Religious Organizations

Group of business professionals

Knowledgeable Banking

Our specialty group dedicated to serving Religious Organizations - from houses of worship, schools and social service agencies to health care providers - is widely regarded for the personal care and attention they provide for our customers. Our Religious Organizations group understands the issues and challenges facing many types of religious organizations and works closely with clients to meet their financial needs. We can help with construction loans for new buildings or renovations funded by capital campaigns, seasonal working capital lines of credit bridging to tuition or dues collection, financing accounts receivable from a variety of payment sources, and other creative solutions for your special needs.

We also offer many customized deposit services for Religious Organizations, including deposit pick up services on a daily or as-needed basis, cash pick-up after weekend collections and tuition payment programs. Let us help you manage your financial health.

Services for Religious Organizations

Cash Deposit Pick-Up

Religious Organizations can take advantage of our highly personalized and convenient Cash Deposit Pick-Up services. For customers who find it difficult to leave their offices to go to the bank, the Bank provides a messenger to pick up deposits at their place of business and deliver them to the Bank. Deposit pick-ups can be arranged on a regularly scheduled or as needed basis whenever the Bank is open for business. This service is available throughout the metropolitan area. Regardless of geographic location, religious organizations and businesses can benefit from Hudson Valley Bank’s high quality products tailored to their needs and exceptional personal service.

Hudson Valley Bank’s Cash Deposit Pick-Up Services are:

  • Convenient
  • Flexible
  • Easy to implement & use
  • Reliable, accurate & confidential
  • Secure
  • Cost-effective
  • Time-saving

* Cash pick-up services require a signed agreement
** Under New York State Banking Law, cash pick-up not available in Sleepy Hollow, North Tarrytown or Mahopac

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School Tuition Accounts

Hudson Valley Bank offers a simple yet effective program for private colleges, high schools and parochial schools to collect tuition. The Bank acts as collecting agent to accept monthly tuition payments directly by mail, in person at any Hudson Valley Bank Branch or through Preauthorized Direct Deposit. Payments come directly to the Bank for deposit in the school’s operating account. Schools receive weekly statements showing all tuition payments received and other account activity. Hudson Valley Bank will also provide tuition coupon books for each student listing the school name, Hudson Valley Bank account number, the amount of the student’s monthly tuition and due date. Payments can be mailed in monthly or made in person at any Hudson Valley Bank Branch. Hudson Valley Bank customers can also choose to have the amount automatically deducted from a  checking or savings account. This service is convenient for parents, guardians and students for paying tuition and makes funds available faster for schools.

Hudson Valley Bank's School Tuition Accounts provide:

    Convenient methods of payment

  • Coupon books
  • Automatic deduction
  • In person at any Hudson Valley Bank Branch

    Benefits for schools

  • Eliminates the need to collect and deposit payments
  • Improves cash management
  • Facilitates accurate record keeping
  • Provides safety, convenience and efficiency

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Nursing Home Resident Accounts

Hudson Valley Bank provides a convenient and effective program to assist nursing homes with the management and tracking of resident accounts. Our Nursing Home Resident Account program offers nursing homes the option of three different types of dedicated checking and/or savings accounts for each resident, as well as easy-to-read monthly  reports and concise statements for each account. Nursing homes benefit from Hudson Valley Bank’s expertise and experience, as well as its highly personal service and responsiveness.

    Resident sub accounts

  • Resident ACH Sweeps – Tracks all incoming pension and Social Security payments
  • Resident Savings – Tracks all monthly transfers (debits and/or credits) as directed by the nursing home
  • Resident Burial Funds – Tracks funds for burial expenses

           

     Features

  • Concise, easy-to-read reports: Comprehensive monthly status reports for each sub-account identifying incoming ACH Sweep activity, as well as current Ancillary Savings and Pre-Need/ Burial balances
  • Resident Sub-Account Statements: Optional quarterly or yearly Ancillary Savings and Pre-Need /Burial statements
  • Accurate, reliable and responsive service
  • Efficient processing and monitoring systems
  • Streamlined recording and maintenance of resident accounts

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Community Reinvestment

Hudson Valley Bank is a respected corporate citizen with a long tradition of reinvesting in the communities it serves through loans, charitable support and the countless hours of volunteer time donated by the staff. Additionally, the Hudson Valley National Foundation contributes to hundreds of charitable organizations in the communities served by the Bank. Click here for information about the Hudson Valley National Foundation.

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Additional Services for Religious Organizations

For additional information about the benefits of banking with Hudson Valley Bank, please contact the Branch nearest you or click here to Contact Us.

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