Launch Credit Union

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

Launch Credit Union is headquartered in Merritt Island and is the 21st largest credit union in the state of Florida. It is also the 384th largest credit union in the nation. It was established in 1963 and as of December of 2021, it had grown to 270 employees and 74,478 members at 19 locations. Launch Credit Union's money market rates are 25% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Launch Credit Union is open to anyone who lives, works, worships, or goes to school in Brevard, Flagler, Osceola, Orange, Seminole or Volusia County. Immediate family of existing credit union members are also eligible.
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 #68716
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD5.13%
Annual Interest Income$35.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$1.07B$924.3MM
LoansQ4 2021vs Q4 2020$811.1MM$611.0MM
DepositsQ4 2021vs Q4 2020$953.7MM$814.0MM
Equity CapitalQ4 2021vs Q4 2020$107.9MM$102.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$5.4MM$5.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.3MM$1.7MM
Real Estate OwnedQ4 2021vs Q4 2020$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 Credit Union Savings Account Rates

0.30%--IRA Share Account
OTHER TIERS: 0.05% $200 - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.20%*$100k*-Business Savings
OTHER TIERS: 0.05% $200 - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.20%*$100k*-Minor Savings
OTHER TIERS: 0.05% $5 - $25k | 0.10% $25k - $50k | 0.15% $50k - $100k
0.15%--Holiday Account
0.15%--First Time Homebuyers Savings

Launch Credit Union Money Market Rates

0.55%*$250k*-IGNITE Money Market
OTHER TIERS: 0.15% $2.5k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k

Launch Credit Union Checking Account Rates

0.05%$1k-Elite Checking
0.05%$1k-Business Checking

Launch Credit Union CD Rates

0.90%$10k-60 Month CD
0.50%$10k-30 Month CD
0.45%$10k-24 Month CD
0.35%$1k-12 Month CD
0.20%$5k-6 Month CD

Launch Credit Union IRA Rates

0.90%$10k-60 Month IRA
0.90%$10k-60 Month Roth IRA
0.50%$10k-30 Month IRA
0.50%$10k-30 Month Roth IRA
0.45%$10k-24 Month IRA
0.45%$10k-24 Month Roth IRA
0.35%$1k-12 Month IRA
0.35%$1k-12 Month Roth IRA
0.20%$5k-6 Month IRA
0.20%$5k-6 Month Roth IRA


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