Poughkeepsie, NY – July 26, 2010

Hudson Valley Federal Credit Union (HVFCU) announced today that Derrik R. Wynkoop, Vice President of Retail Delivery, has been selected to join Filene Research Institute’s i3 (Ideas, Innovation, Implementation) program. Mr. Wynkoop was one of only nineteen credit union executives selected nationwide to participate in this influential group.

Currently, i3 members are partnering with other non-profit organizations to collaborate and develop new ideas around housing, retirement savings, and tapping synergies between credit unions and other cooperatives. The group is comprised of credit union employees from varied disciplines.

“Derrik will be an outstanding addition to this group”, stated Mary D. Madden, President and CEO of Hudson Valley Federal Credit Union. “He has been tremendously successful because of his ability to communicate a vision, develop strategies and business plans and ensure his area of responsibility remains aligned to the vision and strategy. Derrik is very smart, committed, and flexible. He is an outstanding mentor and entrepreneur.”

“I am really looking forward to working with such a dynamic group of individuals from across the country,” said Wynkoop. “I have always been a huge fan of the research and product innovations developed by Filene, and I know this program will stretch me beyond my conventional comfort zone.”

More than 68 applications from qualified credit union executives were received. The selection process evaluated innovative aptitude, experience, and other key factors including present position, leadership abilities, motivation, geography, and type of credit union. Each member will serve a two-year term.

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