Vystar Credit Union (68490), a $13.9B credit union headquartered in Jacksonville, FL, led by CEO Wolfburg, reported $10.2B in outstanding loans at the end of 2025 Q3, an increase of $161.5M (+1.6%) compared to the same quarter last year.
The credit union's 92.4% loan-to-share ratio indicates aggressive lending relative to deposit base, which may require liquidity management attention. With 481,529 loans outstanding to 1,037,027 members, the average loan balance stands at $21K.
Net effect: elevated loan-to-share ratio limits incremental lending capacity.
Portfolio Composition
Vystar Credit Union's loan portfolio is dominated by Indirect Loans, comprising 27.0% of total loans. This diversified approach balances risk across multiple loan categories.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Indirect Loans | $2.8B | 27.0% |
| Used Vehicles | $1.7B | 16.2% |
| New Vehicles | $1.2B | 11.7% |
| Business Loans | $996.2M | 9.7% |
| Credit Cards | $665.3M | 6.5% |
| Other Unsecured | $343.8M | 3.4% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Moderate loan growth suggests stable demand balanced with prudent underwriting standards.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $10.1B | 93.3% | |
| 2024 Q3 | $10.1B | -0.1% | 93.4% |
| 2024 Q4 | $10.0B | -0.9% | 93.2% |
| 2025 Q1 | $9.8B | -1.2% | 89.0% |
| 2025 Q2 | $10.0B | +1.4% | 90.4% |
| 2025 Q3 | $10.2B | +2.3% | 92.4% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
Vystar Credit Union reports $143.3M in loans delinquent 60+ days, representing a 1.40% delinquency rate. This moderate delinquency rate is consistent with industry norms.
Year-to-date net charge-offs of $73.5M represent a 0.72% annualized loss rate. Charge-off trends should be monitored as economic conditions evolve.
Historical Context: Since the 2008 Crisis
Vystar Credit Union's loan portfolio has grown 314% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $2.5B in loans with a 1.14% delinquency rate.
Today's delinquency rate of 1.40% exceeds crisis-era levels, signaling potential stress in the current lending environment.
Peer Comparison
Among 43 credit unions in its $7.0B–$20.9B asset peer group, Vystar Credit Union ranks in the 25th percentile for loan growth.
Outlook
Vystar Credit Union's loan portfolio trajectory will depend on economic conditions, interest rate movements, and the credit union's ability to compete with banks and fintech lenders for consumer and auto loans.
Vystar Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this growth trajectory can be sustained.
Track This Credit Union
Monitor Vystar Credit Union's quarterly loan performance, credit quality metrics, and portfolio 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. Delinquency rate calculated as loans 60+ days past due divided by total loans. Crisis comparison uses Q3 2008 as baseline.