Dec, 31, 2023 — VYSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in JACKSONVILLE, FL with 95 branch locations and about $13.58 billion in total assets. Opened 72 years ago in 1952, VYSTAR CREDIT UNION has about 926,588 members and employs 2,261 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: | 95 branch locations |
| Members: | 926,588 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $13,578,760,388 |
| CEO/Manager: | Brian E Wolfburg |
| Chairperson: | Phillip (Kem) K Siddons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 492,975,553 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,412,467,121 |
| Unsecured Loans | 999,975,923 |
| Other Loans | 4,082,418,174 |
| TOTAL LOANS | 9,505,874,526 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,722,244 |
| Land And Building | 373,961,590 |
| Other Fixed Assets | 113,659,646 |
| NCUSIF Deposit | 98,166,627 |
| All Other Assets | 3,495,334 |
| TOTAL ASSETS | 13,578,760,388 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,425,679,496 |
| Accounts Payable & Other Liabilities | 150,860,030 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 200,000,000 |
| Share Drafts | 2,346,660,459 |
| Regular shares | 2,877,393,363 |
| All Other Shares & Deposits | 4,823,222,476 |
| TOTAL SHARES & DEPOSITS | 10,047,276,298 |
| TOTAL LIABILITIES | 12,824,490,475 |
| Regular Reserve | 0 |
| Other Reserves | -139,797,815 |
| Undivided Earnings | 894,067,728 |
| TOTAL EQUITY | 754,269,913 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,578,760,388 |
| INCOME & EXPENSE | |
| Loan Income | 481,305,519 |
| Investment Income | 131,014,225 |
| Other Income | 49,842,588 |
| Total Employee Compensation & Benefits | 219,087,054 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 237,586,521 |
| Non-operating Income & (Expense) | -5,657,954 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,853,572 |
| Cost of Funds | 241,531,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,581,604 |
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