Hudson Valley Credit Union

Last updated
Hudson Valley Credit Union
Company type Credit union
Industry Financial services
FoundedIBM Poughkeepsie Employees Federal Credit Union, Poughkeepsie, New York, (1963)
Headquarters Poughkeepsie, New York, United States
Key people
Jonathan Roberts, President & CEO
Total assets $7 Billion USD
Number of employees
900+ As of December 2024
Website hvcu.org

Hudson Valley Credit Union (Hudson Valley Federal Credit Union) is a credit union headquartered in Poughkeepsie, NY. Initiated in 1963 in Poughkeepsie, New York, the institution has 375,000+ members and more than 1,000 employees as of December 2025. [1] HVCU is one of the largest credit unions in the United States with assets over 7 billion. [2]

Contents

Mary Madden was CEO from May 2002 until September 2022, and is succeeded by Jonathan Roberts. [3]

History

The credit union was initiated in October, 1963, by some IBM employees in Poughkeepsie and Fishkill, New York. 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 as of 2003. [4]

The credit union was originally chartered federally. A state charter was granted September 4, 2019. [5] The credit union's name was changed from Hudson Valley Federal Credit Union to Hudson Valley Credit Union on October 4, 2019. [6] As of January 2, 2026, Hudson Valley Credit Union is once again a federal credit union.

On January 10, 2024, HVCU announced that Catskill Hudson Bank would be merging its 7,500 clients, 100 employees, and 11 branches into the credit union, expanding its reach to Sullivan County and the New York State capitol region. [7]

On October 2, 2025, HVCU announced that there application for a Federal charter has been approved and changes will be effective January 1st, 2026. [8]

Recognition

The credit union was named in 2015 as a workplace with good employee benefits. [9]

References

  1. ↑ "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.
  2. ↑ "Credit Union Details". mapping.ncua.gov. Retrieved 2021-01-01.
  3. ↑ "Company Overview of Hudson Valley Federal Credit Union". Bloomberg. 2018. Retrieved March 18, 2018.
  4. ↑ "Hudson Valley Federal Credit Union Membership". Archived from the original on 2010-06-21. Retrieved 2010-04-12.
  5. ↑ "Press Release - September 4, 2019: Superintendent of Financial Services Linda A. Lacewell Announces Approval of Conversion of Hudson Valley Federal Credit Union to a New York State Charter". Department of Financial Services. 4 September 2019. Retrieved 2019-10-06.
  6. ↑ Brandi (October 2019). "Hudson Valley Federal Credit Union Changes Its Name". 92.7/96.9 WRRV. Retrieved 2020-06-12.
  7. ↑ "Catskill Hudson Bank is Merging into HVCU | Hudson Valley Credit Union". HVCU. Retrieved 2024-01-12.
  8. ↑ www.hvcu.org https://www.hvcu.org/news/articles/federal-charter-approved/ . Retrieved 2026-01-02.{{cite web}}: Missing or empty |title= (help)
  9. ↑ "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.
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