Atlanta, GA and Middletown, CT – March 26, 2025. MountainSeed Real Estate Services, LLC (“MountainSeed”), a Georgia limited liability company, has successfully completed a sale-leaseback transaction with Seasons Federal Credit Union (“the Credit Union”).
Effective March 26th, 2025, under the terms of this transaction, Seasons Federal Credit Union sold one property, which it owned and operated as an office location. The property is located in the immediate vicinity of their headquartered location in Middletown, Connecticut.
Concurrently, Seasons Federal Credit Union entered into a master lease agreement (the “Lease Agreement”), under which the Credit Union will lease back the property. The Lease Agreement has an initial term of 15 years, with an option for the Credit Union to extend the lease for an additional 15-year term. As part of this sale-leaseback transaction, the Credit Union will continue its operations without closing any offices or exiting any markets, ensuring seamless service to its members, making a long-term commitment to the geographic area, and maintaining its strong presence in the local community.
MountainSeed’s continued commitment to conducting sale leaseback transactions further establishes the company as a reliable resource for both Credit Unions and Banks. It provides Seasons Federal with enhanced financial flexibility in the current economic environment.
“The transaction from start to finish was handled professionally and efficiently by MountainSeed. The process provided us with immediate liquidity while retaining operational control of our building. We were able to unlock capital, which was tied up in real estate, and reinvest the funds into core business operations and expansion. I would not hesitate to recommend MountainSeed to anyone considering a sale leaseback transaction,” noted Keith Wiemert, Chief Executive Officer of Seasons Federal Credit Union.
About MountainSeed: MountainSeed acts as a beacon of trust and innovation in the real estate and banking industries, serving as a partner to over 600 community Banks and Credit Unions across 50 states. MountainSeed has become the most active company in conducting sale leaseback transactions with community Banks and Credit Unions. In addition, the company processes over $5 Billion commercial real estate transactions monthly, offering expertise to clients in the commercial real estate and lending industries. Their tech-enabled business provides clients access to a marketplace of products, services, and real estate data.
About Seasons Federal Credit Union: Seasons Federal Credit Union began in 1935 when a group of educators in Middletown, Connecticut, formed a credit union to provide low-cost loans and financial support to their colleagues. Originally chartered as Northern Middlesex School Employees Credit Union, it expanded over the decades, rebranding in 1959 as Middlesex Schools Federal Credit Union to reflect its broader reach. A major milestone came in 2005 with the merger of Meriden Municipal Federal Credit Union, further strengthening its membership. By 2006, recognizing its diverse and growing community, the credit union adopted the name Seasons Federal Credit Union, symbolizing its commitment to supporting members through every stage of life. Today, it serves over 16,000 members with innovative banking solutions while maintaining its founding values of service, community, and trust.
For further information or inquiries, please contact:
- MountainSeed Sales
– Email: [email protected]
- Keith Wiemert, Chief Executive Officer, Seasons Federal Credit Union
– Email: [email protected]
Forward-Looking Statements
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