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State Employees Credit Union

Overview
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State Employees Credit Union is a federal credit union based in Albany, New York. It has been opened since 1934, for 86 years.

With around $3,755,480,000 in assets, State Employees Credit Union is considered to be a very large credit union. It has 52 branches and 50 ATM locations.

About
Address 700 Patroon Creek Boulevard
Albany, New York 12206
Website http://www.sefcu.com
Phone (518) 464-5331
Fax (518) 464-5227
CEO Michael J. Castellana
President of the Board Ron Rock
Services Offered
Map
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Score Card
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86 years
Years in business
Opened in 1934
Well Capitalized
Net worth classification
Source: NCUA
365,906 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
396:1
Credit union member to staff ratio
396 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$3,755,479,304
Total assets
Above average
52 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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52 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
State Employees Credit Union Branch Locations

State Employees Credit Union: Guilderland
2114 Western Avenue
Guilderland, New York 12084
ATM Available
State Employees Credit Union: Wilton
7 Lowes Drive
Saratoga Springs, New York 12866
ATM Available
State Employees Credit Union: Empire State Plaza
5 Empire State Plz Suite 110
Main Concourse
Albany, New York 12223
ATM Available
State Employees Credit Union: Skidmore
815 North Broadway
Jonsson Tower
Saratoga Springs, New York 12866
ATM Available
State Employees Credit Union: Niskayuna
3200 Balltown Road
Schenectady, New York 12304
ATM Available
State Employees Credit Union: Latham
935 New Loudon Road
Latham, New York 12110
ATM Available
State Employees Credit Union: Hoosick Vrc
256 Hoosick Street
Troy, New York 12180
ATM Available
State Employees Credit Union: Kirkwood
4 Crescent Drive
Kirkwood, New York 13795
ATM Available
State Employees Credit Union: Wolf Road
40 Wolf Road
Albany, New York 12205
ATM Available
State Employees Credit Union: Arbor Hill
388 Clinton Avenue
Albany, New York 12206
ATM Available
State Employees Credit Union: Vista
12 Vista Boulevard
Slingerlands, New York 12159
ATM Available
State Employees Credit Union: Buffalo
598 Main Street
Buffalo, New York 14202
ATM Available
State Employees Credit Union: Amsterdam
5003 State Highway 30
Amsterdam, New York 12010
ATM Available
State Employees Credit Union: Rotterdam
93 W. Campbell Road
Rotterdam, New York 12306
ATM Available
State Employees Credit Union: Ellis Hosp
1101 Nott Street
Schenectady, New York 12308
ATM Available
State Employees Credit Union: Street Peters Hosp
315 S. Manning Boulevard
Albany, New York 12208
ATM Available
State Employees Credit Union: Albany Medical Center Hosp
43 New Scotland Avenue # Mc-31
Albany, New York 12208
ATM Available
State Employees Credit Union: Syr S. Crouse Avenue
704 S. Crouse Avenue
Syracuse, New York 13210
ATM Available
State Employees Credit Union: Mobile Ii
700 Patroon Creek Boulevard
Albany, New York 12206
ATM Available
State Employees Credit Union: Headquarters
575 Broadway
Albany, New York 12207
ATM Available
State Employees Credit Union: Bdc Automated Branch
249 Glenwood Road
Binghamton, New York 13905
ATM Available
State Employees Credit Union: Altamont
763 Main Street
Rt 146
Altamont, New York 12009
ATM Available
State Employees Credit Union: State Street
110 State Street
Albany, New York 12207
ATM Available
State Employees Credit Union: Court Street
82 Court Street # 84
Binghamton, New York 13901
ATM Available
State Employees Credit Union: Amherst
3155 Niagara Falls Boulevard
Amherst, New York 14228
ATM Available
State Employees Credit Union: Clarence
4375 Transit Road
Williamsville, New York 14221
ATM Available
State Employees Credit Union: Clifton Park
16 Park Avenue
Clifton Park, New York 12065
ATM Available
State Employees Credit Union: Cobleskill
567 Main Street
Cobleskill, New York 12043
ATM Available
State Employees Credit Union: Cooperstown
169 Main Street
Cooperstown, New York 13326
ATM Available
State Employees Credit Union: East Greenbush
120 Troy Road # Rt
East Greenbush, New York 12061
ATM Available
State Employees Credit Union: Glenmont
384 Route 9W
Glenmont, New York 12077
ATM Available
State Employees Credit Union: Glenville
290 Saratoga Road
Inside Price Chopper
Glenville, New York 12302
ATM Available
State Employees Credit Union: Suny Albany
1400 Washington Avenue
Albany Campus Center
Albany, New York 12222
ATM Available
State Employees Credit Union: S. Pearl Street
200 S. Pearl Street
Albany Housing Authority Building
Albany, New York 12202
ATM Available
State Employees Credit Union: Patroon Creek
655 Patroon Creek Boulevard
Albany, New York 12206
ATM Available
State Employees Credit Union: Onecommerce Plaza
99 Washington Avenue
Albany, New York 12210
ATM Available
State Employees Credit Union: Albany Street
920 Albany Street
Schenectady, New York 12307
No ATM
State Employees Credit Union: Park South
16 New Scotland Avenue
Albany, New York 12208
ATM Available
State Employees Credit Union: Schodack
89 Miller Road
Castleton, New York 12033
ATM Available
State Employees Credit Union: Upper Front Street
1137 Upper Front Street
Binghamton, New York 13905
ATM Available
State Employees Credit Union: Malta
2537 Rt 9
Malta, New York 12020
ATM Available
State Employees Credit Union: Mobile I.
700 Patroon Creek Boulevard
Albany, New York 12206
ATM Available
State Employees Credit Union: Suny Buffalo
520 Lee Entrance Suite 101A
Amherst, New York 14228
ATM Available
State Employees Credit Union: Sefcu Square
469 State Street
Schenectady, New York 12305
ATM Available
State Employees Credit Union: Cicero
8086 Brewerton Road
Cicero, New York 13039
ATM Available
State Employees Credit Union: Nanotech
257 Fuller Road
Albany, New York 12203
No ATM
State Employees Credit Union: Vestal
3640 Vestal Road
Vestal, New York 13850
ATM Available
State Employees Credit Union: Troy
65 Vandenburgh Avenue
Troy, New York 12180
ATM Available
State Employees Credit Union: Syr Simon Drive
107 Simon Drive
Syracuse, New York 13224
ATM Available
State Employees Credit Union: Syr Deys Building
401 S. Salina Street
Syracuse, New York 13202
ATM Available
State Employees Credit Union: Slingerlands
1395 New Scotland Road
Price Chopper Plaza
Slingerlands, New York 12159
ATM Available
State Employees Credit Union: Rpi
110 8th Street
Troy, New York 12180
ATM Available
Members
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365,906 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 365,906 members, the State Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 100% of credit unions.

Fees
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$52
Average fee per member
The average fee per member at the State Employees Credit Union is $52, which is comparable to most credit unions. This rate is lower than 47% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the State Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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396:1
Credit union member to staff ratio
396 per each FTE employee
Compared to 411:1 nationally
Average number of staff
925 staff members
FTE (full-time equivalent)
4% of employees are part-time
905 full-time, 40 part-time

State Employees Credit Union has 905 full-time staff members and 40 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. State Employees Credit Union has around 396 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$3,755,479,304
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
7.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,900
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 75% of credit unions.

State Employees Credit Union holds a total of $2,358,230,000 in loans and leases, which is about $13,900 per member on average.

Savings interest rate
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0.30%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. State Employees Credit Union pays 0.30%.

Loan rates
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11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.59%
New car loan rate
Compared to 4.0% nationally
2.84%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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3.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
3.50%
Other real estate loan rates
Compared to 0.9% nationally
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