Hudson Valley Credit Union: A Comprehensive Guide to Checking, Savings, and More

Hudson Valley Credit Union offers a range of checking accounts to suit different needs, including the Freedom Checking account with no monthly maintenance fee and the Student Checking account for young adults.

Their savings accounts are also flexible, with options like the Savings Plus account that earns a higher interest rate with a minimum balance requirement.

Hudson Valley Credit Union has a wide range of services, including loans, mortgages, and financial planning tools, making it a one-stop shop for all your financial needs.

Their online banking platform is user-friendly and secure, allowing you to manage your accounts from anywhere.

At Hudson Valley Credit Union, you'll find a range of account options to suit your needs. Checking Accounts come in two flavors: Classic Checking with no monthly maintenance fee and a low APY, and Premier Checking with a higher APY, discounts on loan interest rates, and unlimited free ATM use.

You can also opt for a Savings Account, which requires a daily balance of just $0.01 to stay active, and earns a competitive APY. Plus, linking a checking account can protect you from overdrafts.

Money Market Accounts offer flexibility, allowing limited check writing and withdrawals, but with a penalty for excessive transactions. You can open one with a minimum deposit of just $500, with no fees.

HVCU offers two regular checking accounts: Classic Checking and Premier checking.

Classic Checking has no monthly maintenance fee and earns a 0.02% annual percentage yield.

You can make up to 12 free transactions at non-HVCU ATMs.

With Classic Checking, you may, but are not required to, accept direct deposits into your account.

Premier checking offers a higher APY plus discounts on loan interest rates.

This account also includes a $350 mortgage origination-fee credit and bonus credit card rewards.

Premier checking has a $15 monthly maintenance fee, but HVCU will waive it when your combined average daily balance is $15,000 or more.

You'll also need to receive at least $1,000 in direct deposits into your primary account each month to qualify for the waived fee.

Opening a checking account with HVCU comes with a free Visa rewards debit card.

You'll also get access to over 85,000 ATMs.

Purchases made using the debit card can earn you points for the HCVU rewards program.

You can redeem these points for cash, gift cards, travel, merchandise, and more.

A unique feature of HVCU checking accounts is Privilege Pay, which allows transactions to go through even if they'll overdraw your account by up to $500.

To open a savings account, you'll need to deposit just $0.01 to keep your membership active. No minimum deposit is required to open the account.

You'll earn an APY with your savings account, although it's not the highest-earning savings account available. However, linking a checking account can help protect you from overdrafts.

One specialty savings account offered by Hudson Valley Credit Union rewards you with up to $1,000 toward closing costs when you save at least $100 per month.

Money market accounts allow for limited check writing and other debits and withdrawals, and you can open one for just $500 with no fees.

Certificate accounts can be a great option for those looking to save money, with HVCU offering certificates with flexible terms ranging from three to 60 months.

You can open a certificate through the online banking portal with a relatively small minimum deposit requirement of $500.

The current APY ranges between different rates, but be sure you can afford to invest your funds for the full term, as you won't be able to access this money in an emergency.

If you withdraw early, you could face a penalty of 30 to 360 days of dividends earned.

HVCU also offers a 12-month flex account with a $750 minimum opening deposit, which may be a good option for those who want a bit more flexibility.

Individual retirement account and Coverdell certificates are also available with no minimum deposit to open, making them a great option for those looking to save for retirement.

The banking experience with Hudson Valley Credit Union (HVCU) is truly convenient. You can handle most of your banking through the online portal or mobile app, by calling customer service, or by visiting a local branch.

Their customer service team is available from 8 a.m. to 7 p.m. ET during the week and 9 a.m. to 5 p.m. ET on Saturdays. You can also reach them through live chat and secure email.

HVCU has 21 branch locations in 21 cities in New York, making it easy to find a branch near you. Plus, you can access over 85,000 free ATMs.

The HVCU mobile app is a game-changer, allowing you to deposit checks and transfer money with ease. You can even sign up for free account monitoring and notifications to stay on top of your finances.

The app gets high marks from users, with a 4.8 rating on the App Store and a rating of 4.7 on Google Play. This is a testament to the credit union's commitment to providing a seamless banking experience.

To open an account with HVCU, you can do so online or at one of the branch locations. You'll need to open a primary savings account first before accessing any of HVCU's other account offerings.

Here's a list of the required identification forms to open an account:

Hudson Valley Credit Union is expanding its reach by acquiring eight Berkshire Bank branches. This move will bring the total number of HVCU branches to 30 in the Hudson Valley and Capital Regions.

The acquired branches are located in Albany, Saratoga, Schenectady, and Columbia Counties. HVCU will take over the deposits, fixed assets, and certain residential and consumer loans at these branches.

Upon completion of this transaction, HVCU will have 40 branches, with corporate offices in Malta, Kingston, Middletown, and Poughkeepsie. This is a significant growth for the credit union.

The acquired branches will operate under the Hudson Valley Credit Union name and brand. Here are the specific locations of the acquired branches:

The purchase is expected to be completed by the end of the third quarter 2024, after satisfying customary closing conditions, including regulatory approvals.