KINGSTON – The National Credit Unit Administration has granted permission for Mid-Hudson Valley Federal Credit Union to merge with Bridgeway Federal Credit Union. The merger officially became effective on January 31.
“Smaller financial institutions are increasingly challenged by regulation and economic conditions,” said Wayne Winkler, Mid-Hudson Valley president. “This merger aligns two strong, local organizations with common philosophies to provide the combined membership with tremendous value.”
Bridgeway’s assets have been assumed by Mid-Hudson Valley and its three branches have been added to Mod-Hudson Valley’s 11. Both credit unions have a community charter that serves the Ulster, Dutchess and Orange areas.
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