GENEVA, N.Y.—Bob McFadden, whose father, Gene, was the founder and first president of Finger Lakes FCU here, will indeed follow in his father’s footsteps when he takes over as president/CEO here later this week.
McFadden will succeed Kathy Crelot, who is retiring after 15 years as the credit union’s chief executive. During her career Crelot oversaw growth from $42 million in assets to more than $100 million. In all, Crelot spent 35 years in credit unions, in addition to spending 20 years in the Navy and Reserves (some of which overlapped).
The credit union was founded in 1967 by Gene McFadden to serve Geneva city school teachers. The new CEO, Bob McFadden, told local media that the credit union was often the subject of discussion at the dinner table. Gene McFadden, now 88, recently appeared in a credit union video with his son.
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