McGraw-Hill Federal Credit Union was recently ranked first among 42 credit unions in New York, New Jersey and Pennsylvania for loan growth.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
The credit union serving the now-closed hospital with the trauma center nearest to Ground Zero is shutting down.
McGraw-Hill FCU CEO says his CU also can use the management, talent and influence of its merger partner.
The credit union that served the primary admitting hospital after the 9/11 attacks is being merged, a year after the hospital itself closed.