Members of 121 Financial Credit Union approved its merger into VyStar Credit Union on Jan. 26, clearing the way for the two Jacksonville-based institutions to complete the merger March 1, 121 Financial said in a news release.
The credit union said it will operate as a division of VyStar through the summer months. A FAQ on VyStar’s website says system conversions are expected to be completed in the fall.
The FAQ also said no decisions have been made on possible branch closings. VyStar has 75 branches in North and Central Florida and 121 Financial has seven offices, all in the Jacksonville area.