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 22nd largest credit union in the state of Florida. It is also the 401st largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 259 employees and 70,066 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 Grade Components

NCUA #15605
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD4.45%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$781.8MM$776.0MM
LoansQ3 2019vs Q3 2018$490.9MM$422.0MM
DepositsQ3 2019vs Q3 2018$672.7MM$677.5MM
Equity CapitalQ3 2019vs Q3 2018$99.7MM$88.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.3MM$3.7MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.7MM$1.1MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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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

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

0.10%--Elite Checking

Launch Federal Credit Union CD Rates

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

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%*$10k*-12 Month IRA
OTHER TIERS: 0.90% $1k - $10k
1.00%*$10k*-12 Month Roth IRA
OTHER TIERS: 0.90% $1k - $10k
0.50%$5k-6 Month IRA
0.50%$5k-6 Month Roth IRA


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