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 41st largest credit union in the nation. It was established in 1963 and as of December of 2020, it had grown to 718 employees and 307,649 members at 21 locations. Hudson Valley Federal Credit Union has an A+ health rating.
Hudson Valley Credit Union is open to anyone who lives, works, worships, volunteers, or goes to school in Albany, Dutchess, Columbia, Greene, Orange, Rensselaer, Putnam, Rockland, Saratoga, Ulster, Westchester or Schenectady counties.
See current membership details
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!
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.
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.
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.
Overall | |
---|---|
NCUA # | 68705 |
Year Chartered | 1963 |
Employees | 718 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.73% |
Return on Equity - YTD | 6.27% |
Annual Interest Income | $185.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $6.12B$5.35B |
Loans | Q4 2020vs Q4 2019 | $2.72B$3.04B |
Deposits | Q4 2020vs Q4 2019 | $5.38B$4.72B |
Equity Capital | Q4 2020vs Q4 2019 | $702.1MM$597.8MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $48.7MM$27.0MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $16.3MM$16.0MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$15.00K |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.02% | - | - | Savings | |
0.02% | - | - | Holiday Club | |
0.02% | - | - | HSA Checking | |
0.02% | - | - | IRA Savings | |
0.02% | - | - | College Savings | |
0.02% | - | - | Mortgage Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $250k | - | Tiered Money Market - Peak Plus | |
0.10% | $50k | - | Tiered Money Market - Peak | |
0.08% | $20k | - | Tiered Money Market - Preferred | |
0.06% | $1k | - | Tiered Money Market - Regular |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.02% | - | - | Checking | |
0.02% | - | - | Teen Checking |