The credit union voted to approve the merger Friday.
JACKSONVILLE, Fla. — Members of 121 Financial Credit Union officially voted to merge with Vystar Credit Union Friday.
The merger will become effective on March 1, 2024.
121 Financial will become a division of Vystar and operations will continue as normal throughout the summer.
All employees will integrate into the VyStar team.
121 Financial, formerly Florida Telco Credit Union, has been a part of Jacksonville for 89 years.
“As we embark on this next chapter, we reflect on the impact and meaningful contributions we have had on Northeast Florida. We are excited for the future with VyStar and look forward to creating a long-lasting impact together,” said David Marovich, 121 Financial Credit Union President and CEO.
“We are grateful to the community, the members of 121 Financial and its Board of Directors for entrusting us with their financial needs,” said VyStar President/CEO Brian Wolfburg. “We welcome the 121 Financial employees to VyStar and are excited about the opportunity to continue the 89-year legacy of serving our members and communities.”
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