Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
24 people listed on the 990; $2.2M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Joseph Mirachi | $782,424 | $592,202 | $499,727 | $452,456 |
| Gary Levar | $331,929 | $283,303 | $255,397 | $205,439 |
| Mark Brewer | $305,547 | $272,326 | $240,469 | $197,860 |
| Jane Schropp | $297,784 | $243,487 | $214,442 | $165,254 |
| Kevin Lebeau | $281,072 | $265,070 | $246,116 | $198,734 |
| Sharal Henderson | $227,318 | — | — | — |
| Michael D'Acquisto | $193,130 | $174,693 | $168,341 | $144,845 |
| Angela Crosby | $178,664 | $167,885 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides members affordable loans and financial services to promote thrift and improve their financial well-being.
Questions for Launch Credit Union
Your first name shows with your question. Launch Credit Union answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $149.9M | $153.9M |
| InvestmentsLn 11–13 | $20.1M | $22.5M |
| Land, buildings, equipmentLn 10c | $35.5M | $37.5M |
| Total assetsLn 16 | $1.07B | $1.37B |
| LiabilitiesLn 26 | $963.8M | $1.26B |
| Net assetsLn 32 | $107.9M | $114.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $152K | |||
| Pay of current officers, directors and key staffLn 5 | $1.7M | |||
| Other salaries and wagesLn 7 | $16.8M | |||
| Pension plan contributionsLn 8 | $545K | |||
| Other employee benefitsLn 9 | $4.2M | |||
| Payroll taxesLn 10 | $1.5M | |||
| Legal feesLn 11b | $186K | |||
| Accounting feesLn 11c | $142K | |||
| Other fees for servicesLn 11g | $840K | |||
| Advertising and promotionLn 12 | $1.3M | |||
| Office expensesLn 13 | $1.8M | |||
| Information technologyLn 14 | $3.9M | |||
| OccupancyLn 16 | $1.7M | |||
| Conferences, conventions and meetingsLn 19 | $388K | |||
| InterestLn 20 | $2.4M | |||
| Depreciation, depletion and amortizationLn 22 | $4.0M | |||
| InsuranceLn 23 | $355K | |||
| Other expenses (24a–d)Ln 24 | $8.8M | |||
| All other expensesLn 24e | $4.7M | |||
| Total functional expensesLn 25 | $55.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $85.2M | $80.5M | $4.8M | $124.4M | 990 PDF |
| FY2023 | $78.1M | $71.6M | $6.5M | $119.6M | 990 PDF |
| FY2022 Viewing | $62.0M | $55.4M | $6.7M | $114.2M | 990 PDF |
| FY2021 | $50.0M | $44.4M | $5.5M | $107.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $62,026,776 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $62,026,776 across 5 lines filed
Part IX · Statement of functional expenses $55,371,601 across 19 lines filed
Part X · Balance sheet $1,374,535,703 assets, 13 lines filed
Part XI · Reconciliation of net assets $114,235,016 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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