2020-10-12T13:10:44-05:00 2019-12-31 ERNST & YOUNG US LLP 201 N FRANKLIN STREET STE 2400 TAMPA FL 33602 990 2019-01-01 590690965 VYSTAR CREDIT UNION % VYSTAR CU - ACCTG DEPT VYST 9049082519 4949 BLANDING BLVD JACKSONVILLE FL 32210 JOHN H TURPISH CFO 9049082519 2020-10-09 true Melanie McPeak P01346034 8132254800 69.132.84.59 59196620202865000032 2020-10-12 P DAFA43998C5B16E4847FAA9AD61C49E3BD2EB142 DAFA43998C5B16E4847FAA9AD61C49E3BD2EB142 2019 2021-04-22 16:20:28Z BRIAN E WOLFBURG 4949 BLANDING BLVD JACKSONVILLE FL 32210 471645316 false X www.vystarcu.org X Cooperative 1952 FL THE MISSION OF VYSTAR CREDIT UNION IS TO SERVE THE FINANCIAL NEEDS OF OUR MEMBERS BY PROVIDING QUALITY SERVICE WHILE MAINTAINING FINANCIAL SOUNDNESS. 9 9 2240 13 3176810 1599353 0 0 336662623 405260532 44742836 58566966 10253334 7817818 391658793 471645316 57500 724334 0 0 107082210 139669562 0 0 0 204110174 272264407 311249884 412658303 80408909 58987013 8284176285 9117136795 7573873433 8325200269 710302852 791936526 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 MINIMAL OR NO FEES. PROVIDE DEPOSIT PRODUCTS TO INDIVIDUAL MEMBERS AND BUSINESS MEMBERS AT COMPETITIVE RATES WITH MINIMAL 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 468837 0 true 2240 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 X VYSTAR CU - ACCTG DEPT 9049082519 4949 BLANDING BLVD Jacksonville FL 32210 BRIAN E WOLFBURG PRESIDENT/CEO 40.0 0.0 X 1031369 0 31599 JOHN H TURPISH EVP/CFO 40.0 0.0 X 579414 0 39026 CHAD MEADOWS COO 40.0 0.0 X 504778 0 31599 JENNY H VIPPERMAN CHIEF LENDING OFFICER 40.0 0.0 X 462098 0 36569 AKIN AGAR CHIEF INFORMATION OFFICER 40.0 0.0 X 437817 0 32899 JUDITH T WALZ CHIEF MARKETING & PLANNING OFC 40.0 0.0 X 378155 0 27164 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 40.0 0.0 X 380960 0 23943 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 40.0 0.0 X 366723 0 31746 VICKI L ADAMS CHIEF RISK OFFICER 40.0 0.0 X 346919 0 39108 WENDY MOATZ MORTGAGE LOAN OFFICER 40.0 0.0 X 323108 0 29561 RANDY C SWIFT CHIEF MEMBER SERVICES OFFICER 0.0 0.0 X 315761 0 8136 MARY HOLCOMBE MORTGAGE LOAN OFFICER 40.0 0.0 X 301846 0 18562 RYAN MCINTYRE CHIEF STRATEGY OFFICER 40.0 0.0 X 280984 0 31392 HOLLY YELTON SECONDARY MARKETING MANAGER 40.0 0.0 X 262982 0 18408 SUSAN M RUFFIN BOARD MEMBER 5.0 0.0 X 6889 0 0 ERIC HATFIELD CHAIRMAN 5.0 0.0 X X 5741 0 0 DIANE FEARS BOARD MEMBER (BEG. 05/31/19) 5.0 0.0 X 3487 0 0 WILLIAM C VIVIAN SECRETARY 5.0 0.0 X X 3229 0 0 PHILIP K SIDDONS TREASURER 5.0 0.0 X X 2531 0 0 RALPH R STORY BOARD MEMBER (UNTIL 05/31/19) 5.0 0.0 X 2500 0 0 JENNIFER A LUSK BOARD MEMBER 5.0 0.0 X 2027 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 JONATHAN HOGAN BOARD MEMBER 5.0 0.0 X 0 0 0 5999318 0 399712 151 true true false Dana B Kenyon Company 5772 Timuquana Road Jacksonville FL 32207 Construction 32993088 PSCU 560 Carillon Pkwy Saint Petersburg FL 33716 Card Services 12921924 FISERV PO Box 745148 Atlanta GA 303745148 BANKING AND PAYMENT 11770224 Fiserv Solutions PO Box 300016 Duluth GA 300960300 BANKING AND PAYMENT 8354311 CBI 4020 Yancey Road Charlotte NC 28217 CARD SERVICES 7175374 183 0 INTEREST ON LOANS 525990 275477796 275477796 0 0 FEES & COMMISSIONS 525990 121008229 117873564 3134665 0 TITLE AGENCY 525990 42145 0 42145 0 GAIN ON SALE OF LOANS 525990 516867 516867 0 0 CR LIFE & DISAB, GAP, VIS 525990 8215495 8215495 0 0 405260532 58566966 58566966 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NCUSIF ASSESSMENT REFUND 525990 725000 0 0 725000 OTHER REV - 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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 BRIAN E WOLFBURG PRESIDENT/CEO 779673 0 221813 0 29883 0 14000 0 17599 0 1062968 0 0 0 JOHN H TURPISH EVP/CFO 477064 0 90219 0 12131 0 13932 0 25094 0 618440 0 0 0 CHAD MEADOWS COO 423964 0 60981 0 19833 0 14000 0 17599 0 536377 0 0 0 JENNY H VIPPERMAN CHIEF LENDING OFFICER 357144 0 33000 0 71954 0 14000 0 22569 0 498667 0 0 0 AKIN AGAR CHIEF INFORMATION OFFICER 337720 0 78862 0 21235 0 14000 0 18899 0 470716 0 0 0 ROBERT L DAVIS CHIEF HUMAN RESOURCES OFFICER 292342 0 67755 0 20863 0 14000 0 9943 0 404903 0 0 0 JUDITH T WALZ CHIEF MARKETING & PLANNING OFC 308517 0 67774 0 1864 0 14000 0 13164 0 405319 0 0 0 JOEL R SWANSON CHIEF MBRSHP EXPERIENCE OFCR 303657 0 45736 0 17330 0 14000 0 17746 0 398469 0 0 0 VICKI L ADAMS CHIEF RISK OFFICER 281819 0 63693 0 1407 0 14000 0 25108 0 386027 0 0 0 WENDY MOATZ MORTGAGE LOAN OFFICER 35964 0 283274 0 3870 0 14000 0 15561 0 352669 0 0 0 RANDY C SWIFT CHIEF MEMBER SERVICES OFFICER 0 0 48890 0 266871 0 0 0 8136 0 323897 0 0 0 MARY HOLCOMBE MORTGAGE LOAN OFFICER 34299 0 262564 0 4983 0 7135 0 11427 0 320408 0 0 0 RYAN MCINTYRE CHIEF STRATEGY OFFICER 230125 0 29401 0 21458 0 11947 0 19445 0 312376 0 0 0 HOLLY YELTON SECONDARY MARKETING MANAGER 85963 0 173188 0 3831 0 13039 0 5369 0 281390 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. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES ARE PAID FOR THE CEO, COO, AND 4 KEY EMPLOYEES. SCHEDULE J, PART I, LINE 4A RANDY SWIFT WAS AWARDED SEVERANCE IN CONNECTION WITH HIS SEPARATION FROM EMPLOYMENT IN THE AMOUNT OF $218,367. DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 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 4 COUNTIES IN GEORGIA. DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS FORM 990, PART VI, LINE 7A 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 INDIVDUALS WHO WILL FILL THE VACANCIES ON THE BOARD FROM THE CANDIDATES SELECTED BY THE NOMINATING COMMITTEE AND THE CANDIDATES SUBMITTED VIA A QUALIFIED PETITION. DESCRIBE CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS FORM 990, PART VI, LINE 7B 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. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11B 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. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, LINE 12C 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 ORGANIZATIONS INTERNAL AUDIT DEPARTMENT REGULARLY CONDUCT AUDITS OF OFFICIALS AND EMPLOYEES DEPOSITORY AND LOAN ACCOUNTS AT VYSTAR CREDIT UNION TO IDENTIFY SUSPICIOUS ACTIVITY, WHICH HELPS TO MONITOR AND/OR IDENTIFY ANY CONFLICTS OF INTEREST. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN FORM 990, PART VI, LINE 15A 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 ANALYSIS ARE USED BY THE COMPENSTION COMMITTEE, WHICH IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS, TO DETERMINE THE COMPENSATION OF THE CEO. THE CEOS 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. OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN 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 INTERAL 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. AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, LINE 19 VYSTAR CREDIT UNIONS 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 4949 BLANDING BLVD Jacksonville FL 32210 593683267 Title Agency FL 4501599 20129229 VyStar CU