SEFCU, Albany, N.Y., the one-time State Employees FCU, said it has purchased Home Funding Finders, a mortgage banking company in nearby Latham. No price was disclosed.
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The acquisition will allow the credit union to expand its home loan product line and it will operate Home Funding Finders as a wholly owned CUSO of the $2 billion credit union.
Home Funding Finders was founded in 1983 and has offices in Latham, Kinderhook, Hudson Valley, and Syracuse, and has 59 employees.
The acquisition is effective September 1, 2010, and as part of the agreement, SEFCU will retain all Home Funding Finders' employees.
