App Store Google Play
Launch will be closed Mon., Nov 11th for Veterans Day   Learn More
Digital Banking Login
Routing #: 263179532
Contact
Digital Banking Login
Open An Account
Book an Appointment
Promotions
Rates
Apply
Make a payment
Skip a payment
May 9, 2023
Print Page A- A+

What are NCUA and CDFI?

Launch Credit Union is NCUA and CDFI certified to protect members’ finances and spark growth in the community.

What is NCUA?

The National Credit Union Administration (NCUA) insures deposits at federally insured credit unions, protects the owners and charters, and regulates federal credit unions. The federal agency was established by the U.S. Congress in 1970 to protect the safety of credit unions. The NCUA has three Board of Director members, appointed by the president, and confirmed by the Senate. They are responsible for setting policies, approving budgets, and adopting rules. 

NCUA
Person relaxing in a chair

What does this mean for our members?

The NCUA ensures that our members’ savings are federally insured to at least $250,000 and backed by the United States Government. If a credit union collapses, the NCUA becomes responsible for managing and closing the institution. Banking with a credit union can give you peace of mind knowing your finances are safe. 

What is CDFI?

The Community Development Financial Institutions Fund (CDFI) is in place to help bring economic growth and opportunity to communities in need. Financial institutions registered with CDFI aim to provide financial services for low-income individuals. A CDFI can help finance mortgage lending for first-time home buyers, commercial loans for businesses in low-income areas, allow flexible underwriting for community facilities, and more. 

CDFI Seal
Helping families with financial trouble

What does this mean for our members?

Launch Credit Union is proud to be CDFI certified. This program will give us more funding to serve our community and help our members go beyond! We look forward to using CDFI to help start businesses to create more jobs, help families buy or renovate homes, and contribute to other investments that grow our community.

Related Posts

February 22, 2024
Smart Ways to Use Your Tax Refund If you're expecting a tax refund this year, consider smart ways to use your tax refund so you can set yourself up for financial success.
Continue reading Smart Ways to Use Your Tax Refund
January 26, 2024
Watch Out for These Valentine’s Day Scams As Valentine's Day approaches, so does the number of online scams. We dive into the common scams you should look out for in February.
Continue reading Watch Out for These Valentine’s Day Scams
December 26, 2023
Goal Setting Strategies For the New Year Whether your goal is personal development, career advancement, or a healthier lifestyle, effective goal setting is the key to success.
Continue reading Goal Setting Strategies For the New Year
Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).
Back to top