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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 360th largest credit union in the nation. It was established in 1963 and as of June of 2022, it had grown to 293 employees and 76,989 members at 19 locations. Launch Credit Union's money market rates are 93% higher than 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 Q2 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #68716
Year Chartered1963
Employees293
Primary Regulator
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD5.73%
Annual Interest Income$21.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.23B$1.01B
LoansQ2 2022vs Q2 2021$974.8MM$698.7MM
DepositsQ2 2022vs Q2 2021$1.03B$901.6MM
Equity CapitalQ2 2022vs Q2 2021$110.8MM$104.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$5.8MM$4.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$1.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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 Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Share Account
0.25%*$100k*-Savings
OTHER TIERS: 0.05% → $200 - $2.5k | 0.10% → $2.5k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k
0.25%*$100k*-Business Savings
OTHER TIERS: 0.05% → $200 - $2.5k | 0.10% → $2.5k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k
0.25%*$100k*-Minor Savings
OTHER TIERS: 0.05% → $5 - $2.5k | 0.10% → $2.5k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k
0.20%--Holiday Account
0.20%--First Time Homebuyers Savings

Launch Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-IGNITE Money Market
OTHER TIERS: 0.60% → $2.5k - $10k | 0.65% → $10k - $25k | 0.70% → $25k - $50k | 0.80% → $50k - $100k

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
3.40%$10k-18 Month CD Special
2.63%*$250k*-60 Month CD
OTHER TIERS: 2.43% → $1k - $10k | 2.48% → $10k - $50k | 2.53% → $50k - $100k | 2.58% → $100k - $250k
2.27%*$250k*-36 Month Bump CD
OTHER TIERS: 2.07% → $1k - $10k | 2.12% → $10k - $50k | 2.17% → $50k - $100k | 2.22% → $100k - $250k
2.07%*$250k*-30 Month CD
OTHER TIERS: 1.87% → $1k - $10k | 1.92% → $10k - $50k | 1.97% → $50k - $100k | 2.02% → $100k - $250k
1.97%*$250k*-26 Month Bump CD
OTHER TIERS: 1.76% → $1k - $10k | 1.81% → $10k - $50k | 1.87% → $50k - $100k | 1.92% → $100k - $250k
1.87%*$250k*-24 Month CD
OTHER TIERS: 1.61% → $1k - $10k | 1.66% → $10k - $50k | 1.76% → $50k - $100k | 1.81% → $100k - $250k
1.46%*$250k*-12 Month CD
OTHER TIERS: 1.26% → $1k - $10k | 1.31% → $10k - $50k | 1.36% → $50k - $100k | 1.41% → $100k - $250k
1.21%*$250k*-6 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 1.06% → $10k - $50k | 1.11% → $50k - $100k | 1.16% → $100k - $250k

Launch Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.40%$10k-18 Month IRA Special
2.63%*$250k*-60 Month IRA
OTHER TIERS: 2.43% → $1k - $10k | 2.48% → $10k - $50k | 2.53% → $50k - $100k | 2.58% → $100k - $250k
2.27%*$250k*-36 Month Bump IRA
OTHER TIERS: 2.07% → $1k - $10k | 2.12% → $10k - $50k | 2.17% → $50k - $100k | 2.22% → $100k - $250k
2.07%*$250k*-30 Month IRA
OTHER TIERS: 1.87% → $1k - $10k | 1.92% → $10k - $50k | 1.97% → $50k - $100k | 2.02% → $100k - $250k
1.97%*$250k*-26 Month Bump IRA
OTHER TIERS: 1.76% → $1k - $10k | 1.81% → $10k - $50k | 1.87% → $50k - $100k | 1.92% → $100k - $250k
1.87%*$250k*-24 Month IRA
OTHER TIERS: 1.61% → $1k - $10k | 1.66% → $10k - $50k | 1.76% → $50k - $100k | 1.81% → $100k - $250k
1.46%*$250k*-12 Month IRA
OTHER TIERS: 1.26% → $1k - $10k | 1.31% → $10k - $50k | 1.36% → $50k - $100k | 1.41% → $100k - $250k
1.21%*$100k*-6 Month IRA
OTHER TIERS: 1.00% → $1k - $10k | 1.06% → $10k - $50k | 1.11% → $50k - $100k
Locations

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