121 Financial Credit Union to merge with Vystar Credit Union
Two credit unions combine later this year in Northeast Florida.
121 Financial Credit Union announced today its intent to pursue a merger with VyStar Credit Union. The transaction is expected to close later this year pending regulatory and member approval, as well as standard closing conditions.
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Once the merger is complete, VyStar will have over 920,000 members and 2,500 employees across its footprint.
“This partnership brings together two trusted, financially strong Jacksonville-based credit unions with a combined 150-year history serving Northeast Florida,” said 121 Financial Credit Union President/CEO David Marovich. “And as the core values of 121 Financial and VyStar have been closely aligned for many years, we are excited about this next chapter and how it will enable us to do more for our members, employees and communities.”
121 Financial and VyStar will collaborate on planning efforts leading up to and after the merger is complete.
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