SEFCU Acquires Local Mortgage Bank
ALBANY, N.Y. – SEFCU, formerly State Employees FCU, announced yesterday it has purchased Home Funding Finders, a mortgage banking company in nearby Latham.
The acquisition will allow the $2 billion credit union to expand its home loan product line. It will operate Home Funding Finders as a wholly owned CUSO.
Home Funding Finders was founded in 1983. It has offices in Latham, Kinderhook, Hudson Valley and Syracuse. It has 59 employees.
The acquisition is effective Sept. 1. As part of the agreement SEFCU will retain all of Home Funding Finders’ employees.