Hudson Valley Federal Credit Union


Overview / Commentary
845-463-3011
137 Boardman Rd
Poughkeepsie, NY 12603

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 49th largest credit union in the nation. It was established in 1963 and as of September of 2022, it had grown to 786 employees and 337,751 members at 21 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

Reviews (6)

The Best Credit Union

Posted by: |

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.

Above And Beyond Customer Service

Posted by: |

Just got a call from Namiko, HVCU Customer Service, about half an hour after FedEx had delivered my Roth IRA transfer check to HVCU for deposit to let me know that the check has been posted to my Roth IRA account. This is a first for me with any bank or credit union in terms of being promptly notified of an IRA check receipt and deposit by phone. And while operating under COVID-19 pandemic. Outstanding, to say the least!

Why I Bank at hvfcu

I have been with this credit union for approximately 40 years. During that time I have been treated with much respect by all employees. They are always friendly, helpful and very knowledgeable. In addition to that, their rates have been very competitive. While many banks charge a fee to have a checking account with them, HVFCU gives interest on their checking accounts. It isn't much, but at least you do not have to pay to leave your money in their bank. Their money market pays a decent amount and they often run specials on CDs which I have taken advantage of in the past. With all that said I highly recommend the HVFCU.

Great bank

Posted by: |

If you live in the Hudson Valley, consider joining HVFCU. Honestly, I have had a great experience with this bank. I've had my account there for almost 20 years and I have very few complaints. I also have an account at Bank of America. Let me tell you that credit unions like Hudson Valley are far more helpful and impressive compared to those huge banks we see everywhere.

A great choice for your banking needs.

Posted by: |

I've been a member of HVFCU for 14 years. It's a solid organization that is able to meet all of my banking needs.

Their customer service is second to none. You will not be talking to a robo-banker, nor some call center employee. Further, they are able to offer that small town bank experience while still offering a representative set of products.

Their web site has been newly remade and now offers many of the features found at your larger banks. Most of their offerings have little to know fees associated with them.

All things considered, I couldn't ask for more out of the Hudson Valley Federal Credit Union.

Incompetence

Posted by: |

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.



Health
B+

Health Grade Components

Overall
NCUA #68705
Year Chartered1963
Employees786
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD22.98%
Annual Interest Income$150.2MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$6.43B$6.46B
LoansQ3 2022vs Q3 2021$3.84B$2.76B
DepositsQ3 2022vs Q3 2021$5.75B$5.46B
Equity CapitalQ3 2022vs Q3 2021$311.2MM$703.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$46.3MM$43.8MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$17.2MM$12.3MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hudson Valley Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hudson Valley Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Savings
0.02%--Holiday Club
0.02%--HSA Checking
0.02%--IRA Savings
0.02%--College Savings
0.02%--Mortgage Savings

Hudson Valley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Tiered Money Market
OTHER TIERS: 0.10% $500 - $10k | 0.12% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k

Hudson Valley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$15k-Premier Checking
0.02%--Checking
0.02%--Teen Checking

Hudson Valley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.71%$750-12 Month Flex CD Special
4.25%$500-24 Month CD Special
3.50%$500-36 Month CD
3.25%$500-48 Month CD
3.25%$500-60 Month CD
2.00%$500-12 Month CD
0.25%$250-8 Month Save Smart CD
0.25%$500-6 Month CD
0.15%$500-3 Month CD

Hudson Valley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.71%$750-12 Month Flex IRA Special
4.25%$500-24 Month IRA Special
3.50%$500-36 Month IRA
3.25%$500-48 Month IRA
3.25%$500-60 Month IRA
2.00%$500-12 Month IRA
0.25%$500-6 Month IRA
0.15%$500-3 Month IRA
Locations

Availability

New York Area

Interactive local rates map


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