Hudson Valley Federal Credit Union (often shortened to HVFCU) is a credit union

Credit union

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 in the New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

 counties of Dutchess, Orange

Orange County, New York

Orange County is a county located in the U.S. state of New York. It is part of the Poughkeepsie–Newburgh–Middletown, NY Metropolitan Statistical Area and is located at the northern reaches of the New York metropolitan area. The county sits in the state's scenic Mid-Hudson Region of the Hudson Valley...

, Ulster and Putnam

Putnam County

Putnam County is the name of nine counties in the United States of America:*Putnam County, Florida*Putnam County, Georgia*Putnam County, Illinois*Putnam County, Indiana*Putnam County, Missouri*Putnam County, New York*Putnam County, Ohio...

. , the institution had 220,000+ members and approximately 776 employees. It is one of the largest credit unions in the United States.

HVFCU offers a wide variety of services, including checking accounts, savings accounts, vehicle loans, home equity loans and lines of credit, mortgages, financial planning through HVFCU Financial Services, property & casualty insurance through Insurance Agency of the Hudson Valley, business loans and accounts, and VISA

Visa

Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...

debit, credit, and gift cards.

HVFCU offers its members access to over 72,000 surcharge-free ATMs nationwide in the Allpoint, CO-OP, Presto!, and SUM ATM Networks.

In 2010, it was named one of the Best Companies to Work For in New York.

History

In October 1963, a group of IBM employees had a vision—to create a financial cooperative for IBM employees and their families in Poughkeepsie and Fishkill, New York. Their product line in the beginning was modest, consisting of basic savings and consumer loans. By the end of their first year, the credit union had 14 member accounts and $172 in assets.

The name of the credit union changed a few times over the years, and in 1994, the name changed to the present-day name of Hudson Valley Federal Credit Union.

At the beginning of 2003, 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.

On July, 1, 2010, HVFCU merged with Putnam Federal Credit Union, in Putnam County, New York. As a result of the merger, individuals who live, work, worship, volunteer, or attend school in Putnam County, are also eligible to become members of HVFCU.

Branches

HVFCU has branches in the following locations: Arlington, Beacon, Brewster, Carmel, Fishkill, Hopewell Junction, Highland, Hyde Park, Kingston, Middletown, New Windsor, Newburgh, Pleasant Valley, Poughkeepsie (159 Barnegat Rd), Poughkeepsie (1 Civic Center Plaza) and Wappingers Falls (Hollowbrook). The credit union also has four branch in IBM buildings in Poughkeepsie and East Fishkill. Those branches are accessible to IBM staff only.

Subsidiaries

• HVFCU Financial Services provides financial planning services.

• Insurance Agency of The Hudson Valley provides insurance services.