Launch Credit Union
Merritt Island, FL · EIN 59-1030268 · Rank 6,175 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $85,218,164
- Total expenses
- $80,461,174
- Total assets
- $1,395,191,746
- Salary base (all salaries and wages)
- $21,626,556
- Salaries, other pay and benefits
- $30,219,137
- Employees
- 350
- Salary base per employee
- $61,790
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (21)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Joseph Mirachi | PRESIDENT & CEO | Officer | 40 | $875,542 |
| Gary Levar | EVP COO | Officer | 40 | $354,832 |
| Kevin Lebeau | EVP CFO | Officer | 40 | $348,692 |
| Mark Brewer | SVP CIO | Officer | 40 | $344,277 |
| Jane Schropp | SVP CAO | Officer | 40 | $330,233 |
| Alan Ropes | PRESIDENT & CEO (CUSO - VYFI, LLC) | Officer | 40 | $149,145 |
| Eric Ostarly | VICE CHAIR | Board | 1 | None reported |
| Marilyn Cherubini | DIRECTOR | Board | 1 | None reported |
| Hollimarie Montijo | CHAIR | Board | 1 | None reported |
| Dominic Morgese | DIRECTOR | Board | 1 | None reported |
| Percy Cohrs | TREASURER | Board | 1 | None reported |
| Linda South | SECRETARY | Board | 1 | None reported |
| Connie Morice | DIRECTOR/AUDIT CHAIR | Board | 1 | None reported |
| Dan Sicchio | DIRECTOR | Board | 1 | None reported |
| Dr Kevin Reed | ASSOCIATE BOARD MEMBER | Board | 1 | None reported |
| Michael Cadore | ASSOCIATE BOARD MEMBER | Board | 1 | None reported |
| Chris Walden | ASSOCIATE BOARD MEMBER | Board | 1 | None reported |
| Dorothy Bourlier | AUDIT CHAIR | Board | 1 | None reported |
| Stuart Dawley | ASSOCIATE BOARD MEMBER | Board | 1 | None reported |
| Doris Punderson | AUDIT VICE CHAIR | Board | 1 | None reported |
| Chuck Jenkins | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $3,278,970, which is 15.2% of the $21,626,556 salary base shared by 350 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Joseph Mirachi | PRESIDENT & CEO | Officer | 40 | $782,424 | $0 | $93,118 | $875,542 |
| Gary Levar | EVP COO | Officer | 40 | $331,929 | $0 | $22,903 | $354,832 |
| Kevin Lebeau | EVP CFO | Officer | 40 | $281,072 | $0 | $67,620 | $348,692 |
| Mark Brewer | SVP CIO | Officer | 40 | $305,547 | $0 | $38,730 | $344,277 |
| Jane Schropp | SVP CAO | Officer | 40 | $297,784 | $0 | $32,449 | $330,233 |
| Sharal Henderson | VP IN-HOUSE COUNSEL | Highly paid employee | 40 | $227,318 | $0 | $12,030 | $239,348 |
| Michael D'acquisto | AVP CORE APP SERVICES | Highly paid employee | 40 | $193,130 | $0 | $27,313 | $220,443 |
| Angela Crosby | VP PROJECT MGMT OFFICE | Highly paid employee | 40 | $178,664 | $0 | $34,635 | $213,299 |
| Micah Fluharty | CORE SYSTEM PROG MANAGER | Highly paid employee | 40 | $173,123 | $0 | $30,036 | $203,159 |
| Alan Ropes | PRESIDENT & CEO (CUSO - VYFI, LLC) | Officer | 40 | $149,145 | $0 | $0 | $149,145 |
Sources
- IRS e-file return 202513149349303171 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 59-1030268
- Organization website (as filed): http://launchcu.com