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 48th largest credit union in the nation. It was established in 1963 and as of December of 2023, it had grown to 867 employees and 357,235 members at 22 locations. Hudson Valley Federal Credit Union 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

Related Posts

12-Month Flex Certificate, 5.62% APY - 4/27/2024

Field of membership includes 12 New York counties (Capital, Catskills, and Hudson Valley areas). The variable Dividend Rate (5.46%) and APY (5.62%) are effective 4/1/24 through 6/30/24. The minimum to open a 12-month term Flex Certificate Account or IRA Flex Certificate Account and earn the stated APY is $750. The APY is determined by adding .25% to the 3-month Treasury Bill auction investment rate on the last Thursday of each quarter. The dividend rate is subsequently calculated based on the indexed APY. Rate is subject to change after account opening. IRA and Jumbo Flex Certificate Accounts earn the same Dividend Rate and APY as regular Flex Certificate Accounts.

Hudson Valley Credit Union - 12-Month Flex Certificate 5.59% (Jul 1 To Sep 30, 2023) - 7/1/2023

(Renamed to Hudson Valley Credit Union (HVCU) since 10/1/2019 after converting to NYS charter.) Minimum Open = $750, available for IRA "...The APY is determined by adding .25% to the 3-month Treasury Bill auction investment rate on the last Thursday of each quarter. The dividend rate is subsequently calculated based on the indexed APY. Rate is subject to change after account opening..." https://www.hvcu.org/ads/flex

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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
Employees867
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.64%
Annual Interest Income$290.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$7.06B$6.69B
LoansQ4 2023vs Q4 2022$4.27B$3.89B
DepositsQ4 2023vs Q4 2022$6.05B$5.84B
Equity CapitalQ4 2023vs Q4 2022$436.3MM$338.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$36.7MM$48MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$25.9MM$18.4MM
Real Estate OwnedQ4 2023vs Q4 2022$386K$134K
Rates

Rates for Hudson Valley Federal Credit Union are currently being reviewed.

Locations

Availability



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