Hudson Valley Federal Credit Union

owned banking organization providing financial services to individuals across southern New York.

History:
In October of 1963, some employees from IBM set out to provide their coworkers in the Poughkeepsie and Fishkill offices with an alternative to corporate banking when it came time to get loans or make deposits.

Beginning with just 14 accounts and $172 in assets, the organization has grown to include other company offices and individuals from the four surrounding companies. This expansion has led to renaming to the more accurate HVFCU, as the 18 current branches are spread out on either side of the Hudson River.

Products and Services:
The following products and services are being offered by the credit union:
Free Checking
Savings Accounts and Money Markets
Mortgages, Vehicle, and Personal Loans
Online and Mobile Banking
Home, Car, and Life Insurance Policies
Health Savings Accounts
Financial Planning
Business Lending and Checking Accounts
Organizational Structure:
The strategic planning for HVFCU is done by a nine-person, all-volunteer Board of Directors elected by the members to ensure the institution continues to meet the needs of each accountholder while maintaining overall fiscal health. As an added measure, a seven-person team is elected to form a Supervisory Committee to keep a more direct eye on the financial health of HVFCU and make recommendations for changes. Both of these groups work with a handful of executives that oversee day-to-day operations that ensure each of the 253,000-plus people who chose to bank with HVFCU are put before profits. This philosophy has led people to trust the organization with managing more than $3 billion in assets.
Contact Details:
If you would like to know more about Hudson Valley Federal Credit Union, inquire by phone or mail at:
Hudson Valley Federal Credit Union
159 Barnegat Road
Poughkeepsie, NY 12601
Toll Free: (800) 468-3011
Local: (845) 463-3011

 

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Last Updated on : 27th June 2013

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