VyStar Credit Union
VyStar Credit Union is a member-owned, not-for-profit financial institution headquartered in Jacksonville, Florida. Founded in 1952 by 12 visionary members at Naval Air Station Jacksonville (originally named Jax Navy Federal Credit Union), the organization has grown to serve over 2,300 employees across Florida and Georgia. VyStar provides deposit products, consumer and business loans, investment services, insurance, and title agency services to its members at competitive rates with minimal or no fees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.0B
+2.9% YoY
Annual Giving
$1.1M
-47.4% YoY
Grant Count
11
-38.9% YoY
Avg Grant Size
$96K
-14.0% YoY
Mission & Focus Areas
VyStar Credit Union's Mission: To serve the financial needs of members by providing quality service while maintaining financial soundness.
VyStar Credit Union's Purpose: Do Good — at the heart of everything the organization does, empowering members to reach their greatest financial potential through personalized service, innovative solutions, and guidance.
VyStar operates as a Community Development Financial Institution committed to strengthening the communities it serves. The organization actively supports local nonprofits, sponsors charitable initiatives, and invests in community programs through its dedicated foundation.
Grantmaking
VyStar Foundation, established as a separate 501(c)(3) charitable organization, manages the credit union's strategic grantmaking efforts.
Review Cycle
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Geographic Focus
Where this funder awards grants
VyStar Foundation serves:
- 49 contiguous counties in Central to North Florida
- 29 counties in Georgia
- Past and present military members and their families worldwide
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
VyStar Credit Union (2024):
- Total assets: $13,974,781,649
- Total revenues: $886,102,117
- Total expenses: $969,948,903
- Employees: 3,196
VyStar Foundation (2024):
- Total assets: $905,180
- Total revenues: $926,610
- Total expenses: $465,847
- Employees: 0 (volunteer-operated)
VyStar Credit Union (2023):
- Program service revenue: $628,787,490
- Investment income: $131,567,654
- Gross receipts from all sources: $769,245,848
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,974,781,649 | $13,578,667,359 | $13,659,535,141 |
| Revenue | $886,102,117 | $759,741,574 | $645,478,610 |
| Expenses | $969,948,903 | $735,159,970 | $572,131,606 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $157,826,698 | $131,567,654 | $103,199,107 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
107 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Vystar Foundation ($650,000), Downtown Vision ($100,000), Ronald McDonald House Jacksonville ($77,200).
| Recipient | Purpose | Amount |
|---|---|---|
| Cummer Museum Jacksonville, FL | Program Support | $25,000 |
| Downtown Vision Jacksonville, FL | Program Support | $100,000 |
| Goodwill Industries of North Florida Jacksonville, FL | Program Support | $20,000 |
| Hubbard House Jacksonville, FL | Program Support | $20,000 |
| Jacksonville Pub Edu Fund Jacksonville, FL | Program Support | $30,000 |
| JASMYN Jacksonville, FL | Program Support | $27,958 |
| Museum Contemporary Art Jacksonville Jacksonville, FL | Program Support | $66,000 |
| North Florida Land Trust Jacksonville, FL | Program Support | $25,000 |
| Ronald McDonald House Jacksonville Jacksonville, FL | Program Support | $77,200 |
| Thrive Scholars Boston, MA | Program Support | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
VyStar Foundation is incorporated in Florida and operated by a volunteer Board of Directors. It functions as a separate and independent legal entity from VyStar Credit Union.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE R FEARS | SECRETARY | 5 | $1,278 |
| Eric Hatfield | Vice Chairman | 5 | $6,011 |
| JONATHAN HOGAN | Treasurer | 5 | $1,701 |
| Phillip K Siddons | Chairman | 5 | $2,953 |
| GEORGE R BERRY | BOARD MEMBER | 5 | — |
| JENNIFER LUSK | BOARD MEMBER | 5 | — |
| Meredith Pickens | Board Member | 5 | — |
| VICKI S HARRIS | BOARD MEMBER | 5 | $250 |
| VICTOR BLACKSHEAR | BOARD MEMBER | 5 | — |
| WILLIAM VIVIAN | BOARD MEMBER (TERM DATE 3/8/24) | 5 | $1,150 |
| Brian E Wolfburg | President/CEO | 40 | $2,148,577 |
| Chad Meadows | Chief Operations Officer | 40 | $967,623 |
| James Edwards | CFO | 40 | $544,600 |
| JOEL R SWANSON | Chief Lending Officer | 40 | $743,483 |
| Kawanza Humphrey | Chief Human Resource Officer | 40 | $474,866 |
| Lisa Cochran | Chief Information Officer | 40 | $740,581 |
| Bradley King | Senior Mortgage Loan Officer | 40 | $536,268 |
| Jason Knight | Senior Mortgage Loan Officer | 40 | $644,207 |
| John Robinson | VP/Mortgage Banker | 40 | $1,076,139 |
| Lance Davies | Chief Risk Officer & General Counsel | 40 | $530,557 |
| Paul Blackstone | SVP, Special Projects | 40 | $525,274 |
| JENNY H VIPPERMAN | FORMER CHIEF LENDING OFFICER | — | $563,819 |
Recent News & Activity
Recent developments and announcements
VyStar Foundation has actively expanded its grantmaking operations since its 2023 launch:
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\Awarded grants to 12 military and veterans nonprofits through the 2024 military grant cycle
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\Distributed over $200,000 in grants to nonprofits supporting youth empowerment through the 2024 youth grant cycle
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\Featured grant recipients include the Red Cross (supporting military families during crises) and Loop It Up Savannah (providing mindfulness programs for students)
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\Opened the 2026 Military Grant Cycle to continue supporting service members and veterans
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\VyStar Credit Union maintains active community engagement through sponsorships, employee volunteering, and the VyStar Perks program offering member discounts and rewards at local attractions.
VyStar Foundation Opens 2026 Military Grant Cycle to Support Service Members\Frequently Asked Questions
What does VyStar Credit Union fund?
**VyStar Credit Union's Mission:** To serve the financial needs of members by providing quality service while maintaining financial soundness. **VyStar Credit Union's Purpose:** Do Good — at the heart of everything the organization does, empowering members to reach their greatest financial potential through personalized service, innovative solutions, and guidance. VyStar operates as a Community Development Financial Institution committed to strengthening the communities it serves. The organizat…
How do I apply for a grant from VyStar Credit Union?
VyStar Foundation, established as a separate 501(c)(3) charitable organization, manages the credit union's strategic grantmaking efforts. **Foundation Impact (Since Launch in 2023 through Early 2026):** • Nearly $1.9 million awarded to 62 organizations • Grant recipients reported serving individuals through food and housing assistance, mental health services, and workforce development **Grant Cycles:** *Military Grant Cycle (Q1 2024):* Twelve organizations addressing food and housing insecurity…
Where does VyStar Credit Union make grants?
VyStar Foundation serves: • 49 contiguous counties in Central to North Florida • 29 counties in Georgia • Past and present military members and their families worldwide
What size grants does VyStar Credit Union award?
In 2024, VyStar Credit Union awarded 11 grants totaling $1.1M — an average of about $96K per grant, based on its IRS Form 990 filings.
What is VyStar Credit Union's EIN?
VyStar Credit Union's EIN (Employer Identification Number) is 59-0690965. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in VyStar Credit Union's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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