Hudson Valley Federal Credit Union is headquartered in Poughkeepsie and is the 5th largest credit union in the state of New York. It is also the 36th largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 749 employees and 302,332 members at 20 locations. Hudson Valley Federal Credit Union's CD rates are 2X the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Hudson Valley Federal Credit Union is open to those who attend school, work, live, volunteer, or worship in Putnam, Dutchess, Orange, or Ulster Counties in New York.
See current membership details
Related Posts
4/5 - 3.25% Flex 24 Certificate
4/8/15 - Hudson Valley FCU Offers New York State's Top-Rate 2-Year CD
4/8/15 - 2% 2 Year CD
12/11/14 - Hudson Valley FCU's "Gift The Keeps Giving": A Competitive 140-day CD
12/10/14 - 140-Day Certificate Account 1.4% APY
3/18/13 - Special 13-Month CD Rate at Hudson Valley FCU in Parts of New York State
10/17/10 - Competitive CD Rates Continue at Hudson Valley Credit Union in New York - Local Only
7/12/10 - Competitive CD Rates at Hudson Valley CU in New York - Local Only
12/2/08 - 4.00% 3-Month CD at Hudson Vally FCU in New York
3/29/08 - 4.10% 12-Month CD at a New York CU (Hudson Valley).
11/1/07 - 5.50% 5-Month CD at a New York CU - yield up to 5.85% (Hudson Valley)
12/17/06 - 6.00% 6-Month CD at a New York CU (Hudson Valley)
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
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.
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.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15802 |
| Year Chartered | 1963 |
| Employees | 749 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 3.98% |
| Annual Interest Income | $149.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $5.27B$4.86B |
| Loans | Q3 2019vs Q3 2018 | $3.04B$2.96B |
| Deposits | Q3 2019vs Q3 2018 | $4.64B$4.35B |
| Equity Capital | Q3 2019vs Q3 2018 | $591.0MM$470.8MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $27.1MM$59.5MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $16.8MM$36.6MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $141.00K$417.00K |
