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 tax deductible.
Heare 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?
Launch Credit Union's revenue in 2022 was $62,026,776.
Official website here: www.launchcu.com
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):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $246,116
- Related: $0
- Other: $49,729
- Compensation: $499,727
- Related: $0
- Other: $76,222
- Compensation: $255,397
- Related: $0
- Other: $19,560
- Compensation: $240,469
- Related: $0
- Other: $30,716
- Compensation: $214,442
- Related: $0
- Other: $25,414
- Compensation: $129,273
- Related: $0
- Other: $13,919
- Compensation: $133,806
- Related: $0
- Other: $21,295
- Compensation: $168,341
- Related: $0
- Other: $18,313
- Compensation: $148,489
- Related: $0
- Other: $29,569
- Compensation: $129,812
- Related: $0
- Other: $14,262
Official website here: www.launchcu.com
Where can I find the form 990 for Launch Credit Union?
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.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Launch Credit Union plays a significant role in promoting financial well-being among its members and the communities it serves. With a focus on promoting thrift, it provides access to a variety of competitive savings products, including savings and checking accounts, certificates of deposit, and IRA options. This empowers over 80,000 members across Brevard, Volusia, Orange, Seminole, Flagler, and Osceola counties in Florida to manage their finances effectively.
The credit union also offers affordable loan products designed to meet the needs of its members, allowing them to access credit at legitimate interest rates. By minimizing fees associated with financial services, Launch Credit Union ensures that members can utilize the products they need without unnecessary financial strain.
Additionally, by fostering a culture of thrift and financial responsibility, Launch Credit Union contributes to the overall economic health of its communities, helping individuals and families achieve their financial goals and build a more secure future.
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.
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.
- Investment Income: $1,804,176
- Program Service Revenue: $44,915,282
- Gross Receipts: $62,034,621
Assets and Liabilities:
- Total Assets: $1,374,535,703
- Total Liabilities: $1,260,300,687
- Net Assets: $114,235,016
Want to help this charity, for free? You can click here to learn more about Give Freely
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) 455-9400Principal Officer
Kevin Lebeau
Main Address
300 S PLUMOSA ST, MERRITT ISLAND, FL, 32952
Website
www.launchcu.comNTEE 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.