The $8.5 million St. Vincent's Employees Federal Credit Union in New York City will be merging into the $256 million, 17,000-member McGraw Hill Federal Credit Union in East Windsor, N.J.
The 1,300-member St. Vincent's Employees FCU primarily served St. Vincent's Hospital Manhattan, which shut down last year after a 161-year history that included serving as the primary admitting hospital after the Sept. 11, 2011, attacks on the World Trade Center.
"During this national disaster, employees of the credit union worked around the clock to ensure money was available to members and worked side-by-side with hospital employees volunteering in many capacities. The tragedy deepened an already strong bond between St. Vincent's Employees FCU and its members – one that made the 2010 closing of Saint Vincent's hospital painful for both members and credit union personnel," McGraw-Hill FCU said in the merger announcement.
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