#214 of 500 · Member & Benefit Funds

State Chartered Credit Unions In Florida

EIN 59-0690965 · FL · NTEE n/a · Form 990, fiscal 2023

This IRS filing, under the group name 'State Chartered Credit Unions in Florida,' corresponds to VyStar Credit Union, a state-chartered, member-owned, not-for-profit financial cooperative headquartered in Jacksonville, Florida. Founded in 1952, VyStar provides banking services including savings and checking accounts, loans, mortgages, and other financial products to members across Florida and parts of Georgia. It is one of the largest credit unions in the United States and files as a 501(c)(14) tax-exempt credit union.

Financials, fiscal 2023

Revenue

$759.7M

Expenses

$735.2M

Total assets

$13.58B

Net assets

$754.1M

Operating margin

3.2%

1-year growth

17.7%

5-year growth (CAGR)

12.7%

Reserve (years of spending)

12.3

Contributions share

n/a

Programme spending

82.8%

Fundraising cost

n/a

Executive pay share

0.80%

Employees

2,976

Revenue per employee

$255K

Grants paid

$2.0M

Years filing

51

NFP Health Score: 72 / 100

Financial 53 · Governance 90 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To focus on serving the financial needs of our members by providing quality services while maintaining fiscal soundness.

Revenue history