VyStar Credit Union
|Headquarters||Jacksonville, Florida, U.S.|
|Key people||Terry R. West, President & CEO|
|Products||Savings; checking; consumer loans; mortgages; credit cards|
|Total assets||$4.4B USD (2011)|
VyStar Credit Union, based in Jacksonville, FL, is one of the largest credit unions in the nation, serving more than 464,000 members worldwide. As of 2014, VyStar has over $5.2 billion in assets and 33 branches. Membership is open to people living or working in Alachua, Baker, Bradford, Clay, Columbia, Duval, Flagler, Gilchrist, Hamilton, Levy, Marion, Nassau, Putnam, St. Johns, Suwannee, Union, or Volusia County. VyStar has over 175 ATM locations throughout 17 counties and 39 Walgreens stores in Alachua, Flagler and Volusia Counties.
On April 29, 1952, 12 people knew how hard it was for military and civil service employees to get credit. They also knew that they deserved to get financing for a car, a mortgage for a home, and a personal loan when needed. They began Jax Navy Federal Credit Union with just $5 each and a commitment to help people.
They needed a place they could trust to open an account and save for the future. They wanted to focus on people, not profit. They had fought and worked for the American dream, and they wanted their chance at it. After just one year, 1,100 members had joined, entrusting their financial futures to each other. By the end of the decade, membership had grown to 9,178. In 1962, just 10 years after our beginning, Jax Navy realized that its members counted on their credit union and didn’t want to give up the relationship when they retired. So, membership was extended to military and civil service retirees. As membership grew, so did Jax Navy. They opened new branches for the convenience of their members, both on and off the military base. <
VyStar Academy of Business and Finance
VyStar partnered with Bartram Trail High School in 2007 and formed the VyStar Academy of Business and Finance. The course teaches skills related to the financial services and business management industries.Since then, three other high school branches have opened at Fleming Island High School, Pedro Menendez High School, Samuel W. Wolfson High School, Jean Ribault High School, and Orange Park High School.
Products and Services
Free Checking There are no minimum balance requirements, no monthly fees, and all checking accounts pay interest. VyStar does not charge NSF fees for overdrawing your account when you have other deposit accounts or lines of credit with us**. You can set up direct deposit, access your account via the Internet, pay your bills online, and use our more than 175 VyStar ATMs and 39 ATMs in Walgreens stores that are free for members. • No charge to write a check • No charge to check your balance online or by phone • No charge to transfer money between accounts • No charge to use VyStar’s Check Card • No charge for Direct Deposit of your pay into your account • Earn interest on your daily balance
Auto loans VyStar offers loans for new and used cars, trucks, boats, jet skis, RVs, motorcycles, scooters, new ATVs and classic cars. • Low rates and affordable payments • No-fee, pre-approved VIP Loan Program • Easy application and quick approval at a Branch, through a Call Center, or 100+ dealership partners • Both financing purchases and refinancing existing loans
Mortgage loans VyStar has a full range of competitive fixed- and adjustable- rate mortgage loans with a variety of terms. • Competitive rates • Escrow that pays interest • No Closing Costs offer • No hidden fees or prepayment penalties • No intangible tax at closing • Easy pre-qualification with no obligation
Business services • Business lending services • Real estate, vehicle, and equipment loans • Business lines of credit and business share-secured loans • Business savings and checking services • Business savings certificates with highly competitive yields, daily calculated dividends that are compounded and credited monthly, flexible terms, automatic renewals, tiered certificates with higher yields for higher balances, and the security of NCUA insurance up to $250,000. • Business credit card services. Credit line up to $50,000, competitive interest rates, ATM and cash advances, travel and accident insurance and emergency assistance services, auto rental collision damage waiver program, purchase security and extended protection program, and the VISA liability waiver program. • Business merchant solutions allows businesses to accept credit and debit cards. Processing program gives competitive pricing and personalized services for any size business. • Business tax payments • Business remote check deposit • Business ACH payroll origination
Investment services & products VyStar provides financial analysis and services at no cost or obligation. Members can make a savings and investment plan, protect financial assets, fund education and plan for retirement. VyStar also offers a comprehensive list of value-oriented products and services for members. • Mutual funds • Securities trading • IRAs • Fixed and variable annuities • Asset allocation • Insurance
Credit cards VyStar VISA® cards have no annual fees and low interest rates. • Custom card designs • Free electronic payment services • Security monitoring • Emergency assistance • Safer online shopping
The VyStar Money Makeover Free program helps members take a closer look at their money, then shares unique money management tips and tools to help drive down debt, increase savings, and improve their financial outlook.
The VyStar Kids Club Kids Club members get: • A dividend-bearing savings account • A spend, save & share bank • Their very own membership card • A passbook to keep track of their savings • Free use of in-branch coin counting machines
VyStar encourages and supports its employees when they invest their time, energy, and money in worthwhile organizations and events. Together, their strong commitment to local communities can be seen throughout Northeast Florida, in their leadership and support for the United Way, Lymphoma & Leukemia Society, Jacksonville Heart Walk and March of Dimes campaigns. In addition, their strong support of both large and small events ranging from the Isle of Eight Flags Shrimp Festival in Fernandina Beach and the Jacksonville Air Show to the Olustee Festival in Lake City and the Baker and Clay County Fairs—VyStar has been and will continue to be there to show their ongoing support and commitment.
- Since 2002, when Jax Navy changed its name to VyStar Credit Union, they have expanded their field of membership to 17 counties. ref>"History of VyStar".
- "Bartram Trail High School VyStar Academy of Business and Finance: Academy Description". www.stjohns.k12.fl.us. Retrieved 2009-12-05.
- Weeder, Roger (2007). "Students Run Bank at Bartram Trail". First Coast News. Retrieved 2009-12-05.
- "At Wolfson High's Academy of Finance, lessons come with extra credit". The Florida Times Union. Retrieved 2012-08-07.
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