In this issue AutoWeek.com’s Best Picks for College Students ................. 2Outdoor Living Spaces .............................................................. 3Carmel Grand Opening ............................................................ 4Help Students Stay in Touch With Their Finances ............... 4 Fifty Years and Counting .......................................................... 5Summer Fun Starts With HVFCU Financing ...................... 5Use Summertime to Recharge Your Business ....................... 6Teach Your Children to Save for College ................................ 7

summer 2013

Sharedinterests a quarterly publ icat ion of Hudson valley federal cred it un ion

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We are pleased to announce that Internet Banking received an upgrade on June 17th, offering a number of major enhancements that bring additional ease and functionality to your online experience.

Internet Banking UpgradeImproved Function, Modern Look & Feel

New Internet Banking Features

• Simplified sign on process

• Expanded transaction history up to 90 days

• Quick Peek feature that allows you to view the last five days of account history in a single click

• Account detail filtering – view transaction history from the last 10-30 days, a specific month, or a range of dates

• Sort account details by transaction description or amount

• Schedule a transfer in Quick Peek or account detail view

• Perform transfers between your HVFCU accounts and accounts at other financial institutions

• Confirmation emails of scheduled transfers

• Schedule Bill Pay payments from main accounts overview

• Account activity downloads to Quicken, Quickbooks, and Excel

• Convenient calculator and calendar tools

• Self-service online password assistance (if password is forgotten)

As an added measure of security, with this upgrade members are required to create a new and unique user ID and password.

We hope you enjoy these changes. Go to hvfcu.org for details.

Hudson Valley Federal Credit Union

Cool! I’ll download it

right now. Thanks!

Did you download the credit

union’s new Mobile App yet?

It’s been upgraded. Now you

can even pay bills and view your

check copies.

More “Happily Ever Afters” are in store

for you with our new HVFCU rewards

program, coming this fall! Watch for

details at hvfcu.org.

*Insurance quotes are or full coverage and liability for physical damage and liability and based on: a 19 year-old male/19 year-old female, licensed since age 16 and continuously insured on parental policy who carried 100/300/100 liability limits, 12,000 miles a year, renter, no violations or accidents.

Dodge Dart SXT is a sporty, fun, safe drive with decent room to haul friends and dorm-room supplies:

Base price: $18,790EPA fuel economy (city/highway/combined): 25/36/29 mpgEstimated annual insurance cost* (male/female): $3,128/$2,628

Scion xB has quirky styling, but it’s easy on the wallet and offers generous cargo space with second-row seats that fold flat for easier hauling:

Base price: $18,005EPA fuel economy (city/highway/combined): 22/28/24 mpgEstimated annual insurance cost* (male/female): $2,978/$2,510

Chevy Spark LS is made for squeezing into those tight spaces on a clogged college campus:

Base price: $13,920EPA fuel economy (city/highway/combined): 28/37/32 mpgEstimated annual insurance cost*(male/female): $2,850/$2,382

Hyundai Veloster is perfect for young buyers seeking a fun vehicle that doesn’t limit practicality too much:Base price: $18,225

EPA fuel economy (city/highway/combined): 27/37/31 mpgEstimated annual insurance cost* (male/female): $3,306/$2,750

Prius C’s fuel efficiency means fewer fill-ups, and the small size makes parking and maneuvering easy:

Base price: $19,745EPA fuel economy (city/highway/combined): 53/46/50 mpgEstimated annual insurance cost* (male/female): $3,342/$2,774

Affordable, Convenient FinancingWith all the expenses related to college, it’s nice to know there’s an affordable choice for financing your student’s new car. HVFCU offers low-cost fixed and variable rate auto loans with flexible terms to fit any budget–including yours. Apply for HVFCU paperless financing at any branch, online at hvfcu.org, or on-the-spot at one of our participating dealerships. Our same-day financing allows you to send your collegiate off to school safely and affordably.

AutoWeek.com’s Best Picks for College Students

Sending your child off to college can be stressful. There are the usual worries about safety, grades, and money management. Choosing a dependable, reasonably priced car for your young adult is often part of the process. Here are five new-car options based on safety, fuel economy, and pricing, selected by AutoWeek.com that are ideal for college life and your college budget:

2

Outdoor Living Spaces

Creating an outdoor room is a relatively easy way to increase your home’s footprint, its value, and the quality of life you enjoy there. Once thought to be an out-of-reach backyard daydream, the outdoor room has definitely gone mainstream with fireplaces, water features, and entertainment stations. These enhancements form the second most popular category of home improvement projects. Here are the top trends to consider for your own outdoor remodel.

Bringing the indoors outdoors Gardens, terraces, patios, gazebos, and other outdoor areas continue to be popular means of extending the boundaries of homeowners’ living spaces. American consumers are looking to furnish them with such amenities as: all-season furniture upholstered in weather-resistant fabrics, top-of-the-line grills, fireplaces, decorative pillows and rugs, and accessories such as artwork and statuary.

Colorful container gardening These space-saving displays have always been favorite outdoor elements, and now the trend is going a step further with planters in a range of eye-catching shapes and colors. Such classy containers become artful accessories in themselves, adding interest when planted and arranged in clusters, placed in flower beds, or built up as vertical gardens.

Front-yard landscaping Where backyards are smaller, water features, fences, courtyards, and patios are moving out front, adding impact and individuality.

New-and-improved decks and patios Weatherproof and wood alternatives are in demand, and a wider selection of natural products such as tumbled stone and brick are paving the way.

Exterior lightscapes Hard-wired lighting illuminates the garden, trees and house, both to brighten outdoor rooms and enhance security.

Water features Fountains and other water elements enhance sight and sound, while landscaped ponds, streams, and lighted waterfalls offer peace and relaxation in outdoor rooms.

Outdoor fireplaces Whether a simple portable fire pit or a custom-built structure, a fireplace lends ambiance and creates a focal point for gatherings.

Smart irrigation systems Customized to outdoor spaces and supporting the green theme of water conservation, irrigation systems can now think for you. A lawn sensor system can measure soil moisture and automatically operate sprinklers, providing a lush landscape and beautiful view from your outdoor room.

Affordable Financing The question now is how to finance your space? That’s where HVFCU can help. We have a number of options from which to choose for financing your project, including the ever popular home equity. You can apply online and get an answer in the time it takes to swing a hammer. Both fixed and variable rates are available and you’ll receive a rate discount when you arrange for automatic payment. Go to hvfcu.org for details and application.

Add value and comfort to your home with an outdoor living area, financed with your HVFCU home equity

3

HVFCU officially celebrated the opening of our new Carmel branch at its Grand Opening on May 18th. The day was filled with sunshine and smiles as the Putnam County community came out in full force to show their support for the branch. The event was marked by a ribbon cutting ceremony with HVFCU staff and Board of Directors. Putnam County Historian Denis Castelli spoke with members about Putnam County history, and members had an opportunity to enter our raffle and win a pontoon boat ride from Mahopac Marina, or gift certificates to Health & Harmony Massage & Wellness Center, the Centennial Golf Club, or The Terrace Club. A caricature artist was on hand to sketch members (both young and young-at-heart), and Johnny Gelato served up ice cream, signaling the end of a day-long celebration.

The new Carmel branch is located at 2 Terrace Drive (at Stoneleigh Avenue and Terrace Drive, near Route 6) and features six teller windows, two drive-up tellers, and a drive-up ATM. We are pleased to offer members drive-up facilities, which were not available at our previous Carmel location. Along with the move, we’ve also expanded our evening and Saturday hours. The branch is now open Monday – Friday, 8:30 am – 7:00 pm, and Saturday, 9:00 am – 5:00 pm.

Photos: 1. John Gallo of Carmel was presented with a gift basket from Branch Manager Julie Barr as he became the first member to enter our new Carmel branch on opening day, May 29th. 2. A young member sits patiently for her caricature. 3. The Carmel Grand Opening kicks off with a ribbon cutting ceremony.

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Carmel Grand Opening

Help Students Stay in Touch With Their Finances and Keep Fees at BayAs they leave home this summer, thousands of college-bound students will be faced with managing and budgeting their money. Before they move on campus, parents will want to set up an HVFCU free checking account with Visa Debit card in addition to the following tips, and “must haves” to help keep fees at bay:

• Enroll your student in Internet Banking/Mobile Banking to help them keep tabs on their account balances.

• Set up CUAlerts and text alerts to help your student know when account balances are getting low or funds are being deposited.

• Replenish your student’s account once a month, or once a semester, to encourage budgeting.

• Students can pay their freinds (for pizza or shared bills, etc.) via email or text from their HVFCU account using the free PopMoney feature in Bill Pay.

• Mistakes can happen. Arrange for checking account overdraft protection from savings to avoid returned items and their associated fees.

• Stay within the maximum network ATM transactions. HVFCU allows eight free network transactions each month before charging a fee.

• Encourage your student to use surcharge-free network ATMs to reduce additional fees. A list of surcharge-free network participants can be viewed at hvfcu.org or via our mobile app.

• Use the point of sale cash back option to get cash.

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Carmel Grand Opening Fifty Years and CountingANNUAL MEETINg HVFCU held its 50th Annual Members Meeting in April at the Grandview in Poughkeepsie with over four hundred members in attendance, including one of our original founding members, Richard Baright. Prior to the meeting, members enjoyed an on-screen retrospective highlighting the history and memories of the credit union from 1963 to present day.

Guest speaker Todd Buchholz, a former White House senior economic advisor, discussed how global economic issues affect us locally in a variety of ways. Fifty members won scratch-off tickets for $50 in our member drawing, and anniversary cake and refreshments were served following the meeting.

THE HVFCU CrEW Another way we’re celebrating HVFCU’s 50th Anniversary this year is with a special team—The HVFCU Crew. This group of staff have been hitting the streets, conducting random acts of kindness and participating in special events throughout our community. They’ve given out gift cards in Newburgh to veterans, free gas in Montgomery, pet supplies to a shelter in Putnam County, and free coffee to commuters at the Beacon train station. You never know what The Crew will do next! Be sure to check us out on Facebook or Twitter for Crew updates.

Photos: 1. (l to r) CEO Mary Madden, founding member Richard Baright, and Chair Noreen Hennessy make a ceremonial cut into HVFCU’s 50th anniversary cake at our Annual Meeting. 2. (l to r) In a random act of kindness by the HVFCU Crew, Korean War veteran Arthur Orpikowski and Vietnam veteran Bob Matthews were each given $50 Visa Gift Cards in appreciation of their service.

Summer Fun Starts with HVFCU FinancingNearly one in ten American families own some kind of vehicle that generates fun for the whole family. Campers, all-terrain vehicles, snowmobiles, jet-skis, boats, and motorcycles all provide us with a little escape from the everyday at little cost. Whether you’re hitting the open road, waterways, mountains, or fields, we can make getting there and enjoying it easier and more affordable than ever.

We offer consumer loans, motorcycle loans, boat loans, and Readi-Cash loans, all at affordable rates and flexible terms you’ll love—plus the convenience of online application. Don’t forget that if you arrange for automatic payment, we’ll deduct .25% off your rate!

Let HVFCU provide the financing for whatever you need to get more fun out of life. Apply online at hvfcu.org or at any branch.

6

Use Summertime to Recharge Your BusinessA BETTER BusInEss soluTIon

Summer is the time when many businesses slow down a bit – people take vacations and they focus on everything except business. So what should you do during the

summer months to keep your business running smoothly? Here are a few easy ways to get the maximum use out of your summer slow time:

Touch base with your best contacts It’s so easy to fall out of touch with key clients, colleagues, and partners. Use summer to reconnect. Working with trusted colleagues is a great way to gain ideas, share resources, and grow your business.

Make a business planning day Take time to map out your strategy in terms of business direction, marketing plans, and business goals for the remainder of the year. Use the time to reflect on what has worked, what needs to be improved and what you are going to do next.

overlooked. Use your time wisely and these simple summer actions can help your business stay on track… and don’t forget to take a break!

Source: Excerpts from Laura Cohen, Experian

refresh your marketing materials Look at your business cards, brochures, profiles, signage, and newsletters. Work out what needs to be updated for maximum impact.

Take a break and get away Small business owners often find it hard to take a break. This is the one time of the year when it’s considered “okay” to take a vacation and your customers don’t stress if you’re closed for a few days. Plan accordingly and take a quick break to recharge your batteries.

Make updates to your website With so much to do on a daily basis, most business sites tend to become outdated. Take a close look at your pricing, product information, as well as any content that no longer reflects the direction of your business.

Take stock of your business and tackle tasks that often get

Looking for more banking options? More control of your money?

Personalized service? A better selection of business and lending

products? Talk to us about HVFCU’s better business solutions.

summer shredder Truck VisitsGo to hvfcu.org for a complete list of eligible materials.

Middletown Branch: July 12, 2013, 9:00 am-12:00 pmHighland Branch: July 19, 2013, 9:00 am-12:00 pmNewburgh Branch: August 2, 2013, 9:00 am-12:00 pmHollowbrook Branch: August 13, 2013, 9:00 am-12:00 pmFishkill Branch: September 10, 2013, 3:00 pm – 6:00 pm

Sponsored by

2013 Election Results Election results were announced at our Annual Meeting on April 18, 2013. Members re-elected Misty Decker, David Bagley, and Joseph Eppich to each serve another three year term. Following the meeting, the Board of Directors voted among themselves for the following slate of officers for 2013-2014: Chair Noreen Hennessy; First Vice Chair Takao Inouye; Second Vice Chair Joseph Eppich; Treasurer David Bagley; Assistant Treasurer Nancy Kappler-Foster; and Secretary Larry Prescott.

© 2012 S&P Capital IQ Financial Communications. All rights reserved. Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Hudson Valley Federal Credit Union and HVFCU Financial Services are not registered broker/dealers and are not affiliated with LPL Financial.

Not NCUA Insured | No Credit Union Guarantee | May Lose Value

7

Lifeforsm

Advice

Teach Your Children to Save for CollegeBeing part of the college planning process can be very educational for children, as it presents them with valuable financial lessons for the future. Children can earn money, learn about sources of financial aid, and take other steps that may relieve their parents of some of the responsibility of college planning.

Get an Early StartMost children don’t make plans for their higher education until they are well into high school, but the foundation for saving and planning for college can take place much earlier. Many financial experts believe the best time to introduce children to college planning is when they are in the sixth, seventh, or eighth grade.

You may also want to encourage your children to begin thinking about the career they would like to pursue, which is likely to influence their choice of college, as well as to establish a savings account that could be earmarked for education expenses. In addition, you can teach basic lessons about investing and other money management issues.

Take It to a Higher Gear in High SchoolBy the time they reach high school, many students are mature enough to plan for college at a deeper level, including the following:

• Learning about college costs – Students may gain a deeper appreciation of their family’s financial sacrifices when they realize how expensive college costs are. They can learn about these expenses from a number of sources, including the College Board (collegeboard.com) and the U.S. Department of Education (ed.gov).

• Researching scholarships – There are numerous websites with information about sources of financial aid. For example, fastweb.com and finaid.org contain search engines with data about thousands of scholarships with varying eligibility criteria. In addition, fafsa.ed.gov provides an overview of federal student aid programs. Also, local libraries and high school guidance offices may have information about state-sponsored aid programs and scholarships sponsored by local organizations.

• Earning money – High school students can set aside a portion of their wages from part-time or summer jobs for higher education expenses. Also, students may be able to obtain jobs that build on career interests as a way of solidifying their future plans.

You and your future college student may be able to think of more ideas that could add value to your family’s efforts to save for a college education. Getting your promising scholar involved in the process – financially and otherwise – could ultimately be a pivotal lesson in responsibility that impacts his or her later success in life.

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Board of Directorsnoreen Hennessy, ChairTakao Inouye, First Vice ChairJoseph E. Eppich, second Vice ChairDavid s. Bagley, Treasurernancy Kappler-Foster, Assistant Treasurerlarry J. Prescott, secretaryMisty V. Decker, DirectorT. s. Jones, DirectorHenry J. Rodgers, Jr., DirectorJan Mahar sturdevant, Director EmeritusRalph E. Plant, Director Emeritus

Supervisory Committeestephen M. Caswell, ChairWilliam J. Mulvey, secretaryJeffrey s. Battistoni, Member Kathleen A. Dispensa, Memberlarry J. Prescott, MemberElinor speckman, Associate Member

President & CEOMary D. Madden

BranchesMonday-Friday 8:30-7:00 and Saturday 9:00-5:00

4 Tucker Drive, Arlington324 Main street, Beacon2 Terrace Drive, Carmel449 Route 9, Fishkill101 Tillson Avenue, Highland415 Route 376, Hopewell Junction4011 Albany Post Road, Hyde Park1639 ulster Avenue, KingstonRoute 211, Fairgrounds Plaza, Middletown30 Hawkins Drive, Montgomery 953 Route 300, newburgh265 Windsor Highway, new Windsor12 north Avenue, Pleasant Valley159 Barnegat Road, Poughkeepsie11 Marshall Road, Wappingers Falls

Monday-Friday 8:30-5:30 and Saturday 9:00-2:001620 Route 22, Brewster

Monday-Friday 8:30-5:301 Civic Center Plaza, Poughkeepsie

Monday-Friday 8:00-4:00IBM Buildings* 320, 330, 705*Employee accessible only. Closed 1:30 pm to 2:00 pm.

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HVFCU ATMsAll HVFCu BranchesAdams Fairacre Farms, Route 44, PoughkeepsieBridgeview Plaza, Route 9W, Highland1810 south Road, nine Mall, Wappingers FallsEast Fishkill IBM Bldgs.* 300, 323Gap/old navy Distribution Center, Fishkill*nine Mall, 1810 south Road, Wappingers FallsPoughkeepsie IBM Bldg.* 052, 416Putnam Hospital Center, 670 stoneleigh Avenue, CarmelVassar Brothers Medical Center, Poughkeepsie*Employee accessible only. Online Serviceshvfcu.org

Telephone845.463.3011/800.468.3011

TDD (for hearing impaired)845.463.1709

Supervisory Committee845.463.6934/800.468.3011P.o. Box 1624, Poughkeepsie, nY 12601scmail@hvfcu.org

Mailing Address159 Barnegat Road, Poughkeepsie, nY 12601

Holiday Closing ScheduleAll branches will be closed:

Monday, September 2, Labor Day

Monday, October 14, Columbus Day(Offices in IBM Buildings are open)