LAUNCH CREDIT UNION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: LAUNCH CREDIT UNION (EIN 59-1030268)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202423199349304622
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T10:16:31-06:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	454084437	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WARREN AVERETT LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	350 W CEDAR STREET SUITE 400	AddressLine1Txt
City	PENSACOLA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32502	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	591030268	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAUNCH CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LAUN	BusinessNameControlTxt
Phone	3214559400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 S PLUMOSA ST	AddressLine1Txt
City	MERRITT ISLAND	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32952	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEVIN LEBEAU	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	3214559400	PhoneNum
Signature	2024-11-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CLAIRE C DUREN CPA	PreparerPersonNm
PTIN	P01577924	PTIN
Phone	8504357400	PhoneNum
Preparation	2024-11-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	KEVIN LEBEAU	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 S PLUMOSA ST	AddressLine1Txt
City	MERRITT ISLAND	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32952	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$78,124,930	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HTTP://LAUNCHCU.COM	WebsiteAddressTxt
Type Of Organization Other	Yes (X)	TypeOfOrganizationOtherInd
Other Organization Dsc	STATE-CHARTERED CREDIT UNION	OtherOrganizationDsc
Formation	1963	FormationYr
Legal Domicile State	FL	LegalDomicileStateCd
Activity Or Mission	THE 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.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	354	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$2,097,689	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$40,560	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$44,915,282	PYProgramServiceRevenueAmt
CY Program Service Revenue	$56,776,163	CYProgramServiceRevenueAmt
PY Investment Income	$1,804,176	PYInvestmentIncomeAmt
CY Investment Income	$6,256,571	CYInvestmentIncomeAmt
PY Other Revenue	$15,307,318	PYOtherRevenueAmt
CY Other Revenue	$15,081,914	CYOtherRevenueAmt
PY Total Revenue	$62,026,776	PYTotalRevenueAmt
CY Total Revenue	$78,114,648	CYTotalRevenueAmt
PY Grants And Similar Paid	$152,364	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$230,803	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$24,679,658	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$28,577,580	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$30,539,579	PYOtherExpensesAmt
CY Other Expenses	$42,813,644	CYOtherExpensesAmt
PY Total Expenses	$55,371,601	PYTotalExpensesAmt
CY Total Expenses	$71,622,027	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,655,175	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,492,621	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,374,535,703	TotalAssetsBOYAmt
Total Assets EOY	$1,385,231,153	TotalAssetsEOYAmt
Total Liabilities BOY	$1,260,300,687	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,265,604,021	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$114,235,016	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$119,627,132	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN BREVARD, VOLUSIA, ORANGE, SEMINOLE, FLAGLER, AND OSCEOLA COUNTIES IN FLORIDA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 80,000 MEMBERS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	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.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	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.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	20090	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	354	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	0	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	Yes (1)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (1)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	KEVIN LEBEAU CFO	PersonNm
Phone	3214559400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 S PLUMOSA ST	AddressLine1Txt
City	MERRITT ISLAND	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32952	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
STUART DAWLEY
ASSOCIATE BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
DORIS PUNDERSON
V - CHAIR AUDIT	1.00	Yes (X)	$0	$0	$0
CHUCK JENKINS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
CHRIS WALDEN
ASSOCIATE BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MICHAEL CADORE
ASSOCIATE BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
CONNIE MORICE
DIRECTOR/AUDIT CHAIR	1.00	Yes (X)	$0	$0	$0
DR KEVIN REED
ASSOCIATE BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
LINDA SOUTH
SECRETARY	1.00	Yes (X)	$0	$0	$0
ERIC OSTARLY
TREASURER	1.00	Yes (X)	$0	$0	$0
DAN SICCHIO
DIRECTOR/AUDIT CHAIR	1.00	Yes (X)	$0	$0	$0
PERCY COHRS
CHAIR	1.00	Yes (X)	$0	$0	$0
DOMINIC MORGESE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
MARILYN CHERUBINI
DIRECTOR	1.00	Yes (X)	$0	$0	$0
HOLLIMARIE MONTIJO
VICE CHAIR	1.00	Yes (X)	$0	$0	$0
DOROTHY BOURLIER
AUDIT CHAIR	1.00	Yes (X)	$0	$0	$0
KEVIN LEBEAU
EVP CFO	40.00		$265,070	$0	$61,529	Yes (X)
MARK BREWER
SVP CIO	40.00		$272,326	$0	$34,517	Yes (X)
JANE SCHROPP
SVP CAO	40.00		$243,487	$0	$26,591	Yes (X)
GARY LEVAR
EVP COO	40.00		$283,303	$0	$21,213	Yes (X)
JOSEPH MIRACHI
PRESIDENT & CEO	40.00		$592,202	$0	$133,746	Yes (X)
ANGELA CROSBY
VP PROJECT MANAGEMENT OFFI	40.00		$167,885	$0	$30,278		Yes (X)
MICAH FLUHARTY
CORE SYSTEM PROGRAMMING MANAGER	40.00		$154,689	$0	$29,508		Yes (X)
MICHAEL D'ACQUISTO
AVP CORE APPLICATION SERVI	40.00		$174,693	$0	$22,767		Yes (X)
LOURDES CAMACHO
VP AUDIT	40.00		$143,007	$0	$21,775		Yes (X)
KELLY HASKINS
VP MARKETING	40.00		$138,902	$0	$14,557		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,435,564	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$396,481	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	29	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
MEMBER BUSINESS FINANCIAL SERVICES LLC
2655 INTERPLEX DRIVE SUITE 104	TREVOSE	PA	19053	COMMERCIAL LOAN SERVICER	$1,768,474
ALKAMI TECHNOLOGY
5601 GRANITE PARKWAY SUITE 120	PLANO	TX	75024	ONLINE BANKING PLATFORM	$1,049,833
CATHEDRAL CORPORATION
1500 TRADEPORT DRIVE SUITE B	ORLANDO	FL	32824	FORMS/PRINTING SERVICES	$625,679
RHODES BUILDING CO LLC
2009 LONGWOOD LAKE MARY RD SUITE 1	LONGWOOD	FL	32750	CONSTRUCTION & BUILDING	$559,923
MILLENNIAL VISION INC
4578 HIGHLAND DR STE A-150	SALT LAKE CITY	UT	84117	CHECK/DOCUMENT PROCESSOR	$469,069

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	26	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	INTEREST ON LOANS	Desc
Business	522100	BusinessCd
Total Revenue Column	$56,776,163	TotalRevenueColumnAmt
Related Or Exempt Func Income	$56,776,163	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$56,776,163	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,251,492	TotalRevenueColumnAmt
Exclusion	$6,251,492	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$15,361	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$10,282	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$5,079	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,079	TotalRevenueColumnAmt
Exclusion	$5,079	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
FEES AND SERVICE CHARGES	522100	$13,173,623	$13,173,623
INCOME FROM CUSO INVESTMENTS	522100	$2,027,423		$2,027,423
OTHER GAIN	522100	$162,763	$162,763

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$281,895	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$352,161	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$70,266	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$15,081,914	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$78,114,648	TotalRevenueColumnAmt
Related Or Exempt Func Income	$69,760,388	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$2,097,689	UnrelatedBusinessRevenueAmt
Exclusion	$6,256,571	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$230,803	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,933,984	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$19,139,205	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$611,501	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,247,888	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,645,002	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$184,829	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$252,220	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$766,998	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$1,189,073	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,798,119	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$4,396,582	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,016,496	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$558,742	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$9,506,826	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$4,192,068	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$445,168	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
FEDERAL AND STATE OPERA	$103,351
PROVISION FOR LOAN LOSS	$5,754,057
INTEREST ON BORROWED MO	$4,800,914
ATM AND DEBIT CARD EXPE	$2,767,016

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,081,185	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$71,622,027	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$8,497,812	BOYAmt
EOY	$8,073,999	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$145,410,980	BOYAmt
EOY	$131,622,491	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$17,995	BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$1,096,225,578	BOYAmt
EOY	$1,118,749,285	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,115,753	BOYAmt
EOY	$2,111,379	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$66,435,279	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$31,205,318	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$37,479,194	BOYAmt
EOY	$35,229,961	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$22,474,746	BOYAmt
EOY	$29,238,505	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$62,313,645	BOYAmt
EOY	$60,205,533	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,374,535,703	BOYAmt
EOY	$1,385,231,153	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$175,141,083	BOYAmt
EOY	$133,234,584	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,085,159,604	BOYAmt
EOY	$1,132,369,437	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,260,300,687	BOYAmt
EOY	$1,265,604,021	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$114,235,016	BOYAmt
EOY	$119,627,132	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$114,235,016	BOYAmt
EOY	$119,627,132	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,374,535,703	BOYAmt
EOY	$1,385,231,153	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$6,492,621	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$227,231	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$1,327,736	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,085,183	OtherCostOrOtherBasisAmt
Book Value	$10,085,183	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$31,238,262	OtherCostOrOtherBasisAmt
Depreciation	$12,578,156	DepreciationAmt
Book Value	$18,660,106	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$500,443	OtherCostOrOtherBasisAmt
Depreciation	$273,936	DepreciationAmt
Book Value	$226,507	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$24,611,391	OtherCostOrOtherBasisAmt
Depreciation	$18,353,226	DepreciationAmt
Book Value	$6,258,165	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$35,229,961	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$1,132,369,437	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,132,369,437	TotalLiabilityAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
FUTURES FOUNDATION FOR VOLUSIA COUNTY SCHOOLS
3750 OLSON DRIVE	DAYTONA BEACH	FL	32124	592560862	501(C)(3)	$6,000	$0	SCHOOL/CLASS-ROOM FUNDING ASSISTANCE
GO BEYOND FOUNDATION INC
300 S PLUMOSA ST	MERRITT ISLAND	FL	32952	320652294	501(C)(3)	$131,925	$0	CONTINUED SUPPORT OF FOUNDATION

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	LAUNCH CU DETERMINES THE AMOUNT OF THE DONATION GIVEN TO EDUCATORS ACCORDING TO THE PUBLICITY LAUNCH RECEIVES. LAUNCH BUDGETS A DETERMINED AMOUNT OF DONATION FUNDS PER YEAR, CRITERIA IS BASED ON PUBLICITY RECEIVED. WHEN LAUNCH DONATES FUNDS, THE FUNDS ARE DESIGNATED TO SCHOOLS, SPECIFICALLY TEACHERS, FOR USE ON CLASSROOM PROJECTS. LAUNCH DOES NOT REQUEST ANYTHING SPECIFIC AS FAR AS OUTCOMES FROM THE PROJECTS THEY UTILIZE THE DONATED FUNDS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOSEPH MIRACHI
PRESIDENT & CEO	$525,625	$0	$66,577	$0	$0	$0	$108,414	$0	$25,332	$0	$725,948	$0	$0	$0
KEVIN LEBEAU
EVP CFO	$251,963	$0	$13,107	$0	$0	$0	$35,773	$0	$25,756	$0	$326,599	$0	$0	$0
MARK BREWER
SVP CIO	$234,194	$0	$38,132	$0	$0	$0	$11,011	$0	$23,506	$0	$306,843	$0	$0	$0
GARY LEVAR
EVP COO	$240,414	$0	$42,889	$0	$0	$0	$11,268	$0	$9,945	$0	$304,516	$0	$0	$0
JANE SCHROPP
SVP CAO	$207,136	$0	$36,351	$0	$0	$0	$9,786	$0	$16,805	$0	$270,078	$0	$0	$0
ANGELA CROSBY
VP PROJECT MANAGEMENT OFFI	$167,885	$0	$0	$0	$0	$0	$6,970	$0	$23,308	$0	$198,163	$0	$0	$0
MICHAEL D'ACQUISTO
AVP CORE APPLICATION SERVI	$173,557	$0	$1,136	$0	$0	$0	$7,147	$0	$15,620	$0	$197,460	$0	$0	$0
MICAH FLUHARTY
CORE SYSTEM PROGRAMMING MANAGER	$154,689	$0	$0	$0	$0	$0	$6,419	$0	$23,089	$0	$184,197	$0	$0	$0
LOURDES CAMACHO
VP AUDIT	$136,727	$0	$6,280	$0	$0	$0	$5,839	$0	$15,936	$0	$164,782	$0	$0	$0
KELLY HASKINS
VP MARKETING	$134,889	$0	$4,013	$0	$0	$0	$5,551	$0	$9,006	$0	$153,459	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	JOSEPH MIRACHI - $98,156 KEVIN LEBEAU - $25,083	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION IS OWNED BY ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	THERE ARE NINE BOARD MEMBERS THAT SERVE THREE-YEAR TERMS. THE TERMS EXPIRE EVERY YEAR. IN SEPTEMBER A CALL FOR NOMINATIONS IS SENT OUT IN THE QUARTERLY NEWSLETTER. ALL NOMINATIONS ARE REVIEWED BY THE NOMINATING COMMITTEE, AND THEY WILL PICK THE THREE CANDIDATES FOR THE THREE OPEN POSITIONS. MEMBERS NOT NOMINATED CAN RUN BY FILING A PETITION AND FULFILLING THE REQUIREMENTS. IF MORE THAN THREE ARE RUNNING FOR THE THREE OPEN POSITIONS, THEN AN ELECTION WILL BE HELD WHERE ALL ELIGIBLE-TO-VOTE MEMBERS WILL BE ALLOWED TO VOTE FOR THE BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7B	APPROVAL IS REQUIRED FOR A CHANGE IN CHARTER OR AN ELECTION OF BOARD MEMBERS IF THE NUMBER OF MEMBERS RUNNING EXCEEDS THE NUMBER OF OPEN SEATS.
FORM 990, PART VI, SECTION B, LINE 11B	MANAGEMENT WILL REVIEW BEFORE THE FORM IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY ALL BOARD MEMBERS AND EMPLOYEES, TO INCLUDE OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY HOUSED IN THE EMPLOYEE HANDBOOK WHICH AFFIRMS THEIR OBLIGATION TO DISCLOSE ANY REAL OR PERCEIVED CONFLICTS OF INTEREST. BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE THE CONFLICT IMMEDIATELY AT THE TIME IT TRANSPIRES.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION SURVEY DATA , COMPRISED OF LIKE-SIZED CREDIT UNIONS IN THE SOUTH, IS REVIEWED BY THE SVP HR. INFORMATION IS PROVIDED TO THE CHAIRMAN OF THE BOARD AS WELL AS THE ANNUAL REPORT GENERATED BY THE CU'S COMP MANAGEMENT VENDOR, WHICH DETAILS MARKET CONDITIONS AND TRENDS. BASED ON INFORMATION AND CEO PERFORMANCE, THE CHAIRMAN RECOMMENDS MERIT INCREASES AND BONUSES TO THE EXECUTIVE COMMITTEE, WHICH THEN HAS TO HAVE BOARD APPROVAL. OTHER KEY EMPLOYEES AND OFFICERS COMPENSATION ARE BASED ON COMPENSATION INFORMATION THAT IS AGGREGATED BASED ON A NUMBER OF COMPENSATION SURVEYS MANAGED BY A VENDOR.
FORM 990, PART VI, SECTION C, LINE 19	MONTHLY FINANCIAL STATEMENTS ARE DISPLAYED IN EACH BRANCH ONCE APPROVED BY THE BOARD OF DIRECTORS. THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE.
FORM 990, PART XI, LINE 9:	CECL TRANSITIONAL PROVISION -1,327,736.
FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2:	ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION EXAMINES THE FINANCIAL STATEMENTS OF THE CREDIT UNION. AN ANNUAL AUDITED FINANCIAL STATEMENT IS PREPARED IN ACCORDANCE WITH GAAP BY AN INDEPENDENT CPA ON A FISCAL YEAR-END OF JUNE 30TH.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
LAUNCH CUSO HOLDINGS LLC
300 S PLUMOSA STREET	MERRITT ISLAND	FL	32952	364979168	FINANCIAL SERVICES	FL	-$886,443	$15,147,092	LAUNCH CREDIT UNION
VYFI LLC
300 S PLUMOSA STREET	MERRITT ISLAND	FL	32952	872582719	IT SERVICES	FL	-$741,898	$5,383,895	LAUNCH CUSO HOLDINGS LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	GO BEYOND FOUNDATION INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 S PLUMOSA ST	AddressLine1Txt
City	MERRITT ISLAND	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	32952	ZIPCd

Field	Value	IRS element (for citing)
EIN	320652294	EIN
Primary Activities	EDUCATIONAL ACTIVITIES FOR LOCAL COMMUNITY	PrimaryActivitiesTxt
Legal Domicile State	FL	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	PF	PublicCharityStatusTxt
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
GO BEYOND FOUNDATION INC
B	$131,925	CASH VALUE
LAUNCH CUSO HOLDINGS
B	$7,779,188	CASH VALUE