Launch Federal Credit Union

Overview / Commentary
300 S Plumosa St
Merritt Island, FL 32952

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

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 Grade Components

NCUA #15605
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD-0.12%
Return on Equity - YTD-0.95%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$806.2MM$789.6MM
LoansQ1 2020vs Q1 2019$530.1MM$448.1MM
DepositsQ1 2020vs Q1 2019$697.0MM$683.8MM
Equity CapitalQ1 2020vs Q1 2019$101.4MM$95.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.4MM$4.0MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.7MM$1.1MM
Real Estate OwnedQ1 2020vs Q1 2019$295.00K$0

Rates for Launch Federal Credit Union are currently being reviewed.



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