James Hrabosky has been named president/CEO of Armco Credit Union in Butler, Pa.
Hrabosky succeeds Randall Cypher, who is retiring in June after 45 years of service. During his tenure, Cypher oversaw 10 mergers and opened five branches, growing the credit union's assets from $45 million to its current assets of $710 million.
Armco also announced that Adam Boosel was named EVP, succeeding Dennis Fehl, who will also retire in June.
"Randy and Dennis have provided exceptional leadership to the credit union, earning the respect of our employees, members and the broader community," Armco Board Chair John Gibson Jr. said. "Their dedication, integrity and steady guidance have shaped the organization we are today, and we are grateful for the strong foundation they leave behind. We are equally confident in Jim and Adam's leadership and their ability to carry the credit union forward while honoring our mission and values."
Armco's 109 employees operate six branches, and serve more than 43,000 members and 300 sponsor organizations.
Peter Strozniak can be reached at peter.strozniak@arc-network.com.
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