Sep, 30, 2025 — LAUNCH CREDIT UNION is a federally insured state chartered credit union headquartered in MERRITT ISLAND, FL with 19 branch locations and about $1.43 billion in total assets. Opened 63 years ago in 1963, LAUNCH CREDIT UNION has about 86,176 members and employs 315 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAUNCH CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 S Plumosa St MERRITT ISLAND, FL 32952 |
| Phone: | (321) 455-9400 |
| Fax: | (321) 452-7007 |
| Website: | https://www.launchcu.com |
| Branches: | 19 branch locations |
| Members: | 86,176 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68716 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,425,707,611 |
| CEO/Manager: | Joseph Mirachi |
| Chairperson: | Hollimarie Montijo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 187,280,330 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 723,475,924 |
| Unsecured Loans | 117,699,259 |
| Other Loans | 242,054,737 |
| TOTAL LOANS | 1,083,229,920 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,644,783 |
| Land And Building | 27,605,306 |
| Other Fixed Assets | 7,690,719 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,874,153 |
| All Other Assets | 188,614 |
| TOTAL ASSETS | 1,425,707,611 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 16,747,747 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 243,908,565 |
| Regular shares | 438,437,112 |
| All Other Shares & Deposits | 497,198,693 |
| TOTAL SHARES & DEPOSITS | 1,179,544,371 |
| TOTAL LIABILITIES | 1,296,363,034 |
| Regular Reserve | 0 |
| Other Reserves | 49,949 |
| Undivided Earnings | 129,294,628 |
| TOTAL EQUITY | 129,344,577 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,425,707,611 |
| INCOME & EXPENSE | |
| Loan Income | 45,890,906 |
| Investment Income | 11,197,035 |
| Other Income | 6,728,958 |
| Total Employee Compensation & Benefits | 25,431,548 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 20,437,888 |
| Non-operating Income & (Expense) | -280,011 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,032,497 |
| Cost of Funds | 14,999,797 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,768,670 |
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