Fairport Federal Credit Union entered into an agreement with Finger Lakes Federal Credit Union to share the president/CEO position, upon the retirement of 25-year veteran Pete Gaglia.
Bob McFadden has become president/ CEO of Fairport Federal Credit Union effective Jan. 1st.
Fairport Federal Credit Union’s Board President Fran Mahan shared that finding a replacement the caliber of retiring Gagliano was a challenge. The board looked for a strong, local credit union partner that could provide leadership and help it grow.
“We chose. Mr. McFadden and Finger Lakes Federal Credit Union based on their strong track record, dynamic leadership, excellent member services, and most importantly their strong commitment to our existing staff, branch location, and Fairport FEU members,” said Mahan.
“Our agreement with Finger Lakes Federal Credit Union to share Mr. McFadden’s vision and leadership is an ideal strategy to strengthen and broaden the scope of services that we provide,” said Mahan.
McFadden has been in the financial services industry for 23 years and has led Finger Lakes for the past 10 years in executive vice president and CEO capacities. He is a 2016 MBA graduate of the University of Rochester’s Simon School of Business and a 2014 graduate of the Credit Union National Association Management School at the University of Wisconsin. He serves as a member of the Regulatory Committee for the National Association of Federal Credit Unions and serves on numerous nonprofit boards. His accomplishments include the Rochester Business Journal’s Forty Under 40 Award, the New York Credit Union Association Professional of the Year and the Rotary Paul Harris Fellow.
McFadden will lead both credit union organizations with a combined 45 employees, $165 million in combined assets and 20,000 credit union members.
“Our mission is to create a partnership with our members and their families enabling them to attain their personal financial goals,” said McFadden. “We offer high-quality products and services in a family-like culture, delivered in a trustworthy manner.”
Mahan said that the Fairport Federal Credit Union Board is confident that McFadden and the staff of both Credit Unions will maintain and strengthen Fairport FCLT’s offerings to its members.