CUC Mortgage Appoints New COO

Contact:  Bonnie Sklar, Public Relations Coordinator
(800) 342-9835, ext. 8130, cell: (518) 944-0831

(Albany, NY) — CUC Mortgage Corporation today announced the appointment of Edward Kovalefsky as its chief operating officer. Kovalefsky will report to William J. Mellin, president/chairman of CUC Mortgage and president/CEO of the Credit Union Association of New York.

Kovalefsky joined the Association in 1993, initially as CFO. During the past 10 years, he has overseen the Association’s for-profit subsidiaries and managed its internal administrative and support services. He will supersede Richard Maxstadt, who is retiring.

 “I am confident that Ed’s extensive industry experience, financial background and knowledge of credit unions will make him an excellent leader for CUC Mortgage,” said Mellin.

 “I look forward to working with CUC Mortgage’s team of talented and dedicated professionals,” said Kovalefsky. “Together, we will continue to ensure the delivery of competitive mortgage programs to credit unions so that they in turn can help fulfill their members’ dreams of home ownership.”

Prior to joining the Association, Kovalefsky served as vice president and controller of a publicly traded insurance company. He also spent 12 years with a regional public accounting firm, where he became a vice president and shareholder.

Throughout the years, he has been involved in several fundraising activities for not-for-profit organizations in the Capital District.

Kovalefsky graduated summa com laude with a Bachelor of Science degree from the State University of New York at Albany.

CUC Mortgage, headquartered in Albany, N.Y., and licensed in New York, New Jersey, Connecticut, New Hampshire, Pennsylvania and Vermont, is a full-service mortgage corporation committed to serving credit unions in the greater Northeast. Every aspect of the organization’s mortgage program, which promotes growth and increased revenue, is customized to meet the unique needs of credit unions and their members. To learn more about CUC Mortgage, established in 1987, visit


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