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Suncoast Credit Union provides banking and financial services to members in Florida through a cooperative credit union with 80+ branches and digital channels. Its products include low-fee checking and savings, lending, retirement and investing services, and insurance, funded by member deposits and accessed by members via branches and online platforms. It differs from traditional banks through its cooperative member focus, large branch network, and a strong commitment to community impact through the Suncoast Foundation; it also offers tailored options for educators and residents across Florida. Its goal is to support members' everyday financial needs, help them save and borrow wisely, and reinvest profits into member benefits and community programs.
Industries
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Tampa, Florida
Founded
1934
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Launch Credit Union members have approved a merger with Suncoast Credit Union, with 79.5% of voting members supporting the proposal. The merger will legally take effect on 1 September 2026, though full integration is expected by summer 2027. Launch currently serves more than 86,000 members across Florida's Space Coast with 17 branches in Brevard and Volusia counties. Upon completion, the combined organisation will serve over 1.5 million members and manage more than $22 billion in assets. Kevin Johnson, president and CEO of Suncoast Credit Union, will lead the merged entity, whilst Launch CEO Joe Mirachi is retiring. No branches will close and no job losses are anticipated. Launch members will receive a special dividend of up to $15 million before the merger takes effect, and $5 million will be invested in nonprofit organisations throughout Florida's Space Coast.
InvestiFi, a platform enabling credit unions and community banks to offer digital investing within online banking, has raised $20 million in funding. Vibe Credit Union led the round, with participation from BankTech Ventures, Idaho Central Credit Union, and several other credit unions. The company has grown from four clients in 2024 to over 60 signed financial institutions as of July 2026. InvestiFi's platform offers fractional stock and ETF investing, guided investing, IRAs, and cryptocurrency trading, all accessible directly from checking or savings accounts. According to Cornerstone Advisors research, nearly half of Gen Z and Millennials are investing, with 43% transferring money to third-party platforms. InvestiFi aims to help community financial institutions retain these assets and compete with larger brokerages and neobanks.
The Ryan Nece Foundation and Community Tampa Bay recently came together to co-host the 5th Annual Youth Service Leadership Summit, which was generously presented by Suncoast Credit Union.
Community Food Bank receives $20,000 grant from Suncoast Credit Union.
STARability awarded $7,500 grant from Suncoast Credit Union to support Jr.
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Industries
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Tampa, Florida
Founded
1934
Find jobs on Simplify and start your career today