Hudson Valley Credit Union
| Type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | IBM Poughkeepsie Employees Federal Credit Union, Poughkeepsie, New York, (1963) |
| Headquarters | Poughkeepsie, New York, United States |
Key people | Jonathan Roberts, President & CEO |
| Total assets | $7 Billion USD |
Number of employees | 900+ As of December 2024[update] |
| Website | hvcu.org |
Hudson Valley Credit Union (Hudson Valley Federal Credit Union) is a credit union headquartered in Poughkeepsie, NY. It was initiated in 1963 in Poughkeepsie, New York.[1] Mary Madden was CEO from May 2002 until September 2022, and was succeeded by Jonathan Roberts.[2]
History
[edit]The credit union was initiated in October, 1963, by some IBM employees in Poughkeepsie and Fishkill, New York. Membership requirements were changed to allow those who live, work, worship, volunteer, or attend school in Dutchess, Orange, or Ulster counties to join the credit union as of 2003.[3]
The credit union was originally chartered federally. A state charter was granted September 4, 2019.[4] The credit union's name was changed from Hudson Valley Federal Credit Union to Hudson Valley Credit Union on October 4, 2019.[5] As of January 2, 2026, Hudson Valley Credit Union is once again a federal credit union.
On January 10, 2024, HVCU announced that Catskill Hudson Bank would be merging its 7,500 clients, 100 employees, and 11 branches into the credit union, expanding its reach to Sullivan County and the New York State capitol region.[6]
On October 2, 2025, HVCU announced that their application for a Federal charter had been approved and changes would be effective January 1st, 2026.[7][dead link]
Recognition
[edit]The credit union was named in 2015 as a workplace with good employee benefits.[8]
References
[edit]- ↑ "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.
- ↑ "Company Overview of Hudson Valley Federal Credit Union". Bloomberg. 2018. Retrieved March 18, 2018.
- ↑ "Hudson Valley Federal Credit Union Membership". Archived from the original on 2010-06-21. Retrieved 2010-04-12.
- ↑ "Press Release - September 4, 2019: Superintendent of Financial Services Linda A. Lacewell Announces Approval of Conversion of Hudson Valley Federal Credit Union to a New York State Charter". Department of Financial Services. 4 September 2019. Retrieved 2019-10-06.
- ↑ Brandi (October 2019). "Hudson Valley Federal Credit Union Changes Its Name". 92.7/96.9 WRRV. Retrieved 2020-06-12.
- ↑ "Catskill Hudson Bank is Merging into HVCU | Hudson Valley Credit Union". HVCU. Retrieved 2024-01-12.
- ↑ www.hvcu.org https://www.hvcu.org/news/articles/federal-charter-approved/. Retrieved 2026-01-02.
{{cite web}}: Missing or empty|title=(help) - ↑ "Hudson Valley Federal Credit Union praised for employee benefits". Daily Freeman. October 2015. Retrieved March 18, 2018.
