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VyStar Credit Union wins Economic Vehicle Accessibility Award from Open Lending

VyStar recognized for bringing vehicle ownership opportunities to underserved consumers

JACKSONVILLE, FL (April 9, 2024) — VyStar Credit Union was recently honored with a 2023 Economic Vehicle Accessibility Award (EVAA) from Open Lending at its inaugural EVAAs, held in Washington, D.C.

VyStar was recognized for its commitment to driving access to vehicle ownership through equitable financing opportunities for consumers often overlooked by traditional underwriting methods.

Awards are based on categories defined by the asset size of the credit union and judged by the number of Lenders Protection certified loans booked for the 2023 calendar year.

Through Open Lending, VyStar assisted more than 5,000 members receive approval for auto loans with competitive financing terms. “We are honored to be recognized by Opening Lending,” said VyStar VP, Indirect Lending & Business Development Ivan McBride. “They have been a tremendous partner to our credit union by offering support in our mission to Do Good in the communities we serve by providing more opportunities for the financially underserved in Northeast Florida as we expand our footprint in new and emerging markets in Georgia and Central Florida.”

For over 20 years, Open Lending has supported credit unions by providing more accurate pricing, loan structuring, automated decisioning and identifying credit worthy auto loan applicants in the near-prime and non-prime credit tiers.

“Open Lending is proud to recognize the incredible work that credit unions and banks do to bring loan opportunities to underserved consumers,” said Open Lending Senior Vice President, Marketing Kevin Filan. “Creditworthy near-prime and non-prime loan applicants are frequently overlooked, and they often need financing opportunities to become vehicle owners and achieve upward credit mobility. We established the EVAAs to honor partners like VyStar Credit Union for going above and beyond in their service to these consumers, and to inspire other financial institutions to do the same.”

VyStar members can take advantage of auto loans that have among the lowest rates available and enjoy quick and easy loan approvals. With a VyStar auto loan members can save more money now and enjoy more cash in hand. For more information go to www.vystarcu.org/personal/borrow or visit a VyStar branch.


About VyStar Credit Union

VyStar Credit Union is the second-largest credit union headquartered in Florida, with over 80 branches and now serves more than 975,000 members with assets of over $14 billion. VyStar is the top mortgage lender in Northeast Florida and a major employer in the region with over 2,500 employees across the communities it serves. VyStar membership is open to everyone who lives or works in the 49 contiguous counties of Central to North Florida, 29 Georgia counties, and past and present military members and their families all over the world. For more information, visit vystarcu.org, and follow us on FacebookInstagramX (Twitter), and LinkedIn

Contacts

Charlene Shirk
Assistant Vice President of Public Relations
shirkc@vystarcu.org

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