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Hudson Valley Federal Credit Union

Type	Private
Founded	IBM Poughkeepsie Employees Federal Credit Union, Poughkeepsie, New York, (1963)
Headquarters	Poughkeepsie, New York, U.S.
Industry	Banking
Products	Financial Services
Total assets	$2.2 billion
Employees	626 (2007)
Website	www.hvfcu.com

Hudson Valley Federal Credit Union (often shortened to Hudson Valley FCU or HVFCU) is a credit union in the New York counties of Orange, Dutchess, and Ulster. As of 2007^[update], the institution has $2.2 billion in assets, 193,000 members, and approximately 650 employees. It is the 30th largest credit union in the United States.^[1]

The CU offers a wide variety of services, including checking accounts, savings accounts, home and car loans, and VISA debit, credit, and gift cards.

Contents 1 History 2 Subsidiaries 3 References 4 External links

[edit] History

HVFCU began in late 1963 when a group of IBM employees founded the IBM Poughkeepsie Employees Federal Credit Union. The credit union was established to provide a basic savings and consumer loans to Poughkeepsie IBM employees and their immediate families. At the end of the first year, they had 14 accounts and $172 in assets.

In 1993, the name of the CU was changed to Hudson Valley Federal Credit Union to reflect their change in membership requirements to serve a larger part of the community.

At the beginning of 2003, membership requirements were changed to allow those who live, work, or worship in Dutchess, Orange, or Ulster counties to join.

[edit] Subsidiaries

• HVFCU Financial Services provides financial planning services.

[edit] References

[edit] External links

• Official Hudson Valley FCU Web site