Dec, 31, 2023 — HUDSON VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in POUGHKEEPSIE, NY with 22 branch locations and about $7.06 billion in total assets. Opened 61 years ago in 1963, HUDSON VALLEY CREDIT UNION has about 357,235 members and employs 913 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HUDSON VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 137 Boardman Rd POUGHKEEPSIE, NY 12603 |
| Phone: | (800) 468-3011 |
| Fax: | (845) 463-1032 |
| Website: | https://www.hvcu.org |
| Branches: | 22 branch locations |
| Members: | 357,235 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68705 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,062,798,223 |
| CEO/Manager: | Jonathan Roberts |
| Chairperson: | Jay Pantaleo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 771,220,500 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,439,270 |
| Real Estate Loans | 1,968,019,056 |
| Unsecured Loans | 344,787,300 |
| Other Loans | 1,957,521,262 |
| TOTAL LOANS | 4,270,327,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,707,610 |
| Land And Building | 66,949,942 |
| Other Fixed Assets | 26,800,473 |
| NCUSIF Deposit | 51,195,035 |
| All Other Assets | 606,969 |
| TOTAL ASSETS | 7,062,798,223 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 500,000,000 |
| Accounts Payable & Other Liabilities | 77,346,671 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,106,158,434 |
| Regular shares | 1,761,021,346 |
| All Other Shares & Deposits | 3,182,011,446 |
| TOTAL SHARES & DEPOSITS | 6,049,191,225 |
| TOTAL LIABILITIES | 6,630,386,858 |
| Regular Reserve | 0 |
| Other Reserves | -370,931,440 |
| Undivided Earnings | 803,342,805 |
| TOTAL EQUITY | 432,411,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,062,798,223 |
| INCOME & EXPENSE | |
| Loan Income | 205,766,767 |
| Investment Income | 84,380,499 |
| Other Income | 19,964,744 |
| Total Employee Compensation & Benefits | 92,525,766 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 90,222,045 |
| Non-operating Income & (Expense) | 217,886 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,311,480 |
| Cost of Funds | 111,802,773 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,792,830 |
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» See also Statement of Financial Condition