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 has an A+ health rating.
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
|Return on Assets - YTD||0.52%|
|Return on Equity - YTD||5.13%|
|Annual Interest Income||$35.4MM|
|Assets and Liabilities|
|Assets||Q4 2021vs Q4 2020||$1.07B$924.3MM|
|Loans||Q4 2021vs Q4 2020||$811.1MM$611.0MM|
|Deposits||Q4 2021vs Q4 2020||$953.7MM$814.0MM|
|Equity Capital||Q4 2021vs Q4 2020||$107.9MM$102.4MM|
|Loan Loss Allowance||Q4 2021vs Q4 2020||$5.4MM$5.0MM|
|Unbacked Noncurrent Loans||Q4 2021vs Q4 2020||$1.3MM$1.7MM|
|Real Estate Owned||Q4 2021vs Q4 2020||$0$0|
Rates for Launch Credit Union are currently being reviewed.