VyStar Credit Union
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| Credit union | |
| Industry | Financial services |
| Founded | 1952 |
| Headquarters | Jacksonville, Florida, US |
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Number of locations
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43 |
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Key people
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Terry R. West, President & CEO Rodney Tonge, MRS III Candi Leverett, Teller III |
| Products | Savings; checking; consumer loans; mortgages; credit cards; investments |
| Total assets | $5.22B USD (2014) |
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Number of employees
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1,159 full-time, 58 part time |
| Website | Vystarcu.org |
VyStar Credit Union, based in Jacksonville, FL, is the 19th largest credit unions in the nation, serving more than 540,000 members worldwide. As of April 2017, VyStar has over $6.5 billion in assets and 41 branches. Membership is open to people living or working in Alachua, Baker, Bradford, Brevard, Clay, Columbia, Duval, Flagler, Gilchrist, Hamilton, Lake, Levy, Marion, Nassau, Orange, Putnam, St. Johns, Seminole, Sumter, Suwannee, Union, or Volusia County. VyStar has over 200 ATM locations throughout 14 counties and 39 Walgreens stores in Alachua, Flagler and Volusia Counties.
On April 29, 1952, 12 civil service employees had difficulty, as did other military and civil service employees, in getting credit. These employees needed financing for either a car, home mortgage or personal loan. These 12 began Jax Navy Federal Credit Union with $5 each and a commitment to help other military and civil service employees, so membership was limited to just these people.
Jax Navy's focus was on its members, not profit. After one year, 1,100 members had joined. By the end of the 1950s, membership had grown to 9,178. In 1962, Jax Navy had built member loyalty and did not want to lose members on retirement. 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 area military bases.
Since 2002, when Jax Navy changed its name to VyStar Credit Union, the membership requirements were changed to anyone living or working in the 17-county Northeast Florida area.
As of December 2013, VyStar had nearly $4.02 billion in deposits from 447,454 members.
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, six 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, and West Nassau High School.
Free Checking There are no minimum balance requirements, no monthly fees and all checking accounts pay interest. VyStar has internet account access via a web browser or mobile app, can web bill pay, and has more than 200 VyStar ATMs and 39 ATMs in Walgreens stores that are free to use for its members.
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Wikipedia