North Shore LIJ Health System Federal Credit Union, LIJ Employees Federal Credit Union, and Hillside Hospital Federal Credit Union have expressed an interest in exploring a possible merger of the three credit unions.
This potential merger would allow the organizations, each of which are headquartered in Nassau or Queens counties, New York and who primarily serve employees of North Shore-Long Island Jewish Health System, Inc. (North Shore-LIJ- Health Systems, Inc.) to more efficiently achieve their goals of offering expanded products, services and a larger branch network, according to D. Hilton Associates Inc., a consulting firm assisting in the merger exploration.
North Shore LIJ Health System FCU has 11,000 members and $56 million in assets. The $23 million LIJ Employees FCU has 4,000 members. Hillside Hospital FCU serves a membership of more than 2,000 and with assets of more than $14 million.
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"The addition of branches and ATMs, as well as the expanded products and services made possible by such a merger would fulfill goals that might otherwise take years to realize," said Gary Leonard, president, board of directors of North Shore LIJ Health System FCU.
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