will convert from its current account processing provider, and move from an in-house to an on-demand delivery model.
is among the top 50 credit unions in the U.S., with approximately $3.5 billion in assets and more than 350,000 members in communities across New York.
The pilot met with such success that SEFCU
decided to continue it beyond an initial 90 day test run.
In addition to heading the $2.3 billion SEFCU
in Albany, Castellana is cochair of the Capital Region Economic Development Council.
Michael Castellana, president/CEO of the $2.1 billion SEFCU
of Albany, N.Y.
's members have more demand for business loans than the credit union's appetite, and he's looking for loan participation partners.
The $2 billion SEFCU
credit union, headquartered in Albany, N.Y., has purchased an area mortgage origination firm to expand its mortgage offerings.
The consolidation had been sought by the 3,000-member SEFCU
last year after "more than a year of a financial struggle" and the search for a suitable partner, said Dennis Cutter, president/CEO of Numerica.
Members of the $1.8 billion SEFCU
will receive discounts on products and services from the Albany, N.Y.-based cooperative through a new program with area businesses.
, Albany, N.Y., recently hired Gary Young as chief banking officer.
, Albany, N.Y., celebrated its commitment to going green and Earth Day by distributing free seedlings to members visiting any credit union branch.
Through its purchase of an ownership interest in Xtend, SEFCU
also becomes the second South Dakota-based credit union to buy into the CUSO.