These reserves provide credit unions the ability to safely survive economic downturns, loan losses and periods of slower income growth. It is the goal of credit unions not to accumulate more reserves than their Board feels is necessary for their long term viability. In fact, most earnings are returned to the members in the form of lower loan rates, higher share deposit rates, fewer fees and better service.
If you happen to find yourself dissatisfied with your current financial institution and are considering a change - a Community Credit Union should be your first choice. As a member and an owner, your voice will be heard. A Community Credit Union exists to serve its member/owners and not an unknown group of stockholders.
So, why not compare the savings and lending rates of your local financial institutions and then compare them to those available through Hudson River Community Credit Union. You may be pleasantly surprised. Please visit hrccu.org or stop by one of our conveniently located branches for more information.