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 $5.95 Billion USD
Number of employees
800+ As of March 2021
Website hvcu.org

Hudson Valley Credit Union (Formerly Hudson Valley Federal Credit Union) is a credit union serving the New York counties of Dutchess, Orange, Ulster, Putnam, Rockland, Westchester, Greene, Columbia, Albany, Rensselaer, Schenectady, and Saratoga. [1] Initiated in 1963 in Poughkeepsie, New York, the institution has 287,000+ members and more than 800 employees as of March 2017. [2] HVCU is one of the largest credit unions in the United States with assets totaling more than $5.95 billion as of June 2020. [3] [4]

Contents

Mary Madden was CEO from May 2002 until September 2022, being succeeded by Jonathan Roberts. [5]

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. [6]

The credit union was originally chartered federally. A state charter was granted September 4, 2019. [7] As a result, HVCU now services 12 counties, as opposed to four before the charter conversion. The credit union's name was changed from Hudson Valley Federal Credit Union to Hudson Valley Credit Union on October 4, 2019. [8]

On January 10, 2024, HVCU announced that Catskill Hudson Bank would be merging its 7500 clients, 100 employees, and 11 branches into the credit union, expanding its reach to Sullivan County and the New York State capitol region. [9]

Recognition

The credit union was named in 2015 as a workplace with good employee benefits. [10]

Related Research Articles

<span class="mw-page-title-main">Dutchess County, New York</span> County in New York, United States

Dutchess County is a county in the U.S. state of New York. As of the 2020 census, the population was 295,911. The county seat is the city of Poughkeepsie. The county was created in 1683, one of New York's first twelve counties, and later organized in 1713. It is located in the Mid-Hudson Region of the Hudson Valley, north of New York City.

<span class="mw-page-title-main">Ulster County, New York</span> County in New York, United States

Ulster County is a county in the U.S. state of New York. It is situated along the Hudson River. As of the 2020 census, the population was 181,851. The county seat is Kingston. The county is named after the Irish province of Ulster.

<span class="mw-page-title-main">Fishkill, New York</span> Village in New York, United States

Fishkill is a village within the town of Fishkill in Dutchess County, New York, United States. The village is in the eastern part of the town of Fishkill on U.S. Route 9. It is north of Interstate 84. NY 52 is the main street. It is part of the Poughkeepsie–Newburgh–Middletown, NY Metropolitan Statistical Area as well as the larger New York–Newark–Bridgeport, NY-NJ-CT-PA Combined Statistical Area. The first U. S. Post Office in New York state was established in Fishkill by Samuel Loudon, its first Postmaster.

<span class="mw-page-title-main">Poughkeepsie, New York</span> City in New York, United States

Poughkeepsie, officially the City of Poughkeepsie, which is separate from the Town of Poughkeepsie around it, is a city in the U.S. state of New York. It is the county seat of Dutchess County, with a 2020 census population of 31,577. Poughkeepsie is in the Hudson River Valley region, midway between the core of the New York metropolitan area and the state capital of Albany. It is a principal city of the Kiryas Joel–Poughkeepsie–Newburgh metropolitan area which belongs to the New York combined statistical area. It is served by the nearby Hudson Valley Regional Airport and Stewart International Airport in Orange County, New York.

<span class="mw-page-title-main">Poughkeepsie (town), New York</span> Town in New York, United States

Poughkeepsie, officially the Town of Poughkeepsie, is a town in Dutchess County, New York, United States. As of the 2020 United States Census, the population was 45,471. The name is derived from the native compound Uppuqui-ipis-ing, from Uppuqui meaning "lodge-covered", plus ipis meaning "little water", plus ing meaning "place", all of which translates to "the reed-covered lodge by the little water place". This later evolved into Apokeepsing, then into Poughkeepsing, and finally Poughkeepsie.

<span class="mw-page-title-main">Hudson Valley</span> Region in New York

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Hudson Valley Mall is an enclosed shopping mall located in Ulster, New York, north of Kingston, United States. It is the lone mall in Ulster County and is the only enclosed mall located between Poughkeepsie and Albany. Hull Property Group currently owns and operates Hudson Valley Mall. The mall opened in 1981 and has an area of 765,704 square feet (71,136 m2) on one level with 19 shops and restaurants as well as a 12-screen Neighborhood Cinema Group theater. As of 2023, the mall maintains a Dick's Sporting Goods, and Target, as well as a handful of specialty stores. Adjacent to the mall is Hudson Valley Plaza, a two-tiered complex on a west-facing hill, consisting mainly of a Walmart, PetSmart and a few other shops.

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Hudson Valley Regional Airport, formerly known as Dutchess County Airport, is a county-owned public-use airport located on State Route 376 in the Town of Wappinger, Dutchess County, New York, United States, four miles (6 km) south of the central business district of Poughkeepsie. It is sometimes called Poughkeepsie Airport, which gives it the code POU. The airport provides corporate and general aviation transportation services.

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The Walkway over the Hudson is a steel cantilever bridge spanning the Hudson River between Poughkeepsie, New York, on the east bank and Highland, New York, on the west bank. Built as a double track railroad bridge, it was completed on January 1, 1889, and formed part of the Maybrook Railroad Line of the New York, New Haven and Hartford Railroad.

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Marcus J. Molinaro is an American politician serving as the U.S. representative for New York's 19th congressional district since 2023. A member of the Republican Party, Molinaro was a member of the Dutchess County Legislature and the New York State Assembly before being elected county executive of Dutchess County, New York in 2011. He was reelected county executive in 2015 and 2019. Molinaro is also a former mayor of Tivoli; when he became mayor at age 19, he was the youngest mayor in the United States.

<span class="mw-page-title-main">TEG Federal Credit Union</span>

TEG Federal Credit Union is a federally chartered credit union in the New York counties of Dutchess, Orange, Westchester, Putnam, Rockland, Sullivan, and Ulster. As of 2020, the institution has $305 million in assets, 118 employees, and 36,000 members.

<span class="mw-page-title-main">Kiryas Joel-Poughkeepsie-Newburgh metropolitan area</span> Metropolitan statistical area in New York, United States

The Kiryas Joel-Poughkeepsie-Newburgh, NY Metropolitan Statistical Area, as defined by the United States Office of Management and Budget, is an area consisting of two counties in New York's Hudson Valley, with the municipalities of Kiryas Joel, Poughkeepsie, and Newburgh as its principal cities. As of the 2020 census, the MSA had a population of 679,221. The area was centered on the urban area of Poughkeepsie-Newburgh. Prior to July 2023, it was known as the Poughkeepsie-Newburgh-Middletown, NY Metropolitan Statistical Area; whereupon it was renamed to its current name, to reflect population changes among its largest municipalities.

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References

  1. "Latest News About HVFCU | Hudson Valley Credit Union". www.hvfcu.org. Retrieved 2019-10-05.
  2. "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.
  3. "Biggest US Credit Unions by Asset Size (2018)". MX. 2018-03-20. Retrieved 2019-01-20.
  4. "Credit Union Details". mapping.ncua.gov. Retrieved 2021-01-01.
  5. "Company Overview of Hudson Valley Federal Credit Union". Bloomberg. 2018. Retrieved March 18, 2018.
  6. "Hudson Valley Federal Credit Union Membership". Archived from the original on 2010-06-21. Retrieved 2010-04-12.
  7. "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. Retrieved 2019-10-06.
  8. Brandi. "Hudson Valley Federal Credit Union Changes Its Name". 92.7/96.9 WRRV. Retrieved 2020-06-12.
  9. "Catskill Hudson Bank is Merging into HVCU | Hudson Valley Credit Union". HVCU. Retrieved 2024-01-12.
  10. "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.