MERRITT ISLAND, Fla. — Launch Credit Union members have approved a merger with Suncoast Credit Union, clearing the way for the deal to take effect Sept. 1.
The credit unions said 79.5% of Launch members who participated in a 45-day voting period supported the merger. The deal was previously approved by both organizations’ boards of directors and the National Credit Union Administration.
Launch currently serves more than 86,000 members through 17 branches in Brevard and Volusia counties. The combined credit union will operate under the Suncoast Credit Union name, serving more than 1.5 million members and managing more than $22 billion in assets.
Launch members will not experience immediate changes to their accounts, branches, digital banking platforms or other day-to-day services. During the transition, locations will operate as “Launch, a Branch of Suncoast Credit Union.”
The organizations said no branches will close and the merger will not result in job losses. Full operational integration is expected by summer 2027, with members receiving advance notice of any changes.
Qualified Launch accounts will also receive a portion of a special dividend totaling up to $15 million before the merger takes effect.
Suncoast plans to invest an additional $5 million in nonprofit organizations and school districts across Florida’s Space Coast.
Suncoast President and CEO Kevin Johnson will lead the combined organization. Launch CEO Joe Mirachi will retire following the merger.
Click here to learn more about the merger.
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