Catskill Hudson Bank

What Catskill Hudson Bank does

Catskill Hudson Bank was a New York state-chartered community bank founded in 1993 and headquartered in Callicoon, New York. The bank served consumers and small-to-mid-sized businesses across the Hudson Valley and Catskill region of New York State through a network of 11 branch locations spanning rural communities including Ellenville, Grahamsville, Green Island, Halfmoon, Kingston, Liberty, Middletown, Monticello, Narrowsburg, and Rockhill. Its product platform spanned personal deposit accounts (checking, savings, certificates, IRAs, HSAs), consumer lending (mortgages, vehicle, personal, home equity, boat, RV, student loans), and commercial banking (business checking/savings, commercial real estate loans, SBA loans, lines of credit, term loans, merchant services), augmented by referral-based insurance products through InsureOne.

The bank's core technology consisted of standard community-bank digital infrastructure — internet banking, a mobile banking app with remote deposit capture, online bill pay, card management, mobile wallet support (Apple Pay / Google Pay), and person-to-peer payments via HV$end — overlaid on a legacy banking core. Revenue mechanics were conventional for community banking: net interest income on loans (the primary stream), ancillary fee income (account maintenance, ATM interchange, wire transfer, overdraft), investment income on the deposit-funded portfolio, and affiliate referral commissions from insurance and wealth-management partners.

In March 2025, Catskill Hudson Bank was acquired by Hudson Valley Credit Union (HVCU), a federally chartered credit union serving the Hudson Valley and Capital Region. The conversion transferred all branches, staff, and customer relationships to HVCU, expanding the acquirer's footprint to 39 branches with access to 85,000+ surcharge-free ATMs nationwide and an expanded product suite including wealth management (wealthathvcu.com), insurance services, and business banking. As of the acquisition date, Catskill Hudson Bank no longer operates as an independent entity.

Name

Catskill Hudson Bank

Legal name

Catskill Hudson Bank

Website

https://chbny.com

Company type

Private

Founded year

1993

Operating status

Acquired

Headcount range

101–250 employees

Short description

Catskill Hudson Bank was a New York community bank founded in 1993, headquartered in Callicoon, serving consumers and small businesses across 11 Hudson Valley and Catskill region branches. Acquired by Hudson Valley Credit Union in March 2025 and no longer operating as an independent entity.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Credit Unions (522130), Credit Unions (52213), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro industry

PRIMARYFSABAEAA

Community Credit Unions (Retail/Consumer Focus)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Community banking
• Retail banking
• Commercial lending
• Consumer deposits
• Small business banking

Headquarters

HQ city

Callicoon

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest charged on mortgage loans, vehicle loans, personal loans, home equity loans, commercial real estate loans, and business loans. The credit union offers various lending products including SBA loans, lines of credit, and term loans.
2. Fee Income: Revenue from various banking fees including account maintenance fees, ATM fees (surcharge-free for members but generates interchange revenue), wire transfer fees, overdraft fees, and other service charges disclosed in their fee schedule.
3. Investment Income: Income from investment of member deposits and capital, generating returns on the credit union's investment portfolio.
4. Insurance Commission Revenue: Insurance products offered through InsureOne Insurance Services America, LLC generating referral/commission income on auto, home, motorcycle, boat, RV, renters, umbrella, pet, and other insurance products.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Catskill Hudson Bank was a New York state-chartered community bank founded in 1993 and headquartered in Callicoon, NY, offering personal and business deposit accounts, mortgage, consumer and commercial lending, and digital banking through eleven branches across the Hudson Valley and Capital Region. In March 2025 the bank merged into Hudson Valley Credit Union (HVCU), and the former CHB branches and customer accounts now operate as part of HVCU's full-service consumer, business, wealth, insurance and merchant services franchise.

Product overview

Catskill Hudson Bank, now part of Hudson Valley Credit Union (HVCU), offers a comprehensive suite of banking products organized as a platform-plus-modules architecture. The core banking platform encompasses personal checking, savings, and certificate accounts along with credit card products, while the lending module includes mortgages, vehicle loans, personal loans, home equity products, boat/RV loans, and student loans. The business banking module provides dedicated business checking, savings, commercial real estate loans, lines of credit, term loans, and SBA loans. Digital services including Internet/Mobile Banking, Bill Pay, Mobile Deposit, and HV$end person-to-person payments form an integrated online banking experience. Insurance services are offered as a separate module through InsureOne, covering personal lines (auto, home, life) and business insurance products. Wealth management and retirement planning services are available through the wealthathvcu.com platform, while estate planning services round out the financial lifecycle offerings. The former Catskill Hudson Bank locations across 11 communities now serve as HVCU branches, expanding the credit union's footprint to 39 locations with access to over 85,000 surcharge-free ATMs nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Day-to-day transactional deposit accounts for individual consumers, with features such as debit card access, online and mobile banking, bill pay, Zelle, card controls and surcharge-free ATM access.
• Personal Savings Accounts Interest-bearing savings accounts for individual consumers to hold reserves and earn interest, accessible through branches, online and mobile channels.
• Money Market Accounts Tiered-interest deposit accounts combining check-writing flexibility with higher rates than standard savings for personal savers.
• Certificates of Deposit (CDs) Fixed-term, fixed-rate deposit products for personal savers seeking predictable returns over specified maturities.
• Credit Cards Revolving credit products for individual consumers, including rewards variants, managed through the bank's card controls and digital wallet features.
• Auto Loans New and used vehicle financing for individual consumers, financed and serviced in-house.
• Residential Mortgage Loans First-lien mortgages for home purchase and refinance for owner-occupied residential properties, with application and servicing through the bank's mortgage unit.
• Home Equity Loans and Lines of Credit Lump-sum home equity loans and revolving HELOCs secured by owner-occupied residential real estate, used for home improvement, debt consolidation and other personal financing needs.
• Personal Loans Unsecured installment loans for individual borrowers used for debt consolidation, major purchases and other personal financing needs.
• Business Banking Deposit, treasury and financing products for small businesses, professionals, municipalities and non-profits, including business checking and savings, ACH origination, wire transfers, remote deposit and merchant card acceptance.
• Commercial Loans Term loans, lines of credit and other commercial credit facilities extended to small and mid-sized businesses, professionals and municipalities for working capital, equipment and real-estate financing.
• Wealth Management Services Investment advisory, retirement planning, brokerage and asset management services for individuals, families and small-business owners delivered through HVCU Wealth offices.
• Insurance Services Personal lines (home, auto, life) and commercial insurance products distributed through HVCU Insurance offices to retail and business clients.
• Merchant Services Credit and debit card acceptance, point-of-sale systems and electronic payment processing for business clients.
• Mobile and Online Banking Digital banking channels (mobile app and online portal) with features including account management, bill pay, Zelle person-to-person payments, card controls, digital wallet support (Apple Pay, Google Pay) and online loan applications.

Quantifiable outcome

• Access to 85,000+ surcharge-free ATMs nationwide
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• InsureOne Insurance Services America, LLCminorChannel Partner/ Reseller/ DistributorInsurance products offered through InsureOne Insurance Services America, LLC and its affiliated companies, including auto, home, motorcycle, boat, RV, renters, flood, umbrella, pet, and special event insurance. Medicare and defensive driving courses also offered. Products are not NCUSIF insured and involve investment risk.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Walden Savings Bank: A community bank based in Walden, NY (Orange County), serving the Hudson Valley region. Comparable product mix (deposits, mortgages, consumer and commercial lending) and overlapping geography with former Catskill Hudson branches in the lower Hudson Valley.
• Mid-Hudson Valley Federal Credit Union: A federally chartered credit union serving members across the Hudson Valley with personal and business deposit accounts, loans, and digital banking. Direct credit union peer in the same geography that Catskill Hudson operated in.
• Rhinebeck Bank: A community bank headquartered in Rhinebeck, NY (Dutchess County), serving the mid-Hudson Valley. Comparable in size and product offering (personal/business banking, mortgages, commercial loans) and directly overlapping several former Catskill Hudson branch markets.
• Hudson Valley Credit Union: The acquiring credit union and now the operating parent of the former Catskill Hudson franchise. It is a federally insured credit union serving the Hudson Valley and Capital Region with 39 branches, offering an effectively identical product suite (deposits, lending, business banking, insurance) to the customers Catskill Hudson historically served.
• Orange Bank & Trust Company: A community bank headquartered in Middletown, NY (Orange County), serving the Hudson Valley with personal and business banking, mortgages, and commercial lending. Directly comparable in size, geography, and product mix to the former Catskill Hudson franchise.
• Ulster Savings Bank: A community bank headquartered in Kingston, NY (Ulster County), directly overlapping the former Catskill Hudson Hudson Valley footprint. Offers personal and business deposit accounts, mortgages, commercial lending, and digital banking — directly comparable product set and geography.

Broad incumbents

• Tompkins Community Bank (Tompkins Financial): A larger New York-based regional bank with branches across upstate and the Hudson Valley. Offers a broader portfolio of business and personal banking services than Catskill Hudson did, making it a broad incumbent competitor in overlapping markets.
• NBT Bank: A regional bank headquartered in Norwich, NY with a large upstate and central New York branch network. Comparable in product set (deposits, mortgages, commercial lending, wealth) and partially overlapping with Catskill Hudson's Hudson Valley reach.
• Berkshire Bank: A regional bank operating across New York, Massachusetts, and Connecticut with personal, business, and wealth services. Larger and more diversified than Catskill Hudson but directly competitive in the Hudson Valley and Capital Region markets.

Regional players

• SEFCU (now Broadview Federal Credit Union): A New York State credit union headquartered in the Capital Region (Albany). Comparable cooperative, member-owned model and product mix to HVCU/Catskill Hudson, primarily overlapping the Capital Region portion of the combined franchise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xinstagram.com/hudsonvalleyCU
• YouTubeyoutube.com/c/hudsonvalleycreditunion
• Facebookfacebook.com/Hvfcu
• LinkedInlinkedin.com/company/102046
• Instagraminstagram.com/hudsonvalleyCU

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Catskill Hudson Bank