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Sunmark, Hudson Heritage complete conversions to state credit union charter

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Sunmark, Hudson Heritage complete conversions to state credit union charter

Latham, N.Y.-based Sunmark FCU and Middletown, N.Y.-based Hudson Heritage FCU on Jan. 1 completed their conversions to state-chartered credit unions from federally chartered credit unions.

Sunmark CU previously said federal regulators approved its conversion to a state charter. Hudson Heritage CU said on its website that its members and regulators approved the conversion.

As of Sept. 30, 2019, Sunmark CU had total assets of $729.9 million and Hudson Heritage CU had total assets of $424.8 million, according to S&P Global Market Intelligence data.