SEFCU Announces ‘Paying it Back,’ A Program for Active U.S. Military and Veterans

Albany – SEFCU, one of the largest credit unions in upstate New York, has announced the creation of a program to assist active U.S. Military and Veterans from all five branches of the armed forces and the National Guard.

The program includes a 0.25% Annual Percentage Rate reduction on all SEFCU auto, RV/boat, sportscraft, and fixed-rate Home Equity Loans on top of all other rate reductions (Home Equity Lines of Credit coming soon), as well as waiving the $350 commitment fee and $175 application fee for any mortgage.

“SEFCU has established this new program to show our gratitude for the sacrifices our active military and veterans have made. These men and women have paid it forward and now it’s our turn to pay them back,” said Michael J. Castellana, SEFCU President and CEO.

To apply for a loan, individuals must be (or become) SEFCU members. Qualified applicants will need to show military/veteran IDs or other proof of military status, in addition to meeting all underwriting criteria. Those interested in this program, can visit sefcu.com/militaryprogram for more information.

Established in 1934, today SEFCU is among the 50 largest credit unions in the U.S. with more than $3 billion in assets, more than 330,000 members, and 47 branches in the Capital Region, Binghamton, Syracuse, and Buffalo. In addition to full service retail and commercial banking products and services, SEFCU is committed to supporting the community through the donation of time and talent of its staff and members, as well as monetary contributions to help people and make an impact in the communities it serves.  Find us on Facebook® and follow us on Twitter®.