Patriot Federal Credit Union in Chambersburg, Pennsylvania has tapped Ronald Celaschi as its next chief executive.
The $1 billion-asset credit union announced that Celaschi, who according to his
"I want to take a moment to thank our board of directors for their many hours of hard work; but most importantly for an excellent selection. … Ron embraces the Servant Leadership philosophy and he is looking forward to beginning his new role at Patriot," Warner said in a press release.
Outside of his leadership roles, Celaschi is a member of the Junior Achievement of Western Pennsylvania board of directors, the board of trustees of the Credit Union Legislative Action Council (CULAC) — which is the federal political action committee of the Credit Union National Association (CUNA) — and was previously on the membership committee of the CUNA Lending Council.
In January 2022, the National Credit Union Administration (NCUA) advanced a
The legislation has been
"In some instances, [succession planning] could be key to the continuation of a credit union, but I don't know if we can say that across the board," Luke Martone, senior director of advocacy and counsel for CUNA, said in a previous interview with American Banker. "Oftentimes, there are no issues with succession planning that lead to the eventual merger of a credit union … and sometimes that is the case."