2023-11-07T12:38:53-06:00 2022-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2022-01-01 591030268 LAUNCH CREDIT UNION LAUN 3214559400 300 S PLUMOSA ST MERRITT ISLAND FL 32952 KEVIN LEBEAU CFO 3214559400 2023-11-06 1 KEVIN LEBEAU 999009999 1 CLAIRE C DUREN CPA P01577924 8504357400 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN LEBEAU 300 S PLUMOSA ST MERRITT ISLAND FL 32952 62034621 0 X HTTP://LAUNCHCU.COM X STATE-CHARTERED CREDIT UNION 1963 FL 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. 9 9 365 14 1080419 247222 0 0 34837622 44915282 575195 1804176 14542451 15307318 49955268 62026776 93746 152364 0 0 20986135 24679658 0 0 0 23346666 30539579 44426547 55371601 5528721 6655175 1071639457 1374535703 963783540 1260300687 107855917 114235016 X 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. 0 0 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. 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 20272 0 1 365 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 0 1 1 0 1 1 X KEVIN LEBEAU CFO 3214559400 300 S PLUMOSA ST MERRITT ISLAND FL 32952 MARILYN CHERUBINI SECRETARY 1.12 X 0 0 0 DOMINIC MORGESE DIRECTOR 0.91 X 0 0 0 PERCY COHRS CHAIR 1.26 X 0 0 0 HOLLIMARIE MONTIJO VICE CHAIR 0.93 X 0 0 0 DAN SICCHIO DIRECTOR 1.06 X 0 0 0 ERIC OSTARLY TREASURER 0.96 X 0 0 0 LINDA SOUTH DIRECTOR 1.16 X 0 0 0 DR KEVIN REED ASSOCIATE BOARD MEMBER 0.87 X 0 0 0 CONNIE MORICE CHAIR AUDIT COMMITTEE 1.06 X 0 0 0 MICHAEL CADORE ASSOCIATE BOARD MEMBER 0.19 X 0 0 0 CHRIS WALDEN ASSOCIATE BOARD MEMBER 0.41 X 0 0 0 CHUCK JENKINS DIRECTOR 0.85 X 0 0 0 DORIS PUNDERSON V - CHAIR AUDIT 0.20 X 0 0 0 STUART DAWLEY ASSOCIATE BOARD MEMBER 1.11 X 0 0 0 KEVIN LEBEAU EVP CFO 40.00 X 246116 0 49729 JOSEPH MIRACHI PRESIDENT & CEO 40.00 X 499727 0 76222 GARY LEVAR EVP COO 40.00 X 255397 0 19560 MARK BREWER SVP CIO 40.00 X 240469 0 30716 JANE SCHROPP SVP HR 40.00 X 214442 0 25414 KELLY HASKINS VP MARKETING 40.00 X 129273 0 13919 LOURDES CAMACHO VP AUDIT 40.00 X 133806 0 21295 MICHAEL D'ACQUISTO AVP CORE APPLICATION SERVICES 40.00 X 168341 0 18313 ANGELO CROSBY VP PROJECT MANAGEMENT OFFICE 40.00 X 148489 0 29569 CAROLYN MORTON VP RETAIL BRANCH OPERATION 40.00 X 129812 0 14262 2165872 0 298999 26 0 1 0 RHODES BUILDING CO LLC 2009 LONGWOOD LAKE MARY RD SUITE 1 LONGWOOD FL 32750 CONSTRUCTION & BUILDING 3218745 LENDKEY TECHNOLOGIES INC 9999 CARVER ROAD SUITE 400 BLUE ASH OH 45242 STUDENT LOAN SERVICER 1021531 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 ONLINE BANKING PLATFORM 609542 Q2 SOFTWARE INC 10355 PECAN PARK BLVD SUITE 100 AUSTIN TX 78729 ONLINE BANKING PLATFORM 565997 CATHEDRAL CORPORATION 1500 TRADEPORT DRIVE SUITE B ORLANDO FL 32824 FORMS/PRINTING SERVICES 455030 33 INTEREST ON LOANS 522100 44915282 44915282 44915282 1806651 1806651 5370 7845 -2475 -2475 -2475 FEES AND SERVICE CHARGES 522100 14303340 14303340 INCOME FROM CUSO INVESTMENTS 522100 1014752 1014752 FOREIGN ATM FEE INCOME 522100 65667 65667 -76441 -76441 15307318 62026776 59142181 1080419 1804176 152364 1657793 16847078 544919 4167069 1462799 185799 142443 839518 1308399 1789119 3889670 1708122 388005 2359795 4015506 354900 FEDERAL AND STATE OPERA 5981 PROVISION FOR LOAN LOSS 4047124 ATM AND DEBIT CARD EXPE 2998053 LOAN SERVICING EXPENSE 1780868 4726277 55371601 9066410 8497812 140789649 145410980 0 17995 805734055 1096225578 2248018 2115753 64755720 27276526 35495012 37479194 20063835 22474746 58242478 62313645 1071639457 1374535703 10104799 175141083 953678741 1085159604 963783540 1260300687 X 0 0 0 0 107855917 114235016 107855917 114235016 1071639457 1374535703 6655175 -276076 0 X X 0 1 X 1 0 10085183 10085183 54670537 27276526 27394011 37479194 MEMBER DEPOSITS 1085159604 1085159604 0 FUTURES FOUNDATION FOR VOLUSIA COUNTY SCHOOLS 3750 OLSON DRIVE DAYTONA BEACH FL 32124 592560862 501(C)(3) 6000 0 SCHOOL/CLASS-ROOM FUNDING ASSISTANCE AMERICAN HEART ASSOCIATION PO BOX 4002900 DES MOINES IA 50340 135613797 501(C)(3) 5000 0 VOLUNTARY TO FIGHT CARDIOVASCULAR DISEASE AND STROKE GO BEYOND FOUNDATION INC 300 S PLUMOSA ST MERRITT ISLAND FL 32952 320652294 501(C)(3) 92641 0 CONTINUED SUPPORT OF FOUNDATION 3 0 PART I, LINE 2: 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. X X X 0 1 0 JOSEPH MIRACHI PRESIDENT & CEO 444121 0 55606 0 0 0 55354 0 20868 0 575949 0 0 0 KEVIN LEBEAU EVP CFO 235944 0 10172 0 0 0 24207 0 25522 0 295845 0 0 0 GARY LEVAR EVP COO 227273 0 28124 0 0 0 10115 0 9445 0 274957 0 0 0 MARK BREWER SVP CIO 220160 0 20309 0 0 0 9163 0 21553 0 271185 0 0 0 JANE SCHROPP SVP HR 195068 0 19374 0 0 0 8806 0 16608 0 239856 0 0 0 MICHAEL D'ACQUISTO AVP CORE APPLICATION SERVICES 165392 0 2949 0 0 0 6831 0 11482 0 186654 0 0 0 ANGELO CROSBY VP PROJECT MANAGEMENT OFFICE 148489 0 0 0 0 0 6289 0 23280 0 178058 0 0 0 LOURDES CAMACHO VP AUDIT 129898 0 3908 0 0 0 5543 0 15752 0 155101 0 0 0 PART I, LINE 4B JOSEPH MIRACHI - $45,283 KEVIN LEBEAU - $14,217 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 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. LAUNCH CUSO HOLDINGS LLC 300 S PLUMOSA STREET MERRITT ISLAND FL 32952 364979168 FINANCIAL SERVICES FL 17426 8349537 LAUNCH CREDIT UNION VYFI LLC 300 S PLUMOSA STREET MERRITT ISLAND FL 32952 872582719 IT SERVICES FL 142826 6205502 LAUNCH CUSO HOLDINGS LLC GO BEYOND FOUNDATION INC 300 S PLUMOSA ST MERRITT ISLAND FL 32952 320652294 EDUCATIONAL ACTIVITIES FOR LOCAL COMMUNITY FL 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GO BEYOND FOUNDATION INC B 92641 CASH VALUE