ALBANY, N.Y. – The $459 million Capital Communications Federal Credit Union and the $2.5 million Hudmo Valley Federal Credit Union merged on July 1. The merger received regulatory approval from NCUA, and was overwhelmingly approved at a meeting of the Hudmo Valley FCU membership on June 4, 2006. Hudmo Valley FCU was established in 1961 and, as of May 31, 2006, has nearly 800 members. The CU’s only location in Green Island will remain open and Hudmo Valley staff will be retained. Capital Communications, the second largest CU in the Capital Region, was established in 1953 and currently has five branches. After the merge with Hudmo Valley is complete, Capital Communications will have more than 50,000 members and $465 million in assets.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.