Pete Gagliano, the longtime president/CEO of Fairport FCU, will retire at year-end, the credit union recently announced. Bob McFadden has been selected to serve as president/CEO of the company upon Gagliano’s retirement.

Gagliano was appointed president/CEO of the Fairport, New York-based credit union 25 years ago and has been instrumental in guiding the credit union over the past two-and-a-half decades.

“It has been an honor and a privilege to serve our members and community for so many years,” said Gagliano. “Knowing that the credit union is financially sound and well positioned for its next stage of growth, I will then be able to truly enjoy my retirement.”

Bob McFadden will become Fairport FCU’s new president/CEO effective Jan. 1. He will concurrently lead and oversee operations at both Fairport FCU and Finger Lakes FCU in Geneva. Tiffany Capriee has also been hired to assist McFadden with Fairport FCU operations.