Pennsylvania credit union CEO stepping down after 24 years

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Barbara Vitolo, longtime president and CEO of Wyrope Williamsport Federal Credit Union, Williamsport, Pa., plans to retire in July. A search for a new chief executive is underway.

Vitolo has been at Wyrope Williamsport FCU for 24 years. She told Credit Union Journal the plan is to have her successor in place prior to her departure.

Asked what she plans to do after she retires Vitolo replied, “I am moving to Florida where the snow doesn’t fly. I have family there.”

In looking back at her career, Vitolo said the most memorable development was how much technology has changed the face of financial services.

Wyrope Williamsport Federal Credit Union’s most recent call report said it had more than $330,000 in net income for 2018, up from $141,000 in 2017. As of Dec. 31, 2018, its net worth ratio was 11.80 percent (“well capitalized”).

The credit union was chartered in 1957. It currently serves approximately 5,000 members in Lycoming County.

The $34 million-asset institution has tasked Credit Union Resources, a service corporation operated by the Cornerstone Credit Union League, with finding Vitolo’s successor. The Cornerstone CU League serves credit unions in Arkansas, Oklahoma, and Texas, but Credit Union Resources offers its services to all CUs.

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