Suncoast Credit Union and Launch Credit Union Announce Merger Plans

The strategic partnership will create a combined organization with over $21 billion in assets and 1.4 million members across Florida.

Published on Feb. 20, 2026

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Suncoast Credit Union and Launch Credit Union have announced plans to merge, subject to regulatory approval and a Launch Credit Union membership vote. The combined organization will hold more than $21 billion in assets, serve approximately 1.4 million members, and employ almost 3,000 people across 96 branches throughout Florida.

Why it matters

The merger reflects a proactive and intentional step that aims to better serve members, support employees, and expand positive impact in the communities where both credit unions operate. As member-owned cooperatives, the merger will strengthen the institutions' ability to deliver value through competitive loan rates, meaningful dividends, and a deep commitment to community support.

The details

The effective date of the merger is expected to be late 2026, with full operational integration extending into 2027. There will be no job losses or branch closures as a result of the merger. Kevin Johnson, current President/CEO of Suncoast Credit Union, would lead the combined credit union following the merger, while Joe Mirachi, current President/CEO of Launch Credit Union, plans to retire after the merger is completed.

  • The effective date of the merger is expected to be late 2026.
  • Full operational integration is expected to extend into 2027.

The players

Suncoast Credit Union

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.

Launch Credit Union

A full-service, community-based credit union serving more than 86,000 members with 17 branches located throughout Brevard and Volusia counties in Florida.

Kevin Johnson

The current President/CEO of Suncoast Credit Union, who would lead the combined credit union following the merger.

Joe Mirachi

The current President/CEO of Launch Credit Union, who plans to retire after the merger is completed.

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What they’re saying

“This decision is rooted in our commitment to members, employees, and the communities we serve. With Launch Credit Union we found an ideal partner that shares our values, financial strength, and commitment to employees and communities. Together we're ensuring the members we serve today—and those we'll serve in the future—benefit by Growing Together Coast to Coast.”

— Kevin Johnson, President/CEO of Suncoast Credit Union (desertsun.com)

“Our organization is strong, and this merger is a choice to grow from that position of strength. This merger allows us to invest further in our employees, deepen service to our members, and extend our cooperative mission and invest more in the communities we serve.”

— Joe Mirachi, President/CEO of Launch Credit Union (desertsun.com)

What’s next

The merger is subject to regulatory approval and a Launch Credit Union membership vote. As the process moves forward, both credit unions will continue to share timely and transparent information with their respective memberships through their websites and other communication channels.

The takeaway

This merger of two healthy, member-owned credit unions in Florida reflects a strategic partnership that aims to strengthen the institutions' ability to support their members and communities well into the future, while preserving their cooperative values and commitment to local communities.