Olean Area FCU announces changes to Board of Directors

At Olean Area Federal Credit Union’s Annual Meeting, the financial institution’s volunteer Board of Directors announced new board appointments as well as two retirements.

Patrick Kelly, who served as Chairman of the Board since 1992, announced that he would step down from his Chair position but remain as a member of the Board of Directors. Michele Pancio, current board Vice-Chair was elected to the new Board Chair position. Michele joined the Olean Area FCU supervisory committee in 2006 and was appointed to the board in 2013. She was elected Vice-Chair in 2021. For over 30 years Michele has been co-owner of All American Financial Service and Insurance as well as Real Estate Development.

Current Board Member, Jason Crisafulli was elected as the new Vice-Chair. Jason joined the Olean Area FCU Education Committee in 2015 and was appointed to the board in 2018. Jason was the previous President of Kinley Corporation before his retirement. He also serves as Board President for the Greater Olean Area Chamber of Commerce and is a member of the Allegany Planning Board.

Michele stated, “Serving the credit union on the Supervisory Committee and the Board these past sixteen years has been an honor.  I am looking forward to my new role as Board Chair and the opportunity to help guide Olean Area FCU into the future.” President & CEO, Rich Yeager added, “Michele has been an integral member of our board since the day she joined us and I’m confident in her leadership going forward. I would like to thank Pat for over 30 years of dedication to our credit union as Chairman and am certain he will continue to be an advocate for our members and communities in his new role.”

Along with these recent appointments, the Board also announced the retirement of two long standing Board Members, Glenda Hall and Jean McInroy. Glenda joined the board in 1983 and Jean in 2002. Both have been an essential part in the development and growth of Olean Area FCU. Rich Yeager, stated, “We sincerely thank Glenda and Jean for their years of service to our organization and the communities we serve. Their commitment has helped make our Credit Union what it is today.”