Mary D. Madden, President and Chief Executive Officer of Hudson Valley Credit Union (HVCU), has announced she will retire this coming year. Ms. Madden joined HVCU in 1995 and subsequently lead almost every area of the credit union, including Operations, Marketing, Lending, and Human Resources, before being named President and CEO in 2002.
Under Ms. Madden’s leadership, Hudson Valley Credit Union became the largest locally-based financial institution in the Hudson Valley with assets of $6.5 billion and more than 318,000 members. She has led the credit union’s membership expansion through new markets and three mergers with other credit unions, as well as major strategic endeavors such as a core computer conversion and rebrand campaign in 2015, and most recently the cooperative’s change to a New York State charter in 2019.
“The entire Hudson Valley region is in debt to Mary for her dynamic leadership these past 27 years,” said Chairman of the Board Nancy Kappler-Foster. “In addition to leading our team at HVCU, Mary has generously given her time and talent to many organizations to benefit our community at large. Her commitment to excellence has helped create better futures for our members, friends, and neighbors.”
Mrs. Kappler-Foster announced the Board of Directors will conduct a nationwide search for HVCU’s next President/CEO. Ms. Madden will remain through January 2, 2023, or until a successor is named.
About Hudson Valley Credit Union: Hudson Valley Credit Union is a full service, not-for-profit financial cooperative for businesses and individuals, offering real estate and other loans, a wide variety of savings and transactional accounts, investment services, property and casualty insurance, estate planning, and trust services. With more than $6.5 billion in assets, the credit union serves its members through 20 branches, a nationwide network of over 82,000 surcharge-free ATMs, Internet Banking, Mobile Banking, online bill payment, and 24-hour account access by telephone. The credit union is federally insured by the National Credit Union Administration (NCUA) as well as an Equal Housing Lender. For more information, visit hvcu.org.