Sep, 30, 2025 — STATE EMPLOYEES FEDERAL CREDIT UNION (SEFCU) is a federal credit union headquartered in ALBANY, NY with 62 branch locations and about $9.02 billion in total assets. Opened 92 years ago in 1934, STATE EMPLOYEES FEDERAL CREDIT UNION (SEFCU) has about 510,624 members and employs 1,340 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4 Winners Cir ALBANY, NY 12205-1121 |
| Phone: | (518) 458-8986 |
| Fax: | (518) 458-2261 |
| Website: | https://www.broadviewfcu.com |
| Branches: | 62 branch locations |
| Members: | 510,624 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 51 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,024,142,199 |
| CEO/Manager: | Michael J Castellana |
| Chairperson: | Patrick Kelly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 783,522,914 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 31,674,053 |
| Real Estate Loans | 4,951,413,329 |
| Unsecured Loans | 459,817,066 |
| Other Loans | 1,451,103,084 |
| TOTAL LOANS | 6,862,531,258 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,669,136 |
| Land And Building | 59,099,503 |
| Other Fixed Assets | 30,995,299 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 71,309,947 |
| All Other Assets | 2,480,874 |
| TOTAL ASSETS | 9,024,142,199 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,941 |
| Notes & Interest Payable | 250,000,000 |
| Accounts Payable & Other Liabilities | 101,383,438 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,523,021,574 |
| Regular shares | 1,880,799,843 |
| All Other Shares & Deposits | 4,567,371,237 |
| TOTAL SHARES & DEPOSITS | 7,971,192,652 |
| TOTAL LIABILITIES | 8,323,234,650 |
| Regular Reserve | 0 |
| Other Reserves | 214,606,546 |
| Undivided Earnings | 486,301,003 |
| TOTAL EQUITY | 700,907,549 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,024,142,199 |
| INCOME & EXPENSE | |
| Loan Income | 272,987,995 |
| Investment Income | 36,026,649 |
| Other Income | 27,312,393 |
| Total Employee Compensation & Benefits | 119,996,316 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 104,359,941 |
| Non-operating Income & (Expense) | -396,476 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,869,945 |
| Cost of Funds | 110,895,457 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,880,090 |
| ↑ Back to Top | |