Have you ever thought what it would be like if you owned your own bank?
At MHV you're not just a member, you are an owner of the credit union
Banks, in contrast, are owned privately by a group of shareholders or their stock is traded on Wall Street. Therefore as an owner of MHV, we are working for you. Profits are returned to our members and reflected in the form of lower fees and better service. "What's good for our members" is the primary motivation for decision-making at MHV; "what's good for the bottom line" is the driving force at banks.
We don’t mind being called a bank, but we are proud to be a credit union
MHV has all the same products and services as a bank, and more! We offer online home banking and bill pay, e-statements, direct deposit, and a wide array of personal and business checking and savings accounts and loans to match your financial needs. We also offer an amazing checking benefit with the Perks Package including Identity Theft Protection, Credit Monitoring, Insurance, and discounts from national retailers.
Something you won’t find at any other bank
MHV is there for you whenever you need us with extended hours Personal Teller (PT) service. Our PTs (different from ATMs) can handle any transaction as done by a live teller because there is a live teller servicing you from 6:00 a.m. to 11:00 p.m., 7 days a week from a centralized location. Need to deposit a check on Sunday morning, you can do it! No more rushing from work to get to the bank before it closes! Even on national holidays our PT service is open! Click here to learn more about Personal Teller Service.
MHV is local
MHV employees serve, work, and live in the local community. We help to keep the local economy strong and sponsor many local events and charitable organizations.
Access to your funds is easy
MHV participates in a network of over 60,000 surcharge-free ATM’s across the country and 11 branch locations across the Hudson Valley. MHV is always seeking new opportunities to expand our service locations to better serve our members.
Your money is safe at MHV
We have the same protection as FDIC insured banks, we insure your deposits up to $250,000 through the National Credit Union Administration (NCUA), an independent federal agency just for credit unions.
We make lending decisions locally
Many banks centralize their lending decisions to one office to serve across all states so you’re just seen as another loan number. At MHV, we take the time get to know you and will match you with the right loan and a monthly payment you can afford. Plus, we have great loan rates because we return our profits back to the members.
We are financially healthier
According to CBS MoneyWatch.com, banks were five times more likely to have failed during the economic downturn than credit unions. We continue to hear more and more about the risky practices banks have engaged in to keep shareholders happy. By making responsible and informed decisions, MHV has remained strong through the economic recession and have exceeded the credit requirements by our governing agency, the NCUA. We work hard and hold ourselves accountable to protect the assets of our members/owners.
Ready to become an owner of your financial institution?
If you're eligible to join and want to start enjoying the benefits of credit union membership today, simply visit our Application Center to print and complete the Membership Application then stop by any of our convenient branch locations.