FAIRPORT, N.Y.–Two credit unions here have announced a plan to share a president/CEO.
Fairport Federal Credit Union has entered into an agreement with Finger Lakes Federal Credit Union to share Bob McFadden as president/CEO.
Pete Gagliano recently retired as CEO of Fairport FCU after 25 years.
The credit unions did not state they were merging.
According to the Finger Lake Times, Fairport’s Board President Fran Mahan said the board was looking for a strong, local credit union partner to provide leadership and help it grow. After an extensive search Finger Lakes Federal Credit Union was selected.
“We selected Mr. McFadden and Finger Lakes FCU based on their strong track record, their dynamic leadership, excellent member services, and most importantly their strong commitment to our existing staff, branch location, and unwavering commitment to serving Fairport FCU members.”
McFadden has been in the financial services industry for 23 years, and has led Finger Lakes for the past 10 years in both executive vice president and chief executive officer capacities.
Combined, the credit unions have approximately 45 employees, $165 million in assets, and 20,000 members.