Vystar Credit Union and 121 Financial Credit Union have recently announced their intention to merge. This decision comes after months of discussions between the two companies and approval by both boards of directors. The new entity will operate under the VyStar Credit Union name, with 67 branches serving over 850,000 members across 22 counties in Florida and Georgia. The merger is expected to be completed by the end of the year, pending regulatory approval.
The combined organization will have approximately $12 billion in assets, making it one of the largest credit unions in the Southeast. It will also create a more robust financial institution with increased capabilities to serve members and the community.
VyStar and 121 Financial Credit Union firmly commit to their members and provide exceptional customer service. This merger will allow them to combine their strengths and better serve their members with enhanced products and services.
The CEO of VyStar Credit Union, Brian Wolfburg, stated that the merger will "provide an opportunity to better serve our communities through expanded products, services, and financial education while delivering the exceptional member experience that both credit unions are known for."
In addition to the benefits for members, the merger will create new job opportunities and allow credit unions to continue investing in their communities through charitable giving and community service initiatives.
Overall, the merger between VyStar Credit Union and 121 Financial Credit Union is a significant move that will create a more robust financial institution with increased capabilities to serve its members and communities. We can look forward to the many benefits that this new entity will bring to its members and the Southeastern United States.
