Vystar Credit Union is headquartered in Jacksonville and is the 2nd largest credit union in the state of Florida. It is also the 19st largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 1,145 employees and 448,910 members. Vystar Credit Union has a A health rating.
Must live or work in Alachua, Baker, Bradford, Clay, Columbia, Duval, Flagler, Gilchrist, Hamilton, Levy, Marion, Nassau, Putnam, St. Johns, Suwannee, Union or Volusia County. - See Details
Hope you never have a problem! Vystar Customer service reps do not listen. I was explaining what I needed and the phone sounded like no one was there. When I didn't get any response to a question, I asked if the rep was listening. She said she didn't have to put up with talk like that and hung up. I called back and told the next person I was upset because I was hung up on and she all but called me a liar and hung up. I thought calls WERE the job ... not an interruption to what ever they were doing. POOR CUSTOMER SERVICE!!!
I filed bankruptcy a little over a year ago. I defaulted on a boat loan and a credit card.
I re-affirmed the auto loan I had.
I have one payment left on the auto loan and when I called to find out the pay off they told me I still owed $40,000.00.
The pay off is supposed to be only around $450.00.
They had placed a lien on my truck for the boat and credit card loss and said they would not release the title until I paid the rest.
How is it legal to do this. If I had know they could do this I would have not reaffirmed the auto loan.
NO ONE explained they could do this during the bankruptcy.
DO NOT EVER USE VYSTAR CREDIT UNION!!!!
Long story short. I applied for a auto loan through vystar. I am out of state and no where near my usual vystar location. When I talked to a vystar representative she claimed this would be an easy process. If I would have know the trouble they caused I would have turned away and ran! Every day I called to check on my auto loan process and everyday they needed a different piece of paper work faxed. There is no problem with needing something faxed but every other day it was 6 more documents and documents I already faxed. The owner of the car that I am purchasing sent the title and the bank lost it! They eventually found it but needless to say they have awful communication with one another. Every representative I talked to had different needs. I would not recommend using vystar. They are just IRRESPONSIBLE!
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Vystar Credit Union had $31.73 million in non-current loans and owned real-estate with $502.46 million in equity and loan loss allowances on hand to cover it. This gives Vystar Credit Union a Texas Ratio of 6.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Vystar Credit Union decreased slightly from 7.76% as of December 31, 2012 to 6.32% as of December 31, 2013, resulting in a positive change of 18.65%.This indicates that the balance sheet and financial strength for Vystar Credit Union has improved slightly in recent periods.
In the past year, Vystar Credit Union has increased its total deposits by $187.16 million, resulting in 4.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Vystar Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Vystar Credit Union has $4.95 billion in assets with $502.46 million in equity, resulting in a capitalization level of 10.15%, which is above average.
|Assets and Liabilities|
|Equity Capital||$451.39 million|
|Loan Loss Allowance||$51.07 million|
|Unbacked Noncurrent Loans||$26.85 million|
|Real Estate Owned||$4.88 million|
|Historic Data - December 2012|
|Equity Capital||$431.45 million|
|Loan Loss Allowance||$66.26 million|
|Unbacked Noncurrent Loans||$26.85 million|
|Real Estate Owned||$5.51 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.27%|
|Return on Assets||1.01%|
|Return on Equity||11.12%|
|Interest Income||$164.18 million|
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|0.46%||$100k||-||Health Savings Account|
|0.25%||-||-||Kids Club Savings|
|0.46%||$100k||-||Business Money Market|
|0.46%||$100k||-||Money Market Account|
|0.10%||-||-||Business Club Checking|
|0.10%||-||-||Small Business Checking|
|0.10%||-||-||Regular Business Checking|
|1.51%||$50k||-||60 Month CD|
|1.51%||$50k||-||Business 60 Month CD|
|1.21%||$50k||-||48 Month CD|
|1.21%||$50k||-||Business 48 Month CD|
|1.01%||$50k||-||36 Month CD|
|1.01%||$50k||-||Business 36 Month CD|
|0.86%||$50k||-||30 Month CD|
|0.86%||$50k||-||Business 30 Month CD|
|0.81%||$50k||-||24 Month CD|
|0.81%||$50k||-||Business 24 Month CD|
|0.71%||$50k||-||18 Month CD|
|0.71%||$100||-||12 Month Kid's CD|
|0.71%||$100||-||12 Month VyTeen Member CD|
|0.71%||$100||-||12 Month Bravo Member CD|
|0.71%||$100||-||12 Month Achieve Member CD|
|0.71%||$50k||-||Business 18 Month CD|
|0.66%||$50k||-||12 Month CD|
|0.66%||$50k||-||Business 12 Month CD|
|0.46%||$50k||-||9 Month CD|
|0.46%||$50k||-||Business 9 Month CD|
|0.41%||$50k||-||6 Month CD|
|0.41%||$50k||-||Business 6 Month CD|
|0.31%||$50k||-||3 Month CD|
|0.31%||$50k||-||Business 3 Month CD|
|1.51%||$50k||-||60 Month IRA|
|1.21%||$50k||-||48 Month IRA|
|1.01%||$50k||-||36 Month IRA|
|0.86%||$50k||-||30 Month IRA|
|0.81%||$50k||-||24 Month IRA|
|0.71%||$50k||-||18 Month IRA|
|0.66%||$50k||-||12 Month IRA|
|0.46%||$50k||-||9 Month IRA|
|0.41%||$50k||-||6 Month IRA|
|0.31%||$50k||-||3 Month IRA|