Average User Rating:
1 star rating based on 2 reviews.

Vystar Credit Union

4949 Blanding Blvd
Jacksonville, FL 32210
904-777-6000
www.vystarcu.org

NCUA

OverView
Rates
Health
Reviews

Vystar Credit Union is headquartered in Jacksonville and is the 2^nd largest credit union in the state of Florida. It is also the 21^st largest credit union in the nation. It was established in 1952 and as of December of 2012, it had grown to 1,085 employees and 427,969 members. Vystar Credit Union has a 5-star health rating.

Vystar Credit Union Routing Number: 263079276

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Vystar Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%	-	-	Business Club Checking
0.10%	-	-	Small Business Checking
0.10%	-	-	Regular Business Checking
0.10%	-	-	Regular Checking
0.10%	-	-	VyTeen Checking
0.10%	-	-	Bravo Checking
0.10%	-	-	Achieve Checking

Vystar Credit Union Savings Account Rates

Apy	Min	Max	Product
0.56%	$100k	-	IRA Savings
0.46%	$100k	-	Health Savings Account
0.25%	-	-	Business Savings
0.25%	-	-	Primary Savings
0.25%	-	-	Kids Club Savings
0.25%	-	-	VyTeen Savings
0.25%	-	-	Bravo Savings
0.25%	-	-	Achieve Savings
0.25%	-	-	Regular Savings

Vystar Credit Union Money Market Rates

Apy	Min	Max	Product
0.46%	$100k	-	Business Money Market
0.46%	$100k	-	Money Market Account

Vystar Credit Union CD Rates

Apy	Min	Max	Product
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

Vystar Credit Union IRA Rates

Apy	Min	Max	Product
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

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

VYSTAR
NCUA #	68490
BankRate Report	View
Year Chartered	1952
Employees	1085
Primary Regulator
Assets and Liabilities
Assets	$4.70 billion
Loans	$2.83 billion
Deposits	$3.80 billion
Equity Capital	$431.45 million
Loan Loss Allowance	$66.26 million
Unbacked Noncurrent Loans	$33.13 million
Real Estate Owned	$5.51 million
Historic Data - December 2011
Assets	$4.39 billion
Equity Capital	$396.64 million
Loan Loss Allowance	$68.84 million
Unbacked Noncurrent Loans	$51.37 million
Real Estate Owned	$8.84 million
Profit Margin - Quarterly
Net Interest Margin	4.63%
Return on Assets	0.59%
Return on Equity	6.4%
Interest Income	$169.16 million
Non-Interest Income	$67.84 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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, 2012 Vystar Credit Union had $38.64 million in non-current loans and owned real-estate with $497.71 million in equity and loan loss allowances on hand to cover it. This gives Vystar Credit Union a Texas Ratio of 7.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Vystar Credit Union decreased slightly from 12.93% as of December 31, 2011 to 7.76% as of December 31, 2012, resulting in a positive change of 39.98%.This indicates that the balance sheet and financial strength for Vystar Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Vystar Credit Union has increased its total deposits by $292.47 million, resulting in 8.33% 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.
Capitalization
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 $4.7 billion in assets with $497.71 million in equity, resulting in a capitalization level of 10.60%, which is above average.

Title Issue
1 stars

- captmallyboog - Friday, June 8, 2012 - 5:24 PM

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!!!!

Loss Of Comunnication!
1 stars

- angel01 - Tuesday, August 21, 2012 - 5:37 PM

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!