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LAUNCH CREDIT UNION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
LAUNCH CREDIT UNION (EIN 59-1030268)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-07
IRS object ID
202343119349302424
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-07T12:38:53-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454084437PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARREN AVERETT LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 W CEDAR STREET SUITE 400AddressLine1Txt
CityPENSACOLACityNm
State AbbreviationFLStateAbbreviationCd
ZIP32502ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN591030268EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAUNCH CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUNBusinessNameControlTxt
Phone3214559400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEVIN LEBEAUPersonNm
Person TitleCFOPersonTitleTxt
Phone3214559400PhoneNum
Signature2023-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKEVINPersonFirstNm
Person LastLEBEAUPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCLAIRE C DUREN CPAPreparerPersonNm
PTINP01577924PTIN
Phone8504357400PhoneNum
Preparation2023-11-06PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKEVIN LEBEAUPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$62,034,621GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressHTTP://LAUNCHCU.COMWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscSTATE-CHARTERED CREDIT UNIONOtherOrganizationDsc
Formation1963FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionTHE 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 Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee365TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$1,080,419TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$247,222NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$34,837,622PYProgramServiceRevenueAmt
CY Program Service Revenue$44,915,282CYProgramServiceRevenueAmt
PY Investment Income$575,195PYInvestmentIncomeAmt
CY Investment Income$1,804,176CYInvestmentIncomeAmt
PY Other Revenue$14,542,451PYOtherRevenueAmt
CY Other Revenue$15,307,318CYOtherRevenueAmt
PY Total Revenue$49,955,268PYTotalRevenueAmt
CY Total Revenue$62,026,776CYTotalRevenueAmt
PY Grants And Similar Paid$93,746PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$152,364CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$20,986,135PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$24,679,658CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$23,346,666PYOtherExpensesAmt
CY Other Expenses$30,539,579CYOtherExpensesAmt
PY Total Expenses$44,426,547PYTotalExpensesAmt
CY Total Expenses$55,371,601CYTotalExpensesAmt
PY Revenues Less Expenses$5,528,721PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,655,175CYRevenuesLessExpensesAmt
Total Assets BOY$1,071,639,457TotalAssetsBOYAmt
Total Assets EOY$1,374,535,703TotalAssetsEOYAmt
Total Liabilities BOY$963,783,540TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,260,300,687TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$107,855,917NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$114,235,016NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescIN 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

FieldValueIRS element (for citing)
DescTO 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
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20272IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee365EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKEVIN LEBEAU CFOPersonNm
Phone3214559400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARILYN CHERUBINI
SECRETARY1.12Yes (X)$0$0$0
DOMINIC MORGESE
DIRECTOR0.91Yes (X)$0$0$0
PERCY COHRS
CHAIR1.26Yes (X)$0$0$0
HOLLIMARIE MONTIJO
VICE CHAIR0.93Yes (X)$0$0$0
DAN SICCHIO
DIRECTOR1.06Yes (X)$0$0$0
ERIC OSTARLY
TREASURER0.96Yes (X)$0$0$0
LINDA SOUTH
DIRECTOR1.16Yes (X)$0$0$0
DR KEVIN REED
ASSOCIATE BOARD MEMBER0.87Yes (X)$0$0$0
CONNIE MORICE
CHAIR AUDIT COMMITTEE1.06Yes (X)$0$0$0
MICHAEL CADORE
ASSOCIATE BOARD MEMBER0.19Yes (X)$0$0$0
CHRIS WALDEN
ASSOCIATE BOARD MEMBER0.41Yes (X)$0$0$0
CHUCK JENKINS
DIRECTOR0.85Yes (X)$0$0$0
DORIS PUNDERSON
V - CHAIR AUDIT0.20Yes (X)$0$0$0
STUART DAWLEY
ASSOCIATE BOARD MEMBER1.11Yes (X)$0$0$0
KEVIN LEBEAU
EVP CFO40.00$246,116$0$49,729Yes (X)
JOSEPH MIRACHI
PRESIDENT & CEO40.00$499,727$0$76,222Yes (X)
GARY LEVAR
EVP COO40.00$255,397$0$19,560Yes (X)
MARK BREWER
SVP CIO40.00$240,469$0$30,716Yes (X)
JANE SCHROPP
SVP HR40.00$214,442$0$25,414Yes (X)
KELLY HASKINS
VP MARKETING40.00$129,273$0$13,919Yes (X)
LOURDES CAMACHO
VP AUDIT40.00$133,806$0$21,295Yes (X)
MICHAEL D'ACQUISTO
AVP CORE APPLICATION SERVICES40.00$168,341$0$18,313Yes (X)
ANGELO CROSBY
VP PROJECT MANAGEMENT OFFICE40.00$148,489$0$29,569Yes (X)
CAROLYN MORTON
VP RETAIL BRANCH OPERATION40.00$129,812$0$14,262Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,165,872TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$298,999TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K26IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
RHODES BUILDING CO LLC
2009 LONGWOOD LAKE MARY RD SUITE 1LONGWOODFL32750CONSTRUCTION & BUILDING$3,218,745
LENDKEY TECHNOLOGIES INC
9999 CARVER ROAD SUITE 400BLUE ASHOH45242STUDENT LOAN SERVICER$1,021,531
ALKAMI TECHNOLOGY
5601 GRANITE PARKWAY SUITE 120PLANOTX75024ONLINE BANKING PLATFORM$609,542
Q2 SOFTWARE INC
10355 PECAN PARK BLVD SUITE 100AUSTINTX78729ONLINE BANKING PLATFORM$565,997
CATHEDRAL CORPORATION
1500 TRADEPORT DRIVE SUITE BORLANDOFL32824FORMS/PRINTING SERVICES$455,030
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K33CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescINTEREST ON LOANSDesc
Business522100BusinessCd
Total Revenue Column$44,915,282TotalRevenueColumnAmt
Related Or Exempt Func Income$44,915,282RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$44,915,282TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,806,651TotalRevenueColumnAmt
Exclusion$1,806,651ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$5,370OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$7,845OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$2,475OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$2,475TotalRevenueColumnAmt
Exclusion-$2,475ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
FEES AND SERVICE CHARGES522100$14,303,340$14,303,340
INCOME FROM CUSO INVESTMENTS522100$1,014,752$1,014,752
FOREIGN ATM FEE INCOME522100$65,667$65,667

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$76,441TotalRevenueColumnAmt
Related Or Exempt Func Income-$76,441RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,307,318OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,026,776TotalRevenueColumnAmt
Related Or Exempt Func Income$59,142,181RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,080,419UnrelatedBusinessRevenueAmt
Exclusion$1,804,176ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$152,364TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,657,793TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$16,847,078TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$544,919TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,167,069TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,462,799TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$185,799TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$142,443TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$839,518TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,308,399TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,789,119TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,889,670TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,708,122TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$388,005TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,359,795TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$4,015,506TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$354,900TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FEDERAL AND STATE OPERA$5,981
PROVISION FOR LOAN LOSS$4,047,124
ATM AND DEBIT CARD EXPE$2,998,053
LOAN SERVICING EXPENSE$1,780,868

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,726,277TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$55,371,601TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$9,066,410BOYAmt
EOY$8,497,812EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$140,789,649BOYAmt
EOY$145,410,980EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$17,995EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$805,734,055BOYAmt
EOY$1,096,225,578EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,248,018BOYAmt
EOY$2,115,753EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$64,755,720LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$27,276,526LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$35,495,012BOYAmt
EOY$37,479,194EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$20,063,835BOYAmt
EOY$22,474,746EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$58,242,478BOYAmt
EOY$62,313,645EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,071,639,457BOYAmt
EOY$1,374,535,703EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$10,104,799BOYAmt
EOY$175,141,083EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$953,678,741BOYAmt
EOY$1,085,159,604EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$963,783,540BOYAmt
EOY$1,260,300,687EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$107,855,917BOYAmt
EOY$114,235,016EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$107,855,917BOYAmt
EOY$114,235,016EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,071,639,457BOYAmt
EOY$1,374,535,703EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,655,175ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$276,076NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

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

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$54,670,537OtherCostOrOtherBasisAmt
Depreciation$27,276,526DepreciationAmt
Book Value$27,394,011BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$37,479,194TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER DEPOSITSDesc
Amt$1,085,159,604Amt
FieldValueIRS element (for citing)
Total Liability$1,085,159,604TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
FUTURES FOUNDATION FOR VOLUSIA COUNTY SCHOOLS
3750 OLSON DRIVEDAYTONA BEACHFL32124592560862501(C)(3)$6,000$0SCHOOL/CLASS-ROOM FUNDING ASSISTANCE
AMERICAN HEART ASSOCIATION
PO BOX 4002900DES MOINESIA50340135613797501(C)(3)$5,000$0VOLUNTARY TO FIGHT CARDIOVASCULAR DISEASE AND STROKE
GO BEYOND FOUNDATION INC
300 S PLUMOSA STMERRITT ISLANDFL32952320652294501(C)(3)$92,641$0CONTINUED SUPPORT OF FOUNDATION
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationLAUNCH 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

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOSEPH MIRACHI
PRESIDENT & CEO$444,121$0$55,606$0$0$0$55,354$0$20,868$0$575,949$0$0$0
KEVIN LEBEAU
EVP CFO$235,944$0$10,172$0$0$0$24,207$0$25,522$0$295,845$0$0$0
GARY LEVAR
EVP COO$227,273$0$28,124$0$0$0$10,115$0$9,445$0$274,957$0$0$0
MARK BREWER
SVP CIO$220,160$0$20,309$0$0$0$9,163$0$21,553$0$271,185$0$0$0
JANE SCHROPP
SVP HR$195,068$0$19,374$0$0$0$8,806$0$16,608$0$239,856$0$0$0
MICHAEL D'ACQUISTO
AVP CORE APPLICATION SERVICES$165,392$0$2,949$0$0$0$6,831$0$11,482$0$186,654$0$0$0
ANGELO CROSBY
VP PROJECT MANAGEMENT OFFICE$148,489$0$0$0$0$0$6,289$0$23,280$0$178,058$0$0$0
LOURDES CAMACHO
VP AUDIT$129,898$0$3,908$0$0$0$5,543$0$15,752$0$155,101$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationJOSEPH MIRACHI - $45,283 KEVIN LEBEAU - $14,217ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS OWNED BY ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ATHERE 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 7BAPPROVAL 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 11BMANAGEMENT WILL REVIEW BEFORE THE FORM IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY 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 15ACOMPENSATION 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 19MONTHLY 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 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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
LAUNCH CUSO HOLDINGS LLC
300 S PLUMOSA STREETMERRITT ISLANDFL32952364979168FINANCIAL SERVICESFL$17,426$8,349,537LAUNCH CREDIT UNION
VYFI LLC
300 S PLUMOSA STREETMERRITT ISLANDFL32952872582719IT SERVICESFL$142,826$6,205,502LAUNCH CUSO HOLDINGS LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GO BEYOND FOUNDATION INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S PLUMOSA STAddressLine1Txt
CityMERRITT ISLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32952ZIPCd
FieldValueIRS element (for citing)
EIN320652294EIN
Primary ActivitiesEDUCATIONAL ACTIVITIES FOR LOCAL COMMUNITYPrimaryActivitiesTxt
Legal Domicile StateFLLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1GO BEYOND FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$92,641InvolvedAmt
Method Of Amount DeterminationCASH VALUEMethodOfAmountDeterminationTxt