Launch Credit Union is headquartered in Merritt Island and is the 20th largest credit union in the state of Florida. It is also the 343rd largest credit union in the nation. It was established in 1963 and as of September of 2022, it had grown to 301 employees and 78,488 members at 19 locations. Launch Credit Union's money market rates are 3X the national average, and it has an A health rating.
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
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.
Overall | |
---|---|
NCUA # | 68716 |
Year Chartered | 1963 |
Employees | 301 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.47% |
Return on Equity - YTD | 5.35% |
Annual Interest Income | $33.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2022vs Q3 2021 | $1.31B$1.05B |
Loans | Q3 2022vs Q3 2021 | $1.05B$750.2MM |
Deposits | Q3 2022vs Q3 2021 | $1.06B$939.0MM |
Equity Capital | Q3 2022vs Q3 2021 | $111.9MM$106.2MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $6.4MM$4.6MM |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.7MM$1.1MM |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.30%* | $250k* | - | Money Market | ||
OTHER TIERS: 0.95% → $2.5k - $25k | 1.15% → $25k - $50k | 1.20% → $50k - $100k | 1.25% → $100k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $1k | - | Elite Checking | |
0.10% | $1k | - | Business Checking |