Overview
What is Launch Credit Union?
Launch Credit Union, based in Merritt Island, Florida, is a thriving nonprofit organization with a mission to encourage saving among its members and provide them with legitimate sources of credit. With a commitment to financial services, the credit union offers a range of savings and checking accounts, as well as certificate of deposit accounts and IRA savings plans. The organization serves communities in Brevard, Volusia, Orange, Seminole, Flagler, and Osceola Counties in Florida, boasting a membership base of over 80,000 individuals. By offering competitive financial products and services with lower fees, Launch Credit Union helps improve the financial well-being of its members. The organization employs a team of 365 dedicated professionals to serve its members' needs.
Official website here: www.launchcu.com
Is Launch Credit Union legitimate?
Launch Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Launch Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,657,793
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,847,078
For more financial information, click here
Official website here: www.launchcu.com
What is the mission statement of Launch Credit Union?
The Launch Credit Union is dedicated to encouraging savings among its members and providing them with affordable credit options. The credit union serves a large membership base, with over 80,000 members. In pursuit of promoting thrift, the credit union offers a range of savings products, including savings, checking, certificate of deposit accounts, and IRA savings. The credit union's mission is to help its members improve their finances by providing them with financial services and competitive savings products. The credit union's offerings enable its members to afford loan products and save for their financial future.
Official website here: www.launchcu.com
Who is the CEO of Launch Credit Union?
Kevin Lebeau is the Secretary of Launch Credit Union. The CEO's salary of Launch Credit Union is $499,727 and their total compensation is $575,949.
Official website here: www.launchcu.com
What is the revenue of Launch Credit Union?
Who are the executives of Launch Credit Union and what are their salaries?
The average compensation at Launch Credit Union during 2022 was $50,698. There are 365 employees and 14 volunteers at Launch Credit Union.
Here are 24 key members and their salaries (Launch Credit Union's CEO's salary is $499,727 and their total compensation is $575,949):
- Joseph Mirachi (President & Ceo)
- Kevin Lebeau (Evp Cfo)
- Gary Levar (Evp Coo)
- Mark Brewer (Svp Cio)
- Jane Schropp (Svp Hr)
- Michael D'Acquisto (Avp Core Application Services)
- Angelo Crosby (Vp Project Management Office)
- Lourdes Camacho (Vp Audit)
- Carolyn Morton (Vp Retail Branch Operation)
- Kelly Haskins (Vp Marketing)
- Marilyn Cherubini (Secretary) [Trustee/Director]
- Dominic Morgese (Director)
- Percy Cohrs (Chair) [Trustee/Director]
- Hollimarie Montijo (Vice Chair) [Trustee/Director]
- Dan Sicchio (Director)
- Eric Ostarly (Treasurer) [Trustee/Director]
- Linda South (Director)
- Dr Kevin Reed (Associate Board Member) [Trustee/Director]
- Connie Morice (Chair Audit Committee) [Trustee/Director]
- Michael Cadore (Associate Board Member) [Trustee/Director]
- Chris Walden (Associate Board Member) [Trustee/Director]
- Chuck Jenkins (Director)
- Doris Punderson (V - Chair Audit) [Trustee/Director]
- Stuart Dawley (Associate Board Member) [Trustee/Director]
Official website here: www.launchcu.com
Where can I find the form 990 for Launch Credit Union?
The Launch Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.launchcu.com
Learn more at the official website: www.launchcu.com
Mission Statement of Launch Credit Union
Launch Credit Union, with a mission to foster thrift among its members, acts as a reliable source of credit at reasonable interest rates. The credit union's primary goal is to serve its community by providing essential financial services and affordable financial products. With over 80,000 members in Florida, the credit union caters to the financial needs of its vast membership base.
Through its commitment to promoting thrift, Launch Credit Union offers a range of competitive savings products. These include savings, checking, certificate of deposit accounts, and even IRA savings and certificate of deposit accounts. By providing such savings options, the credit union encourages its members to save and build financial security. The credit union's financial services not only cater to the present needs of its members but also help them plan for their future.
In summary, Launch Credit Union stands as a reputable financial institution dedicated to its members. Its mission to encourage thrift and provide access to affordable credit has made it an invaluable resource for the communities it serves. By offering a variety of savings products and financial services, the credit union empowers its members to take control of their finances and secure a better financial future.
Impact
This information is meant to be a general summary of Launch Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Launch Credit Union's impact is evident in its mission to promote thrift among its members and provide them with a reliable source of credit at legitimate interest rates. By offering a range of financial products and services tailored to the needs of its community, including savings accounts, checking accounts, and affordable loan products, Launch Credit Union plays a crucial role in improving the financial well-being of its over 80,000 members across several counties in Florida. Their focus on lower fees and accessible financial services demonstrates a commitment to helping members manage their finances effectively and achieve their financial goals.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$44,915,282
Organization Details
Founding Year
1963
Phone
(321) 455-9400
Principal Officer
Kevin Lebeau
Main Address
300 S PLUMOSA ST, MERRITT ISLAND, FL, 32952
Website
www.launchcu.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Launch Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.