2023-11-14T21:40:29+00:00 2022-12-31 346565596 ERNST & YOUNG US LLP 201 N FRANKLIN ST TAMPA FL 33602 990 2022-01-01 590690965 VyStar Credit Union VYST 9047776000 76 SOUTH LAURA STREET JACKSONVILLE FL 32202 JIM EDWARDS CFO 9047776000 2023-11-15 true JIM EDWARDS 999009999 Melanie McPeak P01346034 8132254800 2023-11-14 2022 2023-04-26 12:10:37Z JIM EDWARDS 76 SOUTH LAURA STREET JACKSONVILLE FL 32202 661158708 false X WWW.VYSTARCU.ORG X 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 2937 11 3803914 1845963 0 0 503866094 541860360 46844966 103199107 4262910 419143 554973970 645478610 1971741 724191 0 0 188632140 205868939 0 0 0 257314797 365538476 447918678 572131606 107055292 73347004 11652125153 13659535141 10715904929 12916924287 936220224 742610854 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. 0 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 220194 0 true 2937 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 DIANE R FEARS SECRETARY 5.0 0.0 X X 0 0 0 ERIC HATFIELD TREASURER 5.0 0.0 X X 0 0 0 PHILLIP K SIDDONS CHAIRMAN 5.0 0.0 X X 0 0 0 WILLIAM VIVIAN VICE CHAIRMAN 5.0 0.0 X X 3217 0 0 GEORGE R BERRY BOARD MEMBER 5.0 0.0 X 0 0 0 JENNIFER LUSK BOARD MEMBER 5.0 0.0 X 1409 0 0 JONATHAN HOGAN BOARD MEMBER 5.0 0.0 X 0 0 0 LARRY MYERS BOARD MEMBER 5.0 0.0 X 0 0 0 VICTOR BLACKSHEAR BOARD MEMBER 5.0 0.0 X 2711 0 0 BRIAN E WOLFBURG PRESIDENT/CEO 40.0 0.0 X 2098523 0 45591 CHAD MEADOWS COO 40.0 0.0 X 937088 0 44861 James Edwards CFO 40.0 0.0 X 211510 0 8717 JOHN H TURPISH EVP/CFO 40.0 0.0 X 691859 0 24240 JENNY H VIPPERMAN CHIEF LENDING OFFICER 40.0 0.0 X 733331 0 47130 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 40.0 0.0 X 674596 0 46038 Kawanza Humphrey Chief Human Resource Officer 40.0 0.0 X 435899 0 31531 LISA COCHRAN CHIEF INFORMATION OFFICER 40.0 0.0 X 831317 0 42523 RYAN MCINTYRE CHIEF STRATEGY OFFICER 40.0 0.0 X 528969 0 47601 DANA KARZAN CHIEF MARKETING OFFICER 40.0 0.0 X 521107 0 31581 JENNIFER KOUCHIS SENIOR VP REAL ESTATE LENDING 40.0 0.0 X 337468 0 43031 Joseph Colca SVP Digital Experience 40.0 0.0 X 373362 0 43662 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 40.0 0.0 X 508462 0 38765 Matthew Burgess Chief Internal Auditor 40.0 0.0 X 351024 0 36240 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 0.0 0.0 X 493539 0 0 9735391 0 531511 383 true true false DANA B KENYON COMPANY 5772 Timuquana Rd Jacksonville FL 33207 Construction Services 17841895 DANIS BUILDERS LLC 3233 Newmark Dr Miamisburg OH 45342 Construction Services 12385021 PSCU 560 Carillon Pkwy Saint Petersburg FL 33716 Card Services 12209277 VISA USA Inc PO BOX 742233 Los Angeles CA 900742233 Debit card network 11083495 FIDELITY NATIONAL INFORMATION SERVICES INC 601 Riverside Ave Jacksonville FL 32204 IT Core Services 10737896 232 0 0 0 0 0 0 0 0 INTEREST ON LOANS 525990 374894447 374894447 FEES & COMMISSIONS 525990 150039082 145617880 4421202 GAIN ON SALE OF LOANS 525990 3919532 3919532 CR LIFE & DISAB, GAP, VIS, DEBT PROTECTION 525990 13007299 13007299 0 0 0 0 541860360 98626487 -617288 99243775 3463742 3413579 50163 0 50163 -568292 618455 16839139 12266519 0 4572620 4572620 4572620 PARKING INCOME 525990 332024 332024 COLLECTION ALLOWANCE 525990 36956 36956 0 0 0 0 368980 645478610 537202890 3803914 104471806 724191 0 7206532 157326373 6981326 22707302 11647406 2764882 353653 70335 14877288 15444611 108914399 13323629 13702386 588984 1477214 67267606 29846454 2667800 INTEREST PAID TO MEMBERS 49376151 PROVISION FOR LOAN LOSSES 20026451 LOAN PROGRAMS 9570958 ACCRUED INCOME TAXES 804000 14461675 572131606 78260415 91224703 657140543 313915674 0 0 23792509 29344689 0 0 0 0 7924844649 9421025926 0 0 0 0 612766241 152788681 371705867 459977560 2341954252 3042091436 0 50357845 42207004 28689001 28587335 175380072 231160814 11652125153 13659535141 96983934 134069907 0 0 0 0 0 0 0 0 0 0 74323129 2206456522 0 0 10544597866 10576397858 10715904929 12916924287 0 0 0 0 X 0 0 0 0 936220224 742610854 936220224 742610854 11652125153 13659535141 73347004 -266956374 0 X false true X true false 115443326 115443326 245450107 52966433 192483674 20986985 10772023 10214962 142295231 89050225 53245006 88590592 88590592 459977560 MEMBER DEPOSITS 10451304522 CONTINGENT LIABILITY 2392650 NON-MEMBER DEPOSITS 122700686 10576397858 648790522 3311912 3311912 645478610 0 0 645478610 575443518 3311912 3311912 572131606 0 0 572131606 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSES - 3311912 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES - 3311912 true Consortium of FL Education Foundations 3919 W Newberry Rd 3 Gainesville FL 32607 651086820 501 (c) 3 50000 Program Support Downtown Vision Inc 214 N Hogan St 120 Jacksonville FL 32202 205076887 501 (c) 3 140000 Program Support Florida State University Foundation 325 W College Ave Tallahassee FL 32301 596152180 501 (c) 3 10000 Program Support Florida Theatre 128 E Forsyth St 300 Jacksonville FL 32202 592850579 501 (c) 3 10000 Program Support Jacksonville Symphony 300 Water St Ste 200 Jacksonville FL 32202 596002520 501 (c) 3 85000 Program Support Jacksonville Zoo and Gardens 370 Zoo Parkway Jacksonville FL 32218 591319010 501 (c) 3 250000 Program Support MOSH Jacksonville 1025 Museum Circle Jacksonville FL 32207 590651090 501 (c) 3 15300 Program Support Pine Castle 4911 Spring Pk Rd Jacksonville FL 32207 590704733 501 (c) 3 25000 Program Support Read USA 1001 Mayport Rd Atlantic Beach FL 32233 474729513 501 (c) 3 25000 Program Support University of North FL Foundation Inc 1 UNF Dr Alumni Hall Jacksonville FL 32224 237167701 501 (c) 3 40000 Program Support Feeding Northeast Florida 1116 Edgewood Ave N Jacksonville FL 32254 465014769 501 (c) 3 16450 Program Support Flagler College 74 King Street St Augustine FL 32084 591157081 501 (c) 3 5560 Program Support 12 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 X true true X X X X X true false false BRIAN E WOLFBURG PRESIDENT/CEO 1616431 0 448500 0 33592 0 15250 0 30341 0 2144114 0 0 0 CHAD MEADOWS COO 723245 0 178981 0 34862 0 15250 0 29611 0 981949 0 0 0 JOHN H TURPISH EVP/CFO 176134 0 136573 0 379152 0 15250 0 8990 0 716099 0 0 0 James Edwards CFO 51233 0 50000 0 110277 0 5096 0 3621 0 220227 0 0 0 LISA COCHRAN CHIEF INFORMATION OFFICER 628315 0 180570 0 22432 0 15250 0 27273 0 873840 0 0 0 JENNY H VIPPERMAN CHIEF LENDING OFFICER 591476 0 130010 0 11845 0 15250 0 31880 0 780461 0 0 0 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 523246 0 130010 0 21340 0 15250 0 30788 0 720634 0 0 0 RYAN MCINTYRE CHIEF STRATEGY OFFICER 390974 0 111120 0 26875 0 15250 0 32351 0 576570 0 0 0 Kawanza Humphrey Chief Human Resource Officer 390608 0 37040 0 8251 0 15250 0 16281 0 467430 0 0 0 DANA KARZAN CHIEF MARKETING OFFICER 414125 0 104896 0 2086 0 15250 0 16331 0 552688 0 0 0 LANCE DAVIES CHIEF RISK OFFICER & GENERAL C 392046 0 93876 0 22540 0 14875 0 23890 0 547227 0 0 0 Joseph Colca SVP Digital Experience 288445 0 56811 0 28106 0 13031 0 30631 0 417024 0 0 0 Matthew Burgess Chief Internal Auditor 254980 0 70218 0 25826 0 12524 0 23716 0 387264 0 0 0 JENNIFER KOUCHIS SENIOR VP REAL ESTATE LENDING 284903 0 51402 0 1163 0 15250 0 27781 0 380499 0 0 0 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 0 0 107300 0 386239 0 0 0 0 0 493539 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel CERTAIN EXECUTIVES MAY TRAVEL FIRST-CLASS AS BUSINESS NEED DICTATES. THESE INSTANCES ARE CONSIDERED NECESSARY BUSINESS EXPENSES. Schedule J, Part I, Line 1a Travel for companions 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 1a Health or social club dues or initiation fees HEALTH CLUB DUES ARE AVAILABLE TO ALL VYSTAR EMPLOYEES AND IS INCLUDED IN TAXABLE INCOME. Schedule J, Part I, Line 4a Severance or change-of-control payment ROBERT DAVIS WAS AWARDED SEVERANCE IN CONNECTION WITH HIS SEPARATION FROM EMPLOYMENT IN THE AMOUNT OF $386,250. JOHN TURPISH WAS AWARDED SEVERANCE IN CONNECTION WITH HIS SEPARATION FROM EMPLOYMENT IN THE AMOUNT OF $332,698. Form 990, Part VI, Line 6 Classes of 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 Members or stockholders electing members of governing body 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 requiring approval by members or stockholders 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 Review of form 990 by governing body THE FORM 990 IS REVIEWED AND APPROVED BY THE CHIEF FINANCIAL OFFICER (CFO) ALONG WITH 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 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 OFFICIALS EMPLOYEES' 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 to establish compensation of top management official 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 Process to establish compensation of other employees 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 Required 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. 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