
View all Launch Federal Credit Union rates »

Overview / Commentary
www.launchfcu.com
321-455-9400
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 332nd largest credit union in the nation. It was established in 1963 and as of March of 2017, it had grown to 201 employees and 64,099 members at 14 locations. Launch Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership 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

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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.

2


Health
A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #15605
Year Chartered1963
Employees201
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.74%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$852.1MM$772.2MM
LoansQ1 2017vs Q1 2016$337.2MM$284.5MM
DepositsQ1 2017vs Q1 2016$661.0MM$630.4MM
Equity CapitalQ1 2017vs Q1 2016$85.9MM$84.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.1MM$2.6MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.4MM$1.2MM
Real Estate OwnedQ1 2017vs Q1 2016$0$81.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.35%--Roth IRA Share Account
0.15%--Holiday Account

Launch Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Elite Checking

Launch Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$10k-60 Month CD
0.75%$10k-30 Month CD
0.50%$10k-24 Month CD
0.35%*$10k*-12 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.25%$5k-6 Month CD

Launch Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$10k-60 Month IRA
1.31%$10k-60 Month Roth IRA
0.75%$10k-30 Month IRA
0.75%$10k-30 Month Roth IRA
0.50%$10k-24 Month IRA
0.50%$10k-24 Month Roth IRA
0.35%$1k-12 Month Roth IRA
0.30%$1k-12 Month IRA
0.25%$5k-6 Month IRA
0.25%$5k-6 Month Roth IRA
Locations

Launch Federal Credit Union has 14 locations. Click to view all Launch Federal Credit Union locations.