NCUA approved the merger of Brooklyn-based Bay Ridge FCU into Island FCU, based out of Hauppauge.
Island Federal will have assets of $1.6 billion and nearly 50,000 members after the merger, with nine branches on Long Island and one in Brooklyn.
Bay Ridge FCU’s Brooklyn headquarters and branch, will become Island Federal’s 10th location, and it will operate as a full-service, community-focused branch. Bay Ridge FCU members will have access to Island Federal’s nine Long Island branches, over 75,000 surcharge-free ATMs and more than 5,600 shared branches nationwide.
For more information on this merger, view Island Federal’s press release.