Hudson Valley Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | October 1, 1963 in Poughkeepsie, New York, United States |
| Founder | IBM employees |
| Headquarters | Poughkeepsie , United States |
Area served | Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Schenectady, Saratoga, Sullivan, Ulster, Westchester counties in New York |
Key people | Jonathan Roberts (CEO) |
| Products | Financial services |
Number of employees | 900 (2024) |
| Website | www |
Hudson Valley Credit Union (previously known as Hudson Valley Federal Credit Union) operates across 13 counties in New York, including Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Schenectady, Saratoga, Sullivan, Ulster, and Westchester. Established in 1963 by IBM personnel located in Poughkeepsie, the credit union has expanded to serve over 300,000 members and employs upwards of 900 individuals as of December 2024. With assets surpassing $7 billion, HVCU stands as one of the largest credit unions nationwide.
Leadership transitioned from Mary Madden, who was CEO from 2002 through September 2022, to Jonathan Roberts.
History
HVCU was created in October 1963 by IBM employees based in Poughkeepsie and Fishkill. In 2003, the credit union widened its membership eligibility to include individuals living or working within Dutchess, Orange, and Ulster counties. Initially operating under a federal charter, it shifted to a New York state charter on September 4, 2019. This change expanded its service footprint to encompass 13 counties and prompted a rebranding from Hudson Valley Federal Credit Union to Hudson Valley Credit Union.
On January 10, 2024, HVCU revealed plans to integrate Catskill Hudson Bank’s clientele of 7,500 customers, along with its workforce of 100 employees and 11 branch locations. This merger broadened HVCU’s reach into Sullivan County and the capital region of New York State.
Recognition
In 2015, the credit union earned acknowledgment for its comprehensive employee benefits, reinforcing its status as an attractive employer.