Launch

Headquarters

300 S Plumosa St
Merritt Island, FL 32952
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.66% →
1-Year CD 0.55% 0.67% →
2-Year CD 0.70% 0.75% →
5-Year CD 1.16% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Launch is an NCUA insured institution located in Merritt Island, FL. It was founded in 1963 and has approximately $806.17 millions in assets.

Who can join?

You are eligible for membership if you:

Live in Brevard or Volusia County
Work in Brevard or Volusia County
Worship in Brevard or Volusia County

NCUA Insured Yes / Federally Chartered
Charter Number # # 15605
Date Established 1963
Assets $806.17 million
Loans $530.09 million
Deposits $696.98 million
Capital $100.90 million
 

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.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.80% $10,000 $14,999 Learn More
30 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.16% $10,000 $14,999 Learn More
60 Mo CD
1.16% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LAUNCH

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to LAUNCH
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Launch branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Launch Locations


Financial Details

Launch Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Launch. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Launch U.S. Average
6.05% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Launch had $5,949,024 in non-current loans and $422,427 in owned assets. To cover these potential losses it had $100,902,531 in net worth and $4,442,092 in loans loss reserves. That gives it a Texas Ratio of 6.05%.

Net Worth
Launch U.S. Average
12.51% 12.67%

Launch FCU has a net worth of 12.51% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Launch

Branches and Savings

What is Launch?

A federal credit union, registered with the NCUA under certificate #15605.
Learn more about credit unions here.

Is Launch FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Launch is insured by the NCUA.

Who can join Launch?

Please see Field of Membership information above for information on who is eligible to join.

What are Launch's share account and share certificate rates?

Launch's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Launch?

Launch has total capital of $100.90 million. Full information on Launch's financial position is located above.

Who owns Launch?

Credit Unions are owned by their members.

Where are Launch branches located?

See branch locations nearby.

Are Launch ATMs Open 24/7?

Do Launch ATMs accept cash deposits?

Can Launch customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Launch have a mobile app?

Does Launch have mobile deposit?

Does Launch have quick pay?

How can Launch transfer money to other banks or credit unions?

Does Launch report to credit bureaus?

Does Launch use Chexsystems?

Does Launch use Equifax?

siskom | Dec 05, 2020

Which credit bureau does Launch use for car loans?

What is Launch's toll free phone number?

What is Launch's ACH Routing Number?

What is Launch's SWIFT code?

Where can I find Launch's wire transfer form?

What is the Launch address for deposits?

What Products Does Launch Offer

Does Launch offer mortgages?

Compare mortgage rates here.

Does Launch offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Launch offer auto and RV loans?

Compare auto loan rates here.

Does Launch offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Launch


  • December 05, 2020

    Which credit bureau does Launch use for car loans?

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