Olean Area FCU announced that it has named Richard Yeager its CEO, effective immediately. Yeager had previously been serving as interim CEO since August of 2020.

“The Olean Area FCU Board of Directors is pleased that Rich has accepted the position as CEO,” said Patrick Kelly, Olean Area FCU board president. “We are confident that under Rich’s leadership we will successfully expand our footprint while continuing our tradition of delivering quality products and superior service to our members and supporting the communities we serve.”

Yeager has held senior leadership roles at local financial institutions for over 25 years. He joined Olean Area FCU in 2012 as VP of lending, overseeing all loan operations including consumer, mortgage and commercial lending.

“I am honored and humbled to have been chosen for this role,” Yeager said. “I am excited to grow with such a fantastic organization and look forward to working together with our board of directors and staff as we continue to grow and evolve.”

Olean Area FCU currently serves over 19,000 members at three western New York locations.