ALBANY, N.Y.–Two New York credit unions have announced plans to merge. Members of the $32-million Health Employees FCU have approved a merger into the $3.5-billion State Employees FCU.
The three branches of HEFCU will bring to 50 the number of branches available now to SEFCU members.
“SEFCU is pleased to welcome HEFCU members and employees to the SEFCU family. Led by David Miller, HEFCU has met the needs of its members for four-plus decades. We truly appreciate Dave’s hard work through the years,” said SEFCU President and CEO Michael J. Castellana in a statement. “We look forward to not only supporting our new members but all employees of the three hospitals and the entire medical community as a whole."
HEFCU has approximately 3,500 members, while SEFCU has more than 350,000.