Discover MHVFCU: Your Path To Financial Solutions & Success!
Are you seeking financial solutions tailored to your specific needs? At MHVFCU, we offer a comprehensive suite of banking services designed to empower you on your financial journey, whether for personal or business endeavors.
MHVFCU, or Municipal Hudson Valley Federal Credit Union, presents a diverse array of financial instruments and services, all designed to help you achieve your financial goals. From straightforward banking transactions to complex loan structures, the institution aims to provide a seamless and secure experience for its members. The core mission extends beyond simple transactions; it's about providing tools and guidance for long-term financial well-being. Their digital banking platform is accessible anytime, allowing you to manage your finances on your terms, with features such as secure online access, mobile deposits, and streamlined bill payment.
For those looking to navigate the digital landscape of banking, accessing the bill pay feature is straightforward. Within the digital banking platform, users can select "Transfers & Payments" from the top blue menu and then choose the "Pay with Bill Pay" tile. First-time users will be prompted to set up security questions. Once within the bill pay system, adding payees from the "Payments" or "Payees" tab allows for the creation of customized payment schedules. The institution emphasizes user security with measures like lost/stolen card alerts available both by phone and directly within the digital platform. The address for physical mail is Box 1429 Kingston, NY 12402 and the physical branch is at 1099 Morton Blvd.
| Name | Municipal Hudson Valley Federal Credit Union (MHVFCU) |
| Type | Federal Credit Union |
| Headquarters | Kingston, NY |
| Assets | $794,424,347 |
| Founded | Almost 60 years ago |
| Mission | To provide financial solutions and guidance to the community. |
| Services | Banking, Loans, Digital Banking, Bill Pay, etc. |
| Digital Banking Features | Secure online access, mobile deposits, bill pay |
| Contact Number | 845.336.4444 |
| Website | mhvfcu.com |
MHVFCU is a cooperative financial institution. Unlike for-profit banks, a federal credit union like MHVFCU is chartered and regulated by the National Credit Union Association (NCUA). Deposits are insured by the NCUA, providing a secure environment for members' funds. This structure fosters a community-focused approach, with the credit union often emphasizing the well-being of its members and the broader community.
A core tenet of MHVFCU's offerings is its commitment to providing accessible loan options. Potential borrowers are encouraged to contact the credit union directly at 845.336.4444 to obtain rates on longer-term loans, rates are contingent on credit ratings, the specific loan term, and, in some cases, the year of the vehicle being financed. It is important for prospective borrowers to be aware of the annual percentage rate (APR) which represents the true cost of borrowing over the course of a year.
The credit union's website and in-branch resources offer tools to help individuals navigate the complex landscape of loan products. Loan advisors are available to chat and answer any questions, clarifying details about the available options. Personal loan rates are available, with rates ranging from a minimum of 7.49% APR to a maximum of 15.25% APR, with terms extending from a minimum of 1 month to a maximum of 60 months. A primary savings account can be opened with a minimum balance of $5, providing an accessible entry point for individuals to start their financial journey. For those interested in longer-term financial planning, guidance is available, providing the opportunity to develop sound financial habits.
Navigating the digital platform is made straightforward, with clear instructions on how to access and utilize various services. Digital banking facilitates real-time management, enabling members to view account balances, transfer funds, and manage their finances securely. The ease of use encourages members to stay informed about their finances. Should issues arise, whether it is with a lost or stolen debit card or credit card, immediate action is advised. The credit union provides multiple channels for reporting incidents, including the ability to call 845.336.4444 or visit any branch location. Additionally, lost/stolen card services can be reached at 866.820.8794.
For members using MHV credit cards, a lost or stolen alert can be quickly placed within digital banking. This proactive measure provides an additional layer of security, safeguarding against unauthorized use of accounts. During normal business hours, members can also use the chat feature for real-time assistance. The credit union emphasizes that members are among the first to experience the enhanced digital banking platform, indicating a focus on innovation and member experience. While the credit union works to transition all members to the new platform, some services, such as Zelle, mobile check deposit, and bill pay, might experience temporary unavailability.
For those seeking clarity on bill payment, the process is clearly outlined. In digital banking, members can click on "Transfers & Payments" in the top blue menu and select the "Pay with Bill Pay" tile. First-time users will be prompted to set up security questions. Once in the bill pay platform, adding a payee from the "Payments" or "Payees" tab allows for streamlined payment management. Payments typically post within one business day. However, MHV Visa credit cards, lines of credit, HELOCs, and business loans are excluded, and principal-only payments are unavailable.
The Red Hook branch supervisor highlights the community focus of MHV, a factor that underscores its dedication to the financial well-being of its members. This community-oriented approach is particularly evident in the institution's commitment to financial education and guidance, helping members navigate complex financial decisions. Diana, the branch manager at the main Kingston branch, emphasizes the credit union's commitment to assisting the Kingston community in their financial journeys. What started as a financial cooperative for IBM Kingston employees has flourished into one of the largest credit unions in New York state, a testament to its lasting impact.
The credit union also offers a range of banking services, tailored to assist both personal and business financial goals. From simple savings accounts to more complex loan products, the offerings are designed to provide solutions for different financial needs. Members can find a comprehensive suite of options to support their financial endeavors.
The credit union's commitment to accessibility extends to finding branch locations and ATMs. Maps, lists, and interactive tools help members easily locate the nearest branch or ATM. This emphasis on convenience ensures that members can access services whenever needed.
The monthly service fee of $15 can be waived if a member maintains an average daily balance of $10,000 in checking accounts or $25,000 across all accounts. This incentivizes members to maintain higher balances and is just one element of MHVFCU's approach to providing value.
