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Hudson Valley Credit Union

Member-owned nonprofit financial cooperative offering banking

Overview

Hudson Valley Credit Union is a member-owned, not-for-profit financial cooperative that provides personal and business banking services. It offers checking and savings accounts, loans (including auto and mortgages), credit cards, and business services such as cash management and lending, with deposits insured by the NCUSIF. Its products work by pooling members’ deposits to fund loans and services, returning profits to members through better interest rates, lower fees, and enhanced offerings. The organization differentiates itself from traditional banks by operating for members rather than shareholders, requiring membership in a defined geographic area, and expanding through branch acquisitions (e.g., Berkshire Bank locations and Catskill Hudson Bank) to grow its community footprint. Its goal is to meet members’ financial needs with affordable, accessible financial services while maintaining safety and soundness and reinvesting earnings back into members and the community.

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About Hudson Valley Credit Union

Simplify's Rating
Why Hudson Valley Credit Union is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Town of Poughkeepsie, New York

Founded

1963

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Simplify's Take

What believers are saying

  • HVCU added eight Berkshire branches in 2024 and Catskill Hudson Bank in 2025.
  • The 2026 federal charter simplifies governance and preserves the HVCU brand.
  • A growing AI and transformation bench supports efficiency, underwriting, and member experience gains.

What critics are saying

  • Annette Gabriel's June 2025 discrimination case exposes culture and hiring-practice risk through 2026.
  • System integrations from Berkshire Bank and Catskill Hudson Bank strain operations, data, and service quality.
  • If member growth stalls after expansion, HVCU loses scale economics and strategic momentum.

What makes Hudson Valley Credit Union unique

  • 2026 federal charter kept HVCU member-owned while expanding across the Hudson Valley.
  • 2025 Catskill Hudson Bank acquisition made HVCU New York's first credit union bank buyer.
  • Preetha Sekharan's 2026 chief AI role gives HVCU uncommon technology leadership among credit unions.

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Company News

Ulster County Regional Chamber of Commerce
Sep 29th, 2026
Classrooms to careers: Hudson Valley Credit Union awards college scholarships to student members.

Classrooms to careers: Hudson Valley Credit Union awards college scholarships to student members. September 29, 2026 In an effort to equip students for collegiate growth and success, Hudson Valley Credit Union (HVCU), in collaboration with the New York Credit Union Association (NYCUA), awarded $11,000 in scholarships to members who are 2026 high school graduates pursuing higher education. The contributions to local students come on the heels of the HVCU Charitable Foundation's disbursement of $550,000 in nonprofit grants, further cementing the credit union's commitment to the communities it serves. Eight HVCU members were selected out of 61 applicants based on their academic achievements, after-school activity involvement and community service, as well as their leadership in their communities and a strong writing portfolio. This year's scholarship recipients include: · KaiLani Angiolillo of Highland, New York, is attending Binghamton University. · Rachel Berliner of Princeton Junction, New Jersey, is attending the University of Pennsylvania. · Jacob Cheung of Hopewell Junction, New York, is attending the University of Pennsylvania. · Ved Kaderu of Fishkill, New York, is attending Cornell University. · Karolina Mroczek of Wappingers Falls, New York, is attending Northeastern University. · Connor O'Reilly of Brewster, New York, is attending Virginia Tech. · Amanda Parker of Garrison, New York, is attending Stony Brook University. · Lila Sinacori of Campbell Hall, New York, is attending the United States Military Academy at West Point. "At HVCU, our mission extends beyond financial education. We're equally committed to expanding access to higher education," said HVCU's Community Impact Manager John DeAngelis. "By investing in student success through scholarships, we're empowering the next generation of leaders and providing the resources they need to flourish academically." Beyond the scholarship program, HVCU also sponsors Marist University's Hudson Valley Scholars Program, an initiative where Hudson Valley organizations award scholarships to local high school graduates attending Marist. HVCU's $4,000 annual contribution helps develop the region's future leaders, ensuring the Hudson Valley community grows and thrives for generations to come. HVCU is offering the 2027 NYCUA Scholarship Program to members in late October. To learn more about HVCU and other scholarship opportunities, visit hvcu.org. About Hudson Valley Credit Union: A trusted, community-based financial cooperative, Hudson Valley Credit Union (HVCU) has continuously supported its members, friends, families and the regions it serves in building successful financial futures since 1963. Committed to fostering financial freedom, HVCU serves more than 400,000 members across 40 branches in 13 counties. From personal banking to business services, the credit union offers an array of financial services and innovative digital solutions, including internship and scholarship programs, financial literacy workshops and program grants. For more information, visit hvcu.org or follow HVCU on Facebook, Instagram and LinkedIn.

Capital Region Chamber
Sep 29th, 2026
Hudson Valley Credit Union announces promotions.

Hudson Valley Credit Union announces promotions. Hudson Valley Credit Union (HVCU) is excited to announce the following: Gary Barker has been promoted to Senior Vice President, Senior Director of Banking Products. In this role, Gary is responsible for managing HVCU's Deposit, Lending and Payment products for both Consumer and Business. He works closely with internal and external partners to optimize product functionality, structure, and pricing to support fostering financial freedom for members through the products and services that HVCU offers. Robert Borland has been promoted to Senior Vice President, Senior Director of Treasury Operations. Robert oversees HVCU's investment portfolio and leads the credit union's asset liability and liquidity management programs. He is responsible for implementing and managing tools that measure, monitor, and mitigate risks associated with Asset-Liability Management (ALM)/interest rates and liquidity to ensure adherence to Board-approved policies and regulatory requirements. Greg Crispell has been promoted to Senior Vice President, Chief Accounting Officer. He oversees general accounting operations and all internal and external reporting that accurately reflects the financial position of HVCU. In this role, he partners closely with organizational leaders to develop financial systems, strategies, and budgets that support key initiatives and goals. Greg also serves as the primary accounting liaison for internal and external audits and regulatory examinations, while continuing to strengthen accounting procedures and internal controls to ensure data integrity and accuracy. Lori Downing has been promoted to Senior Vice President, Head of Banking Risk. In this role, she partners with leaders across the organization to strengthen risk management practices, enhance operational excellence, and ensure regulatory compliance throughout the Banking Division. Her leadership in building the Banking Risk function and advancing strategic initiatives has helped position HVCU for continued growth and success. Erin Hartnagel has been promoted to Senior Vice President, Head of Strategy and Transformation, leading efforts to turn the credit union's vision into actionable strategies and meaningful outcomes. She works closely with leaders to explore opportunities, identify emerging needs, and develop strategic plans that align business priorities with the cooperative's strategic goals. Erin also provides strategic stewardship for HVCU's transformational efforts, helping ensure initiatives remain aligned, ready for success, and positioned to deliver long-term value. Bob Kelly has been promoted to Senior Vice President, Head of Banking Administration. Bob oversees the Outbound Driven Initiatives Team, Business Analytics, and the Remote Coaching Program. In this role, he leads the ATM and ITM strategies, sales incentive planning, budget management, staffing, project coordination, and organizational planning. Through cross-functional collaboration and data-driven decision-making, he helps enhance the employee and member experience while advancing HVCU's business objectives. Bill Lionhood has been promoted to Senior Vice President, Head of Corporate Development, leading efforts to identify, evaluate, and advance inorganic and adjacent growth opportunities that support HVCU's long-term growth strategy, including mergers and acquisitions and strategic partnerships. He works closely with leaders to pursue opportunities that strengthen member value, diversify revenue, and enhance the organization's competitive position. He also explores opportunities to commercialize products and services that benefit other credit unions and financial institutions while supporting HVCU's Credit Union Service Organization (CUSO) strategy and creating new sources of value for the organization. Christy Mitchell has been promoted to Senior Vice President, Senior Director of Business Effectiveness. Christy drives organizational performance by developing leaders, enhancing employee engagement, improving operational processes, and advancing continuous improvement initiatives. Partnering across the Member Operations organization, she strengthens leadership capabilities and optimizes business operations with a strong focus on organizational effectiveness, change management, and performance improvement, to ensure teams are equipped to adapt, grow, and achieve strategic objectives. Jesse Petrillo has been promoted to Senior Vice President, Senior Director of Member Operations Administration, where he leads strategic initiatives that enhance the member and employee experience for HVCU. By leveraging data, technology, and cross-functional partnerships, he helps improve efficiency, performance, and member impact across all Member Operations business lines. He also oversees the administrative functions that support Member Operations, including strategic planning, reporting, project and vendor management, and budgeting.

Capital Region Chamber
Aug 19th, 2026
Hudson valley credit union announces new hires and promotion.

Hudson valley credit union announces new hires and promotion. Pete Stusvick joins HVCU as Vice President, Director of Retail Operations. In this role, Pete leads the Retail Branch Operations function for the cooperative, where he analyzes, validates and documents the effectiveness of existing operational business processes and develops strategies for meeting goals and objectives. Pete brings more than 20 years of leadership experience across retail banking, operations, and customer experience, most recently serving as Senior Vice President, Retail Regional Sales Manager, at M&T Bank. Mazaliya Jesmain joins HVCU as Assistant Vice President, Halfmoon Branch Manager. Mazaliya oversees branch operations, creating positive experiences for members and supporting the financial well-being of the communities HVCU serves. In her most recent role, she served as Senior Branch Manager at Trustco Bank, where she drove branch growth through deposit acquisition, loan production, and cross-selling strategies while leading daily operations, ensuring compliance and audit readiness, and delivering high-level customer experience. Stephany Sanchez Saeteros has been promoted to Officer, Rotterdam Branch Manager. Stephany is dedicated to creating a welcoming branch experience, building meaningful member connections, and helping strengthen the communities HVCU serves. Jerry Dominguez joins HVCU as Senior Commercial Loan Officer. Jerry helps potential business loan applicants understand which loan options fit their situation and guide them through the application process, making sure everything meets credit union and regulatory requirements. Jerry most recently served as Senior Managing Director of Commercial Banking at Peapack Private Bank & Trust, where he managed and grew a portfolio of commercial and business banking clients through consultative relationship management and proactive business development.

Hudson Valley Press
Jul 22nd, 2026
Keith Baskett: from flight deck to board room.

Keith Baskett: from flight deck to board room. Jul 22, 2026 By Jennifer L. Warren HYDE PARK - Keith Baskett reflects deeply, a distinct glint in his eyes, as he ponders the unequivocal, intertwined variables existing between two, seemingly opposite positions: flying airplanes and overseeing a board of a large, pivotal, and transformative financial institution. "Whether you're flying a Boeing 787 or chairing a board, leadership is not about being the smartest person in the room," affirms Baskett. It's about building trust, asking good questions, and helping a great team to succeed." Baskett, who has been a pilot for United Airlines for the past 31 years, a career path he dreamt about and singularly focused upon since five years old, was recently voted the Chairman of the Board of the Hudson Valley Credit Union (HVCU). It's an esteemed honor and privilege that the 20 year Hyde Park resident Baskett does not take lightly, and could not be more excited to delve into with commitments to service and empowerment at the forefront. "I want to be able to empower our members; income creates opportunity, but financial education creates lasting wealth, such as through entrepreneurship, home ownership and financial literacy," Baskett said about the 63 year old strong and growing HVCU track record of success which currently has 40 branches in the Hudson Valley and Capital District. "Every member deserves to feel that their financial institution believes in their future." Taking his own flying career advice from his "five year old version of himself," Baskett clearly recalls as a youth frequently flying with his parents to see his grandparents, providing critical exposure to the aviation filed and pilots, allowing him to say, "I want to do this." He further points to the firmly planted 1989 roots of altruism and mentorship his Kappa Alpha Psi fraternity provided, inciting him-to this day- in his new HVCU Chairman role. "It's always been important to me to mentor others, whether it's people in the flight deck or any other professional capacity, guiding with full intention," said Baskett, who continues to proactively guide youth through his Kappa Alpha Psi's 10 year old Beyond the Dream Foundation. "I've been doing this since college with my fraternity where I really learned about giving back and leadership." To that end, Baskett has a clear path of action, a crystal vision with a foundation that stands strong upon HVCU's overall mission. Intent on communicating transparently as well as governing responsibly, Baskett aspires to prioritize respecting every person's voice as well as commit to always putting members first. For Baskett, it's these interconnected pieces of the overall vision- if accomplished- that would equate to success. "I want to have continuity with each of these things, allowing for sliding into the role as Chairman without making changes to negatively impact or manage the organization," explained Baskett. Rather, I want to provide oversight and keep on providing what Hudson Valley Press has been doing, continuing to remain financially strong." With a membership of 400,000, HVCU continues to grow and flourish. More excitement is brewing with the birth of the HVCU Charity Foundation. A $10 million endowment over the last three years has resulted in 80 grant recipients. The Foundation, focusing upon four key facets: Food security, education, health and housing, is yet another reason for Baskett- a Board Member since 2022- to wholeheartedly believe in and dream big when it comes to the potential of HVCU. It lies at the epicenter of the unique concept of a credit union, one merging members directly with the overall betterment of their communities as well as themselves. And it's something whose dynamic, infinite possibilities put a broad smile on Baskett's face. "It's about economic empowerment for people; I accepted the Chairmanship because I believe healthy institutions strengthen communities," said Baskett, elaborating upon the strength mined from every family who buys a home, every student who learns financial responsibility, every entrepreneur who starts a business and every nonprofit HVCU supports, as he reflects upon that vision. "Being part of that mission is both an honor and responsibility." It's also a deep passion, one inextricably tied to a lifelong dedication of service. Pondering further about his latest role to give back to community, the veteran pilot and proud mentor Baskett relays the nugget that encapsulates his guiding objective. "My goal is to leave Hudson Valley Federal Credit Union stronger than I found it."

Citybiz
Jun 1st, 2026
Digging into the community: Hudson Valley Credit Union participates in 518 Day, plants positive change in the Capital Region.

Digging into the community: Hudson Valley Credit Union participates in 518 Day, plants positive change in the Capital Region. June 1, 2026 Underscoring its commitment to community philanthropy, Hudson Valley Credit Union (HVCU) partnered with United Way of the Greater Capital Region to participate in 518 Day, an annual day of service on May 18 that supports upstate nonprofits and local businesses through volunteer efforts. As part of the initiative, HVCU employees worked together to beautify the property at Hope 7 Community Center, a Troy-based organization that provides a food pantry, after-school programming and summer camp to local residents. "What a gift it was to have Hudson Valley Credit Union volunteers and Hope 7 board members beautify our outdoor space together," said Holly Cargill-Cramer, executive director at Hope 7. "The children we care for are looking forward to helping maintain the beautiful flower boxes provided and filled, thanks to the generous donors and volunteers organized by United Way for 518 Day." HVCU's philosophy is that teamwork should extend beyond office walls and into the communities it serves, so it can make an impact in areas like the Capital Region. In addition to driving change through meaningful hands-on experiences, HVCU regularly gives back through the Hudson Valley Credit Union Charitable Foundation's annual grant program, which distributed $550,000 across New York in 2025. "Hope 7, HVCU and United Way share a common purpose when it comes to helping families secure and retain financial stability," added Cargill-Cramer. "It was a true pleasure to work with these like-minded organizations." Pictured on-site at Hope 7 during planting, weeding and more are HVCU team members. From left: Zarrita Triolo, branch supervisor, and Charlotte Sevazlian, relationship advisor, both from the Halfmoon branch; Armin Kuzelj, supervisor at the Niskayuna branch; Erin Phelan, supervisor of the Colonie branch; and Lee Mulligan, relationship advisor for the Green Island branch. About Hudson Valley Credit Union: A trusted, community-based financial cooperative, Hudson Valley Credit Union (HVCU) has continuously supported its members, friends, families and the regions it serves in building successful financial futures since 1963. Committed to fostering financial freedom, HVCU serves more than 400,000 members across 40 branches in 13 counties. From personal banking to business services, the credit union offers an array of financial services and innovative digital solutions, including internship and scholarship programs, financial literacy workshops and program grants. For more information, visit www.hvcu.org or follow HVCU on Facebook, Instagram and LinkedIn.

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