2021-11-10T08:39:20-06:00 2020-12-31 ERNST & YOUNG US LLP 201 N FRANKLIN STREET STE 2400 TAMPA FL 33602 990 2020-01-01 590690965 Vystar Credit Union % VYSTAR CREDIT UNION -ACTG DP VYST 9047776000 76 South Laura Street Jacksonville FL 32202 JOHN H TURPISH CFO 9049082519 2021-11-10 true JOHN H TURPISH 999009999 Melanie McPeak P01346034 8132254800 2 2020 2022-09-23 18:48:47Z Brian E Wolfburg 76 South Laura Street Jacksonville FL 32202 621411217 false X www.vystarcu.org X Cooperative 1952 FL The mission of VyStar Credit Union is to FOCUS ON SERVING THE FINANCIAL NEEDS OF OUR MEMBERS BY PROVIDING QUALITY SERVICES WHILE MAINTAINING FISCAL SOUNDNESS. 7 6 2384 13 3933813 2245223 0 0 405260532 467104133 58566966 48931499 7817818 4967794 471645316 521003426 724334 1844621 0 0 139669562 172454677 0 0 0 272264407 273323771 412658303 447623069 58987013 73380357 9117136795 10011774367 8325200269 9132048951 791936526 879725416 The mission of VyStar Credit Union is to focus on serving the financial needs of our members by providing quality services while maintaining FISCAL SOUNDNESS. 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 206291 0 true 2384 true true true false false false false false true false X 7 6 false false false false true true true true true false true true true true true true true true true true false FL X VYSTAR CREDIT UNION -ACTG DP 9047776000 76 SOUTH LAURA ST Jacksonville FL 32202 BRIAN E WOLFBURG PRESIDENT/CEO 40.0 0.0 X 1623241 0 35287 CHAD MEADOWS COO 40.0 0.0 X 776190 0 35287 JOHN H TURPISH EVP/CFO 40.0 0.0 X 624319 0 40901 JENNY H VIPPERMAN CHIEF LENDING OFFICER 40.0 0.0 X 579461 0 39645 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 40.0 0.0 X 532956 0 36002 AKIN AGAR CHIEF INFO OFCR (TERM 11/20) 40.0 0.0 X 524022 0 36559 MARY HOLCOMBE MORTGAGE LOAN OFFICER 40.0 0.0 X 483578 0 19484 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 40.0 0.0 X 456512 0 24975 WENDY MOATZ MORTGAGE LOAN OFFICER 40.0 0.0 X 446743 0 28546 RYAN MCINTYRE CHIEF STRATEGY OFFICER 40.0 0.0 X 431924 0 38085 VICKI L ADAMS CHIEF RISK OFFICER (TERM 3/20) 40.0 0.0 X 424782 0 14284 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 40.0 0.0 X 390944 0 36803 DANA KARZAN CHIEF MARKETING OFFICER 40.0 0.0 X 411399 0 15290 JUDITH T WALZ FORMER CHF MKTG & PLANNING OFR 40.0 0.0 X 255087 0 10606 JENNIFER A LUSK BOARD MEMBER 5.0 0.0 X 1317 0 0 GEORGE R BERRY VICE CHAIRMAN 5.0 0.0 X X 0 0 0 LARRY D MYERS BOARD MEMBER 5.0 0.0 X 0 0 0 WILLIAM C VIVIAN SECRETARY 5.0 0.0 X X 0 0 0 PHILIP K SIDDONS TREASURER 5.0 0.0 X X 0 0 0 JONATHAN HOGAN BOARD MEMBER 5.0 0.0 X 0 0 0 DIANE R FEARS BOARD MEMBER 5.0 0.0 X 0 0 0 7962475 0 411754 295 true true false PSCU 560 Carillon Pkwy Saint Petersburg FL 33716 Card Services 12874808 Fiserv Solutions PO Box 300016 Duluth GA 300960300 BANKING AND PAYMENT 9789198 Dana B Kenyon Company 5772 Timuquana Road Jacksonville FL 32207 Construction 8310587 Fiserv PO Box 745148 Atlanta GA 303745148 BANKING AND PAYMENT 4591319 Microsoft Licensing Gp 1950 N Stemmons Fwy Suite 5010 LB Dallas TX 75207 Software Licensing 2592067 129 0 0 0 Interest on loans 525990 318900729 318900729 0 0 Fees & Commissions 525990 132121729 128218209 3903520 0 Title Agency 525990 48092 0 48092 0 Gain on Sale of Loans 525990 6126243 6126243 0 0 CR Life & Disab, GAP, VIS 525990 9907340 9907340 0 0 467104133 24645053 -17799 24662852 0 0 49939 0 49939 0 49939 49939 124694237 100407791 24286446 24286446 24286446 0 0 0 0 0 0 0 0 0 NCUSIF Assessment Refund 525990 1205702 0 0 1205702 Other Rev - Tenant Income 525990 3712153 3712153 0 0 4917855 521003426 466864674 3933813 50204939 1844621 0 0 0 5549942 0 132509679 5056653 19717975 9620428 0 822541 192475 0 0 0 8958106 6044776 83765422 10709422 0 9962729 276925 0 785517 11666738 0 20256122 2019460 Interest Paid to Members 60252778 Provision for Loan Losses 37687517 Member Account Losses 4401727 Loan Programs 14987196 534320 447623069 0 71125627 75319221 430141110 740371756 0 0 12431765 12690083 0 0 0 0 6574488933 7318835372 0 0 0 0 480688172 130021929 250654412 350666243 1524907051 1301917119 0 0 68135623 26899179 25722473 25722473 159529801 159352921 9117136795 10011774367 81158293 103830182 0 0 0 0 0 0 0 0 0 0 1284007662 81241522 0 0 6960034314 8946977247 8325200269 9132048951 X 0 0 0 0 791936526 879725416 791936526 879725416 9117136795 10011774367 73380357 14408533 0 0 0 0 X false true X true false 77699472 77699472 219329623 52128095 167201528 15033968 8864601 6169367 115590973 69029233 46561740 53034136 53034136 350666243 0 Member Deposits 8827909242 Contingent Liability 2745240 Non-Member Deposits 116322765 8946977247 521003426 0 0 521003426 0 0 521003426 447623069 0 0 447623069 0 0 447623069 true American Cancer Society 1430 Prudential Dr Jacksonville FL 32207 131788491 501(c)(3) 6500 PROGRAM SUPPORT American Heart Association PO Box 4002900 Des Moines IA 503402900 135613797 501(c)(3) 7500 PROGRAM SUPPORT Boys & Girls Clubs of Northeast Florida 555 West 25th Street Jacksonville FL 32206 596167630 501(c)(3) 12000 PROGRAM SUPPORT Cecil Field POWMIS Memorial 6112 POW-MIA Mem Pwy Jacksonville FL 32221 812973800 501(c)(3) 55000 PROGRAM SUPPORT Cummer Museum 829 Riverside Avenue Jacksonville FL 32204 592191587 501(c)(3) 50000 PROGRAM SUPPORT Episcopal Children's Services 8443 Baymeadows Rd Suite 1 Jacksonville FL 32256 591146765 501(c)(3) 9400 PROGRAM SUPPORT Feeding Northeast Florida 1116 Edgewood Ave N Unites D E Jacksonville FL 32254 465014769 501(c)(3) 25000 PROGRAM SUPPORT First Coast No More Homeless Pets 6817 Norwood Avenue Jacksonville FL 32208 010709158 501(c)(3) 7500 PROGRAM SUPPORT Greater Jacksonville USO PO Box 108 NAS Jacksonville FL 32212 591052424 501(c)(3) 17500 PROGRAM SUPPORT Groundwork Jacksonville PO Box 13295 Jacksonville FL 32206 472342111 501(c)(3) 125000 PROGRAM SUPPORT IM Sulzbacher Center for the Homeless 611 E Adams St Jacksonville FL 32202 593229898 501(c)(3) 35000 PROGRAM SUPPORT Jacksonville Historical Society 314 Palmetto Street Jacksonville FL 32202 596198589 501(c)(3) 10100 PROGRAM SUPPORT Jacksonville Sports Council 1 Gator Bowl Blvd Jacksonville FL 32202 464077493 501(c)(3) 30300 PROGRAM SUPPORT Jacksonville Symphony 300 Water St 200 Jacksonville FL 32202 596002520 501(c)(3) 75500 PROGRAM SUPPORT Jacksonville University 2800 Univsty Bvd Nth Jacksonville FL 32211 590624412 501(c)(3) 6500 PROGRAM SUPPORT Jacksonville Zoo & Gardens 370 Zoo Parkway Jacksonville FL 32250 591319010 501(c)(3) 88210 PROGRAM SUPPORT Jasmyn Inc PO Box 2973 Jacksonville FL 32203 593284175 501(c)(3) 22793 PROGRAM SUPPORT Leukemia & Lymphoma Society 3505 East Frontage Rd Ste 145 Tampa FL 33607 135644916 501(c)(3) 25000 PROGRAM SUPPORT National Credit Union Foundation 5710 Mineral Point Road Madison WI 53705 391383650 501(c)(3) 15700 PROGRAM SUPPORT National Institute for State Credit Union Exa 1655 N Fort Myer Dr Ste 650 Arlington VA 22209 541205520 501(c)(3) 10000 PROGRAM SUPPORT Nonprofit Center of Northeast Florida 40 East Adams Street Jacksonville FL 32202 593700428 501(c)(3) 20000 PROGRAM SUPPORT Operation New Uniform 8825 Perimeter Pk BD Ste 503 Jacksonville FL 32216 800962807 501(c)(3) 9335 PROGRAM SUPPORT The Arc Jacksonville 1050 NTH Davis St Jacksonville FL 32209 596209603 501(c)(3) 21593 PROGRAM SUPPORT Community Foundation for Northeast Florida 245 Riverside Ave Ste 310 Jacksonville FL 32202 596150746 501(c)(3) 25000 PROGRAM SUPPORT University of North Florida 1 UNF Drive Jacksonville FL 32224 237167701 501(c)(3) 20250 PROGRAM SUPPORT Worldwide Foundation for Credit Unions 5710 Mineral Point Road Madison WI 53705 396093210 501(c)(3) 25000 PROGRAM SUPPORT YMCA of Florida's First Coast 170 Landrum Lne Ponte Vedra Beach FL 32082 590638514 501(c)(3) 55000 PROGRAM SUPPORT 27 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 true true X X X X true false false AKIN AGAR CHIEF INFO OFCR (TERM 11/20) 351858 0 108111 0 64053 0 14250 0 22309 0 560581 0 0 0 VICKI L ADAMS CHIEF RISK OFFICER (TERM 3/20) 113375 0 86537 0 224870 0 7143 0 7141 0 439066 0 0 0 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 337710 0 92353 0 26449 0 14250 0 10725 0 481487 0 0 0 BRIAN E WOLFBURG PRESIDENT/CEO 1085668 0 511568 0 26005 0 14250 0 21037 0 1658528 0 0 0 JOHN H TURPISH EVP/CFO 481486 0 123015 0 19818 0 14250 0 26651 0 665220 0 0 0 CHAD MEADOWS COO 623077 0 132741 0 20372 0 14250 0 21037 0 811477 0 0 0 JENNY H VIPPERMAN CHIEF LENDING OFFICER 445652 0 113412 0 20397 0 14250 0 25395 0 619106 0 0 0 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 415808 0 96863 0 20285 0 14250 0 21752 0 568958 0 0 0 RYAN MCINTYRE CHIEF STRATEGY OFFICER 334467 0 77147 0 20310 0 14250 0 23835 0 470009 0 0 0 DANA KARZAN CHIEF MARKETING OFFICER 129808 0 175000 0 106591 0 10192 0 5098 0 426689 0 0 0 WENDY MOATZ MORTGAGE LOAN OFFICER 49314 0 392356 0 5073 0 9882 0 18664 0 475289 0 0 0 MARY HOLCOMBE MORTGAGE LOAN OFFICER 28745 0 420858 0 33975 0 5797 0 13687 0 503062 0 0 0 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 323981 0 64891 0 2072 0 13662 0 23141 0 427747 0 0 0 JUDITH T WALZ FORMER CHF MKTG & PLANNING OFR 157076 0 95960 0 2051 0 5867 0 4739 0 265693 0 0 0 SCHEDULE J, PART I, LINE 1A COMPENSATION PROVIDED BY ORGANIZATION LISTED IN FORM 990, PART VII, SECTION A TRAVEL FOR SPOUSE IS AVAILABLE TO ALL 13 VOLUNTEERS AND IS INCLUDED IN TAXABLE INCOME. SCHEDULE J, PART I, LINE 4A Vicki Adams was awarded severance in connection with her separation from employment in the amount of $215,813. AKIN AGAR WAS AWARDED SEVERANCE IN CONNECTION WITH HIS SEPARATION FROM EMPLOYMENT IN THE AMOUNT OF $43,365. 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 within the counties defined as 'Northeast Florida'Central Florida', then you and your family members are eligible to become a member of VyStar Credit Union. We currently serve members in 49 counties in Northeastern and Central Florida and 10 counties in Georgia. 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 VP Accounting. The completed 990 is provided to the Board of Directors, CEO and CFO 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 UNION TO IDENTIFY SUSPICIOUS ACTIVITY. 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. SUPPLEMENTAL INFORMATION FORM 990, PART VIII, LINE 2E FORM 8275 IS ATTACHED TO FORM 990-T TO REPORT THE TREATMENT OF THE INCOME. VyStar Financial Group LLC 76 South Laura Street Jacksonville FL 32202 593683267 Title Agency FL 10611615 76580298 VyStar CU