Loan Rates & Dividends-Launch Credit Union

Launch CU Loan and Dividend Rates

Whether you’re buying a new or used vehicle, your new home, or refinancing the home you’re in, Launch offers competitive rates and terms that fit your needs. If you need a line of credit for unexpected circumstances, Launch can help.

Launch also offers dividends on your Savings, Elite Checking, and other deposit accounts to help you save for the future.

Rates current as of 03/04/2024

Auto & Truck Loan Rates

	Condition	Available Terms*	As low as APR*
Apply now for Auto Loan	New 2023-present	Up to 36 months Max term 84 months	6.00%
	Used 2021-2022	Up to 36 months Max term 84 months	6.25%
	Used 2018-2020	Up to 36 months Max term 84 months	6.49%
	Used 2016-2017	Up to 36 months Max term 65 months	7.49%

Boat & RV Loan Rates

	Condition	Available Terms*	As low as APR*
Apply now for a Boat/RV loan	New 2023-Present	Up to 240 months	10.75%
	Used 2018-2022	Up to 240 months	11.75%
	Used 2016 & 2017	Up to 120 months	7.99%

Motorcycle Loan Rates

	Condition	Available Terms*	As low as APR*
Apply now for a motorcycle loan	New 2023-present	Up to 36 months Max term 84 months	6.00%
	Used 2021-2022	Up to 36 months Max term 84 months	6.25%
	Used 2018-2020	Up to 36 months Max term 84 months	6.49%
	Used 2016-2017	Up to 36 months Max term 65 months	7.49%

Signature Loan Rates

Several terms available. Rates based on term of loan. No collateral necessary.

	Borrowing Limits	As Low As APR*
Apply now for a signature loan	$20,000	10.50% APR* up to 36 months. Max 60 months*.

Line Of Credit

Revolving line of credit, pay interest only on the amount that is outstanding. Monthly payments based only on amount outstanding, and no collateral necessary.

	Borrowing Limits	As Low As APR*
Apply now for a line of credit	$20,000	9.99% APR*

VISA^® Credit Cards

3.90% APR Introductory Rate***** (for purchases and balance transfers posted during the first 60 days following issuance of your card. Will be in effect for six billing cycles from the date of your first purchase or balance transfer).	Credit Card Type	As low as APR*
Apply now for a credit card	Platinum VISA^®	8.90% APR*
REWARDS Platinum VISA^®	10.90% APR*

3.90% APR Introductory Rate*****

(for purchases and balance transfers posted during the first 60 days following issuance of your card.

Will be in effect for six billing cycles from the date of your first purchase or balance transfer).

Credit Card Type

As low as APR*

Apply now for a credit card

Platinum VISA^®

8.90% APR*

REWARDS Platinum VISA^®

10.90% APR*

View Application and Solicitation Disclosure

Savings Secured Rates

Several terms available. Rates are lower than a Personal Loan because loan is secured. Rates based on term of loan, and loan is collateralized with Launch Savings Account

	Borrowing Limits	As Low As APR*
Apply now for a Savings Secured Loans	Up to 100% of Savings Account Balance	36 months at 2.50% APR* 60 months at 3.50% APR* 120 months at 4.50% APR*

First Mortgage Rates

The interest rate, APR's, and points shown are subject to change without notice. The payment shown includes principal and interest only and do not include amounts for taxes and insurance premiums, if applicable. Your actual payment obligation may be higher when an escrow account is required and is established for taxes and insurance. The maximum loan to value is 97% of appraised value or sale price, whichever is less. When refinancing, the maximum loan to value is 80% if you take cash out.

Payment estimates are based on an owner-occupied loan in the amount of $100,000 with an LTV of 80%. Closing fees include appraisal and may vary depending on the county where the dwelling is located. Closing fees do not include prepaid interest or escrow reserves.

	Term	Interest Rate	APR* As Low As	Closing Fees	Payment
Apply now for a first mortgage Apply for a Refinance	10 Year Fixed	6.000%	6.335%	$3,303.00	$1,110.21
	15 Year Fixed	6.125%	6.362%	$3,303.00	$850.62
	20 Year Fixed	6.750%	6.944%	$3,303.00	$760.36
	30 Year Fixed	7.000%	7.150%	$3,303.00	$665.30

The interest rates, APR's, and points shown above are subject to change at any time, without notice. The payment shown includes principal and interest only and do not include amounts for taxes and insurance premiums, if applicable. Your actual payment obligation may be higher when an escrow account is required and is established for taxes and insurance. The maximum loan to value is 97% of appraised value or sale price, whichever is less. When refinancing, the maximum loan to value is 80% if you take cash out.

Payment estimates below are based on an owner occupied loan in the amount of $100,000 with a LTV of 80%. Closing fees include appraisal and may vary depending on the county where the dwelling is located. Closing fees do not include prepaid interest or escrow reserves.

Second Mortgage Rates

The interest rate and APR's shown are subject to change without notice. The payment shown includes principal and interest only. Closing Fees include appraisal fee, if necessary. The maximum loan to value is 100% of appraised value**. The maximum loan amount is $250,000. Read additional disclosure information. Payment estimates are based on a loan in the amount of $100,000 and a LTV of 100%.

	Term	Interest Rate	APR* As Low As	Closing Fees	Payment
Apply for a 2nd Mortgage	60 Months	6.750%	7.276%	$1,164.72	$1,968.35
	84 Months	7.250%	7.639%	$1,164.72	$1,521.52
	120 Months	7.250%	7.534%	$1,164.72	$1,174.01
	180 Months	7.750%	7.956%	$1,164.72	$941.28
	240 Months	8.250%	8.421%	$1,164.72	$852.07

The interest rates and APR's displayed above are subject to change at any time, without notice. The payment shown above includes only principal and interest. Closing fees include appraisal fee, if necessary. The maximum loan to value is 100% of appraised value**. The maximum loan amount is $150,000. Payment estimates are based on a loan amount of $100,000 and a LTV of 100%.

Lot Loan Rates

The interest rate and APR's shown are subject to change without notice. The payment shown includes principal and interest only. The maximum loan to value is 70% of appraised value**. The maximum loan amount is $200,000. Read additional disclosure information. Payment estimates are based on a loan in the amount of $100,000 and a LTV of 70%.

	Loan Amount	Interest Rate	APR* As Low As	Payment
Apply for a Lot Loan	$100,000.00	10.250%	10.481%	$1335.39

Home Equity Loan Programs

The interest rate and APR's shown are subject to change without notice. The payment shown includes principal and interest only. Closing Fees required only if an appraisal of your home is required. Appraisal fee is paid up front. The maximum loan amount is $250,000. Read additional disclosure information.

Payment estimates are based on a loan in the amount $50,000. The rate you pay will be based on your credit history. If your risk profile puts you in a higher risk category your rate may be higher.

The index used to determine the APR is the Prime Rate published in the Money Rates column of the Wall Street Journal.

Home Equity Line of Credit Fixed Rate- Up to 100% LTV

	Term	Interest Rate	APR* as low as	Closing Fees	Payment
Standard	Up to 10 Years	7.125%	7.125%	None unless appraisal required	$993.01	Apply now for a Standard HELOC
Extended	Up to 15 Years	7.750%	7.750%	None unless appraisal required	$600.05	Apply now for an Extended HELOC

Home Equity Line of Credit Variable Rate - Up to 80% LTV

	Term	Interest Rate	APR* as low as	Closing Fees	Payment
Standard	15 Years	8.000%	8.000%	None unless appraisal required	$1013.82	Apply now for a Standard Variable Rate HELOC
Extended	20 Years	8.250%	8.250%	None unless appraisal required	$613.26	Apply now for an Extended Variable Rate HELOC

Our Home Equity Loan interest rates and APR's shown above are subject to change at any time, without notice. The payment displayed includes only principal and interest. Closing fees include estimated appraisal fee, if required, documentary stamps, along with recording fees. The maximum loan amount is $250,000. Loan amounts over $150,000 require an appraisal.

Payment estimates above are based on a loan in the amount of $50,000. Any appraisal fee is paid directly to the appraisal company by you outside of closing. The rate you will pay is based on your credit history. If your risk profile puts you in a higher risk category, your rate may be higher. The index used to determine APR is the Prime Rate, which is published in the Money Rates column of the Wall Street Journal.

Maximum APR for a HELOC is 18%.

The below accounts are variable rate accounts, and subject to change at any time, without notice. Fees may reduce earnings. Dividends will be compounded monthly and credited on the last day of the month.

Savings & Business Savings

Tier Balance	Prospective Dividend Rate	Prospective APY**
$5-$199.99***	.05%	.05%
$200-$2,499.99	.05%	.05%
$2,500-$9,999.99	.10%	.10%
$10,000-24,999.99	.15%	.15%
$25,000-$49,999.99	.20%	.20%
$50,000-$99,999.99	.25%	.25%
$100,000 & Up	.30%	.30%

First Time Homebuyers Savings

Prospective Dividend Rate	Prospective APY**
.30%	.30%

Money Market & Business Money Market

Tier Balance	Prospective Dividend Rate	Prospective APY**
$2,500.00 - $9,999.99	1.05%	1.06%
$10,000.00 - $24,999.99	1.25%	1.26%
$25,000.00 - $49,999.99	1.25%	1.26%
$50,000.00 - $99,999.99	1.30%	1.31%
$100,000.00 - $249,999.99	1.50%	1.51%
$250,000.00 +	1.65%	1.66%

Elite Checking, Business Elite Checking, Business Premier Checking & Business Checking Non-Profit

Balance Required to Earn APY**	Prospective Dividend Rate	Prospective APY**
$1,000.00 & Up	.10%	.10%

Holiday Account****

Prospective Dividend Rate	Prospective APY**
.30%	.30%

IRA Accounts (Declared)

Declared Dividend Rate	Declared APY**
.75%	.75%

Share Certificates & Business Share Certificates****

The dividend rate and annual percentage yield (APY) below are fixed and in effect for the term of the certificate. Dividends will be compounded monthly and credited on the last day of the month.

Available for Certificates, Business Share Certificates, IRA Certificates and Roth Certificates.

Term	Minimum Balance	Dividend Rate	APY**
3 Month	$1,000.00	4.65%	4.75%
6 Month	$1,000.00	4.70%	4.80%
12 Month	$1,000.00	4.89%	5.00%
18 Month	$1,000.00	3.93%	4.00%
24 Month	$1,000.00	3.98%	4.05%
30 Month	$1,000.00	3.45%	3.51%
60 Month	$1,000.00	3.25%	3.30%

BUMP Share Certificates******

The dividend rate and annual percentage yield (APY) below are variable. Dividends will be compounded monthly and credited on the last day of the month.

Existing certificates only - no new accounts offered.

Term	Minimum Balance	Dividend Rate	APY**
26 Month BUMP	$1,000.00	3.98%	4.05%
36 Month BUMP	$1,000.00	3.06%	3.10%

Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).

APR=Annual Percentage Rate. The rate you pay will be based on your credit history and term. If your risk profile puts you in a higher risk category, your rate may be higher. Rates shown are subject to change without notice. Rate and term affected by credit history and amount financed. Your APR will vary based on your final loan amount and finance charges. Certain terms may not be available for all risk categories.

(Auto loan payment example: monthly payments on a loan with a term of 48 months at 6.25% APR would be approximately $23.60 per $1,000 borrowed).

(Boat/RV loan payment example: monthly payments on a loan with a term of 240 months at 10.75% APR would be approximately $10.16 per $1,000 borrowed).

(Personal loan payment example: monthly payments on a loan with a term of 36 months at 10.50% APR would be approximately $45.73 per $1,000 borrowed).

"APY" means "annual percentage yield". For interest-bearing accounts and dividend-bearing term share accounts, the period of time the annual percentage yield will be offered, or a statement that the annual percentage yield is accurate as of a specified date. For dividend-bearing accounts other than term share accounts, a statement that the annual percentage yield is accurate as of the last dividend declaration date.

***

Minor Accounts only.

****

Penalties may be imposed for early withdrawal. The rates advertised are subject to change at any time. The minimum deposit required to open is $1,000. The minimum average daily balance to earn APY (Annual Percentage Yield) is $1,000. The APY is based on the assumption that dividends will remain in the Certificate account until maturity. A penalty may be imposed for early withdrawal. Fees may reduce earnings.

*****

The 3.90% introductory APR for purchases and balance transfers will apply to transactions posted during the first 60 days following issuance of your card. The 3.90% introductory APR will be in effect for six billing cycles from the date of your first purchase or balance transfer. After the introductory period your APR will be 8.90% to 17.50% (Platinum VISA^®) or 10.90% to 17.50% (REWARDS Platinum VISA^®) based on your creditworthiness.

******

The Bump Share Certificate offer does not apply to existing certificates. Terms include 26-month and 36-month Bump Share Certificates. During the term of this certificate, the certificate owner has the option to initiate a one-time bump. The certificate owner can request a bump in person and by phone, email, mail, live chat, or digital banking message. A minimum of 30 days must pass from the beginning of the term to be eligible for the bump. The dividend rate in effect on the date of adjustment for the certificate term and tier will be the dividend rate in effect for the remainder of the term. This offer and details, including the stated APY, are accurate as of 06/26/2023. Rates and details are subject to change at any time. The APY is based on the assumption that interest will remain in the CD account until maturity. A penalty may be imposed for early withdrawal. Fees may reduce earnings.

Rates and Dividends