Understanding Vystar Credit Union Asset Size and Growth

Vystar Credit Union has been steadily growing its assets over the years, reaching a significant milestone in 2020.

With over $2.5 billion in assets, Vystar Credit Union has established itself as a major player in the financial industry.

Vystar's asset size has been increasing at a steady rate, with a compound annual growth rate (CAGR) of 10% from 2015 to 2020.

VyStar Credit Union is making waves in the financial industry with its latest acquisition. VyStar Credit Union Acquiring $1.5-Billion, Georgia-Based Bank is a significant move, bringing its total assets to approximately $12.5 billion.

The acquisition, which includes Heritage Southeast Bank, will add 22 branch locations across Southeast Georgia to VyStar's network. VyStar will pay $195.7 million for the bank, according to Hovde Group.

This deal marks VyStar's second acquisition in 24 months, solidifying its position as a strong and reliable financial institution. The credit union's membership is expected to exceed 850,000, making it the 13th-largest credit union in the country by asset size.

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VyStar has made a strategic commitment to expand its footprint and provide financial services to more Georgia residents. This acquisition aligns with that goal, bringing the benefits of credit union membership to more people.

The transaction is expected to close later this year, subject to standard closing conditions and shareholder and regulatory agency approvals.

Credit unions, like VyStar, offer a unique alternative to traditional banks. They are not-for-profit, member-owned cooperatives that provide financial services to their members.

VyStar is one of the largest credit unions in the country, with a total asset size of approximately $12.5 billion. This is a significant increase from its previous asset size, thanks to its strategic commitment to expanding its footprint.

With 22 branch locations across Southeast Georgia, VyStar is well-positioned to serve the financial needs of its members. Heritage Southeast Bank, which VyStar is acquiring, has a strong presence in the region.

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VyStar's acquisition of Heritage Southeast Bank will bring its total full-service branches to 88 and its membership to more than 850,000. This will make VyStar the 13th-largest credit union in the country by asset size.

VyStar's commitment to its customers and employees is evident in its emphasis on relationships and community impact. This approach has created successful results for the credit union.

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VyStar Credit Union has a long history, dating back to 1952 when it was founded to serve military personnel.

The credit union has since grown to become one of the largest in the Southeast, with assets of over $13 billion.

VyStar Credit Union is headquartered in Jacksonville, Florida, and has expanded its services to communities across Florida and Georgia.

In 2022, VyStar Credit Union's total assets were approximately $12.5 billion after acquiring Heritage Southeast Bank.

VyStar Credit Union has a large membership, with over 850,000 members as of 2022.

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The credit union has 88 full-service branches, making it a significant financial institution in the region.

VyStar Credit Union is led by CEO Brian Wolfburg, who has emphasized the credit union's commitment to service, community involvement, and affordable banking options.

VyStar Credit Union has a strong presence in Georgia, with 22 branch locations across Southeast Georgia, through Savannah and into the Greater Atlanta Metro area.

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