Overview / Commentary
Launch Credit Union is headquartered in Merritt Island and is the 19th largest credit union in the state of Florida. It is also the 330th largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 307 employees and 85,017 members at 20 locations. Launch Credit Union has an A health rating.
Field of Membership Restrictions
Launch Credit Union is open to anyone who lives, works, worships, or attends school in the Florida counties of Brevard, Flagler, Osceola, Orange, Seminole or Volusia. Immediate family of existing Launch Credit Union members are also eligible to join.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68716 |
| Year Chartered | 1963 |
| Employees | 307 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 2.31% |
| Annual Interest Income | $17.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.44B$1.4B |
| Loans | Q1 2025vs Q1 2024 | $1.06B$1.13B |
| Deposits | Q1 2025vs Q1 2024 | $1.18B$1.15B |
| Equity Capital | Q1 2025vs Q1 2024 | $125.2MM$121.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $7.3MM$8.3MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2.6MM$2.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
