By bringing our strengths together, this partnership helps us better serve our members, support our employees, and strengthen our communities by supporting causes at more impactful level. It improves our long-term stability and allows us to better compete with new, non-traditional companies entering the financial space. By sharing resources, expertise, and technology, we can deliver more value while continuing to focus on innovation and excellent service.

Suncoast is a well-respected, mission-driven credit union founded 92 years ago and rooted in a strong member-first philosophy. Like Launch, Suncoast puts members at the center of everything it does from offering lower loan rates to providing a wide range of free services designed to meet members’ financial needs. The organization is known for its positive workplace culture, strong alignment of values, and a deep commitment to giving back, both to its members and to the communities it serves.

Suncoast Credit Union is the largest credit union in the state of Florida, the 8th largest in the United States based on membership, and the 10th largest in the United States based on its $19.2 billion in assets. Chartered in 1934 as Hillsborough County Teachers Credit Union, Suncoast Credit Union currently operates 79 full-service branches and serves more than 1.3 million members across Florida. As a community credit union, anyone who lives, works, attends school, or worships in Suncoast Credit Union’s service area is eligible for membership. In 2021, Suncoast Credit Union’s field of membership was expanded to include public K-12 teachers, college educators, and educational support staff from all of Florida’s 67 counties. Suncoast is passionate about community support. Since its founding in 1990, the Suncoast Credit Union Foundation has raised and donated more than $55 million to organizations and initiatives that support the health, education, and emotional well-being of children in the communities that the credit union serves. For more information, visit suncoast.com.

Yes, absolutely! Both boards of directors and executive leadership teams support the merger. They are excited about the opportunities for growth and enhanced benefits for members, employees, and communities.

This merger creates an over $21 billion organization serving more than 1.4 million members, strengthening our ability to invest in innovation, resources, and support for both members and employees. By combining the best of both credit unions—our products, services, technology, and talent—we remain firmly committed to our mission, our people, and the communities we serve.

Yes, absolutely! Both credit unions are committed to remaining member-owned and not-for-profit financial cooperatives. This merger will allow us to grow responsibly while staying true to our mission of putting members first.

This merger brings meaningful benefits designed to enhance access, convenience, and long-term value for our members:

• More Locations & Access: Access to 96 branch locations across Florida, providing added convenience and broader reach, along with access to more than 30,000 fee-free ATMs nationwide, including convenient locations at Publix and Wawa.
• Expanded Products & Services: A broader range of savings and account options designed to support diverse financial goals, commercial analyzed checking solutions for growing and complex businesses, and insurance offerings that support both personal and business needs.
• Increased Innovation: Greater capacity to invest in new products, services, and digital solutions over time.
• Stronger Communities: Greater investment in local outreach, financial education, and community support. For example, with every debit card swipe, three cents are donated to support education and local children—contributions that total millions of dollars each year—along with ongoing efforts in Hispanic community outreach and expanded access to financial literacy and economic opportunity.
• Long-Term Stability: A well-positioned organization with the scale and resources to support members now and into the future.
• Member Giveback: A special dividend up to $15 million will be paid to qualified accounts before the effective date of the merger to demonstrate our commitment to putting members first and honoring that legacy as we move forward pending regulatory approval. 
• Community Giveback: $5 million community giveback to Launch counties (Brevard and Volusia) – to support scholarships, foodbank, and affordable housing initiatives.

For now, it’s business as usual! You’ll still use the same account number, access your accounts, use your checks, debit card, online banking and enjoy the same great service you’ve always received.  

Once the merger is approved and we work toward full integration, Launch members will transition to Suncoast systems and services. Detailed communications and advance notice will be provided to ensure a smooth experience.

Your rates on fixed-rate loans and certificates will stay the same until the end of their current terms. Other products will adjust as usual, based on market conditions.

Yes! Your deposits will still be federally insured by the National Credit Union Share Insurance Fund (NCUSIF). You can find more info and use the NCUA insurance calculator at www.mycreditunion.gov/estimator.

We’re happy to have you as a member of both credit unions! For now, it’s business as usual - you can continue using your accounts as normal.  As we get closer to the merger date, we’ll keep you informed with clear updates and support you throughout the transition.

This merger brings exciting opportunities for our teams. Both credit unions are committed to retaining employees and maintaining the teams our members know and trust. Over time, employees will benefit from expanded career growth opportunities made possible by broader functional areas, greater role specialization, and integration with a larger team.

No! There will be no layoffs as a result of this merger.  Our team members are integral to our success, and both credit unions recognize the importance of retaining talented and dedicated team members. We know a successful merger depends on retaining top talent and strong leadership. 

As a testament, Suncoast has never had layoffs – even during the great recession of 2007-2009.

Kevin Johnson, Suncoast’s President/CEO of will continue to lead the combined organization.

Kevin D. Johnson is the President and Chief Executive Officer of Suncoast Credit Union and serves on the Boards of TruStage, Filene Research Institute, Members Development Company, and Credit Union Data Exchange (CUDX). He is also a member of the Visa Executive Client Council.

With a career spanning four decades at Suncoast Credit Union, Johnson has played a central role in the organization’s growth into Florida’s largest credit union, now serving more than 1.3 million members with over $19 billion in assets and more than 80 branch locations across the state.

Johnson was appointed President and CEO in 2016 after 16 years in senior leadership roles, including Executive Vice President and Senior Vice President & Chief Information Officer (CIO). As CIO, he led the development of Suncoast’s online and mobile banking platforms, including the internally built mobile app that set a new standard for digital member experience. His background brings deep expertise in information technology, cybersecurity, data analytics, digital delivery, and operations to his role as CEO.

A strategic, mission‑driven leader, Johnson is committed to advancing the credit union movement and strengthening the communities Suncoast serves. He is also active in philanthropic leadership through his service on the Tampa Bay Partnership Council of Governors.

Johnson earned a B.S. in Business Management from the University of Tampa and holds the America’s Credit Union Certified Credit Union Executive designation. He and his family reside in Tampa, Florida.

Launch will become Suncoast Credit Union.  At legal merger, Launch branches will be denoted as “Launch, a branch of Suncoast Credit Union".

The official name change will take place closer to or on Operational Day 1, when core systems change.

Now that we have received approval from our respective Boards and the regulators, we must wait for the Launch member vote results. We anticipate completing the legal merger in the third quarter of 2026, with full operational integration continuing throughout 2027.

The merger process continues with the next step being a member vote for Launch Credit Union members. We will continue to provide updates along the way.

Any individual Credit Union member aged 18 years or over, including business accounts will have the opportunity to vote.
• Members must have been members on or before June 1, 2026
• Members must have a primary share account open as of June 1, 2026

On July 2, 2026, voting packets will be mailed or emailed, depending on communication preferences, to all eligible members. Eligible members will also be able to vote electronically beginning on this date.

Members will be able to vote by:
1) Using the online election URL https://launchcu.cuballot.com/ to vote electronically by August 23, 2026, at 11:59 P.M. EST or
2) Returning their ballot using the pre-paid postage envelope provided, to CU Ballot/E Space Communications, the independent third party conducting the vote by August 23, 2026, at 11:59 P.M. EST, or
3) Bringing their ballot to the Special Meeting to submit when votes are called on August 24, 2026, at 5:30 P.M. at Launch Credit Union’s Merritt Island branch located at 415 Fortenberry Road, Merritt Island, FL 32952

We’re committed to keeping you informed along the way. As the process continues, Launch Credit Union will share important notices, dates, and events. If you do have any questions, please email memberquestions@launchcu.com.

This partnership is not about changing what you already value, it is about building upon our strong foundations and unlocking even greater benefits for every member—we’re growing together and positioning our organizations to deliver additional convenience, access, and value—today and into the future.