ROCKAWAY, N.J. — Picatinny Federal Credit Union has named Bill Darling as their Chief Executive Officer.

Darling, a certified treasury professional, joined the $200 million, 15,000 member credit union in 2001 as service manager. Previously, he worked for Sovereign Bank and the Bank of New York.

“I’m very excited,” Darling said. “It’s a great opportunity for me, and I look forward to leading the company into the future.”

Darling said that Picatinny has an ambitious plan for the future, with branch expansion, increased membership, and a commitment to the Morris County community among its goals.

In 2005, Picatinny earned a community charter that allowed the credit union to offer services to anyone living, working, worshipping, or attending school in Morris County.

“There is a lot of competition out there,” Darling said. “While many organizations in the financial services industry looked for short cuts to build success in 2006 and 2007, including offering subprime loans, we did not. Picatinny has stuck to our core beliefs and strategies and continued to develop quality relationships with our members, while meeting proper safety soundness requirements and thresholds.”