The $88 million Inspire Federal Credit Union in Bristol, Pa., has hired Jim Merrill as its new CEO to succeed the retiring Glenn Styer, the credit union announced June 30.

Merrill has been in the industry for the past 23 years, most recently as SVP at LendKey Technologies in New York City. Prior to that he was CEO of the $47 million Fairless Credit Union in Morrisville, Pa., and EVP of the New Jersey Credit Union League, his new employer said.

Styer retires on July 31 and Merrill’s appointment is effective Aug. 1, the 4,000-member credit union said, crediting Styer for leading Inspire’s growth from $14.5 million to its current size, along with its conversion to a community charter.