SOMERSET, Mass.—Pamela Mello has taken over as CEO at Somerset FCU. She replaces Joyce Magno, who recently retired after working at the $140-million CU for 46 years.
Mello came to SFCU after working for 23 years at the $480-million McCoy FCU in Orlando. At McCoy, Mello worked in senior management for 21 years, most recently as vice president of operations and risk management. She has been a NAFCU-certified compliance officer since 2003, with a special interest in fraud prevention.
Mello said she planned to retire at McCoy, but then the SFCU opportunity became available, and Mello and her husband are originally from nearby New Bedford, Mass. She graduated from high school in New Bedford in 1973.
"It gave me a chance to go back to the future," Mello told South Coast Today. "This is a great organization. I've been talking to the members. They're wonderful. Somerset is a great town and it's pure New England . . . Right now, my main concern is continuity, making sure there are no disruptions to the members, there are no disruptions to the staff. We have some new products to roll out."