Launch Credit Union members have approved a merger with Tampa-based Suncoast Credit Union, clearing the way for a combined financial institution with more than 1.5 million members and $22 billion in assets.
The merger will take effect Sept. 1, the credit unions announced Wednesday. The combined organization will operate under the Suncoast name, extending Florida’s largest credit union deeper into the Space Coast.
Nearly 80% of Launch members who participated in a 45-day voting period supported the deal, according to the credit unions. The merger had already received approval from both organizations’ boards and the National Credit Union Administration, the federal agency that regulates and insures credit unions…