Brian E. Wolfburg, president/CEO of VyStar Credit Union, announced that VyStar’s Corporate Headquarters, currently located at 4949 Blanding Boulevard, will move to 76 S Laura Street in Downtown Jacksonville. Built in 1989, the tower has 23 floors and provides more than 380,000 square feet of office space. The building, currently known as the SunTrust Tower, will be renamed the VyStar Tower after closing.
Wolfburg says, “Thanks to the incredible support of our members and the communities we serve, VyStar has experienced considerable growth over the past several years, and to effectively support this positive growth, as well as VyStar’s future expansion plans, our staff continues to expand”. VyStar Credit Union is ranked, by the Jacksonville Business Journal, 13th largest employer in Jacksonville, Florida with nearly 1,400 employees. VyStar is the 17th largest credit union in the nation, with over $7.6 Billion in assets and 610,000 members.
This welcomed growth has had its challenges. It has stretched the capacity of VyStar’s Corporate Office on Blanding Blvd. forcing the credit union, over the past several years, to look for alternative locations to provide work space for their expanding employee base. With VyStar’s current corporate headquarters at capacity, they have temporarily relocated many of their back office staff to their Call Center in Fleming Island and pursued leasing space in other parts of the city to house the overflow.
Wolfburg continues, “In addition to cost, efficiency and well-being of our employees, we also feel that VyStar’s growth over the past 65 years in Northeast to Central Florida warrants a more centralized and visible location within our home city of Jacksonville. We are looking forward to bringing hundreds of employees and consumers to the Jacksonville downtown area and showing our commitment to Downtown Jacksonville as a great place to live, work and play.”
Additionally, new branches continue to be built and opened in Northeast to Central Florida, bringing credit union membership to more people.