Thank you! We are very excited to announce that a majority of the members who voted were in favor of our proposed conversion from a Federal Charter to a New York State Charter. We received a total of 10,544 votes, 6,627 voted in favor of the conversion and 3,917 voted against it. We appreciate those who took the time to vote by mail or in person at our special meeting on May 16th.
As mentioned in earlier communications, this strategic move helps to position us for the future. We will now make a formal application to the New York State Department of Financial Services, and subject to their approval will become Hudson Valley Credit Union, hopefully sometime in the third quarter of this year. Please watch for further updates here on our website and our social media feeds.
We are excited about our future prospects of serving even more of our New York friends and family. We believe this change will have a powerful, positive affect on our future growth. Thank you for your continued support of our strong financial cooperative.
Chairman of the Board
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