POUGHKEEPSIE, N.Y.–Mary Madden, the long-time leader of Hudson Valley Credit Union, has announced plans to retire effective Jan. 2, 2023.
Madden’s career with HVCU began more than 25 years ago and, “after leading almost every area of the credit union, including operations, marketing, lending, and human resources,” she was named President and CEO in 2002.
In announcing the retirement, Hudson Valley said that during Madden’s tenure the CU has grown to be the largest in the Hudson Valley, and now has assets of $6.5 billion and more than 318,000 members, up from $817 million and just over 100,000, respectively, when Madden joined the credit union in 1995.
“Mary’s tenure with us has seen the creation of a true winning team, including her strong senior leadership group, our volunteers, and the entire staff of more than 800,” Hudson Valley CU said on its website. “Mary has always shared the board’s belief that nothing we achieve comes from just one person or group, but she has been instrumental in leading us all to such great heights. As she leaves the team to carry on, we know she has placed us on a firm path for future growth.”
Exemplified CU’s ‘Core Value’
HVCU noted Madden has also exemplified the CU’s core value of community service, holding key positions with a variety of organizations including most recently Central Hudson, Nuvance Health, and Hudson Valley Patterns for Progress.
“For over 30 years, Mary has been a tireless advocate for our industry, educating people on the value of belonging to a not-for-profit financial cooperative,” HVCU said. “We will miss her leadership, but wish her all the very best as she moves on to what we know will be an equally impressive retirement. Knowing Mary, she’s not slowing down any time soon.”
HVCU said it has launched a search for a successor.