LAUNCH CREDIT UNION

Charter #68716 | FL

1B-3B (304 CUs) Mid-Market (380 CUs)
18 1B-3B in FL

LAUNCH CREDIT UNION has 4 strengths but faces 4 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 24.8% in tier
  • + Organic Growth Leader: Top 30.6% in tier
  • + Organic Growth Engine: Top 31.5% in tier
  • + Net Interest Margin 0.69% above tier average

Key Concerns

Areas that may need attention

  • - Efficiency Drag: Bottom 10.9% in tier
  • - Liquidity Strain: Bottom 33.0% in tier
  • - ROA 0.26% below tier average
  • - Efficiency ratio 8.42% above tier (higher cost structure)

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (FL) National Avg Tier Percentile
Members 86,176
+1.3% YoY+0.6% QoQ
 -12.5K 98,678
-1.9% YoY
 69,671
+4.3% YoY
 33,089
+6.1% YoY
 48th in tier
Assets $1.4B
+2.4% YoY+0.6% QoQ
 $-293.8M $1.7B
+0.5% YoY
 $1.1B
+3.8% YoY
 $547.7M
+7.8% YoY
 41st in tier
Loans $1.1B
-0.9% YoY+1.1% QoQ
 $-149.8M $1.2B
+0.5% YoY
 $773.4M
+7.4% YoY
 $388.7M
+8.6% YoY
 48th in tier
Deposits $1.2B
+3.5% YoY+0.4% QoQ
 $-274.8M $1.5B
+1.3% YoY
 $908.2M
+6.5% YoY
 $464.6M
+9.3% YoY
 40th in tier
ROA 0.4%
+26.2% YoY+113.1% QoQ
 -0.3% 0.7%
+13.4% YoY
 0.6%
+15.9% YoY
 0.7%
+273.4% YoY
 27th in tier
NIM 3.9%
+9.1% YoY+12.6% QoQ
 +0.7% 3.3%
+9.3% YoY
 3.6%
+6.7% YoY
 3.7%
+5.0% YoY
 Top 12.8% in tier
Efficiency Ratio 82.4%
-2.4% YoY-7.5% QoQ
 +8.4% 74.0%
-10.9% YoY
 79.0%
+0.0% YoY
 79.1%
-3.3% YoY
 Top 16.4% in tier
Delinquency Rate 0.3%
-11.0% YoY+17.7% QoQ
 -0.5 0.8%
+6.1% YoY
 0.7%
+3.1% YoY
 1.2%
-0.9% YoY
 Bottom 16.1% in tier
Loan To Share 91.8%
-4.2% YoY+0.8% QoQ
 +6.6% 85.2%
-0.8% YoY
 71.2%
+0.4% YoY
 68.0%
-1.7% YoY
 62nd in tier
AMR $26,258
+0.1% YoY+0.1% QoQ
 $-3K $29,172
+2.8% YoY
 $22,283
+3.7% YoY
 $19,418
+1.3% YoY
 43rd in tier
CD Concentration 26.7%
+5.0% YoY+3.3% QoQ
 -2.3% 29.0%
+0.8% YoY
 23.4%
+4.5% YoY
 19.6%
+6.2% YoY
 41st in tier
Indirect Auto % 10.6%
-20.7% YoY-1.2% QoQ
 -8.2% 18.8%
-2.8% YoY
 10.9%
-1.4% YoY
 7.9%
-2.9% YoY
 37th in tier

Signature Analysis

Strengths (3)

Emerging Performer

growth
#132 of 184 • Top 24.8% in tier

Profitable credit union with positive returns. May represent growth potential worth exploring.

Why This Signature
Return on Assets: 0.45%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 1.29%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
184 of 380 Mid-Market CUs have this signature | 852 nationally
↑ Growing +18 CUs YoY | Rank worsening

Organic Growth Leader

growth
#121 of 138 • Top 30.6% in tier

Attracting members without relying on indirect channels. Healthy, sustainable growth model.

Why This Signature
Member Growth (YoY): 1.29%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
138 of 380 Mid-Market CUs have this signature | 608 nationally
↑ Growing +11 CUs YoY | Rank worsening

Organic Growth Engine

growth
#229 of 246 • Top 31.5% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 1.29%
(Tier: 3.18%, National: 9.37%)
but worse than tier avg
Return on Assets: 0.45%
(Tier: 0.71%, National: 0.71%)
but worse than tier avg
Indirect Auto %: 10.61%
(Tier: 18.80%, National: 7.90%)
better than tier avg
246 of 380 Mid-Market CUs have this signature | 917 nationally
↑ Growing +14 CUs YoY | Rank worsening

Concerns (2)

Efficiency Drag

risk
#37 of 96 • Bottom 10.9% in tier

High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.

Why This Signature
Efficiency Ratio: 82.39%
(Tier: 73.45%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.09% points
(Tier: 0.07% points, National: 0.05% points)
but better than tier avg
Member Growth (YoY): 1.29%
(Tier: 3.18%, National: 9.37%)
worse than tier avg
96 of 380 Mid-Market CUs have this signature | 624 nationally
↓ Shrinking -32 CUs YoY | Rank improving

Liquidity Strain

risk
#174 of 183 • Bottom 33.0% in tier

Loan demand outpacing deposits. They're bumping against liquidity limits - need funding solutions.

Why This Signature
Loan-to-Share Ratio: 91.83%
(Tier: 86.35%, National: 67.96%)
but better than tier avg
Loan Growth (YoY): -0.87%
(Tier: 6.14%, National: 36.38%)
worse than tier avg
183 of 380 Mid-Market CUs have this signature | 484 nationally
↑ Growing +10 CUs YoY | Rank worsening

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) | Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 304 peers in tier

Top Strengths (2 metrics)

39
Net Interest Margin (NIM)
profitability
Value: 3.95%
Peer Avg: 3.26%
#39 of 304 Top 12.5% in 1B-3B tier
50
Total Delinquency Rate (60+ days)
risk
Value: 0.34%
Peer Avg: 0.83%
#50 of 304 Top 16.1% in 1B-3B tier

Top Weaknesses (4 metrics)

271
Members Per Employee (MPE)
engagement
Value: 273.575
Peer Avg: 364.953
#271 of 304 Bottom 11.2% in 1B-3B tier
267
Net Worth Ratio
risk
Value: 9.10%
Peer Avg: 11.44%
#267 of 304 Bottom 12.5% in 1B-3B tier
255
Efficiency Ratio
profitability
Value: 82.39%
Peer Avg: 73.97%
#255 of 304 Bottom 16.4% in 1B-3B tier
241
Loan Growth Rate
growth
Value: -0.87%
Peer Avg: 5.27%
#241 of 304 Bottom 21.1% in 1B-3B tier