Launch Federal Credit Union
Headquarters
300 S Plumosa St
Merritt Island, FL 32952
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2024 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 - November 26, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Launch
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Loan Rates - November 26, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2578474 |
6.368% | 6.250% | 0.88 | $4,010 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.710% | 6.625% | 0.63 | $2,818 | $2,049 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$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:
Columbus,Ohio
Launch Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 168.21 | A | View Lobby Hours | |
| 647.22 | B | View Lobby Hours | |
| 753.31 | C | View Lobby Hours | |
| 760.74 | D | View Lobby Hours | |
| 793.94 | E | View Lobby Hours | |
| 795.95 | F | View Lobby Hours | |
| 801.52 | G | View Lobby Hours | |
| 811.37 | H | View Lobby Hours | |
| 811.44 | I | View Lobby Hours | |
| 814.47 | J | View Lobby Hours | |
| 834.71 | K | View Lobby Hours |
Climate Policy and Initiatives
LAUNCH is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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% | 5.83 |
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 June 30, 2024, 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% | 13.93% |
Launch FCU has a net worth of 12.51% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Launch
siskom
December 5, 2020
Which credit bureau does Launch use for car loans?
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