Vystar Credit Union (68490), a $13.9B credit union headquartered in Jacksonville, FL, led by CEO Wolfburg, reported $11.1B in member deposits at the end of 2025 Q3, an increase of $294.9M (+2.7%) compared to the same quarter last year.
The credit union's 92.4% loan-to-share ratio indicates strong loan demand relative to deposits, which may require attention to deposit pricing and liquidity management.
At a high level: balance sheet is loan-heavy, constraining future optionality.
Deposit Composition
Vystar Credit Union's deposit portfolio is led by Share Certificates, comprising 27.4% of total deposits—time deposits (cds) with fixed terms and rates.
Deposit Portfolio Breakdown
| Deposit Type | Balance | % of Total | YoY Growth |
|---|---|---|---|
| Share Certificates | $3.0B | 27.4% | +8.7% |
| Regular Shares | $2.8B | 25.7% | -1.8% |
| Share Drafts | $2.6B | 23.1% | +2.9% |
| Money Market | $1.9B | 17.1% | -1.0% |
| IRA/KEOGH | $455.4M | 4.1% | -1.7% |
| Non-Member Deposits | $214.3M | 1.9% | +28.1% |
| Other Shares | $83.1M | 0.8% | +14.4% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Deposit Trends
Moderate deposit growth suggests stable member relationships balanced with competitive pricing pressures.
Quarterly Trend
| Period | Total Deposits | QoQ Change | Avg/Member |
|---|---|---|---|
| 2024 Q2 | $10.8B | $11K | |
| 2024 Q3 | $10.8B | -0.3% | $11K |
| 2024 Q4 | $10.7B | -0.7% | $11K |
| 2025 Q1 | $11.1B | +3.5% | $11K |
| 2025 Q2 | $11.0B | -0.2% | $11K |
| 2025 Q3 | $11.1B | +0.2% | $11K |
Source: NCUA 5300 Call Reports
Member Deposit Metrics
Vystar Credit Union serves 1,037,027 members, an increase of 4.0% year-over-year. The average member deposit of $11K has declined 1.2% compared to last year.
Member growth outpacing deposit growth may indicate acquisition of lower-balance members or competitive pressure on rates.
Historical Context: Since the 2008 Crisis
Vystar Credit Union's deposit base has grown 274% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $3.0B in member deposits serving 344,576 members.
Membership has expanded 201% over this period, demonstrating strong community trust and successful member acquisition.
Peer Comparison
Among 43 credit unions in its $7.0B–$20.9B asset peer group, Vystar Credit Union ranks in the 25th percentile for deposit growth.
Outlook
Vystar Credit Union's deposit trajectory will depend on rate competitiveness, member retention efforts, and the broader economic environment affecting member savings behavior.
Vystar Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this deposit growth trajectory can be sustained.
Track This Credit Union
Monitor Vystar Credit Union's quarterly deposit performance, member metrics, and share composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Average deposit calculated as total shares and deposits divided by total members.