fbpx skip to Main Content

MCU President Set to Retire

A letter from Dave Petit
Thank-you for the privilege of serving you, the members of Madison Credit Union. After 44 years in the financial services industry, 27 of them at Madison Credit Union, it is with mixed emotions that I announce that I will be retiring. My last day will be April 30, 2017.


Congratulations to Ilene Fritschler, current VP of Operations, who has been promoted by the Board of Directors to be the new president of Madison Credit Union. She brings many years of credit union operations experience to the position and is well suited to lead MCU into the future.


The privilege of serving members’ needs extends way beyond just handling deposits and withdrawals. The privilege includes being trusted to protect members’ privacy and their hard-earned savings. It includes our ability to offer automobile and home financing, and savings accounts for retirements and for college educations. It includes being here to help with doctor and hospital bills, and helping our members overcome many of life’s challenges. Each member is unique and MCU’s success comes from providing personalized and caring service.


In 1936, the credit union founders raised $35 to start City Employees Credit Union. When I started in 1989, MCU had $7 million in assets. Thanks to the hard work of many dedicated people, the credit union has grown to over $40 million. It has truly been a team effort. After 80 years, one thing has not changed – the credit union still holds true to its original philosophy toward its members: not for profit, not for charity, but for service.


From our voluntary board of directors, to our loyal members and amazing staff, it has been an honor to work with such caring and dedicated people. Working together as a team, we have improved the lives of our members. I am extremely proud of what we have accomplished together and I will miss being a part of the many successes the future holds for Madison Credit Union. It has been a wonderful, fulfilling experience, with many credit union relationships having grown into personal friendships. I will miss these relationships most of all.


Thank you for this opportunity and best wishes for the future. -David Petit


A letter from Ilene Fritschler
First, I would like to congratulate Dave Petit on his retirement and thank him for his 27+ years of service and commitment to Madison Credit Union. His commitment and dedication has set a great foundation for the continued success of your credit union.


Second, I would like to thank the Board of Directors for giving me the opportunity to serve as President of Madison Credit Union. Going forward our goals will remain much the same as they have been in the past: excellent member service from a friendly, knowledgeable staff. We will continue to provide products and services that offer the best value to our members. The financial safety and soundness of the credit union will always be a priority with every decision. I look forward to working with each of you. – Ilene Fritschler