About SEFCU

What is a Credit Union?

A credit union (like SEFCU) is a cooperative financial institution, owned and controlled by the people who use its services, called members.

Credit unions serve groups that share something in common, such as where they work, live, or worship.

Credit unions are not-for-profit, and unlike banks, they work to turn profits into great rates for their members.

You can rest easy knowing your money is safe here. Like all federal credit unions, SEFCU is chartered, regulated, and insured by the National Credit Union Administration (NCUA), a U.S. government agency created for just this purpose. Member accounts are insured up to at least $250,000, and up to $250,000 for IRA accounts.

Our History

1934: SEFCU opens its doors

1990s: SEFCU Foundation

Gave employees a chance to raise money for children’s causes

2007-2008: A Shift in Thinking

We changed our measure of success from “dollars and cents” to “lives impacted”

2007-2020, 2022

Times Union reader poll named us the Best Bank/Credit Union of the Capital Region

2013: Giving for Good

Established an easy way for members and employees to make a small monthly donation for the community.

Our Leadership Team

Board of Directors

“I believe in the cooperative spirit where SEFCU is owned by the members it serves, and, importantly, SEFCU’s progressive agenda...for the communities we serve.’”

– Ron Rock