New York’s Hudson Valley Credit Union Names New CEO

Jonathan W. Roberts will become the new president/CEO of New York’s fifth largest financial cooperative in September, the board of directors for Hudson Valley Credit Union said in a prepared statement on Tuesday.

He will succeed the retiring Mary Madden, who, at the age of 40, was one of the industry’s first women to be named as a CEO of a billion-dollar credit union in May 2002.

During her 20-year tenure, the Poughkeepsie-based HVCU grew its assets from $1.4 billion in 2002 to its current assets of $6.3 billion, while loans increased from $914 million to $3.5 billion, and membership expanded from 121,425 to 329,542, according to NCUA Call Reports.

Madden said she plans to retire in early September.

Roberts most recently served as EVP at the $68 billion Webster Bank in Stamford, Conn., the state’s largest financial institution, according to DespositAccounts.com. He was responsible for Webster’s community banking division and was a member of the executive committee.

This is Roberts’ first credit union appointment.

His LinkedIn page showed he served as a regional vice president for Fifth Third Bank starting in 1994 and later was named an SVP at Citizens Bank. He also worked as an EVP for FNB, Santander Bank and First Bank.

Roberts is scheduled to begin his new job on Sept. 19.

“After extensive conversations with Jonathan, I am confident the transition will be smooth and seamless,” HVCU Board Chair Nancy Kappler-Foster said in a prepared statement. “His financial acumen, strategic vision and commitment to diversity, equity, inclusion and community are the perfect mix to help our credit union achieve even greater success.”

HVCU’s 832 employees operate 20 branches.