The Launch Credit Union is a home equity line of credit from Launch Credit Union. The ongoing APR is 6.500% APR* Standard Term or 7.125% Extended Term*. Typical credit limit: $10,000 to $500,000 (minimum initial draw = $5,000). Loan terms: Standard term 5- year draw, 5 year repayment (10 year total term) or Extended Term 5 year draw, 10 year repayment (15 year total term).