Launch Federal Credit Union


Overview / Commentary
321-455-9400
300 S Plumosa St
Merritt Island, FL 32952

Launch Federal Credit Union is headquartered in Merritt Island and is the 21st largest credit union in the state of Florida. It is also the 395th largest credit union in the nation. It was established in 1963 and as of June of 2019, it had grown to 258 employees and 67,959 members at 16 locations. Launch Federal Credit Union's CD rates are 11% higher than the national average, and it 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.
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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

Health Grade Components

Overall
NCUA #15605
Year Chartered1963
Employees258
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD3.72%
Annual Interest Income$15.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$791.3MM$784.8MM
LoansQ2 2019vs Q2 2018$468.7MM$405.1MM
DepositsQ2 2019vs Q2 2018$681.8MM$687.1MM
Equity CapitalQ2 2019vs Q2 2018$98.0MM$88.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.1MM$3.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.3MM$854.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Launch Federal 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.

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
0.15%--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
1.92%$10k-60 Month CD
1.31%$10k-30 Month CD
1.21%$10k-24 Month CD
1.00%*$10k*-12 Month CD
OTHER TIERS: 0.90% $1k - $10k
0.50%$5k-6 Month CD

Launch Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$10k-60 Month IRA
1.92%$10k-60 Month Roth IRA
1.31%$10k-30 Month IRA
1.31%$10k-30 Month Roth IRA
1.21%$10k-24 Month IRA
1.21%$10k-24 Month Roth IRA
1.00%$1k-12 Month Roth IRA
0.90%$1k-12 Month IRA
0.50%$5k-6 Month IRA
0.50%$5k-6 Month Roth IRA
Locations

Availability



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