Complex sentence: HVFCU began in late 1963 when a small group of people founded the IBM Poughkeepsie Employees Federal Credit Union, established to provide a basic savings and consumer loans to Poughkeepsie IBM employees and their immediate families.
Split into simpler sentences: HVFCU began in late 1963 when a group of IBM employees founded the IBM Poughkeepsie Employees Federal Credit Union. The credit union was established to provide a basic savings and consumer loans to Poughkeepsie IBM employees and their immediate families.