Jacksonville News

Photo by Member Mark Krancer, Kram Kran Photo

Photo by Member Mark Krancer, Kram Kran Photo


Date ArticleType
1/30/2024 5:00:00 AM Member News

121 Financial Credit Union Thanks Members, Staff and the Community After Vote to Merge with VyStar Credit Union

121 Financial Credit Union to Become a Division of VyStar Credit Union as of March 1, 2024


JACKSONVILLE, FLA (Jan. 29, 2024)-- Members of 121 Financial Credit Union gathered in the afternoon of Friday, Jan. 26 at a special meeting and voted in favor of the proposed merger with VyStar Credit Union. The merger will become effective on March 1, 2024. 121 Financial will operate as a division of VyStar Credit Union and operations will continue as normal throughout the summer months.


“We want to express our gratitude to all members of 121 Financial Credit Union, our partners, and the Jacksonville community for placing their trust and confidence in us for the last 89 years. 121 Financial Credit Union, formerly Florida Telco Credit Union, is incredibly grateful to both current and former volunteer Board members who have generously dedicated their time since the founding of 121 Financial in 1935. 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.


All existing 121 Financial employees will be integrating into the VyStar team and are eager to deliver enhanced services and benefits to members as part of VyStar Credit Union.


"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." 


Over the coming weeks, more information will be provided on the transition. For more information, please visit https://vystarcu.org/121financial and check back for frequent updates.