Hudson River Community Credit Union

What Hudson River Community Credit Union does

Hudson River Community Credit Union (HRCCU) is a member-owned, not-for-profit financial cooperative founded in 1954 and headquartered in Corinth, New York. It operates as a New York-chartered, NCUA-insured community credit union serving individual consumers and small businesses in the upstate New York Hudson River region. The credit union runs five branch locations — Corinth (headquarters), Cohoes, Glens Falls, Greenwich, and Hudson Falls — and is also a participating member of the Co-Op Shared Branch Network, which gives its members access to over 30,000 branch and ATM locations nationwide for real-time account access. The institution is certified as a Community Development Financial Institution (CDFI), and has earned a Bauer 5-Star Rating indicating the highest level of financial strength.

HRCCU offers a full-service retail banking product suite across deposits, lending, and wealth. Deposit products include Choice Checking, Premier Checking, a Business Checking account, multiple savings vehicles (Prime, Youth, UTMA, Holiday Club, IRA Savings, and high-yield options including Money Market), share certificates across multiple term lengths, and Traditional, Roth, and Coverdell IRAs. Lending products span mortgages (including a first-time homebuyer program), home equity loans and lines of credit (up to 95% loan-to-value), auto loans starting at 3.99% APR, boat loans, powersport vehicle loans, personal loans, and a Visa Platinum credit card plus a Shared Secured Visa for credit-building. The underlying technology platform consists of a digital banking stack with free online banking and iOS/Android mobile applications supporting remote check deposit, bill pay, and funds transfer, layered on a conventional credit union core banking system.

The business model is that of a traditional mutual financial cooperative: primary revenue is net interest income earned on the loan portfolio (mortgages, auto, home equity, personal) and investment securities, supplemented by fee income and an insurance distribution partnership with HMS Agency. Earnings are returned to members in the form of reduced fees, higher savings rates, and lower loan rates — a structure that constrains margins but aligns incentives with member retention. The credit union is governed by a member-elected Board of Directors and a Supervisory Committee, with executive leadership comprising CEO Sue Commanda, Executive Vice President Lorraine Marola, and Chief Risk Officer Paula Sheely.

Name

Hudson River Community Credit Union

Legal name

Hudson River Community Credit Union

Website

https://hrccu.org

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

101–250 employees

Short description

Hudson River Community Credit Union is a member-owned, not-for-profit financial cooperative founded in 1954, serving individual consumers and small businesses across five branches in upstate New York with a full suite of deposit, lending, and retirement products distributed through physical branches, digital banking, and the Co-Op Shared Branch Network.

Ownership category

akta.pro rank

Product category

Retail Banking (Community Credit Union)

NAICS

Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Community banking services
• Consumer lending products
• Mortgage and home equity
• Savings and deposit accounts
• Credit union financial services

Headquarters

HQ city

Corinth

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: As a credit union, HRCCU generates primary revenue from interest earned on loans (auto, mortgage, home equity, personal loans) and investment securities. Earnings are returned to members in the form of reduced fees, higher savings rates, and lower loan rates.

Pricing tiers

Distribution channels4 records

Marketing channels5 records

Core offering

Hudson River Community Credit Union is a member-owned financial cooperative that provides retail banking and lending services to individuals and small businesses. Its core offerings include checking and savings accounts, share certificates, retirement accounts (Traditional, Roth, and Coverdell IRAs), mortgages, home equity loans and lines of credit, auto/boat/powersport/personal loans, and Visa credit cards, delivered through five physical branches in upstate New York, a digital banking platform, and the Co-Op Shared Branch Network.

Product overview

Hudson River Community Credit Union is a member-owned financial cooperative offering a comprehensive suite of traditional banking products and services. The credit union provides a unified platform of core banking services including checking accounts (Choice and Premier Checking), savings accounts (Prime, Youth, UTMA, Holiday Club, and IRA Savings), share certificates in various term lengths, and business checking. Lending products encompass mortgages, home equity loans/lines, auto loans, boat loans, powersport vehicle loans, and personal loans. Credit offerings include Visa Platinum and Shared Secured credit cards. The credit union supports retirement planning through Traditional, Roth, and Coverdell IRA accounts. Digital access is delivered through Online & Mobile Banking with access to a nationwide shared branch and ATM network of over 30,000 locations. The organization operates five branch locations in the Corinth, Cohoes, Glens Falls, Greenwich, and Hudson Falls areas of New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Choice Checking Account Free consumer checking account with no minimum balance requirement and no monthly fees, designed for everyday banking needs.
• Premier Checking Account
• Business Checking Account
• Prime Savings Account
• Youth Savings Account
• UTMA Savings Account
• Holiday Club Account
• IRA Savings Account
• High-Yield Savings Accounts (Premier Savings, Money Market, IRA)
• Share Certificates
• Traditional IRA
• Roth IRA
• Coverdell IRA
• Mortgages
• Home Equity Loans and Lines of Credit
• Auto Loans
• Boat Loans
• Powersport Vehicle Loans
• Personal Loans
• Visa Platinum Credit Card
• Shared Secured Visa Card
• Online and Mobile Banking
• Shared Branch and ATM Network

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• HMS AgencycoreGTM or Marketing PartnerHRCCU partnered with HMS Agency to bring comprehensive insurance coverage to members. The partnership provides members with access to insurance products through HMS.
• Co-Op Shared Branch NetworkcoreChannel Partner/ Reseller/ DistributorHRCCU is part of the Co-Op Shared Branch Network providing members access to over 30,000 branch and ATM locations nationwide for convenient real-time account access.
• GreenPath Financial WellnessminorStrategic or Co-development PartnerHRCCU offers financial counseling services through GreenPath Financial Wellness partnership, providing members with access to financial counseling and education resources.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Empower Federal Credit Union: A New York community credit union serving the Syracuse/CNY region with a similar consumer-banking focus, multi-branch footprint, and member-friendly pricing model.
• Alternatives Federal Credit Union: A CDFI-certified New York community credit union of similar size serving the Ithaca/Finger Lakes region, with a comparable mission-driven focus on underserved members and community development lending.
• Broadview Federal Credit Union: A larger New York credit union (formed via the SEFCU merger) offering a similar full-service banking platform to consumers and businesses, with a comparable member-owned cooperative model.
• First New York Federal Credit Union: A New York-based community credit union offering consumer deposit and loan products, directly comparable in size, member-owned model, and regional scope.
• Sunmark Credit Union: A New York community credit union with a similar full-service product offering (checking, savings, loans, mortgages) and multi-branch distribution model, competing for members in overlapping upstate NY markets.
• CAP COM Federal Credit Union: A New York-based community credit union serving the Capital District and Albany region with a comparable member-owned structure, full product suite, and similar focus on consumer and small business banking.

Broad incumbents

• Trustco Bank: A New York-headquartered community-oriented bank with branch locations overlapping HRCCU's Hudson River / Capital District footprint, competing directly for consumer deposit and mortgage relationships.
• M&T Bank: A large regional bank headquartered in Buffalo, NY with a dominant branch presence across upstate New York, including direct competition with HRCCU in the Hudson River / Capital District market for consumer deposits and mortgages.
• KeyBank: A major regional bank with a significant branch and ATM network across upstate New York, competing for the same consumer and small business relationships as HRCCU's full-service platform.

Others

• GreenPath Financial Wellness: A non-profit financial counseling partner that HRCCU offers to its members; included as an ecosystem partner rather than a competitor, illustrating the credit union's reliance on third parties for member financial wellness services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HudsonRiverCCU

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hudson River Community Credit Union