VyStar Credit Union

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VyStar Credit Union
Credit union
IndustryFinancial services
Founded1952
HeadquartersJacksonville, Florida
Number of locations
49
Key people
Brian Wolfburg , President & CEO
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments
Total assets$8.2B USD (Feb. 2019)
Number of employees
1,300+
Websitehttps://vystarcu.org

VyStar Credit Union, headquartered in Jacksonville, Florida, is state chartered by the Florida Office of Financial Regulation and federally insured by the National Credit Union Share Insurance (NCUSIF) offered by the National Credit Union Administration (NCUA). VyStar offers deposit and loan services for consumers and businesses, as well as non-deposit products and services such as investments, retirement planning, and financial counseling.

History[edit]

Initially known as Jax Navy Federal Credit Union, VyStar was chartered in 1952 by 12 founding members with $60 at the Naval Air Station Jacksonville to provide civil service and military personnel and their families a safe place to save and borrow money. A year later, 1,100 members had joined. By the end of the decade, membership had grown to 9,178. As membership continued grow, so did Jax Navy Federal as they opened new branches on and off the military base to serve their expanding membership. In 2002, Jax Navy celebrated its 50th anniversary and changed its name to VyStar Credit Union.[citation needed]

Organization[edit]

VyStar is a not-for-profit financial cooperative owned by its members and governed by a volunteer Board of Directors. As of February 2019, VyStar has $8.2 billion in assets and over 640,000 members. They have 49 full-service branches, 14 high school branches, and over 230 ATMs located in Northeast and Central Florida.[citation needed]

VyStar is the First Coast's fourth largest financial institution, second largest mortgage lender, and 14th largest employer. Nationally, VyStar is ranked as the 17th largest credit union in the country by asset size among 5,800+ credit unions.[1]

Membership[edit]

VyStar membership is extended to anyone who lives or works within 22 counties of Northeast and Central Florida, including Alachua, Baker, Bradford, Brevard, Clay, Columbia, Duval, Flagler, Gilchrist, Hamilton, Lake, Levy, Marion, Nassau, Orange, Putnam, St. Johns, Seminole, Sumter, Suwannee, Union, and Volusia counties. Louisiana

VyStar Academy of Business and Finance[edit]

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.[2][3] Since then, seven other high school branches have opened at Fleming Island High School, Pedro Menendez High School, Samuel W. Wolfson High School, Jean Ribault High School, Orange Park High School, Yulee High School, and West Nassau High School.[4]

References[edit]

  1. ^ https://vystarcu.org/About-Us. Missing or empty |title= (help)
  2. ^ "Bartram Trail High School VyStar Academy of Business and Finance: Academy Description". www.stjohns.k12.fl.us. Archived from the original on 2009-03-06. Retrieved 2009-12-05.
  3. ^ Weeder, Roger (2007). "Students Run Bank at Bartram Trail". First Coast News. Retrieved 2009-12-05.
  4. ^ "At Wolfson High's Academy of Finance, lessons come with extra credit". The Florida Times Union. Retrieved 2012-08-07.