Poughkeepsie, New York – December 18, 2007
Hudson Valley Federal Credit Union (HVFCU) announced today that it has opened its new and expanded branch location in Newburgh, New York. The new branch office is located on route 300 and takes the place of a facility the credit union has operated in Newburgh since 1997. The former branch office will be razed in December in order to make space for additional member parking.
According to HVFCU President and CEO, Mary Madden, “We have been quite successful in serving the financial needs of our members in Newburgh and the surrounding area from our existing office. However, our rapid growth in this area necessitated the building of a new facility that is significantly larger than the existing one. The new branch office will allow us to better serve our members and provide us the space we need to continue to grow.”
The new, larger building is 6,800 square feet. The building houses eight teller windows, eight offices for financial services representatives, three drive-up teller lanes, two drive-up ATMs and two lobby ATMs.
Turner Construction managed construction of the new branch office. William Manfredi Construction Corporation of Pleasant Valley, New York, served as the general contractor for the site. R. W. Larson Associates, PC, designed the new building.
The credit union is currently in the middle of a major branch expansion. New offices recently have opened in Middletown, New York, Pleasant Valley, New York, and Poughkeepsie with more planned for the future.
HVFCU is a full service, not-for-profit financial cooperative, offering about 200,000 members real estate and consumer loans, a wide variety of saving and transactional accounts, investment services, estate planning, trust services and business services. Property and casualty insurance is available through the Insurance Agency of the Hudson Valley, an affiliate of HVFCU.
The credit union has more than $2 billion in assets. It serves its members through ten branch offices in Dutchess and Orange Counties and four Dutchess County IBM branches. The credit union also offers members 24-hour account access by Internet and telephone, and a nationwide network of ATMs.