Jun, 30, 2024 — HUDSON VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in POUGHKEEPSIE, NY with 22 branch locations and about $6.43 billion in total assets. Opened 61 years ago in 1963, HUDSON VALLEY CREDIT UNION has about 337,751 members and employs 832 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: | 337,751 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $6,426,163,445 |
| CEO/Manager: | Jonathan Roberts |
| Chairperson: | Nancy Kappler-Foster |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 235,900,752 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,117,500 |
| Real Estate Loans | 1,781,118,014 |
| Unsecured Loans | 314,059,313 |
| Other Loans | 1,743,190,871 |
| TOTAL LOANS | 3,838,368,198 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,261,401 |
| Land And Building | 69,102,955 |
| Other Fixed Assets | 27,737,204 |
| NCUSIF Deposit | 47,953,986 |
| All Other Assets | 334,159 |
| TOTAL ASSETS | 6,426,163,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 300,000,000 |
| Accounts Payable & Other Liabilities | 66,588,616 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,222,582,682 |
| Regular shares | 2,023,737,947 |
| All Other Shares & Deposits | 2,502,009,561 |
| TOTAL SHARES & DEPOSITS | 5,748,330,190 |
| TOTAL LIABILITIES | 6,114,918,806 |
| Regular Reserve | 0 |
| Other Reserves | -461,904,199 |
| Undivided Earnings | 773,148,838 |
| TOTAL EQUITY | 311,244,639 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,426,163,445 |
| INCOME & EXPENSE | |
| Loan Income | 107,785,066 |
| Investment Income | 42,402,134 |
| Other Income | 14,155,118 |
| Total Employee Compensation & Benefits | 65,134,400 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 55,267,764 |
| Non-operating Income & (Expense) | 59,287 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,662,090 |
| Cost of Funds | 14,679,527 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,654,503 |
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