Hudson Valley Federal Credit Union
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| Credit union | |
| Industry | Financial Services |
| Founded | IBM Poughkeepsie Employees Federal Credit Union, Poughkeepsie, New York, (1963) |
| Headquarters | Poughkeepsie, New York, United States |
Key people | Mary Madden, President & CEO |
| Total assets | $4 Billion |
Number of employees | 800 As of September 2013 |
| Website | hvfcu.org |
Hudson Valley Federal Credit Union (often shortened to HVFCU) is a credit union in the New York counties of Dutchess, Orange, Ulster and Putnam. As of September 2013, the institution had 277,000+ members and approximately 800 employees. It is one of the largest credit unions in the United States.
HVFCU offers a wide variety of services, including checking accounts, savings accounts, vehicle loans, home equity loans and lines of credit, mortgages, financial planning through HVFCU Financial Services, property & casualty insurance through Hudson Valley Insurance Agency, business loans and accounts, and VISA debit, credit, and gift cards.
HVFCU offers its members access to over 77,000 surcharge-free ATMs nationwide in the Allpoint, CO-OP, Presto!, and SUM ATM Networks.
From 2010-2012, it was named one of the Best Companies to Work For in New York.
History
In October 1963, a group of IBM employees had a vision—to create a financial cooperative for IBM employees and their families in Poughkeepsie and Fishkill, New York. Their product line in the beginning was modest, consisting of basic savings and consumer loans. By the end of their first year, the credit union had 14 member accounts and $172 in assets.
The name of the credit union changed a few times over the years, and in 1994, the name changed to the present-day name of Hudson Valley Federal Credit Union.
At the beginning of 2003, membership requirements were changed to allow those who live, work, worship, volunteer, or attend school in Dutchess, Orange, or Ulster counties to join the credit union.[1]
On July 1, 2010, HVFCU merged with Putnam Federal Credit Union, in Putnam County, New York. As a result of the merger, individuals who live, work, worship, volunteer, or attend school in Putnam County, are also eligible to become members of HVFCU.
Branches
HVFCU has branches in the following locations: Arlington, Beacon, Brewster, Carmel, Fishkill, Hopewell Junction, Highland, Hyde Park, Kingston, Middletown, Montgomery, New Windsor, Newburgh, Pleasant Valley, Poughkeepsie (159 Barnegat Rd), Poughkeepsie (1 Civic Center Plaza) and Wappingers Falls (Hollowbrook).[2] The credit union also has two branches in IBM buildings in Poughkeepsie and East Fishkill. Those branches are accessible to IBM staff only.
Subsidiaries
- HVFCU Financial Services provides financial planning services.
- Hudson Valley Insurance Agency provides insurance services.
References
- ↑ "Hudson Valley Federal Credit Union Membership". Retrieved 2010-04-12.
- ↑ "Hudson Valley Federal Credit Union Branches & ATMs". Retrieved 2010-08-30.