NEW HAVEN, Conn.–Members ofBridgeport Hospital FCU have voted in favor of a merger with Healthcare Financial FCU.
The combined institution will have assets of more than $50-million and more than 8,900 members along with three branches.
“The result is an even stronger credit union that delivers more value to all its members,” said Healthcare Financial FCU Chair Paul Minore.
The merger was effective Jan. 1, with Healthcare Financial Federal Credit Union the surviving name and charter. Both institutions have committed to retaining existing employees. Josephine Savino will serve as CEO.
The goal is to have integration completed by April 4. The combined credit union will serve all healthcare employees in the four southern counties of Connecticut.
“With the combined resources of two institutions, we are ideally positioned to focus on innovations that will enhance the overall member experience,” said Savino.