Launch Credit Union and Community Credit Union of Florida End Merger Plan

Launch Credit Union and Community Credit Union of Florida have announced that they have mutually decided not to move forward with their previously proposed merger. In a joint statement, Joe Mirachi, Launch’s President and CEO, along with Laurie Cappelli, President/CEO of Community Credit Union shared that “The reasons why are varied, and the decision to step back from the merger was not driven from financial reasons. Rather, it reflects a mutual recognition that our organizations, while both strong and well-positioned, have unique needs and priorities that didn’t fully align at this time.”

The statement continued, “From the onset of our merger announcement, we committed to transparency and maintaining open lines of communication with our employees and members. The merger process itself is a long journey with many measures along the way to ensure a strong partnership is compatible for our respective credit unions, our members and employees, and the communities we serve.”

Going forward, both credit unions emphasize there will be no disruption for members or employees as they remain financially healthy and positioned for success.