A Big Step Forward: Regulatory Approval Received

Suncoast Credit Union and Launch Credit Union are moving forward with a planned merger following regulatory approval. This partnership brings together two strong, community-focused credit unions to better serve members and communities across Florida.

We are uniting our strengths to expand our community impact and increase our ability to adapt to the changing financial landscape. By pooling our resources and expertise, we can unlock more value for members, enhance tools for our employees, and achieve more together for the community than we ever could individually.

Launch Credit Union is a well-respected credit union with a 63-year history and a positive workplace culture. Like Suncoast, they are mission-driven and operate with a "member-first" philosophy, ensuring that everything they do is with the member in mind. They are deeply dedicated to giving back to their members and their communities.

To learn more about the impacts to Launch members specifically please visit the Launch Credit Union landing page.

Yes, 100%. Both Boards of Directors are fully on board and excited about the benefits this "win-win" partnership brings to members, employees, and our communities.

Absolutely. Both credit unions are committed to remaining member-owned, not-for-profit financial cooperatives. This merger allows us to grow responsibly while staying true to our mission of putting members first.

• Suncoast Members: No changes are planned for you. Consider it business as usual. You will continue using the same account numbers, checks, and access methods.
• Launch Credit Union Members: 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. To learn more about the member vote open to Launch Credit Union members visit the Launch landing page: https://www.launchcu.com/growing-together-coast-to-coast/

We are happy to have you as a member of both! For now, continue using your accounts as normal. As we get closer to the transition date, we will provide clear updates and support to help you through the process.

This merger brings exciting opportunities for career growth and enhanced resources. Both organizations are deeply committed to maintaining a supportive workplace, retaining all employees, and ensuring the teams our members trust remain in place.

Kevin Johnson, Suncoast’s President and CEO with over 40 years of Suncoast leadership, will continue to lead the combined organization.

We are retaining the name Suncoast Credit Union. For a short period after the legal merger, existing Launch Credit Union branches will be designated as “Launch Credit Union, a division of Suncoast Credit Union”. An official name change for those branches will occur closer to the full system integration.

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 proposal must be approved by a majority of Launch Credit Union members who vote. Suncoast members are not required to vote on this merger.

We are committed to transparency. We will share important notices, dates, and events as the process continues. If you have questions, you can reach out via any of our communications channels. 

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.