Hudson Valley Federal Credit Union is headquartered in Poughkeepsie and is the 6th largest credit union in the state of New York. It is also the 48th largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 1,025 employees and 384,243 members at 42 locations. Hudson Valley Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Hudson Valley Credit Union is open to individuals who live, work, worship, volunteer, or attend school in the New York counties of Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester.
See current membership details
The Best Credit Union
I've been a member for over 20 years and never had an issue. Can use several ATM networks for free withdrawal. No fees like the big banks.
Incompetence
I have had my mortgage through HVCU for almost 4 years and have had a miserable experience. My mortgage was set up incorrectly by HVCU when I closed on my house and is STILL not correct. More than once I have paid additional amounts to try and rectify the situation, which is not easy to do for anyone, and yet today I was informed that my account (which is automatically withdrawn from another account to ensure the funds are there in full and on time) is insufficient to cover the mortgage. How does this happen time and time again?!?!?!?! Because the credit union does not care to take the time to take care of their customers/members.
Incompetent Employees
HVCU bought our local bank branch three months ago and it has been hell. The accounts were not transferred properly and HVCU has failed to fix the problems for over three months. They bounced thousands of dollars worth of checks because they were drawing from the wrong accounts. Even though there was a bank transfer going on and many thousands of dollars were sitting in the other accounts, they decided to bounce them anyway, charging $25 a pop but not bothering with notification. We sorted out that round and they said they fixed it, sent new checks, and then guess what. It happened again! It's just great when the bank won't clear your check to a contractor and the concrete truck is sitting in your driveway demanding cash payment because the bank people are idiots.
I can appreciate that there will be problems, especially with something as complicated as a bank sale. But it should have been fixed the first time. If that doesn't work, perhaps it could have been fixed the second time. The verdict is still out on the third time. What's not helpful is condescending bank employees insisting that they know what they're doing when they clearly don't. Top that off with a refusal to actually acknowledge how badly they bungled or to take responsibility for it. Instead what you repeatedly hear is their scripted line: "I'm sorry but this is the first time I am seeing this problem and I can't speak to what happened in the past." Even though it's relevant! Would've been nice to have a little extra work on their side to make sure the problems were fixed the first time. Nope--too much to ask for I guess. That's how you get a zero-star review.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68705 |
| Year Chartered | 1963 |
| Employees | 1025 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0% |
| Return on Equity - YTD | 0.06% |
| Annual Interest Income | $93.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $7.95B$7.2B |
| Loans | Q1 2025vs Q1 2024 | $4.82B$4.32B |
| Deposits | Q1 2025vs Q1 2024 | $6.99B$6.2B |
| Equity Capital | Q1 2025vs Q1 2024 | $480.3MM$428.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $42.9MM$37.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $24.6MM$22.8MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$206K |
