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Employer Identification Number 59-1030268

LAUNCH CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:LAUNCH CREDIT UNION
Employer identification number (EIN):59-1030268
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration LAUNCH CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationFLorida, FL

Organization Overview

Mission StatementTHE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. WE PROVIDE FINANCIAL SERVICES TO THE COMMUNITIES WE SERVE. WE OFFER FINANCIAL PRODUCTS AND SERVICES OUR MEMBERS NEED AND WANT WITH LOWER FEES. WE OFFER LOAN PRODUCTS OUR MEMBERS CAN AFFORD AND HELP BETTER THEM FINANCIALLY.
Number of Employees378
Number of Volunteers15
Year Formed1963

Organization Governance

Legal DomicileFL
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 2,141,665
Net unrelated business incomeUSD $ 59,162
Program Service Revenue from prior yearUSD $ 56,776,163
Program Service Revenue from current yearUSD $ 60,295,047
Investment Income from prior yearUSD $ 6,256,571
Investment Income from current yearUSD $ 9,659,257
Other Revenue from prior yearUSD $ 15,081,914
Other Revenue from current yearUSD $ 15,263,860
Gross receipts from all sourcesUSD $ 85,220,506
Net assets / fund balances at end of fiscal yearUSD $ 124,444,211
Net assets / fund balances at beginning of fiscal yearUSD $ 119,627,132
Total liabilities at end of fiscal yearUSD $ 1,270,747,535
Total liabilities at beginning of fiscal yearUSD $ 1,265,604,021
Total assets at end of fiscal yearUSD $ 1,395,191,746
Total assets at beginning of fiscal yearUSD $ 1,385,231,153
Revenues less expenses for current yearUSD $ 4,756,990
Revenues less expenses for previous yearUSD $ 6,492,621
Total expenses for current yearUSD $ 80,461,174
Total expenses for previous yearUSD $ 71,622,027
Other expenses in current yearUSD $ 49,994,769
Other expenses in previous yearUSD $ 42,813,644
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 30,219,137
Employee salary and benefits paid in previous yearUSD $ 28,577,580
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 247,268
Grants and similar amounts paid in previous yearUSD $ 230,803
Total revenue in current fiscal yearUSD $ 85,218,164
Total revenue in previous fiscal yearUSD $ 78,114,648
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 15,263,860
2022-12-31
Total unrelated business incomeUSD $ 1,080,419
Net unrelated business incomeUSD $ 247,222
Program Service Revenue from prior yearUSD $ 34,837,622
Program Service Revenue from current yearUSD $ 44,915,282
Investment Income from prior yearUSD $ 575,195
Investment Income from current yearUSD $ 1,804,176
Other Revenue from prior yearUSD $ 14,542,451
Other Revenue from current yearUSD $ 15,307,318
Gross receipts from all sourcesUSD $ 62,034,621
Net assets / fund balances at end of fiscal yearUSD $ 114,235,016
Net assets / fund balances at beginning of fiscal yearUSD $ 107,855,917
Total liabilities at end of fiscal yearUSD $ 1,260,300,687
Total liabilities at beginning of fiscal yearUSD $ 963,783,540
Total assets at end of fiscal yearUSD $ 1,374,535,703
Total assets at beginning of fiscal yearUSD $ 1,071,639,457
Revenues less expenses for current yearUSD $ 6,655,175
Revenues less expenses for previous yearUSD $ 5,528,721
Total expenses for current yearUSD $ 55,371,601
Total expenses for previous yearUSD $ 44,426,547
Other expenses in current yearUSD $ 30,539,579
Other expenses in previous yearUSD $ 23,346,666
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 24,679,658
Employee salary and benefits paid in previous yearUSD $ 20,986,135
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 152,364
Grants and similar amounts paid in previous yearUSD $ 93,746
Total revenue in current fiscal yearUSD $ 62,026,776
Total revenue in previous fiscal yearUSD $ 49,955,268
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 15,307,318
2021-12-31
Total unrelated business incomeUSD $ 57,117
Net unrelated business incomeUSD $ 27,807
Program Service Revenue from prior yearUSD $ 12,846,047
Program Service Revenue from current yearUSD $ 34,837,622
Investment Income from prior yearUSD $ 841,356
Investment Income from current yearUSD $ 575,195
Other Revenue from prior yearUSD $ 4,654,923
Other Revenue from current yearUSD $ 14,542,451
Gross receipts from all sourcesUSD $ 62,242,439
Net assets / fund balances at end of fiscal yearUSD $ 107,855,917
Net assets / fund balances at beginning of fiscal yearUSD $ 102,418,907
Total liabilities at end of fiscal yearUSD $ 963,783,540
Total liabilities at beginning of fiscal yearUSD $ 821,862,609
Total assets at end of fiscal yearUSD $ 1,071,639,457
Total assets at beginning of fiscal yearUSD $ 924,281,516
Revenues less expenses for current yearUSD $ 5,528,721
Revenues less expenses for previous yearUSD $ 876,995
Total expenses for current yearUSD $ 44,426,547
Total expenses for previous yearUSD $ 17,465,331
Other expenses in current yearUSD $ 23,346,666
Other expenses in previous yearUSD $ 9,370,466
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 20,986,135
Employee salary and benefits paid in previous yearUSD $ 8,073,716
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 93,746
Grants and similar amounts paid in previous yearUSD $ 21,149
Total revenue in current fiscal yearUSD $ 49,955,268
Total revenue in previous fiscal yearUSD $ 18,342,326
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 14,542,451

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 591030268

USA Mailing Address
300 S. PLUMOSA ST.
MERRITT ISLAND
FL
329523526
Date first seen: 2011-03-01
Date last seen: 2019-03-01
USA Mailing Address
300 SOUTH PLUMOSA STREET
MERRITT ISLAND
FL
32952
Date first seen: 2008-06-01
Date last seen: 2026-04-10

The following addresses have been found in other jurisdictions:

Jurisdiction:Florida Department of State Division of Corporations
Address:
300 S PLUMOSA STREET
MERRITT ISLAND
32952
Jurisdiction Company ID:
Jurisdiction Registration Date:2017-01-09
Jurisdiction:Florida Department of State Division of Corporations
Address:
300 S PLUMOSA STREET
MERRITT ISLAND
FL
32952
Jurisdiction Company ID:
Jurisdiction Registration Date:2017-01-09

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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