Interest Rate Caps

The National Credit Union Association (NCUA) prohibits federal credit unions from charging interest rates higher than 18%. Big banks don’t have these same restrictions, and they often charge interest rates of more than 30%! Having a credit card with a higher interest rate can cause debt to pile up quickly, so a credit union credit card could save you thousands of dollars a year.

Lower Fees

According to Forbes, a Pew study found that credit unions have lower fees and penalties for their credit card customers than big banks. Our Launch CU credit card has no annual fee*, no application fee*,  no balance transfer fee*, and no cash advance fee.*

Credit Unions Are Member-Owned

Like all credit unions, Launch CU is owned by our members. This means we do not have the same pressures as Wall Street banks to maximize revenue to please investors. Simply put, everything we do is for our members, and the profits we receive go back to credit union members in the form of lower rates and higher dividends.

Better Service

Since credit unions are smaller than the big banks, they tend to be more community-focused. Credit unions typically offer a more personalized banking experience for members.

At Launch CU, our focus in on our members. This will not change, no matter how much we grow. It is our mission to provide our members with affordable loan products to help them achieve their life goals, and save more while doing so.