DANVILLE, Penn.–MC Federal Credit Union has named a new president and CEO to succeed Jim Barbarich, who has announced plans to retire at year-end 2023.
The $223.1-million MC FCU has selected Elba Arenas, who currently serves as the CU’s chief member experience officer, to lead the organization. Arenas has already taken on the title of president.
“Elba has been an integral part of the Credit Union since joining the organization in 2016, as the western regional manager,” MCFCU said on its website. “In this role, Elba demonstrated effective leadership skills and a strong vision for business development that helped strengthen the company’s performance and risk controls. In 2018, in recognition of her contribution to the credit union, she was promoted to her current role as Chief Member Experience Officer.”
“I am honored and excited to lead our credit union as we continue to make a difference in the lives of our members and in the communities we serve,” said Arenas.
Barbarich will continue to serve as CEO for the next 17 months until his retirement on Dec. 23, 2023, the credit union said.
Continuing to be a ‘Guide’
“He will continue to guide the credit union through strategic planning and special projects and will provide key guidance to Elba as she assumes significant new responsibilities,” MCFCU said in its statement to members. “The Board greatly appreciates Jim’s many contributions to the credit union, and his open and collaborative approach to succession planning.”
MCFCU has approximately 13,000 members.