Launch Federal Credit Union

  • +1

A short history of Launch FCU

Since its inception in 1963 the Launch Federal Credit Union has been serving its members in the MERRITT ISLAND, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Joseph Mirachi, the Launch FCU has grown its membership to over 64,108 with assets of more than $756,087,712. They have a main office and 12 branch offices. Please see the credit unions website or contact them by phone at (321) 455-9400 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MERRITT ISLAND, FL.

General Information For Launch FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 15605
Address 300 S PLUMOSA ST 
State Florida 
Zip-Code 32952
Phone Number (321) 455-9400
Fax Number (321) 452-7007
Email Address:
CEO/President Joseph Mirachi
Members 64,108 
Full-Time Employees 221 
Part-Time Employees
Number of Branch Offices 12 
Total Assets 756,087,712 

Compare Launch Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Space Coast CU Space Coast Credit Union-Palm Bay West 152 Malabar Rd SW 32907 (321) 752-2222 No 4.38
Community CU Palm Bay 1325 Palm Bay Rd 32905 (321) 690-2328 No 6.45

Launch Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Launch Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.50 4.25 6.95 4.13 6.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 380 311 540 160 391
Rank Among All Florida Credit Unions 47 63 74 23 47

Launch Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 N/A 0.66 0.35
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 N/A 233 250
Rank Among All Florida Credit Unions 11 19 N/A 44 36
Launch Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.50011,01318,872,626
All Other Unsecured Loans/Lines of Credit 13.9507,71621,907,884
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.2502,62050,344,763
Used Vehicle Loans 6.9509,374110,103,454
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.1301,373132,523,353
Total Other Real Estate Loans/Lines of Credit 6.5001905,644,440
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.9501,07813,389,974
TOTAL LOANS & LEASES 33,364352,786,494

Launch Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 67485,345,33610215,515,105
    b. 15 Years or less 56543,030,692646,723,433
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 641,941,850251,240,000
Adjustable Rate 1 yr or less 702,205,4758620,000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 481,729,5508345,200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 722,091,0095203,000
Open-End Fixed Rate 701,823,881251,139,780
TOTALS 1,563138,167,79323725,786,518


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Launch Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes