Merger, they wrote • Brooklyn Paper

Merger, they wrote

SEALING THE DEAL: Bret Sears, left, president and CEO of Island Federal Credit Union, shakes hands with Anthony Grigos, CEO of Bay Ridge Federal Credit Union, cementing the merger of the two credit unions.
Courtesy Island Federal Credit Union

Bay Ridge

Stop the presses — Bay Ridge Federal Credit Union has merged with Island Federal Credit Union.

For more than 80 years, Bay Ridge Federal Credit Union has taken care of the financial needs of its members. Now as a result of the merger with Island Federal Credit Union (Island Federal) it will be able to spread its interests all the way to the other end of our beloved Long Island.

“We’re thrilled to become part of Island Federal, which is one of the best performing credit unions in New York State. We offer nearly 150 years of combined experience and commitment to our respective communities,” said Anthony Grigos, chief executive officer of Bay Ridge Federal Credit Union. “I look forward to the coming years with excitement as we continue to enhance people’s lives through meaningful financial services.”

And the new bosses touted the merger as the next great thing for money management on Long Island.

“Throughout its 63-year history, Island Federal’s guiding principle has been delivering member-focused products and services through outstanding member service,” said Bret W. Sears, president and chief executive officer of Island Federal. “Island Federal is eager to continue Bay Ridge’s excellent member service and provide their membership with the great value of an expanded menu of products. We are also excited to be able to offer greater credit union access to our membership, particularly those living and working in Brooklyn.”

As of Oct. 1, Bay Ridge’s Brooklyn headquarters and branch at 1750 86th St. will be the 10th Island Federal location and operate as a full-service, community-focused branch. Bay Ridge members will now have access to Island Federal’s nine Long Island branches, more than 75,000 surcharge-free automated teller machines, and more than 5,600 shared branches nationwide.

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