Hudson Valley CU President/CEO Mary D. Madden Plans Retirement
HVCU's board of directors launches a nationwide search for her successor.
Mary D. Madden, president/CEO of one of New York’s largest credit unions, plans to retire this year, Hudson Valley Credit Union in Poughkeepsie announced Friday.
Madden joined HVCU in 1995 and led nearly every area, including operations, marketing, lending and human resources, before being named CEO in 2002.
During her CEO tenure, the credit union became the largest locally based financial institution in the Hudson Valley, and it is the fifth largest credit union in the Empire State. Its assets grew from $1.3 billion in 2002 to $6.4 billion at the end of the third quarter in 2021, according to its Call Reports. After HVCU entered new markets and completed three mergers, membership also expanded from 120,601 in 2002 to 315,014.
Madden also led HVCU through major strategic endeavors such as a core conversion, a rebrand campaign in 2015, and most recently, the cooperative’s change to a New York state charter in 2019.
HVCU’s 758 employees operate a corporate office and 20 branches.
“The entire Hudson Valley region is in debt to Mary for her dynamic leadership these past 27 years,” HVCU Board Chair Nancy Kappler-Foster said in a prepared statement. “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.”
Kappler-Foster said the board of directors will conduct a nationwide search for HVCU’s next president/CEO. Madden will remain through Jan. 2, 2023, or until a successor is named.