LAUNCH CREDIT UNION Credit Union Profile

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LAUNCH CREDIT UNION

Charter #68716 | NCUA Region 2 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (321) 455-9400

Fax: (321) 452-7007

Founding Date: N/A

Website: http://www.launchcu.com

Personnel & Operations

President: Montijo, Hollimarie

Manager: Mirachi, Joseph

FT Employees: 304

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 12.36%

Membership Type: 99

Branches: 19

Hours: M-W 8AM-5PM: TH-F 8AM-6PM

Credit Union Profile Summary

LAUNCH CREDIT UNION is a FISCU Credit Union. With a total of 85,638 members ^[1], this institution manages approximately $1,416,833,148 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 8.92% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -3.80% ^[1].

Financial Snapshot

Total Assets ^[1]

$1,416,833,148

Total economic resources.

Total Loans ^[1]

$1,071,071,947

Total value of outstanding loans.

Total Deposits ^[1]

$1,175,305,283

Total funds deposited by members.

Members ^[1]

85,638

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

8.92%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.21%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

91.13%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 1.44%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↓ -3.80%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 0.56%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

300 S PLUMOSA ST

MERRITT ISLAND, FL, 32952

Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 20 branches reported by LAUNCH CREDIT UNION (Charter #68716).

Main Office

Administration Building Main Office

Type: Corporate Office

300 S Plumosa St

Merritt Island, FL 32952

Phone: (321) 455-9400

Services: None specified

LAUNCH CREDIT UNION Credit Union Profile