Applications / Mortgage Analytics / Lenders / Florida / Launch Credit Union
Merritt Island, FL · Credit union · NCUA · $1.4 billion assets · 599 loans in 2025
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599
loans originated, 2025
1,458
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Launch Credit Union is a Florida refinance lender: 91.5% of its 599 loans in 2025 were refinances, and its loans grew 21%, faster than about three-quarters of similar credit unions.
Refinance made up 91.5% of its loans and purchase 8.5%, with no home-improvement or other-purpose loans reported. All were conventional, none were higher-priced (a rate well above the average for similar loans), against 1.7% for similar lenders, and its typical rate was 6.75%, against 7.00%. Its typical loan was $85,000, against $105,000, lower than about four in five similar lenders.
It made 599 loans, up 21% against 6% for similar lenders (credit unions making between half and twice as many loans) and 10% for the whole market. Its yearly totals have swung widely: 693 in 2020, 289 in 2022 and 607 in 2023.
In Palm Bay-Melbourne-Titusville, FL, where it has lent since before 1990, it ranks 27 of 573 with a 0.9% share, up from 0.6%; United Wholesale Mortgage and Space Coast Credit Union lead. In Deltona-Daytona Beach-Ormond Beach, FL its share rose to 0.3% from 0.2%.
Of its loans, 28.5% went to low- and moderate-income (LMI) borrowers, against 27.0% for similar lenders, and 15.8% were in LMI tracts, against 15.1%. In majority-minority tracts it was 10.0%, against 11.1%. All three are near the middle of similar lenders.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Launch Credit Union took 1,458 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 91.5% · Purchase 8.5%
Conventional 100.0% · of 599 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 599 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Palm Bay-Melbourne-Titusville | 375 |
| Deltona-Daytona Beach-Ormond Beach | 160 |
| Orlando-Kissimmee-Sanford | 41 |
| Tampa | 8 |
| Jacksonville | 3 |
| Sebastian-Vero Beach-West Vero Corridor | 3 |
| Ocala | 2 |
| Port St. Lucie | 2 |
| Fort Lauderdale-Pompano Beach-Sunrise | 1 |
| Homosassa Springs | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930029L79O0A2ZXF27 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 406385 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 515605 | 1990–2017 |
Established 1 January 1963. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Launch Credit Union's data.
Launch Credit Union's data
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Launch Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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