Olean Area Federal Credit Union appoints Richard Yeager as Chief Executive Officer

ALLEGANY, NY (November 18, 2020) — Olean Area Federal Credit Union is pleased to announce the appointment of Richard Yeager as the company’s Chief Executive Officer, effective immediately. Rich had been serving as Interim CEO since August of 2020.

Mr. Yeager is a graduate of the University of Pittsburgh, and has held senior leadership roles at local financial institutions for over 25 years. Rich joined Olean Area Federal Credit Union in 2012 as the Vice President of Lending, overseeing all loan operations including consumer, mortgage and commercial lending.

When asked about his new position, Rich stated, “I am honored and humbled to have been chosen for this role. I am excited to grow with such a fantastic organization and look forward to working together with our board of directors and staff as we continue to grow and evolve.”

Patrick Kelly, Board President, added “The Olean Area FCU Board of Directors is pleased that Rich has accepted the position as CEO. We are confident that under Rich’s leadership we will successfully expand our footprint while continuing our tradition of delivering quality products and superior service to our members and supporting the communities we serve.”

Richard Yeager

About Olean Area Federal Credit Union

Olean Area FCU is the 2nd largest credit union in Western New York, with assets of $347 million. The credit union currently serves over 19,000 members with three locations, 1201 Wayne Street and 206 North Clark Street in Olean, and 180 West Main Street in Allegany.


Abbey Bowser
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