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Account Opening FAQs for Personal Accounts

How do I identify my credit union accounts?

At HVFCU, you have a member account number (a total of 10 digits long, usually with leading zeros) and a Share ID or Loan ID number associated with each of your accounts. For example, your member account number may be 0000123456. If you have a checking account, that Share ID is 0200. Your monthly statement lists your accounts by Account ID, i.e. Savings 0000, Checking 0200, etc.

How can I set up electronic transactions with my accounts?

When setting up electronic transactions to or from a checking, savings, or tiered money market account, please note the following:

  • For savings accounts and tiered money market accounts, refer to the account-specific ACH Numbers provided within Internet Banking. You can find these numbers by clicking the desired savings or tiered money market account from “My Accounts,” and then clicking “see account details” on the right side of the page. You’ll see a list of items including your account-specific ACH Number. If you do not have Internet Banking access, please call our Contact Center for assistance at 845.463.3011.
  • For checking accounts, refer to the number printed on the bottom of your checks (also known as the MICR number). If you have more than one checking account, each has its own unique MICR number. Below is a sample check to show where to locate the account number.
    Check Image
  • HVFCU’s routing number is 221979363.

Can I add a joint owner or beneficiary to my existing HVFCU accounts?

You can add a joint owner or beneficiary to an existing account. Please complete the applicable form below:

Can I remove a joint owner from my account?

A joint owner cannot be removed from an account, however, as the primary account holder you have the option to close the account and open another account solely under your name / member account number. The joint owner can open their own account under a different member account number.

How can I open a secondary account online?

Existing members can open savings, checking, tiered money market, and select certificate accounts online by logging on to Internet Banking and selecting the “Open Account / Apply for Loan” link from the “Additional Services” menu. Savings, checking, tiered money market, and certificate accounts can be opened 24 hours a day, seven days a week. If you open these accounts outside of normal business hours, they will appear in your accounts list the following business day.


If you would like to open your accounts with a joint member, you will be provided the appropriate paperwork during the account opening process.

Can I submit certificate account renewal / dividend instructions online?

You can renew, reinvest, and withdraw dividends from a certificate account using our Certificate Account Instructions Form.

Why is there a difference between my balance and available balance?

The difference may be due to pending Visa Debit Card transactions that have been authorized, but have not yet posted to your account. The difference may also be due to a check hold from a recent check deposit or an ATM deposit over $200.

Why isn’t the cash / check I deposited in the ATM available?

When you deposit cash or a check in an ATM, $200 is available immediately. The remainder of the deposit is on hold and will be available after the second business day in accordance with our funds availability policy.

Exceptions to the Above

We reserve the right to extend the hold periods described above up to thirty days after the normal availability, unless otherwise stated, or to impose a hold on deposits normally available immediately, or impose withdrawal restrictions, under any of the following circumstances:

  • Your account has been overdrawn repeatedly in the last six months;
  • There is an emergency, such as a failure of communications or computer equipment;
  • A check is redeposited that has been returned unpaid;
  • We have reason to believe a check being deposited will not be paid;
  • You have been a member for 30 days or less, in which case a hold may be extended up to ten days after normal availability.

If we do exercise this right, we will inform you in writing or at the time the deposit or withdrawal is made and let me know when the funds will be available.

What does POS and Debit mean on my statement?

A POS transaction or Point-of-Sale transaction is one where you authorize funds to be immediately withdrawn from your checking account. For example, if you are at the gas station or the supermarket, and you enter your PIN to make your purchase, you are making a Point-of-Sale transaction. In contrast, debit transactions are when you choose the “credit” option at merchants and sign for your purchases rather than entering your PIN.

What is Privilege Pay?

Privilege Pay can help you avoid expensive fees for insufficient funds. It is designed to be used if you unintentionally do not have enough funds in either your checking account or through other overdraft sources. A fee is assessed for each Privilege Pay item covered (ATM transactions are not eligible for Privilege Pay). There is a $500 maximum limit, including Privilege Pay item fees. Please see our Fee Schedule for current fee information.

Why didn’t my overdraft protection work when I had money in my savings account?

Due to Regulation D, the federal government limits the number of electronic transfers done from a savings account to six per month. The limit applies to overdraft protection transfers done from a savings account, so it is possible you may have been at your six maximum when your transaction processed. For added peace of mind, consider setting up overdraft protection first from a line-of-credit (Readi-cash or home equity line of credit, if you have one), then from a savings account, as line of credit transfers are not limited by Regulation D. Please see our Fee Schedule for the current fee charged when an overdraft is made from a savings account to a checking account.

If my Visa Debit or credit card is expiring, when can I expect a new card to arrive?

Replacement Visa Debit and credit cards are mailed approximately two weeks prior to the beginning of your expiration month as it is noted on your card. This is to provide adequate time for the card to arrive and ensure that it is activated prior to the expiration.

How do I request a reissuance of my Visa Debit or credit card?

You may request a new card by us at 845.463.3011. Additionally, if you are requesting a new Visa Debit Card, you can visit any of our branches to have the card instantly issued to you.

For VISA credit cards, please allow 7-10 business days for receipt of card.

For both cards, your PIN code will be mailed separately and will take an additional 3-5 days for delivery. However, in the case of your Visa Debit Card PIN, you may visit a branch to have it set.

Where can I locate my 1099-INT statement?

1099-INT forms are mailed to you if you meet the minimum reporting requirement of $10 or more in dividends. You can also find these forms within Internet Banking by clicking the “eNotices” option from the "Additional Services" menu. The form will be listed under the Tax Statement tab. If you are not an eNotices user, you will have the opportunity to enroll.

How can I add a travel notification to my Visa Debit Card and / or credit card?

You no longer need to give us a call about your travel dates and can now inform us of your plans securely via Internet Banking. Once signed in, select the “My Travel Dates” link from the “Additional Services” menu to submit your plans. Let us know where you’ll be traveling, the dates, and what debit and credit cards you’ll be using. Don’t forget to also include your phone number in case we have any questions for you.

How can I update my address, phone number or email address with the credit union?

It’s quick and easy to update your personal information through Internet Banking. Once logged on, select the “My Settings” link located in the top right corner. From here, you can update your address, phone number, and email address, among other options.

How long do I have to pay back my account if I have a negative balance?

An account must be brought to a positive balance completely within 30 days of going into a negative state. Please note: We can sweep any account for payment once a balance goes negative.

Useful Resources

Monitor your account balances and account activity with text and email notifications through CUAlerts.

Monitor Accounts