Wallkill Valley Federal Savings and Loan believes that putting Community First is very important. That is why we are so excited to receive the Banking Development District Designation from New York State for our newest branch in Maybrook. Our President Mike Horodyski shared the following when talking about receiving the designation:
The New York State Banking Development District designation is a great program that will help support the Maybrook branch while it continues to grow its deposit base. Wallkill Valley Federal Savings & Loan is proud to be able to continue to provide traditional banking services to the residents and businesses of the Village of Maybrook.
What is the NYS Banking Development District designation?
The Banking Development District program is designed to encourage the establishment of bank branches in areas across New York State where there is a need for banking services. Understanding the fact that banks can play an important role in promoting individual wealth, community development, and revitalization, the BDD program provides benefits to banks that open branches in underserved areas. Maybrook is one of those areas!
The Superintendent of Financial Services for NYS, Maria T. Vullo shared with us:
The Department of Financial Services is committed to supporting access to affordable and safe financial products and services throughout New York State, we are pleased to approve this Banking Development District designation in Maybrook pursuant to its authority. Banking Development Districts lead to economic revitalization in communities and ensure that more New Yorkers have the tools possible to achieve economic success, grow savings, endure financial setbacks and advance their overall economic well-being.
Now that we have been awarded the New York State’s Banking Development District designation, we are ready to build our presence in the Village of Maybrook and help our community create financial growth. If you live in Maybrook or are a business owner in the area, we invite you to stop by the branch and introduce yourself! Branch Manager Denise Mathelier is ready to discuss the products and services that make Wallkill Valley Federal Savings and Loan different from other banks. We are located at 208 Homestead Avenue next to the post office. Or feel free to call us at 845-895-2051 or visit our website at www.wallkill.com.