EAST WINDSOR, N.J. -- Wayne Hudson, president/CEO of McGraw-Hill Employees Federal Credit Union, announced Feb. 26 that he would retire June 1. Hudson has guided the operations of the $180 million CU since September 1994. Until his retirement, Hudson will continue as president/CEO, assisting in the search for a successor and ensuring an orderly transition of responsibilities, according to the CU. He will remain on as a special consultant through 2008. "After battling some health problems I feel that it is time to spend more time with family and friends," Hudson said. "I believe that the credit union has a great future and our members should expect the same quality service that has set us apart for the past 13 years."
During his tenure, Hudson has seen the CU vastly expand its operations. Originally based out of a single branch on the Avenue of the Americas in New York City, it has since grown to four branch offices and in July 2005, moved its central operations to its current 19,900 square-foot headquarters building. The CU now serves more than 14,500 members.
Under Hudson's direction, MHEFCU also enacted a new strategic plan emphasizing the use of state-of-the-art technology to allow its members 24-hour, seven-day-a-week access to its menu of products and services.