- If you live, work, worship, volunteer, or attend school in Dutchess, Ulster, Orange, or Putnam County, you are eligible for membership.
- If someone in your immediate family or household is a member, you are eligible for membership.
- If your name appears as a joint owner on another member’s account and you do not have a primary account of your own, you are not yet a member— but you are eligible to join, if you qualify through one of the above stipulations.
Online Account Opening For New Members
Membership is established by opening a primary savings account in your name with as little as $5. You can visit one of our branches, or simply use our online application to join (must be age 18 or over to join online). If you choose to establish your membership online, you are automatically required to open a primary savings account. In addition to that account, you may also choose to open a checking, money market, or certificate account.
Additionally, as you go through the application and establish your membership, you also have the option to:
- Request an ATM / Visa Debit Card and order paper checks.
- Request Internet Banking, Bill Pay, and MAGIC access.
- Request direct deposit.
- Set up overdraft protection (as applicable to the type of accounts opened).
If you choose to open your accounts with a joint member, you can do so during the account opening process.
If you establish your membership online, we also request that you complete a Signature Verification Card so that we have your signature on file for verification purposes.
All members enjoy standard benefits, like free Internet Banking, Bill Pay, eStatements, Financial Services consultations, insurance checkups, and more. As part of our rewards program, those members who have an HVFCU free checking account and Visa® Debit Card with rewards truly maximize their membership benefits.
Key Differences Between Credit Unions & Banks
|Not-for-profit organizations||Profit-oriented organizations|
|Return profits to members in the form of lower loan rates, higher savings rates, and free or low-cost services||Return profits to a small group of stockholders|
|Invest directly back to members||Invest in corporate bonds or stock market|
|Serve those individuals within their field of membership||Serve anyone in the general public|
|Have members who act as co-owners and “own” a stake in the organization||Controlled by stockholders and paid officials|
|Are member-service driven||Are profit-driven|
|Are federally insured by the National Credit Union Administration (NCUA)||Are federally insured by the Federal Deposit Insurance Corporation (FDIC)|
|Elect a volunteer Board of Directors to represent their interests||Have a paid Board of Directors who represent the owners; customers do not have voting privileges|