By joining Hudson Valley Credit Union, you made the smart choice to protect your financial future. As a not-for-profit financial cooperative, we’re owned and organized by members like you:
- Volunteer Board of Directors
- Tax-exempt to focus on our members
- All “profits” are returned in the form of higher savings rates, lower loan rates, and stronger capital reserves
As you can see, we make sure that the interest of our members is at the heart of keeping our organization safe and strong – which is why we continuously advocate for credit union issues at the local, state, and federal legislative levels. We always want to make sure your voice is heard at home and on the Hill.
- Elected officials hear from lobbyists all the time, but there is nothing more powerful than when they hear from their constituents directly.
- It's easy to reach your legislators via email, social media, or phone. Find law makers in your area.
- Consider contacting your legislators regarding ways Hudson Valley has helped you and your family or business.
Now more than ever, we rely on our legislators to make sure that the interests of the credit union community are at the forefront of their financial legislation discussions. Groups such as CULAC – The Credit Union Legislative Action Committee – work to support candidates that understand and advocate for credit unions and their members in their work.
- CULAC donations support Congressional and Senate candidates who are credit-union friendly, regardless of party affiliation.
- 95% of the candidates CULAC supported in the 2016 elections won their seats.
- Convenient, secure online donations make giving easy.
What We’re Faced with Today
It's Just Common Sense
We know that managing your finances can be a struggle. However, additional regulations can sometimes create more inconveniences for credit union members, such as:
- Higher loan rates
- Fewer services and products
- Less access to modernized technology
- Longer wait times for mortgage loans
- Increased inconvenience on services
These issues only make navigating your financial future more complicated. Luckily, The Campaign for Common Sense Regulation is taking action against regulatory burden and the problems that arise as a result of it. Learn more about what the Campaign
aims to accomplish and how they work with lawmakers to make the perks of credit unions more accessible to all members.
Monitoring for Our Members
We’ve entered a new era of what it truly means to be there for one another. That’s why Hudson Valley constantly monitors the latest issues in the financial industry to ensure that we keep our members and their assets safe and out of harm’s way. Some examples of trending issues are:
- Data breaches and merchant accountability
- The threat of credit union taxation
- Human resource issues that can affect who and how we hire
- NYS Robbery laws that provide lenient penalties for Demand Note Robberies
The actions we take against these rising issues can help protect our members of today and future generations to come.
Nearly 1,500 data breaches occurred in the US in 2019. Financial institutions are regulated to protect consumers’ personal data, but similar regulations don’t apply to merchants. This puts you, your information, and your money at risk. When a breach occurs, not only is Hudson Valley prohibited from telling members where the breach occurred, but we are also liable for the fraud associated with the lost data and replacing those debit and credit cards. Merchants need to be held accountable to the same strict data protection standards that we are as a financial institution.
Learn more and contact your legislators by visiting stopthedatabreaches.com