Poughkeepsie, New York – August 11, 2010

Hudson Valley Federal Credit Union (HVFCU) announced today that Vincent J. D’Ambroso has been appointed to the position of Business Development Officer, serving the deposit and borrowing needs of small businesses in Putnam County. He reports to Gary J. Armida, Director of Retail Sales.

Mr. D’Ambroso had been Vice President of Operations and Chief Financial Officer of Putnam Federal Credit Union, which merged with HVFCU last month. He has worked in the credit union industry since 1979 and has held a series of positions with increasing responsibility since then.

Mr. D’Ambroso holds a bachelor’s degree from New York University.

He has been involved with a number of civic and charitable organizations throughout Putnam County, including the March of Dimes, the American Heart Association and the National Cancer Society. Mr. D’Ambroso also belongs to the Chambers of Commerce serving Patterson, Brewster, Mahopac/Greater Carmel, and Carmel Kent. He is a member of the Mount Pleasant Central School District’s Board of Education and Audit Committee.

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