Eric Nystrom, president/CEO of My Healthcare Federal Credit Union based in Gainesville, Fla., announced the credit union has been granted a Trades, Industries and Practices (TIP) charter to serve any employee throughout the state of Florida who works in the healthcare field. The new charter, approved by the National Credit Union Administration on Sept 30, 2019, expands the credit union’s potential field of membership from 16,000 to more than 500,000.
My Healthcare FCU most recently served employees of 27 Select Employee Groups (SEG) predominantly in Florida with most members located in the Gainesville, Fla., area, including employees of UF Health/Shands and North Florida Regional Medical Center, a Hospital Corporation of America (HCA) hospital. Outside of the Gainesville area, the credit union primarily served current and former HCA hospitals including two facilities in northern Virginia.
The new boundaries will allow the credit union to take a carefully considered approach to reaching out to potential members while still including HCA hospitals throughout the state. With two branches in Gainesville, My Healthcare FCU has no immediate plans to open new locations.
“We believe one of our primary strengths is in our singular focus on serving employees in the healthcare field,” said Nystrom. “In order to grow and remain viable, we sought a TIP Charter through the NCUA. Our plan with the expanded field of membership is to grow strategically, beginning in the greater Gainesville/Ocala/Lake City areas and working concentrically outward.”