Skip to main content
Enter search terms below…

Member News

SEFCU and HEFCU Announce Successful Merger Vote



Health Employees Federal Credit Union (HEFCU) members approved a proposed merger with SEFCU, one of the largest credit unions in upstate New York, at a special meeting last night. Pending regulatory approval, the merger will be effective as of June 1, 2018.

With more than 3,500 members, HEFCU has three branch locations in Albany Med, St. Peter’s Hospital, and Ellis Hospital, all of which will become SEFCU branches post-merger. The three branches will increase SEFCU’s branch network to 50, and represent SEFCU’s continued expansion in the greater Capital Region where more than 70% of its members reside.

“This is a great opportunity for our members to become part of a much-larger credit union that can provide more products, services, and conveniences. One-third of our members are also SEFCU members and the fact that the two credit unions share a commitment to the Capital Region made this a natural fit,” said HEFCU President and CEO David Miller.

“SEFCU is pleased to welcome HEFCU members and employees to the SEFCU family. Led by David Miller, HEFCU has met the needs of its members for four-plus decades. We truly appreciate Dave’s hard work through the years. We look forward to not only supporting our new members but all employees of the three hospitals and the entire medical community as a whole,” said SEFCU President and CEO Michael J. Castellana.

Established in 1934, today SEFCU is among the 50 largest credit unions in the U.S. with more than $3.5 billion in assets, 350,000 members, and 47 branches in the Capital Region, Binghamton, Syracuse, and Buffalo. In addition to full service retail and commercial banking products and services, SEFCU is committed to supporting the community through the donation of time and talent of its staff and members, as well as monetary contributions to help people and make an impact in the communities it serves.  Find us on Facebook® and follow us on Twitter®.

SunFlora, the international CBD brand and creator of award-winning SUNMED products exclusively sold at Your CBD Store franchise locations, has announced its completion of a seven-month-long ValidCare clinical study. The results display the irrefutable evidence of safe and reliable products offered by the brand. SunFlora and 11 other companies…
Since 2016, Excelsior College has celebrated Excelsior Cares Volunteer Week in April to coincide with National Volunteer Week and shine a light on the people and causes that inspire us to serve. Volunteerism by College staff has continued for the past two years despite COVID-19, with drives and volunteering conducted from a distance. Last year,…
Rensselaer County is continuing efforts to obtain energy more efficiently and effectively, today announcing a subscription with OYA Solar for 7.4 MW of clean energy from OYA projects across the state. The county subscription is expected to generate $3 million in savings over the 25-year lifespan of the solar project. The partnership between…
Apr
20
Join our virtual Open House for The Leadership Institute: Class of 2022! Get your questions answered and hear from former Leadership Institute alumni on…
9:00 a.m. - 10:00 a.m.
Apr
22
Tired of spinning your wheels? Need a path to the future?  Futurescaping is the newest approach to goal oriented growth and business development based on…
9:00 a.m. - 10:00 a.m.
Apr
28
The Chamber’s popular Congressional Conversation allows members to hear directly from Congressmen Paul Tonko and Antonio Delgado on the issues that matter…
9:00 a.m. - 10:00 a.m.