2022-11-03T10:09:17-05:00 2021-12-31 ERNST & YOUNG US LLP 201 N FRANKLIN STREET STE 2400 TAMPA FL 33602 990 2021-01-01 590690965 Vystar Credit Union % VYSTAR CU - ACCTG DEPT VYST 9047776000 76 SOUTH LAURA STREET Jacksonville FL 32202 BRIAN E WOLFBURG CEO 9049082519 2022-11-02 true BRIAN E WOLFBURG 999009999 Melanie McPeak P01346034 8132254800 2022-11-01 2 2021 2022-09-23 18:48:47Z Brian E Wolfburg 76 SOUTH LAURA STREET Jacksonville FL 32202 770585183 false X www.vystarcu.org X Cooperative 1952 FL VyStar Credit Union exists to serve the financial needs of our members by providing quality products and services while maintaining fiscal soundness. 9 9 2709 11 4503409 1962808 0 0 467104133 503866094 48931499 46844966 4967794 4262910 521003426 554973970 1844621 1971741 0 0 172454677 188632140 0 0 0 273323771 257314797 447623069 447918678 73380357 107055292 10011774367 11652125153 9132048951 10715904929 879725416 936220224 VyStar Credit Union exists to serve the financial needs of our members by providing quality products and services while maintaining fiscal soundness. Our purpose is to Do Good and our core value is to Lead by Example in everything we do. false false Provide consumer and business loan products to members at competitive rates with MINIMUAL OR NO FEES. Provide deposit products to individual members and business members at competitive rates with MINIMUAL OR NO FEES. Provide investment, insurance, and title agency services to members with MINIMAL FEES. false false false false false false false false true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false true false false false true 220421 0 true 2709 true true true false false false false false true false X 9 9 false false false false true true true true true false true true true true true true true true true true false FL GA X VYSTAR CU - ACCTG DEPT 9047776000 76 SOUTH LAURA STREET Jacksonville FL 32202 BRIAN E WOLFBURG PRESIDENT/CEO 40.0 0.0 X 1775069 0 38332 CHAD MEADOWS COO 40.0 0.0 X 831625 0 38332 JOHN H TURPISH EVP/CFO 40.0 0.0 X 646407 0 38915 JENNY H VIPPERMAN CHIEF LENDING OFFICER 40.0 0.0 X 609314 0 41286 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 40.0 0.0 X 593159 0 39349 ROBERT L DAVIS Term 621 CHIEF HUMAN RESOURCES OFFICER 40.0 0.0 X 579783 0 19975 RYAN MCINTYRE CHIEF STRATEGY OFFICER 40.0 0.0 X 532206 0 41225 AKIN AGAR CHIEF INFO OFCR (TERM 11/20) 0.0 0.0 X 463467 0 23446 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 40.0 0.0 X 430378 0 39211 DANA KARZAN CHIEF MARKETING OFFICER 40.0 0.0 X 374375 0 32417 JENNIFER KOUCHIS Senior VP Real Estate Lending 40.0 0.0 X 336359 0 37056 KIM JOHNSON Mortgage Loan Officer 40.0 0.0 X 339156 0 33660 WENDY MOATZ MORTGAGE LOAN OFFICER 40.0 0.0 X 343077 0 29048 LISA COCHRAN Chief Information Officer 40.0 0.0 X 296495 0 9290 WILLIAM VIVIAN VICE CHAIRMAN 5.0 0.0 X X 2768 0 0 DIANE R FEARS SECRETARY 5.0 0.0 X X 1694 0 0 SUSAN M RUFFIN TERM 321 BOARD MEMBER 5.0 0.0 X 0 0 0 George R Berry BOARD MEMBER 5.0 0.0 X 0 0 0 VICTOR Blackshear BOARD MEMBER 5.0 0.0 X 0 0 0 Eric Hatfield TREASURER 5.0 0.0 X X 0 0 0 Jonathan Hogan BOARD MEMBER 5.0 0.0 X 0 0 0 Jennifer Lusk BOARD MEMBER 5.0 0.0 X 0 0 0 PHILLIP K SIDDONS CHAIRMAN 5.0 0.0 X X 0 0 0 Larry Myers BOARD MEMBER 5.0 0.0 X 0 0 0 8155332 0 461542 324 true true false PSCU 560 CARILLON PKWY SAINT PETERSBURG FL 33716 CARD SERVICES 10836507 FISERV PO BOX 745148 ATLANTA GA 303745148 BANKING AND PAYMENT 10250979 FISERV SOLUTIONS PO BOX 300016 DULUTH GA 300960300 BANKING AND PAYMENT 9946507 VISA USA Inc PO Box 742233 LOS ANGELES CA 900742233 DEBIT CARD NETWORK 8521523 FIDELITY NATIONAL INFORMATION SERVI 601 RIVERSIDE AVENUE JACKSONVILLE FM 32204 CORE PROCESSING 6421221 213 0 INTEREST ON LOANS 525990 325664664 325664664 FEES & COMMISSIONS 525990 159813897 155015698 4798199 TITLE AGENCY 525990 38578 38578 GAIN ON SALE OF LOANS 525990 6468192 6468192 CR LIFE & DISAB, GAP, VIS 525990 11880763 11880763 503866094 25298396 -333368 25631764 0 0 97065 0 97065 0 97065 97065 237157783 215611213 21546570 21546570 21546570 0 0 0 0 0 0 0 0 0 NCUSIF ASSESSMENT REFUND 525990 575400 575400 OTHER REV - TENANT INCOME 525990 3590445 3590445 4165845 554973970 502619762 4503409 47850799 1971741 0 0 0 6362088 0 144739775 6129262 20581798 10819217 0 856997 162334 0 0 0 11542630 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447918678 Part XI LINE 4B Intangible asset amortization expense Part XII LINE 4B Intangible asset amortization expense true American Heart Association PO Box 4002900 Des Moines IA 503402900 135613797 501(c)(3) 7500 PROGRAM SUPPORT Cathedral Arts Project 207 N Laura Street Suite 300 Jacksonville FL 32202 593672453 501(c)(3) 44055 PROGRAM SUPPORT Cecil Field POWMIS Memorial 6112 POW-MIA Mem Pwy Jacksonville FL 32221 812973800 501(c)(3) 300000 PROGRAM SUPPORT Cummer Museum 829 Riverside Avenue Jacksonville FL 32204 592191587 501(c)(3) 50000 PROGRAM SUPPORT Downtown Vision Alliance 214 North Hogan St Jacksonville FL 32202 205076887 501(c)(3) 5608 PROGRAM SUPPORT Groundwork Jacksonville PO Box 13295 Jacksonville FL 32206 472342111 501(c)(3) 125000 PROGRAM SUPPORT Jacksonville Historical Society 314 Palmetto Street Jacksonville FL 32202 596198589 501(c)(3) 10000 PROGRAM SUPPORT Jacksonville University 2800 Univsty BLVD Jacksonville FL 32211 590624412 501(c)(3) 50000 PROGRAM SUPPORT Jasmyn Inc PO Box 2973 Jacksonville FL 32203 593294175 501(c)(3) 116343 PROGRAM SUPPORT Leukemia & Lymphoma Society 3 INTERNATIONAL DRIVE SUITE 200 RYE BROOK NY 10573 135644916 501(c)(3) 30000 PROGRAM SUPPORT National Credit Union Foundation 5710 Mineral Point Road Madison WI 53705 391383650 501(c)(3) 10000 PROGRAM SUPPORT Operation New Hope 1830 North Main St Jacksonville FL 32206 593590360 501(c)(3) 10000 Program support The Arc Jacksonville 1050 N Davis St Jacksonville FL 32209 596209603 501(c)(3) 25000 PROGRAM SUPPORT Community Foundation for Northeast Florida 245 Riverside Ave SUITE 310 Jacksonville FL 32202 596150746 501(c)(3) 10000 PROGRAM SUPPORT University of North Florida FOUNDATION 1 UNF Drive BLDG 53 SUITE 2750 Jacksonville FL 32224 237167701 501(c)(3) 10000 PROGRAM SUPPORT YMCA of Florida's First Coast 170 Landrum Lne Ponte Vedra Beach FL 32082 590638514 501(c)(3) 68715 PROGRAM SUPPORT BAPTIST HEALTH FOUNDATION 841 PRUDENTIAL DRIVE SUITE 1300 JACKSONVILLE FL 32207 811755188 501(C)(3) 7280 PROGRAM SUPPORT BAPTIST HEALTH SYSTEM FOUNDATION INC 1325 SAN MARCO BLVD SUITE 802 JACKSONVILLE FL 32207 592487135 501(C)(3) 6927 PROGRAM SUPPORT CATHEDRAL DISTRICT-JAX INC 44461A HENDRICKS AVE JACKSONVILLE FL 32207 813283354 501(c)(3) 9720 PROGRAM SUPPORT FLORIDA COUNCIL ON ECONOMIC EDUCATION 501 S DAKOTA AVE SUITE 1 TAMPA FL 33606 591643458 501(c)(3) 20000 PROGRAM SUPPORT GATOR BOWL SPORTS ONE GATOR BOWL BLVD JACKSONVILLE FL 32202 464077493 501(c)(3) 12980 PROGRAM SUPPORT GIRL SCOUTS OF GATEWAY COUNCIL 1000 SHEARER AVENUE JACKSONVILLE FL 32205 590637857 501(c)(3) 12100 PROGRAM SUPPORT GREATER MIAMI JEWISH FEDERATION 4200 BISCAYNE BLVD MIAMI FL 33137 590624404 501(c)(3) 11000 PROGRAM SUPPORT HISPANIC BUSINESS INITIATIVE FUND OF FL 3201 E COLONIAL DRIVE SUITE A20 ORLANDO FL 32803 593341405 501(c)(3) 5488 PROGRAM SUPPORT JACKSONVILLE HUMANE SOCIETY 8464 BEACH BLVD JACKSONVILLE FL 32216 590624410 501(c)(3) 50500 PROGRAM SUPPORT JACKSONVILLE PUBLIC EDUCATION FUND 40 E ADAMS STREET SUITE 110 JACKSONVILLE FL 32202 592756660 501(c)(3) 60000 PROGRAM SUPPORT JACKSONVILLE SYMPHONY 300 WATER STREET SUITE 200 JACKSONVILLE FL 32202 376138854 501(c)(3) 65000 PROGRAM SUPPORT JEWISH COMMUNITY ALLIANCE 8505 SAN JOSE BLVD JACKSONVILLE FL 32217 592620208 501(c)(3) 40000 PROGRAM SUPPORT LOCAL INITIATIVES SUPPORT CORPORATION 28 LIBERTY STREET FLOOR 34 NEW YORK NY 10005 133030229 501(c)(3) 25000 PROGRAM SUPPORT MOSH JACKSONVILLE 1025 MUSEUM CIRCLE JACKSONVILLE FL 32207 590651090 501(c)(3) 365000 PROGRAM SUPPORT NORTH FLORIDA SCHOOL OF SPECIAL EDUCATION 223 MILL CREEK ROAD JACKSONVILLE FL 32211 593126545 501(c)(3) 9280 PROGRAM SUPPORT ONEJAX INSTITUTE 1 UNF DRIVE BLDG 53 SUITE 2750 JACKSONVILLE FL 32224 237167701 501(c)(3) 9250 PROGRAM SUPPORT READ USA 1001 MAYPORT ROAD 331067 ATLANTIC BEACH FL 32207 474729513 501(c)(3) 10000 PROGRAM SUPPORT SPRINGFIELD PRESERVATION & REVITALIZATION COU 1312 N MAIN ST JACKSONVILLE FL 332064900 592024497 501(c)(3) 25000 PROGRAM SUPPORT THRIVE SCHOLARS 160 STATE STREET FLOOR 3 BOSTON MA 021092540 455619310 501(c)(3) 20000 PROGRAM SUPPORT UF HEALTH JACKSONVILLE 655 W 8TH STREET JACKSONVILLE FL 32209 592142859 501(c)(3) 100000 PROGRAM SUPPORT UNIVERSITY OF FLORIDA FOUNDATION PO BOX 14425 GAINESVILLE FL 326042425 590974739 501(c)(3) 100000 PROGRAM SUPPORT VOLUNTEERS IN MEDICINE JACKSONVILLE 41 E DUVAL STREET JACKSONVILLE FL 32202 753002172 501(c)(3) 8395 PROGRAM SUPPORT WJCT INC 100 FESTIVAL PRK AVE JACKSONVILLE FL 32202 590711482 501(c)(3) 75000 PROGRAM SUPPORT 39 0 Form 990, Schedule I ORGANIZATION'S PROCEDURES FOR MONITORING GRANTS IN THE UNITED STATES: VYSTAR CREDIT UNION PROVIDES GRANTS TO QUALIFIED ORGANIZATIONS LISTED ON SCHEDULE I, PART II. VYSTAR MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNTS OF THE GRANTS GIVEN AND DETERMINES ELIGIBILITY FOR GRANT FUNDS BY CONFIRMING THE EXEMPT STATUS OF THE GRANTEE. ONCE FUNDS ARE TRANSFERRED, THE FILING ORGANIZATION DOES NOT MONITOR THE FUNDS. THE PURPOSE OF THE FUNDS IS AT THE DISCRETION OF THE GRANTEE. X X true true X X X X true false false AKIN AGAR CHIEF INFO OFCR (TERM 11/20) 0 0 103767 0 359700 0 5188 0 18258 0 486913 0 0 0 ROBERT L DAVIS Term 621 CHIEF HUMAN RESOURCES OFFICER 196762 0 106300 0 276721 0 14500 0 5475 0 599758 0 0 0 BRIAN E WOLFBURG PRESIDENT/CEO 1353946 0 390000 0 31123 0 14500 0 23832 0 1813401 0 0 0 JOHN H TURPISH EVP/CFO 491144 0 137571 0 17692 0 14446 0 24469 0 685322 0 0 0 CHAD MEADOWS COO 618808 0 192452 0 20365 0 14500 0 23832 0 869957 0 0 0 JENNY H VIPPERMAN CHIEF LENDING OFFICER 448963 0 136707 0 23644 0 14500 0 26786 0 650600 0 0 0 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 442528 0 130375 0 20256 0 14500 0 24849 0 632508 0 0 0 RYAN MCINTYRE CHIEF STRATEGY OFFICER 371967 0 106098 0 54141 0 14500 0 26725 0 573431 0 0 0 DANA KARZAN CHIEF MARKETING OFFICER 370966 0 0 0 3409 0 14500 0 17917 0 406792 0 0 0 WENDY MOATZ MORTGAGE LOAN OFFICER 34558 0 303258 0 5261 0 9389 0 19659 0 372125 0 0 0 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 312537 0 97032 0 20809 0 14500 0 24711 0 469589 0 0 0 JENNIFER KOUCHIS Senior VP Real Estate Lending 268063 0 51273 0 17023 0 14500 0 22556 0 373415 0 0 0 KIM JOHNSON Mortgage Loan Officer 29482 0 301072 0 8602 0 14500 0 19160 0 372816 0 0 0 LISA COCHRAN Chief Information Officer 295678 0 0 0 817 0 0 0 9290 0 305785 0 0 0 SCHEDULE J, PART I, LINE 1A COMPENSATION PROVIDED BY ORGANIZATION LISTED IN FORM 990, PART VII, SECTION A TRAVEL FOR COMPANION IS AVAILABLE TO ALL 11 VOLUNTEERS, executive team, and key employees AND IS INCLUDED IN TAXABLE INCOME. SCHEDULE J, PART I, LINE 4A AKIN AGAR was awarded severance in connection with his separation from employment in the amount of $332,465. ROBERT DAVIS WAS AWARDED SEVERANCE IN CONNECTION WITH HIS SEPARATION FROM EMPLOYMENT IN THE AMOUNT OF $188,668. FORM 990, PART VI, LINE 6 MEMBERS OR STOCKHOLDERS As a state chartered community credit union, our membership is defined geographically. If you live or work with the 49 counties in Northeast and Central Florida or the 18 counties in Georgia where we have established a field of membership, then you and your family members are eligible to become a member of VyStar Credit union. In addition, past and present military members all over the world may also become members of VyStar Credit Union. FORM 990, PART VI LINE 7A POWER TO ELECT OR APPOINT MEMBERS VyStar Credit Union is a financial cooperative owned by its members. Qualified members may serve on the Board of Directors or Audit Committee. Each year, the chairman of the Board of Directors selects three members to serve on the Nominating Committee along with two existing members of the Board. The Nominating Committee recommends qualified members to fill all Board vacancies. However, if a qualified petition nominating an additional candidate is received from a VyStar member, then a ballot election will be held. If a ballot election is held, members who are 18 or older will have the opportunity to vote for the individuals who will fill the vacancies on the Board from the candidates selected by the Nominating Committee and the candidates submitted via a qualified petition. FORM 990, PART VI, LINE 7B Decisions reserved to member or stockholders Per Florida Statutes, A proposed merger with another financial institution and a proposed charter change (federal, state or bank) are subject to approval by a majority of the votes cast by the members. FORM 990, PART VI, LINE 11B PROCESS USED TO REVIEW THE FORM 990 The Form 990 is reviewed and approved by the SVP Accounting. The completed 990 is provided to the Board of Directors and CEO for their review before the return is filed. FORM 990, PART VI, LINE 12C MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY VyStar has a written Code of Ethics Policy which covers a variety of issues, including conflicts of interest. The Code of Ethics is reviewed annually with the Board of Directors and with all employees. Anytime the Code of Ethics is revised, all officials and employees are required to read and sign the Code of Ethics Statement and Acknowledgement Form. Annually, all officials and employees are required to review and confirm that they have reviewed the Code of Ethics. Employees in the organization's Internal Audit Department regularly conduct audits of officialsemployees' depository and loan accounts at VyStar Credit Union to identify suspicious activity, which helps to monitor and/or identify any conflicts of interest. FORM 990, PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION Each year VyStar Credit Union participates in one or more senior management surveys that are conducted by an independent industry compensation consultant. We include information with regards to time in job, base salary, variable pay, benefits and prerequisites. We also review 990s of other credit unions. The results of these surveys and analyses are used by the Compensation Committee, which is comprised of members of the Board of Directors, to determine the compensation of the CEO. The CEO's compensation and benefits are approved by the Board of Directors. This process has been in place since at least 1999 and was in place for the current year. FORM 990, PART VI, LINE 15B Each year VyStar Credit Union participates in local, regional, and national compensation surveys and consults with independent compensation consultants to determine the market competitiveness of our internal salary program. This information is used to help determine the range for the various pay levels for these individuals. This process has been in place since at least 1999 and was in place for the current year. FORM 990, PART VI, LINE 19 Process for making documents available to the public. VyStar Credit Union's governing documents, policies, procedures, and annual reports are not made available to the general public. Our annual reports are available on our website for the most recent four years. VyStar Financial Group LLC 76 South Laura Street Jacksonville FL 32202 593683267 HLDNG COMPANY FL 3724787 14774518 VyStar CU VyStar Insurance Agency LLC 76 S LAURA STREET JACKSONVILLE FL 32202 861900430 INSURANCE FL 1453557 4312974 VFG VYSTAR TITLE AGENCY LLC 76 S LAURA STREET JACKSONVILLE FL 32202 861875830 TITLE AGENCY FL 3474415 5124099 VFG VYSTAR NML LLC 76 S LAURA STREET JACKSONVILLE FL 32202 861925978 NON-MEM LOANS FL 2194258 32493344 VFG