What is a Credit Union?

Group of people icon

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

group of people connected

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

Hand holding money icon

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


Read Board Bios

Supervisory Committee


Meet the people who make sure we’re doing everything we can to protect your assets.



Read Committee Bios


We’re committed to ensuring your accounts are secure

SSL certificate iconSecure Sockets Layer (SSL) Encryption provides a secure channel for data transmission. Login security iconLogin process requires more than just a password to access your account. Online banking security iconOnline banking allows you to change passwords  at any time. SMS security iconYou can set up Text Alerts to notify you of balance and withdrawal changes. Email alerts iconEmail Alerts confirm any time your security settings are updated.

Rules We’re Bound By 

View all legal documents