Hudson Valley Credit Union
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Hudson Valley Credit Union (Formerly Hudson Valley Federal Credit Union) is a credit union serving the New York counties of Dutchess, Orange, Ulster, Putnam, Rockland, Westchester, Greene, Columbia, Albany, Rensselaer, Schenectady, Saratoga and Sullivan.[1] Initiated in 1963 in Poughkeepsie, New York, the institution has 300,000+ members and more than 900 employees as of December 2024.[2] HVCU is one of the largest credit unions in the United States with assets over 7 billion.[3]
Mary Madden was CEO from May 2002 until September 2022, and is succeeded by Jonathan Roberts.[4]
History
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.[5]
The credit union was originally chartered federally. A state charter was granted September 4, 2019.[6] HVCU now services 13 counties. The credit union's name was changed from Hudson Valley Federal Credit Union to Hudson Valley Credit Union on October 4, 2019.[7]
On January 10, 2024, HVCU announced that Catskill Hudson Bank would be merging its 7500 clients, 100 employees, and 11 branches into the credit union, expanding its reach to Sullivan County and the New York State capitol region.[8]
Recognition
The credit union was named in 2015 as a workplace with good employee benefits.[9]
References
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