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Peekskill welcomes first credit union in town

Michael Mattone, Vice President of Community Impact for MHV, received a commendation for his community volunteerism. Photo > Courtney Kruzikas

Federal Credit Union of the Hudson Valley (MHV) held the inauguration of its a look branch April 21 at 3 North Broad Street (and Park Street). A large crowd was present for the dedication ceremony, including the Mayor of Peekskill Vivian McKenziethe City Council, other city officials, the county legislator Colin Smithand Hudson Valley Gateway Chamber of Commerce President Deb Milone and members of the board of directors.

A credit union offers the same products and services as banks, but is a member-owned, not-for-profit financial cooperative.

wayne winkerpresident and CEO of MHV, based in Kingston (NY), credited Michael Matton, VP Community Impact, with the creation of the new Peekskill branch. MHV claims it is the first credit union in town.

Winkler noted that the biggest challenge was building amid the pandemic. “There have been many setbacks and obstacles. It’s been a long trip, but we’re happy to be here. Even the grand opening has been delayed, with MHV first opening in Peekskill in early January 2022.

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Mattone was honored with a commendation for his volunteerism and active involvement in the Peekskill community. In presenting the proclamation, New York State Senator Pete Harckham praised Mattone for “committing to integrating you into the community,” ending with “You are a godsend. We love you.” Mattone’s local involvement includes serving on the founding board of the Gateway Chamber.

Main Experience Office chris gomez says there is a national trend for credit unions like MHV. He attributed it to the kind of “financial solutions wasteland” they identified in the Peekskill market. “There is an acute need for our services,” Gomez said, adding that the new branch has recruited 250 members since opening, which he says represents, in the same calendar quarter, “four times some of our branches north of here”.

MHV prides itself by giving back to the communities it serves. Last year, he donated more than $200,000 to nearly 100 nonprofits and community organizations, including local organizations such as Caring for the Hungry and Homeless of Peekskill (CHHOP), Hudson Valley Gateway Chamber Foundationand MyMoney Workshop. He also participated in the Peekskill BID Farmer’s Market.