VyStar Credit Union is a state-chartered credit union headquartered in Jacksonville, Florida, United States of America and is regulated under the authority of the National Credit Union Administration or NCUA. VyStar Credit Union is Northeast Florida’s largest credit union. As of 2008, VyStar CU had $3.6 billion USD in total assets, approximately 347,000 members, and 32 branch locations.
History Of VyStar Credit Union
VyStar Credit union was chartered in April 29, 1952 as Jax Navy Federal Credit Union (JNFCU) at Naval Air Station Jacksonville. Membership was originally open to all civil employees and military personnel and their families. Within 5 years, VyStar’s assets exceeded $1.6 million USD and their membership expanded to more than 6,000.
In 1975 Jax Navy Federal Credit Union opened a second branch. By 1978, membership exceeded 60,000 and a 3rd branch was opened. Over the years, membership and assets rose, reaching 111,000 members and $319 million in total assets in 1986. Jax NFCU continued to open branch locations and increase its members.
In 2001 it became a state-chartered credit union and transformed its name to JNCU or Jax Navy Credit Union. Early the next year, Jax Navy received permission from the government of Florida to accept memberships from people living or working in Duval, Clay, Baker, Nassau, and St. Johns counties.
On JNCU’s 50th anniversary, its name was changed to VyStar Credit Union. In September 2007, VyStar opened a branch office in Bartram Trail High School. VyStar opened 6 more branches in 2008, bringing its total number of 32 branches.
In 2008, VyStar Credit Union acquired a license to operate a real estate agency through VyStar Financial Group which is a subsidiary of the credit union.
VyStar Credit Union Academy of Business and Finance
VyStar CU partnered with Bartram Trail High School in 2007 and formed the VABF or VyStar Academy of Business and Finance. The course teaches different skills that are related to the financial services and business and management industries.
The vision of VyStar Credit Union is to be the primary financial institution for its members and to bring credit union services to more people.
The mission of VyStar Credit Union is to focus on providing the financial needs of its members by providing quality services while maintaining financial soundness.
VyStar promotes integrity, trust, respect, caring, courage, dedication and loyalty.
Because quality service is VyStar’s most important goal, it applies the principals of excellence as a way to focus on quality service for all VyStar Credit Union members and employees.