State Chartered Credit Unions In Florida
501(c)(14)
Strong reserves Growing revenue
State Chartered Credit Unions In Florida is a 501(c)(14) organization based in Jacksonville, Florida, registered in 1972, with $886,102,117 in FY2024 revenue.
Po Box 440126, Jacksonville, FL, 32222 EIN 59-0690965 Since 1972
Revenue (FY2024)
$886.1M
▲ 16.6% vs prior year
Expenses (FY2024)
$969.9M
Net assets
$733.1M
Employees
3,196
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for State Chartered Credit Unions In Florida— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For State Chartered Credit Unions In Florida: 9 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For State Chartered Credit Unions In Florida: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For State Chartered Credit Unions In Florida: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Vystar credit union exists to serve the financial needs of our members by providing quality products and services while maintaining fiscal soundness.
What they do
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.
Contact & location
- Address
- Po Box 440126, Jacksonville, FL, 32222
- City
- Jacksonville
- State
- Florida
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $239.1M (FY2013) to $886.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.2BNet assets $733.1M
Operating margin
-9.5%
Spent more than it raised in the latest fiscal year.
Total assets
$14.0B
Total liabilities
$13.2B
Net assets
$733.1M
Salaries & benefits
$249.5M
26% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $886,102,117▲16.6% | $969,948,903▲31.9% | $733,122,897▼2.8% | $13,974,781,649▲2.9% | 990 |
| 2023 | $759,741,574▲17.7% | $735,159,970▲28.5% | $754,149,393▲1.6% | $13,578,667,359▼0.6% | 990 |
| 2022 | $645,478,610▲16.3% | $572,131,606▲27.7% | $742,610,854▼20.7% | $13,659,535,141▲17.2% | 990 |
| 2021 | $554,973,970▲6.5% | $447,918,678▲0.1% | $936,220,224▲6.4% | $11,652,125,153▲16.4% | 990 |
| 2020 | $521,003,426▲10.5% | $447,623,069▲8.5% | $879,725,416▲11.1% | $10,011,774,367▲9.8% | 990 |
| 2019 | $471,645,316▲20.4% | $412,658,303▲32.6% | $791,936,526▲11.5% | $9,117,136,795▲10.1% | 990 |
| 2018 | $391,658,793▲22.5% | $311,249,884▲20.2% | $710,302,852▲11.7% | $8,284,176,285▲13.5% | 990 |
| 2017 | $319,722,896▲14.8% | $258,914,107▲13.4% | $636,137,050▲10.5% | $7,299,457,527▲11.4% | 990 |
| 2016 | $278,428,231▲10.9% | $228,222,362▲8.4% | $575,598,780▲7.8% | $6,551,987,170▲15.9% | 990 |
| 2015 | $251,131,059▲3.5% | $210,488,942▲5.7% | $534,191,250▲6.9% | $5,652,796,448▲7.3% | 990 |
| 2014 | $242,713,372▲1.5% | $199,196,712▲5.4% | $499,587,351▲10.7% | $5,266,240,908▲6.4% | 990 |
| 2013 | $239,106,739 | $188,913,568▼10.9% | $451,392,742▲4.6% | $4,948,103,862▲5.4% | 990 |
| 2012 | — | $212,127,395▼0.8% | $431,446,179▲8.8% | $4,695,290,357▲7.0% | 990 |
| 2011 | — | $213,809,518▼11.3% | $396,643,931▲8.5% | $4,389,883,327▲7.9% | 990 |
| 2010 | — | $240,913,356 | $365,427,400 | $4,068,722,132 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brian E Wolfburg — $2,148,577 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian E Wolfburg | President/ceo | 40 | $2,148,577 |
| John Robinson | Vp/mortgage Banker | 40 | $1,076,139 |
| Chad Meadows | Chief Operations Officer | 40 | $967,623 |
| Joel R Swanson | Chief Lending Officer | 40 | $743,483 |
| Lisa Cochran | Chief Information Officer | 40 | $740,581 |
| Jason Knight | Senior Mortgage Loan Officer | 40 | $644,207 |
| Jenny H Vipperman | Former Chief Lending Officer | 0 | $563,819 |
| James Edwards | Cfo | 40 | $544,600 |
| Bradley King | Senior Mortgage Loan Officer | 40 | $536,268 |
| Lance Davies | Chief Risk Officer & General Counsel | 40 | $530,557 |
| Paul Blackstone | Svp, Special Projects | 40 | $525,274 |
| Kawanza Humphrey | Chief Human Resource Officer | 40 | $474,866 |
| Eric Hatfield | Vice Chairman | 5 | $6,011 |
| Phillip K Siddons | Chairman | 5 | $2,953 |
| Jonathan Hogan | Treasurer | 5 | $1,701 |
| Diane R Fears | Secretary | 5 | $1,278 |
| William Vivian | Board Member (term Date 3/8/24) | 5 | $1,150 |
| Vicki S Harris | Board Member | 5 | $250 |
| George R Berry | Board Member | 5 | — |
| Jennifer Lusk | Board Member | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dana B Kenyon Company | Construction Services | $16,129,513 |
| Visa USA Inc | Debit Card Network | $12,153,296 |
| Fiserv | Debit Card Services | $11,055,809 |
| Fidelity National Information Services Inc | It Core Services | $8,024,025 |
| Sevan Multi-site Solutions Inc | Construction | $5,561,123 |
Grants made · $1.1M in FY2024
11 grants totaling $1.1M in FY2024. All grants made by State Chartered Credit Unions In Florida →
| Recipient | Purpose | Amount |
|---|---|---|
| Vystar Community Foundation Inc | Program support | $650,000 |
| Downtown Vision Alliance Inc | Program support | $100,000 |
| Ronald Mcdonald House Charities of Jacksonville Inc | Program support | $77,200 |
| Museum of Contemporary Art Jacksonville Inc | Program support | $66,000 |
| Jacksonville Public Education Fund Inc | Program support | $30,000 |
| Jacksonville Area Sexual Minority Youth Network Inc | Program support | $27,958 |
| Deette Holden Cummer Museum Foundation Inc | Program support | $25,000 |
| North Florida Land Trust Inc | Program support | $25,000 |
| Hubbard House Foundation Inc | Program support | $20,000 |
| Thrive Scholars | Program support | $20,000 |
| Goodwill Industries of North Florida Inc | Program support | $20,000 |
Frequently asked questions
- Is State Chartered Credit Unions In Florida a legitimate nonprofit?
- Yes. State Chartered Credit Unions In Florida is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 59-0690965, based in Jacksonville, Florida.
- What is State Chartered Credit Unions In Florida's EIN?
- State Chartered Credit Unions In Florida's Employer Identification Number (EIN) is 59-0690965.
- How much revenue does State Chartered Credit Unions In Florida report?
- State Chartered Credit Unions In Florida reported $886,102,117 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does State Chartered Credit Unions In Florida's highest-paid employee make?
- The highest reported compensation on State Chartered Credit Unions In Florida's latest Form 990 is $2,148,577, paid to Brian E Wolfburg (President/ceo).
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Data for State Chartered Credit Unions In Florida (EIN 59-0690965) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.