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SEFCU acquires Home Funding Finders
(Monday, August 16, 2010)


Albany, NY (August 16, 2010) – SEFCU, one of the largest credit unions in upstate New York, has announced it will acquire Home Funding Finders, a mortgage banking company headquartered in Latham. The acquisition will allow the credit union to expand its home loan product line and it will operate Home Funding Finders as a wholly owned subsidiary of SEFCU. Robert MacLasco of SEFCU has been appointed president of Home Funding Finders and Michelle Raymond, the current president of Home Funding Finders, will serve as Senior Vice President, managing day-to-day operations. The acquisition is effective September 1, 2010, and as part of the agreement, SEFCU will retain all Home Funding Finders’ employees. Home Funding Finders will continue to operate from their Latham headquarters and satellite offices.

“We are pleased to welcome Home Funding Finders’ employees and clients to the SEFCU family and look forward to the opportunity to serve their needs. In addition, this growth will allow us to expand our home loan products and services to current and future SEFCU members throughout our markets,” said SEFCU President and CEO Michael J. Castellana.

“We are excited to become part of SEFCU, an organization whose commitment to the community aligns so well with our history of giving back to the neighborhoods we serve,” said Kenneth M. Raymond, Principle of Home Funding Finders and Coldwell Banker Prime Properties. “We recognize the changes that have occurred in the banking industry and believe that for the good of our staff and the clients we serve, joining the SEFCU family, not only makes sense, but is a natural partnership based on how well our corporate and community philosophies align,” Raymond added.

Established in 1934 as the credit union for state employees, today SEFCU is among the 50 largest credit unions in the U.S. with over 1,000 ways to join, more than $2 billion in assets, over 200,000 members and 42 offices in the Capital Region, Binghamton, Syracuse, and Buffalo. In addition to standard deposit and loan products, SEFCU offers 24-hour banking by phone and Internet, electronic bill payment and eStatements, investment and insurance services, and a full range of business banking services. Find us on Facebook® or follow us on Twitter®.

Founded in 1983, Home Funding Finders has offices in Latham, Kinderhook, Hudson Valley, and Syracuse, and has 59 employees. Home Funding Finders is committed to providing customers with the best mortgage products available as well as excellent service.

 

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