For over 100 years, Wallkill Valley Federal Savings & Loan has been known throughout the Hudson Valley as customer oriented community bank.

A Brief History

Organized in July of 1913 as the Wallkill Valley Federal Savings & Loan Association, the stated goals were to promote thrift and homeownership within the local community. The Association sought to meet these goals by providing a safe place for local savings deposits and by prudently lending these deposits back into the community in the form of home mortgages. Although many years have passed since we were first chartered, and the financial services landscape has changed dramatically, Wallkill Valley Federal Savings and Loan still works hard to meet these traditional goals.

For 22 years, the Savings and Loan activities were conducted under a State Charter.  In 1935, Wallkill Valley Federal Savings & Loan began operation under charter of the United States Government.

Growth of the institution following the end of World War II in the 1940s, made it apparent that the Association would need its own office building. On July 29, 1950, this new office building was opened to the public with a staff of two full time employees. Total Association Assets at that time stood at just over 3 million dollars.

During the 1970’s, under the direction of the reigning Association President, Mr. Howard Terwilliger, began renovating the existing office space. The renovated office structure was dedicated in April of 1972. The additional space made it possible to expand our services beyond a transfer savings account operation to an on-line computerized system.This enabled the Association to begin to offer daily interest on accounts, various types of CD’s as well as NOW checking accounts. Mr. Terwilliger retired in 1984 and went on to serve as Chairman of the Board until his retirement in 2007. John R. Edler was elected Association president in 1984 and continued in that position until his retirement in December of 2010. Michael J. Horodyski, our current President and CEO assumed the role in 2011.

Wallkill Valley Federal Savings & Loan
Wallkill Valley Federal Savings & Loan

Under the guidance of Michael J. Horodyski, the first full service branch outside of the Wallkill community was opened in Milton, NY on February 28, 2011. This was the Associations first attempt to move outside of Wallkill and bring our unique way of delivering financial services to our surrounding communities. In 2012, the Association marked another milestone with the acquisition of Highland Falls Federal Savings and Loan.

2013 marked Wallkill Valley Federal’s 100th year helping our neighbors with their financial needs. In 2014 the Association opened its fourth branch location, the second branch in Orange County, located in Maybrook, NY. In December of 2016, the Association signed a definitive merger agreement with Hometown Bank of the Hudson Valley beginning the process of acquisition of their 4 branch locations. In August of 2017, the transaction closed and branches located in Walden, Monroe, Montgomery and Otisville officially became part of the Wallkill Valley Federal Savings and Loan family. In June of 2022, the Association acquired the Newburgh branch of Empire State Bank. This allowed us to break into a new market area and expand our customer base in Orange County. The Newburgh branch is our 7th branch in Orange County and 9th full-service banking office in New York.

Looking to the future, our goal remains to help our customers reach their financial goals, with affordable accounts and services that put them first. We will continue to strive to create the ideal banking experience through products and services that make banking easier, constantly working to blend hometown values with modern technologies.