The $88 million Inspire FederalCredit Union in Bristol, Pa., has hired Jim Merrill as its new CEO.He will succeed the retiring Glenn Styer, the credit unionannounced June 30.

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Merrill (pictured at left) has been in the industry for the past23 years, most recently as SVP at LendKeyTechnologies in New York City. Prior to that he was CEO of the$47 million Fairless Credit Union in Morrisville, Pa., and EVP ofthe New JerseyCredit Union League, his new employer said.

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Styer retires on July 31 and Merrill's appointment is effectiveAug. 1, the 13,000-member credit union said, crediting Styer forleading Inspire's growth from $14.5 million to its current size.Conversion to a community charter and the adoption of newtechnologies also highlight Styer's 23 years of leadership of theBucks County credit union.

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