# LAUNCH CREDIT UNION
MERRITT ISLAND, FL · NCUA charter 68716 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/launch-credit-union-68716

Who the members are: state charter, organized 1963, low-income designated. 85,017 members of 5,416,176 potential (1.6% of the field); checking penetration 69% (share draft accounts per 100 members); loans per 100 members 94.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.46B |
| Members | 85,017 (0.0% YoY) |
| Full-time staff | 303 |
| Net worth | $133.4M |
| Net worth ratio | 9.1% (p17 of band) |
| ROA (annualized) | 0.21% (p10 of band) |
| Total delinquency | 0.25% (p11 of band) |
| Net charge-offs (annualized) | 0.53% (p52 of band) |
| Loans / shares | 92% (p69 of band) |
| Cash / assets | 13.2% |
| Borrowings / assets | 6.85% |
| Net interest margin | 3.85% (p84 of band) |
| Operating expense / assets | 4.35% (p92 of band) |
| Vehicles % of loans | 22% (p38 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 54% |
| Third-party paper % of net worth | 123% (p45 of band) |
| Vehicle delinquency | 0.26% (p15 of band) |
| Vehicle NCO | 0.73% (p34 of band) |
| Repossessed % of vehicle book | 0.04% (p37 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 262% |
| Core shares % of member funds | 58% |
| Certificates % of member funds | 25% |
| Average share balance | $7,250 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $92.5M |
| Loans outstanding per 100 members | 94% |
| Loans granted per 100 members, annualized | 18% |
| Average loan balance | $13,915 |
| Loans granted, annualized | $370.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $92.5M outstanding purchased (69.3% of net worth), $56.1M sold and retained. Sold in 7 and bought in 6 of the last 8 quarters. Shares 2.8% year over year.

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | net worth falling |  |
| 2021-06 | 2 | expense trap |  |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | 3rd-party paper>100% NW |  |
| 2022-06 | 4 | leaning on borrowings |  |
| 2022-09 | 5 | thin capital, loans>95% of shares | expense trap |
| 2022-12 | 5 |  |  |
| 2023-03 | 6 | expense trap, delinquency rising | net worth falling |
| 2023-06 | 5 |  | expense trap |
| 2023-09 | 6 | expense trap |  |
| 2023-12 | 6 |  |  |
| 2024-03 | 6 |  |  |
| 2024-06 | 6 |  |  |
| 2024-09 | 5 |  | delinquency rising |
| 2024-12 | 4 |  | loans>95% of shares |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 3 |  | thin capital |
| 2025-12 | 2 |  | expense trap |
| 2026-03 | 3 | expense trap |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-26 [Tampa credit union led deal wins final approval, creating $22B institution - Business Observer](https://news.google.com/rss/articles/CBMijAFBVV95cUxOQVE0OFJwd1cwT05uUHFFMFFtNDBrTHRGRUlSa1Axc0dBTXM4QTF3ZzlUYmJhY3RrNEgwMFpXMVVTZVVoa1ZBREkyeTRPWVBhaE9CLVpjUDc5OGYyMzBQNEdtSlVqTEhwdy0ybGtZTjZnT0lvNElUYlhhYXFadmlTWVdiM1NDTXl6Z1hwbA?oc=5) · Business Observer
- 2026-08-27 [Launch Credit Union Members Approve Merger with Suncoast Credit Union - TalkOfTitusville.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxNQzNDQVNNQlFxYzZhVmZWanZfTEpjeDNFZDJlVVd4NllHcGg3UTBJQWlBeHc2b2laSnlJZWprZTU0cXJrbVVYZ0RrdVAtLXhVOWpqTW1GOEVOWHEzbmt1QjBCS1B3U1Z2X0hSR05vUmI1aVdMOWJ0ZWxjemZCX09QQVVROXdiWkdHQkU0YXNpdldKaGFpaXV5WjFZdzduMTVzWXljdkJEUURQUjlhX0tN?oc=5) · TalkOfTitusville.com
- 2026-02-16 [Suncoast, Launch Credit Unions plan merger by late 2026 - Gulfshore Business](https://news.google.com/rss/articles/CBMi4AFBVV95cUxOZjJRblJKWVVBTjZCNmlRWnpLdkxIU29pLVVMWDE3ODY4MmlHT05zWUFaREQ1Z0JxZDVjbXRyblZEbFd5UXZpRVpnTlZxdzhWTXVyTDJ3RVlhWlhsMXRJdTNhU0tkZ2hfcDNqdWI1OGlQdlZiM1FnRURhV3NJRFRXY1E2SGtSR2djeFY1bjN0SHF2ekFJQW9kY3dDVW1QZ2pEbzN2SHFsV1VwOWVhVHdYNmRBaWFGaHlseE9LcVBVX2ZEVkNhcDE0WFk2OHNySnBEcVRXdUVBZ1hCVjAwRjRvTw?oc=5) · Gulfshore Business
- 2026-02-13 [Suncoast Credit Union announces merger, would grow to over $21B - Business Observer](https://news.google.com/rss/articles/CBMikgFBVV95cUxNbjNsY1ZKcXl1amxGT1Nac2ZqNWxva0V2MUxzWExmVEUwLWswOERjSENZaUU5R3pQYnBWYWpfNzdlYXYtSzRnQXJfMFlXcFhQZ2JrYmdza0Z3OHBNOWNmZGtsaUxETExoeWdRWGNFUWV0RnhxS3lKYzE5bERSTDZ6ZklQcXpHTTFsVHEtYmsyZG9hQQ?oc=5) · Business Observer
- 2026-05-01 [News4JAX, Navy Federal, USO Launch ‘Help on the Home Front’ drive for Jacksonville service members - News4JAX](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQYlNlVldpaTh2RFRVS04yem1hbnNLUG1FNDAxRXFnWUFTV201TzVlSWFXNDMxbXI3OFdRSHp4dkx1NE9OWGdQYWVua0UzNnRPbFlvajY5ZVQ5S2c3a3pvSXZfSGhlbGZmaTE1dkJnLXZ3cUhsYm8yOGlydldfUUZBdVk4bGdoRV84NkozVUJydmlDT1VJUTltX2pPNFI4WFlibEwyazh2elR5bjBtbmcwV21FSzBKdS1qMm56aVlteGpRUUZSeUZtaEdLTTJmQmZfNHB5QVMtb1hVdWVrU2c?oc=5) · News4JAX
- 2024-08-19 [Brevard's Community Credit Union, Launch Credit Union announce plans to merge - Florida Today](https://news.google.com/rss/articles/CBMizwFBVV95cUxOWFdIb3RualJRck5jd1dBZTAySWpCWDVYOW5XMnB1M3hpbkZZcnpiQTI2eE5vOWk0UzFEc21FaEo2YjJrbXdDSXJPeXNOQ1I0cG11QU5vd2MxQjdtT0stZXFpTFg5SDhKVFpjWjF5dGtsMkhkaWxIRmZGVml1dmNXNEw4NFhjc2EtWElrR0xKX2ExQjdMakc3ZUJwR0dBYi1MbnZoWXJnUkxhdk9BNHhieXFpRXVwdEU4S2dJTFFnbkgtM29IUkZDV3VxaExtNDA?oc=5) · Florida Today
- 2026-04-07 [BrightStar Credit Union, HOT 105 Launch ‘Teach. Thank. Win.’ to Reward Local Teachers With Monthly $500 Prize - Margate Talk](https://news.google.com/rss/articles/CBMif0FVX3lxTE5NWUR6WDhDX1NWZml4cFBOd0tNc2VTaXRyRXJOUm91QnAwOVZYcEF2RUxpbXUzOFZjMDA4a0hmSW1fcTdESVVrNi1DY1ZncW1QRkNrY2ZsRzVIWXJ4VlplMWxKUmV4TVJORi05VXFxdDJqLVUxd2l2WVZ1bWNvR0E?oc=5) · Margate Talk
- 2024-04-09 [Volusia County Schools and Addition Financial Credit Union Partner to Launch Co-Branded Debit Card - vcsedu.org](https://news.google.com/rss/articles/CBMi5wFBVV95cUxQTlpRMTdQczRyakUyQ2xHUjdxNWVWSUIyUXJiNGJzcFEyY3Znc20yM1N2LVpmckVTbDh1OEpDUnhKWUczZzBKeEZTakJPTjVwYUVZeU10QXYtVkNOc2xYLV9jTGVoMGtsd2FtN29zbnBWMzhlaWo3Znp2MGh4WFpLNTVSRGtXNDFGZnBmVkV0RXJlSHZ6bkRrSWVPS1ZzT05IVnZueFFRRVhfV1BxOXltNmpoUXZqdHpWU2dTTV9Ca19ZU1VDNXB5RUNQTkpWYjRCaU1seV9LMUtHaEExZDVib3E3RHRxMk0?oc=5) · vcsedu.org

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68716 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/44.json (key "68716", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68716
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide