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EIN 59-1030268

Launch Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
354
City
Merritt Island
State
Florida
Year formed
1963
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Launch CU promotes thrift, provides credit & lending products, and serves members in FL's Brevard, Volusia, Orange, Seminole, Flagler, and Osceola Counties.
Total revenues
$78,114,648
2023
Total expenses
$71,622,027
2023
Total assets
$1,385,231,153
2023
Num. employees
354
2023

Program areas at Launch Credit Union

In our efforts to promote thrift among our members, the Credit Union provides competitive savings products, which include savings, checking, certificate of deposit accounts as well as ira savings and certificate of deposit accounts.
To meet the financial needs of our members, the Credit Union provides a source of Credit by offering a variety of consumer and mortgage lending products at reasonable rates of interest.

Grants made by Launch Credit Union

GranteeGrant descriptionAmount
Go Beyond FoundationContinued Support of Foundation$131,925
Attn Shimene Shepard Executive DSchool/Class-Room Funding Assistance$6,000

Personnel at Launch Credit Union

NameTitleCompensation
Joe MirachiPresident and Chief Executive Officer
Gary LevarExecutive Vice President and Chief Operating Officer$255,397
Kevin LebeauChief Financial Officer$246,116
Mark BrewerEnior Vice President and Chief Information Officer$240,469
Jane SchroppSenior Vice President and Chief Administrative Officer$214,442
...and 5 more key personnel

Financials for Launch Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$56,776,163
Investment income and dividends$6,251,492
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$5,079
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15,081,914
Total revenues$78,114,648

Form 990s for Launch Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-07990View PDF
2021-122022-09-22990View PDF

Organizations like Launch Credit Union

OrganizationLocationRevenue
Neighbors Credit UnionSaint Louis, MO$29,916,201
People's Credit UnionMiddletown, RI$30,263,370
Westerly Community Credit UnionWakefield, RI$22,886,086
Cooperativa de Ahorro Y Credito Vega AltaPuerto Rico, $22,056,887
Qing Lu CFOLake Mary, FL$126,516,804
Rogue Credit UnionMedford, OR$141,160,770
Numark Credit UnionJoliet, IL$46,732,952
Consumers Credit UnionLake Forest, IL$231,475,402
Gulf Winds Credit UnionPensacola, FL$51,125,321
Vantage Credit UnionSt Charles, MO$67,396,022
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Updated personnel
Identified 4 new personnel
December 25, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
September 5, 2023
Updated personnel
Identified 4 new personnel
July 13, 2023
Used new vendors
Identified 11 new vendors, including , , , , , , , , , , and
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
300 S Plumosa St
Merritt Island, FL 32952
Metro area
Palm Bay-Melbourne-Titusville, FL
County
Brevard County, FL
Website URL
launchcu.com/ 
Phone
(321) 455-9400
IRS details
EIN
59-1030268
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1963
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Central organization
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