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Nonprofit · EIN 59-0690965

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Also known as VYSTAR CREDIT UNION, VFW District 6 VFW D-6

Tax-exempt · JACKSONVILLE, FL 32202

Financials

$759.7M$735.2M2023$886.1M$969.9M2024
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNIONS IN FLORIDA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$886,102,117$969,948,903-$83,846,786$13,974,781,649$13,241,658,752$733,122,897
December 31, 2023990$759,741,574$735,159,970$24,581,604$13,578,667,359$12,824,517,966$754,149,393
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$730,655,584
Investment income
$157,826,698
Net rental income
-$2,824,598
Net gain from sales of assets
$9,686,503
Other revenue
-$2,380,165

Expenses

Grants and similar amounts paid
$1,069,358
Compensation of officers, directors and key employees
$6,240,479
Other salaries and wages
$185,959,978
Salaries, compensation and benefits (total)
$249,457,980
Professional fundraising fees
$0
Legal fees
$3,896,826
Accounting fees
$275,431
Occupancy
$14,031,256
Travel
$850,600
Depreciation
$35,004,684

Balance sheet and other

Total assets, start of year
$13,578,667,359
Total assets, end of year
$13,974,781,649
Total liabilities, end of year
$13,241,658,752
Net assets, end of year
$733,122,897
Land, buildings and equipment
$534,554,484
Publicly traded securities
$2,547,344,720
Gross unrelated business income
$3,067,081
Gross receipts
$901,607,422
Employees
3,196
Volunteers
12
Year formed
1952
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Brian E WolfburgPresident/CEO
Officer
40$2,148,577$48,472
John RobinsonVP/Mortgage Banker
Highest-paid employee
40$1,076,139$39,282
Chad MeadowsChief Operations Officer
Officer
40$967,623$47,472
JOEL R SWANSONChief Lending Officer
Key employee
40$743,483$49,472
Lisa CochranChief Information Officer
Key employee
40$740,581$45,034
Jason KnightSenior Mortgage Loan Officer
Highest-paid employee
40$644,207$29,582
James EdwardsCFO
Officer
40$544,600$51,651
Lance DaviesChief Risk Officer & General Counsel
Highest-paid employee
40$530,557$55,901
Bradley KingSenior Mortgage Loan Officer
Highest-paid employee
40$536,268$49,670
Paul BlackstoneSVP, Special Projects
Highest-paid employee
40$525,274$43,667
JENNY H VIPPERMANFORMER CHIEF LENDING OFFICER
Former
0$563,819$0
Kawanza HumphreyChief Human Resource Officer
Key employee
40$474,866$40,043
Eric HatfieldVice Chairman
Trustee or director, Officer
5$6,011$0
Phillip K SiddonsChairman
Trustee or director, Officer
5$2,953$0
JONATHAN HOGANTreasurer
Trustee or director, Officer
5$1,701$0
7 more people on this return
NameTitleHours / weekCompensation
DIANE R FEARSSECRETARY
Trustee or director, Officer
5$1,278
WILLIAM VIVIANBOARD MEMBER (TERM DATE 3/8/24)
Trustee or director
5$1,150
VICKI S HARRISBOARD MEMBER
Trustee or director
5$250
GEORGE R BERRYBOARD MEMBER
Trustee or director
5$0
JENNIFER LUSKBOARD MEMBER
Trustee or director
5$0
Meredith PickensBoard Member
Trustee or director
5$0
VICTOR BLACKSHEARBOARD MEMBER
Trustee or director
5$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationOther / benefits
BRIAN E WOLFBURGPRESIDENT/CEO
Officer
40$2,150,560$48,371
CHAD MEADOWSCOO
Officer
40$985,424$47,371
LISA COCHRANCHIEF INFORMATION OFFICER
Key employee
40$791,677$27,092
JOEL R SWANSONCHIEF MBRSHP EXP OFCR / INTERIM CHF LENDING OFCR
Key employee
40$721,437$48,602
JENNY H VIPPERMANCHIEF LENDING OFFICER
Key employee
40$596,480$41,527
LANCE DAVIESCHIEF RISK OFFICER & GENERAL C
Highest-paid employee
40$509,098$53,190
John RobinsonVP/Mortgage Banker
Highest-paid employee
40$521,992$38,428
James EdwardsCFO
Officer
40$503,559$48,695
Kawanza HumphreyChief Human Resource Officer
Key employee
40$501,587$40,332
DANA KARZANCHIEF MARKETING OFFICER
Highest-paid employee
40$491,579$40,732
Joseph GanleySenior Commercial Banker
Highest-paid employee
40$462,679$42,377
John TurpishEVP/CFO (TERM DATE 4/30/22)
Former
0$435,688$0
Gary SchuetteSVP/Chief Financial Performance Officer
Highest-paid employee
40$379,320$47,992
DIANE R FEARSSECRETARY
Trustee or director, Officer
5$6,906$0
ERIC HATFIELDTREASURER
Trustee or director, Officer
5$5,109$0
VICTOR BLACKSHEARBOARD MEMBER
Trustee or director
5$4,271$0
PHILLIP K SIDDONSCHAIRMAN
Trustee or director, Officer
5$3,651$0
WILLIAM VIVIANVICE CHAIRMAN
Trustee or director, Officer
5$2,877$0
JENNIFER LUSKBOARD MEMBER
Trustee or director
5$2,098$0
GEORGE R BERRYBOARD MEMBER
Trustee or director
5$0$0
JONATHAN HOGANBOARD MEMBER
Trustee or director
5$0$0
LARRY MYERSBOARD MEMBER (TERM DATE 8/31/23)
Trustee or director
0$0$0
VICKI S HARRISBOARD MEMBER
Trustee or director
0$0$0

Address and contacts

Address (IRS master file)
76 S LAURA STREET, JACKSONVILLE, FL 32202-3433
In care of
% ALFONSO HEMMAIN ESTATE AND TRUST
Mailing address (990-N for 2008)
P O Box 782, Orange Park FL 32067
Principal officer (990 for 2024)
JAMES EDWARDS, 76 SOUTH LAURA STREET, JACKSONVILLE, FL 32202
Principal officer (990-N for 2008)
Allen E Hall, P O Box 782, Orange Park FL 32067
Signed the 990
JAMES EDWARDS, CFO
Phone
(904) 777-6000
Return prepared by
ERNST & YOUNG US LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-0690965
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,974,781,649
Income (IRS master file)
$901,607,422

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$886,102,117$969,948,903$13,974,781,649IRS
990December 2023$759,741,574$735,159,970$13,578,667,359XML
990December 2022$645,478,610$572,131,606$13,659,535,141IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2008
Officer: Allen E Hall
December 31, 2008≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0690965).

Questions about STATE CHARTERED CREDIT UNIONS IN FLORIDA

What is the EIN of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN FLORIDA is 59-0690965.
Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1972.
Are donations to STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STATE CHARTERED CREDIT UNIONS IN FLORIDA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of STATE CHARTERED CREDIT UNIONS IN FLORIDA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STATE CHARTERED CREDIT UNIONS IN FLORIDA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 names JAMES EDWARDS.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 lists 22 people; 18 received compensation from the organization, the highest $2,148,577 (Brian E Wolfburg, President/CEO).
How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $886,102,117, expenses of $969,948,903 and total assets of $13,974,781,649 at year end.

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