Skip to main content
Enter search terms below…

Member News

SEFCU Insurance Agency to Transfer Commercial Insurance to Rose & Kiernan



SEFCU Insurance Agency, a wholly owned subsidiary of SEFCU with offices in Schenectady, Cobleskill, Cooperstown, and Schoharie, will transfer its commercial property/casualty and benefits practices to Rose & Kiernan, Inc., the area’s largest insurance brokerage firm, headquartered in East Greenbush, NY.

SEFCU is committed to operating a best-in-class financial institution that provides outstanding products and services to members and communities across New York State. As its commercial insurance practice demands increasing financial and human resources, SEFCU has decided that the best way to serve its members and communities is to divest a “non-core” service while focusing on the development of its banking and investment competencies and expanding its personal insurance business.

Rose & Kiernan, Inc. will purchase the commercial and benefits practice of SEFCU Insurance Agency, maintain all existing staff, and remain dedicated to the clients and communities SEFCU Insurance Agency has served for many years.

“We are excited to have the opportunity to have such a terrific group of insurance professionals with great client relationships join our firm,” said John Murray, Chairman and CEO of Rose & Kiernan, Inc. “SEFCU offers us the opportunity to add offices in new locations staffed by highly regarded insurance professionals. We are also excited to have the opportunity to partner with SEFCU on community activities where they are one of the most recognized leaders in philanthropic endeavors benefiting the communities where they live, work and raise their families.”

As one of the 50 largest credit unions in the United States and one of the largest financial institutions headquartered in New York State, SEFCU continues to make all aspects of member service its top priority. As the transition of commercial clients is completed, SEFCU Insurance Agency will remain dedicated to providing and enhancing its delivery of high-quality personal insurance products and services.

“We are thrilled with our agreement with Rose & Kiernan as we seem to have found a kindred spirit in supporting those in need in our community,” said SEFCU President and CEO Michael J. Castellana. “It is comforting to know that our existing commercial staff and clients will be well cared for as we make this transition to focus on growing our personal insurance business. We wish Rose & Kiernan and its new staff and clients continued success as we double down on our commitment to serving SEFCU members in the Capital Region and across the state.”

The tansfer of clients and employees is expected to be completed by November 1.

Mayor Patrick Madden announced the City of Troy is moving forward with the demolition of the former Leonard Hospital building in north Troy. The city is seeking qualified contractors to remove the abandoned medical facility – located at 74 New Turnpike Road in the Collar City’s historic Lansingburgh neighborhood – by October 1, 2019.   Mayor…
Hudson Valley Community College and the Capital Region Workforce Development Board have teamed up with social services organization Northern Rivers Family of Services to offer a new “Learn Where You Earn” program to give employees a chance to further their education right where they work. Starting this summer, Hudson Valley will begin offering…
PLANADVISER has named HANYS Benefit Services as one of its 2019 Top 100 Retirement Plan Advisers. PLANADVISER’s Top 100 Retirement Plan Advisers is an annual list of the retirement plan advisers and adviser teams at the top of their respective peer groups in terms of assets under advisement or number of retirement plan clients—including sponsors…
May
09
Market, develop & connect at our must-attend event of the year! The Annual Dinner {with a twist} & Business Expo is the Chamber’s premier event of…
5:30 p.m. Networking & Expo Booths
May
22
Get connected, develop leads and build relationships at our one-of-a-kind, fast-paced networking event! These luncheons are a purposeful and effective way…
11:30 a.m. Check-In & Lunch; 12-1:15 p.m. Networking
May
23
A four week training series is designed for certified and pending certification MWBE business. Learn how to adapt your business model and cash flow…
7:30 a.m. Check-in & Networking; 8-9 a.m. Program Training