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  2. Hudson Valley Federal Credit Union

Hudson Valley Federal Credit Union


Overview / Commentary
www.hvfcu.org
845-463-3011
137 Boardman Rd
Poughkeepsie, NY 12603

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 March of 2019, it had grown to 732 employees and 295,091 members at 20 locations. Hudson Valley Federal Credit Union's CD rates are 3X the national average, and it has 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

Hudson Valley Federal Credit Union Adds 24-month Flex CD, 3.25% APY - 4/5/2019

Hudson Valley FCU (NY) has a 24-month Flex CD (3.25% APY). Rate may change quarterly, based on Fed Funds Rate. Rate may be locked and one additional deposit is allowed.

3.25% Flex 24 Certificate - 4/5/2019

https://www.hvfcu.org/ads/flex-24 A 2 year CD whose rate is 0.75% above the fed funds rate, currently 3.25%. The rate updates each quarter but you can lock the rate in at any time during the 1st year. You can also add funds, up to your initial contribution, at any time during the 1st year. Of course you can always open a new CD ($500 minimum) at any time at whatever the current rate is. Membership is limited to people who live, work, worship, volunteer or attend school in Dutchess, Ulster, Orange, or Putnam County in New York

12-Month Flex Certificate - 2.47% Current APY* - 10/10/2018

Minimum $750.00. For regular and IRA * APY may vary every quarter depending on 3-month Treasury Bill rate.   "The APY is determined by adding .25% to the 3-month Treasury Bill auction investment rate on the last Thursday of each quarter."

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Reviews (3)

Why I Bank at hvfcu

Posted by: maxineparks | Aug 26, 2017

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.

2

Great bank

Posted by: KimberlyE | Sep 14, 2014

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.

4

A great choice for your banking needs.

Posted by: AndrewS. | Jul 12, 2014

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.

4


Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #15802
Year Chartered1963
Employees732
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.26%
Annual Interest Income$48.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$5.04B$4.76B
LoansQ1 2019vs Q1 2018$3.01B$2.77B
DepositsQ1 2019vs Q1 2018$4.46B$4.25B
Equity CapitalQ1 2019vs Q1 2018$544.7MM$461.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$60.3MM$61.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$33.2MM$23.8MM
Real Estate OwnedQ1 2019vs Q1 2018$1.1MM$572.00K
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.

Hudson Valley Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Savings
0.10%--Holiday Club
0.10%--IRA Savings
0.10%--College Savings
0.10%--Mortgage Savings
0.05%--HSA Checking

Hudson Valley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$50k-Tiered Money Market - Peak
0.35%$250k-Tiered Money Market - Peak Plus
0.25%$20k-Tiered Money Market - Preferred
0.11%$1k-Tiered Money Market - Regular

Hudson Valley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Checking

Hudson Valley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$750-12 Month Flex CD
2.05%$500-60 Month CD
1.80%$500-48 Month CD
1.75%$500-24 Month CD
1.75%$500-36 Month CD
1.50%$500-12 Month CD
0.85%$250-8 Month Save Smart CD
0.85%$500-6 Month CD
0.25%$500-3 Month CD

Hudson Valley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$750-12 Month Flex IRA
2.05%$500-60 Month IRA
1.80%$500-48 Month IRA
1.75%$500-24 Month IRA
1.75%$500-36 Month IRA
1.50%$500-12 Month IRA
0.85%$500-6 Month IRA
0.25%$500-3 Month IRA
Locations

Availability



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