Featured Savings Rates
Featured Accounts

Launch Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.31%5-year CD60 Month CD
1.31%5-year IRA60 Month IRA
0.30%1-year CD12 Month CD

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 19th largest credit union in the state of Florida. It is also the 329th largest credit union in the nation. It was established in 1963 and as of December of 2016, it had grown to 195 employees and 63,231 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

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
Employees195
Primary Regulator
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.25%
Annual Interest Income$23.7MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$827.4MM$736.0MM
LoansQ4 2016vs Q4 2015$327.5MM$268.8MM
DepositsQ4 2016vs Q4 2015$636.8MM$598.6MM
Equity CapitalQ4 2016vs Q4 2015$84.2MM$80.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$3.3MM$2.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.7MM$1.4MM
Real Estate OwnedQ4 2016vs Q4 2015$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
0.30%*$100k*-Share Account
OTHER TIERS: 0.10% $25 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.30%*$100k*-Business Share Account
OTHER TIERS: 0.10% $25 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k
0.30%--IRA Share Account
0.30%--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
0.60%$10k-30 Month CD
0.50%$10k-24 Month CD
0.30%*$10k*-12 Month CD
OTHER TIERS: 0.25% $1k - $10k
0.20%$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
0.60%$10k-30 Month IRA
0.60%$10k-30 Month Roth IRA
0.50%$10k-24 Month IRA
0.50%$10k-24 Month Roth IRA
0.30%$1k-12 Month Roth IRA
0.25%$1k-12 Month IRA
0.20%$5k-6 Month IRA
0.20%$5k-6 Month Roth IRA
Locations

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