Jun, 30, 2023 — VYSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 87 branch locations and about $13.23 billion in total assets. Opened 71 years ago in 1952, VYSTAR CREDIT UNION has about 847,497 members and employs 2,288 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VYSTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 76 S Laura St JACKSONVILLE, FL 32202-3433 |
| Phone: | (904) 777-6000 |
| Fax: | |
| Website: | https://www.vystarcu.org |
| Branches: | 87 branch locations |
| Members: | 847,497 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68490 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $13,229,701,340 |
| CEO/Manager: | Brian E Wolfburg |
| Chairperson: | Phillip (Kem) K Siddons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 386,776,694 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,212,873,589 |
| Unsecured Loans | 884,712,455 |
| Other Loans | 3,922,329,604 |
| TOTAL LOANS | 9,029,580,614 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,344,834 |
| Land And Building | 299,436,866 |
| Other Fixed Assets | 137,789,786 |
| NCUSIF Deposit | 96,792,108 |
| All Other Assets | 960,645 |
| TOTAL ASSETS | 13,229,701,340 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,469,270,219 |
| Accounts Payable & Other Liabilities | 99,655,800 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 200,000,000 |
| Share Drafts | 2,524,064,396 |
| Regular shares | 3,357,084,307 |
| All Other Shares & Deposits | 4,864,672,809 |
| TOTAL SHARES & DEPOSITS | 10,745,821,512 |
| TOTAL LIABILITIES | 12,514,747,531 |
| Regular Reserve | 0 |
| Other Reserves | -206,914,266 |
| Undivided Earnings | 921,868,075 |
| TOTAL EQUITY | 714,953,809 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,229,701,340 |
| INCOME & EXPENSE | |
| Loan Income | 268,621,240 |
| Investment Income | 56,032,717 |
| Other Income | 30,151,016 |
| Total Employee Compensation & Benefits | 156,794,106 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 166,385,046 |
| Non-operating Income & (Expense) | 5,171,769 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,273,971 |
| Cost of Funds | 62,185,209 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 58,108,954 |
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