SMITHFIELD, R.I.–Two Rhode Island credit unions have announced plans to merge. Kent Hospital FCU said it is merging into the $2.2-billion Navigant FCU.
The news was first reported by the Cooperative Credit Union Association.
Kent Hospital FCU’s FOM includes employees, medical staff, volunteers, retirees and immediate family members of all Care New England Health Care Facilities. Kent Hospital Federal Credit Union’s physical branch, located in Kent Hospital, will complement Navigant Credit Union’s 18 branch locations throughout Rhode Island, the CCUA said.
“We evaluated all possible partners, and selected Navigant Credit Union because of its excellent reputation for member service and its expansive list of products and services,” Eugene Leco, CEO, Kent Hospital FCU, told the CCUA. “Our members will also have access to their accounts at any of Navigant’s 18 branch locations throughout Rhode Island. Navigant Credit Union’s size, strength and stability offer the best opportunity for the growth of our membership and our employees.”
‘Excited at Opportunity’
“We’re excited at the opportunity to serve the members of Kent Hospital Federal Credit Union, and we’re committed to providing them with the exceptional banking experience for which Navigant Credit Union is known,” said Navigant Credit Union President/CEO Gary Furtado in a statement to the CCUA.
Plans call for the merger to be finalized in the first quarter of 2020.