Matt Kaudy
CoVantage Credit Union ($4.1 billion, Antigo, Wis.) announced Monday that Matt Kaudy has been appointed president/CEO following a nationwide search.
On June 1, Kaudy will take over the helm from Charlie Zanayed, who is retiring after 13 years of service at CoVantage. Under Zanayed's leadership, the credit union grew from approximately $1 billion in assets, 80,000 members and 280 employees to more than $4 billion in assets, more than 183,000 members and more than 500 employees.
"We are deeply grateful for Charlie's leadership and the lasting impact he has made on CoVantage, its member-owners and its employees," CoVantage Board Chair Mike Windberg said.
Kaudy brings more than 20 years of progressive leadership experience in the credit union industry to CoVantage. Since 2015, he has served at the $4.7 billion, Fort Worth, Texas-based EECU, most recently as EVP and chief growth officer. Prior to joining EECU, he held senior leadership roles at NASA Federal Credit Union ($5.8 billion, Upper Marlboro, Md.) and Fairfax County Federal Credit Union (now the $5.6 billion, Fairfax, Va.-based Apple Federal Credit Union).
"Following a planned succession and comprehensive nationwide search, the Board is confident that Matt is the right leader for CoVantage's next chapter," Windberg said. "Matt is a highly effective, people-centered leader who is humble, a strong listener and committed to carrying forward the servant leadership culture CoVantage is known for. He brings an analytical mindset, strong financial expertise and a proven ability to drive sustainable growth and member value."
Kaudy has served on the boards of Cornerstone Resources, Junior Achievement and the EECU Community Foundation, among other organizations. In his most recent role at EECU, he oversaw areas including human resources, payments, digital, contact center, financial centers, marketing and community engagement.
"I am honored to join CoVantage and grateful for the trust placed in me by the Board," Kaudy said. "CoVantage's commitment to its mission, its member-owners and the communities it serves strongly resonates with me. I look forward to listening, learning and working alongside the CoVantage team as we continue to strengthen our impact and serve our members."
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