Resources for Financial Wellness

Qyms8zodqjw7kv710nap+financial_wellness

There’s no time like the present for a broad scale financial checkup.

Most everyone goes to the doctor for regular routine checkups, but when was the last time you gave your finances a thorough “once over”? Our Financial Wellness area offers tools and resources to help you keep your finances in order—and your life on track. We’ve compiled a wide variety of resources to help you examine you and your family’s financial situation. These resources range from tools to help with your personal budget all the way to agencies that can assist you in a time of need.

During your evaluation, if you find you have concerns regarding any of your HVFCU loans, we are here to help. Call 845.463.3011 / 800.468.3011 x3200 between 8 am – 5 pm EST, Monday – Friday, for your free financial checkup.

Home ownership has so many benefits, but it can also come with its challenges. Here are some resources that can enhance your home ownership experience, save you money, and help you navigate through these challenges.

Click on one of the Home Assistance topics from the list below, or scroll to see the entire page content.

Energy Payment Assistance Selling Your Home
How to Save Money on Homeowners Insurance How to Save Money on Real Estate Taxes
Preventing Foreclosure Income Tax Resources Concerning Home Ownership

Energy Payment Assistance

With energy costs as high as they are these days, finding the money to pay your energy expenses can be difficult. Luckily there are programs out there to assist you with this. Take a look at these New York State sites below for more details. There may be other providers not listed.

  • “NYS Home Energy Assistance Program (HEAP) ":http://www.otda.state.ny.us/main/heap/default.asp – HEAP is a federally funded program that issues heating benefits to supplement a household’s annual energy cost. HEAP also offers an emergency benefit for households in a heat or heat related energy emergency. Additionally, HEAP offers furnace repair and/or replacement benefit for households with inoperable heating equipment.
  • Central Hudson
  • Orange & Rockland
  • Energy East
  • New York State Electric & Gas

All of the above also have budget plans, so contact your applicable provider for more information.

Do you need to make your home more energy efficient? Here are resources for energy efficiency, borrowing for energy efficient home improvements, and tax information concerning energy efficient home improvements.

  • New York State Energy Research and Development Agency – Have you been considering ideas on how to improve your home’s efficiency? Making improvements to your home now can have a significant impact on your energy consumption now and in the future. Visit NYSERDA’s website for energy saving solutions.
  • NYS Solar Energy System Equipment Tax Credit – Allows a credit for the purchase and installation of an eligible solar energy system. Subject to certain limits, the credit is 25% of the qualified solar energy system equipment expenditures for the purchase and installation of a system that uses solar radiation to produce energy for heating, cooling, hot water, or electricity for residential use.
  • NYS Claim for Clean Heating Fuel Credit – Provides for a tax credit for the purchase of bioheat used for space heating or hot water production for
    residential purposes within New York State.
  • NYS Claim for Green Building Credit – Intended to encourage building owners and developers to design, construct, and operate buildings that are energy efficient, utilize recycled materials, provide clean air, and incorporate renewable and energy efficient power generation.

Selling Your Home

There are instances when selling your house may be the best course of action. Here are some local resources to help you sell your home:

How to Save Money on Homeowners Insurance

Get the homeowners insurance you need at the best rates. We help you by impartially shopping the top insurance companies to find the best policy. In fact, HVFCU members who switch their homeowner and auto insurance to us save an average of $450 – $500 per year. For a free, personalized quote, contact us at 866.397.3319 or by email You can also get your personal quote directly online.

How to Save Money on Real Estate Taxes

Real estate taxes are a major expense for homeowners. Depending on the county and the township in which you live, there may be assistance programs available to you. You may also be eligible for the School Tax Relief Program (STAR) exemption. If you think your real estate taxes are too high you may be able to “grieve” your taxes and get them reduced.

Preventing Foreclosure

During challenging economic times home foreclosure may become an unfortunate reality. Early intervention is always best so if this is an action that you’ve considered, we have a valuable resource to potentially help eliminate the need:

There is also information and resources at the various government agencies and private mortgage insurance companies:

Income Tax Resources Concerning Home Ownership

The income tax consequences of financing your home, selling your home, or if you go through foreclosure can be daunting. Learn more through these government publications:


© 2015 Hudson Valley Federal Credit Union

159 Barnegat Rd. Poughkeepsie, NY 12601
ph: 845.463.3011 / 800.468.3011

Routing Number : 221979363
HVFCU Prepaid Visa Routing Number: click here


Unauthorized Access Warning – Access to Internet Banking is restricted to authorized HVFCU members only.