PEEKSKILL, N.Y. – After receiving regulatory approval to expand into the counties of Westchester, Putnam, Sullivan and Rockland in New York, Mid-Hudson Valley FCU is opening its first branch to service the new markets.
Peekskill, N.Y., will host MHV’s first Westchester County branch location, making it the first credit union to serve the city. MHV said it worked closely with the leadership in Peekskill to design a building that compliments the area’s architecture and history. Convenient access is a primary concern, and the new location will sit directly in downtown Peekskill between two main streets that lead in and out of the city.
MHV opened membership to its expanded Hudson Valley service area soon after the expansion was approved by NCUA. Thanks to digital account opening, a robust online and mobile banking platform, mobile check deposit and an extensive network of over 118,000 totally-free ATMs, members have been able to bank with MHV without a physical branch location.
MHV said Michael Mattone, VP-community impact, and Leonel Soriano, mortgage expert, have spearheaded the work of building community and member relationships in Peekskill and the greater Westchester area. Mattone volunteers at Fred’s Pantry, serves on the board of directors for Caring for the Hungry and Homeless of Peekskill (CHHOP), and serves as treasurer for Hudson River Gateway Chamber of Commerce Foundation. MHV is also a member of the Hudson Gateway Chamber of Commerce.
“MHV is excited to serve the Peekskill community with the opening of our Downtown Peekskill Branch later this fall,” said Mattone. “We are committed to being the credit union that this great city deserves, and guiding all Peekskill residents and businesses through their life's journey as their trusted financial partner.”
Soriano has worked in the Hudson Valley for more than nine years helping individuals achieve their goals. He works exclusively in Westchester County and provides bilingual assistance to Spanish-speaking members.
In an area long-served by national banks, MHV said it is thrilled to bring the credit union spirit to Peekskill. Monetary support like the $30,000 in grants to local non-profits combating food insecurities is just one facet of its support. MHV employees
volunteer thousands of hours each year at various organizations across the Hudson Valley. Those grassroots efforts extend to employee-led fundraisers like the credit union’s Jeans for Charity program and Branch bake sales.
Beyond a deep connection to the local community, Peekskill residents will have access to award-winning financial education in the form of webinars, videos, podcasts, financial counseling, articles and eBooks. MHV is one of a very few financial
institutions with a dedicated financial education specialist who builds all of their education programs in-house, the credit union said.
The Peekskill branch location is scheduled a late 2021 opening.