Florida

REGULATING AGENCY: Florida Office of Financial Regulation; Bureau of Credit Unions

Florida State Capitol

ACCREDITED: 2004

LEAGUE: League of Southeastern Credit Unions & Affiliates, Florida Credit Union Association (FCUA)

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 128

  • TOTAL # SCUs: 69
  • TOTAL # FCUs: and 59
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 54%

Total Assets: $99,386,078,681

  • TOTAL $ SCU ASSETS: $74,213,055,837
  • TOTAL $ FCU ASSETS: $25,173,022,844
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 75%

Total Members: 6,644,523

  • TOTAL Members SCUs: 4,978,924
  • TOTAL Members FCUs: 1,665,599
  • SCU % OF TOTAL (SCUS/STATE TOAL): 75%

FUN FACT:  South Florida is the only place in the world where both crocodiles and alligators can be found in the wild.


RECENT NEWS:

VyStar Announces Agreement to Merge With First Coast Federal Credit Union

VyStar Credit UnionApril 11, 2022 — VyStar Credit Union announced today it has signed a Merger Agreement with First Coast Federal Credit Union, a federally chartered credit union headquartered in Jacksonville, Florida.

“As a growing credit union, VyStar continues to look for strategic partnerships that strengthen our ability to serve more members and support the places we call home,” said VyStar President/CEO Brian Wolfburg. “First Coast Federal Credit Union has a long history of exceptional service in Northeast Florida, and we look forward to honoring their legacy by welcoming their employees and members to our organization.”

VyStar, which has more than 800,000 members and over $12 billion in assets, will remain the 14th-largest credit union in the country by asset size. The transaction is expected to close later this year and is subject to standard closing conditions as well as First Coast member vote and regulatory agency approvals.

First Coast Federal Credit Union has served Northeast Florida residents since 1935 and has about 1,700 members and $11.2 million in assets. Members of the credit union consist of employees of Select Employee Groups (SEGs) and their family members. First Coast Federal Credit Union has one branch located in Jacksonville, Florida. All First Coast Federal Credit Union employees will be offered employment opportunities at VyStar.

“After careful consideration, First Coast Federal Credit Union has chosen to merge with VyStar Credit Union because of the strong commitment and presence VyStar has on Florida’s First Coast community,” said Richard A. Tipping, Jr, Director and Supervisory Committee Chairman of First Coast Federal Credit Union. “FCFCU’s merger with VyStar will provide FCFCU members with a wide array of products and services, including innovative electronic banking services and access to a growing network of more than 60 branches and hundreds of ATMs located throughout the state of Florida and the Southeastern United States. FCFCU could not have found a better merger partner to serve its members than VyStar.”


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